Tejas Cargo India Limited
ListedSMEServices / Logistics · NSE
Tejas Cargo India Private Limited, incorporated on March 26, 2021, is a Faridabad-based logistics company specializing in long-haul Full Truck Load (FTL) transportation services for sectors such as logistics, steel, cement, e-commerce, FMCG, chemicals, and white goods. The company operates a tech-enabled supply chain model offering shipment planning, route optimization, tracking, documentation, and performance evaluation. As of October 31, 2024, it manages a fleet of 1,131 vehicles—including 218 trailers and 913 container trucks, with 292 fully debt-free—and uses IoT-based systems like geo-fencing, digital locking, GPS/SIM tracking, ADAS/DSM, and AI-enabled rear cameras, maintaining an average fleet age of 2.88 years. In Fiscal 2024, Tejas Cargo completed 98,913 trips and transported nearly 11.94 lakh billed tonnes with an improved on-time delivery rate of 78.13%. For the six months ended September 30, 2024, it executed 58,943 trips across India, with over 61% handled through its owned fleet. As of September 30, 2024, the company employs 284 personnel.
Price Band
₹160 – ₹168
Issue Size
₹106 Cr
Lot Size
800 shares
GMP
—
Est. Listing
₹168
at current GMP
Subscribed
1.23x
overall
Open
14 Feb 2025
Close
18 Feb 2025
Allotment
20 Feb 2025
Refund
21 Feb 2025
Demat Credit
22 Feb 2025
Listing
24 Feb 2025
Last updated 12 days ago
Overall Subscription
1.23x
Total Demand
QIB Multiplier
1.33x
Institutions & Funds
NII / HNI
1.43x
High Net-Worth
Retail (RII)
1.09x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,184,800 | 1,578,400 | 1.33x |
| NIB | 888,800 | 1,268,000 | 1.43x |
| RETAIL | 2,072,800 | 2,268,800 | 1.09x |
| EMPLOYEES | 63,200 | 46,400 | 0.73x |
| Total | 4,209,600 | 5,161,600 | 1.23x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 2 | 0.00x |
| NIB | — | 48 | 0.00x |
| RETAIL | — | 2,836 | 0.00x |
| EMPLOYEES | — | 20 | 0.00x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About Tejas Cargo India Limited Public Issue & Market Profile
Tejas Cargo India Limited is bringing an initial public offering (IPO) in the Services / Logistics sector with an aggregate issue size of ₹105.84 Crores. The shares are offered at a price band of ₹160 to ₹168 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Bidding & Quota Instructions:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 800 shares (approx. ₹1,34,400 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment Reconciliation Schedule:
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-02-22, while un-allotted funds or UPI block mandates will be released on 2025-02-21.
Frequently Asked Questions
What is Tejas Cargo India Limited IPO GMP today?
Currently, Tejas Cargo India Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹160 to ₹168 per equity share.
What is the expected profit per lot for Tejas Cargo India Limited IPO?
The retail lot size is 800 shares requiring a minimum application amount of ₹1,34,400. Expected listing price is ₹168 per equity share.
What is the issue size and price band for Tejas Cargo India Limited IPO?
The Tejas Cargo India Limited IPO aggregate issue size is ₹105.84 Crores with an equity price band set at ₹160 to ₹168 per equity share. The retail lot size is 800 shares requiring a minimum capital outlay of approx. ₹1,34,400.
How can I check Tejas Cargo India Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 1.23x (Retail: 1.09x, QIB: 1.33x, NII: 1.43x). You can track live multiples directly on our dedicated subscription page.
Where and when will Tejas Cargo India Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2025-02-20. Investors can verify status using PAN card or application number.
When is the listing date for Tejas Cargo India Limited IPO?
Tejas Cargo India Limited shares are scheduled to list on NSE on 2025-02-24.