The Tejas Cargo India Limited IPO is set to open for subscription on February 14, 2025, and will close on February 18, 2025. The listing date is expected to be February 24, 2025. The IPO price band is set at ₹160 to ₹168 per share, with a total issue size of ₹105.84 crores. The lot size for retail investors is 800 shares, and the IPO will be listed on NSE SME.
IPO Details
- IPO Opening Date: February 14, 2025
- IPO Closing Date: February 18, 2025
- Listing Date: February 24, 2025
- Issue Price: ₹160 to ₹168 per share
- Total Issue Size: ₹105.84 crores
- Lot Size: 800 shares
- Exchange: NSE SME
Company Background
Tejas Cargo India Limited is a logistics and supply chain solutions provider specializing in freight transportation, warehousing, and distribution. The company offers end-to-end logistics services catering to various industries, ensuring timely and efficient cargo movement. With a strong operational network and advanced fleet management, Tejas Cargo India has positioned itself as a key player in the Indian logistics sector.
Objectives of the IPO
- Fleet Expansion & Infrastructure Development – Increasing the number of vehicles and warehouses.
- Technology Integration – Enhancing tracking, automation, and digital logistics solutions.
- Debt Repayment – Strengthening financial health and reducing interest burdens.
- General Corporate Purposes – Supporting operational growth and working capital needs.
Financial Performance & Share Price Predictions
- Revenue (Last FY): ₹500+ Crores
- Profit (Last FY): ₹45 Crores
- Year-over-Year Growth: 18%
| Year | Predicted Share Price (₹) |
|---|---|
| 2025 | ₹180 – ₹200 |
| 2026 | ₹220 – ₹250 |
| 2027 | ₹260 – ₹300 |
| 2028 | ₹310 – ₹350 |
| 2029 | ₹370 – ₹420 |
| 2030 | ₹450 – ₹500 |
Subscription & Grey Market Premium (GMP) Details
| Category | Expected Subscription |
|---|---|
| Retail Investors | High |
| Institutional Investors | Moderate |
| HNIs | Strong |
- GMP for Tejas Cargo India Limited: ₹[To be updated closer to listing]
Key Growth Factors
- Rising Demand for Logistics Services – Driven by e-commerce, manufacturing, and trade expansion.
- Fleet & Network Expansion – Strengthening logistics infrastructure across key regions.
- Government Initiatives in Logistics – Support through Make in India and infrastructure development policies.
- Adoption of Digital Logistics – Implementation of AI-driven tracking and fleet management systems.
Conclusion: Is Tejas Cargo India Limited a Good Investment?
The Tejas Cargo India Limited IPO presents an opportunity to invest in India’s growing logistics and transportation sector. The company’s expansion plans, focus on digital transformation, and strong revenue growth make it an attractive choice for investors. However, factors such as market volatility, competition, and fuel cost fluctuations should be considered before making an investment decision.