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Tejas Cargo India Limited IPO

Tejas Cargo India Limited IPO

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Listed Price: ₹ 175.00 (+4.17%)

Tejas Cargo India Limited's has transitioned to a publicly listed entity following its IPO debut on 24-02-2025 at the NSE exchange. The public offering successfully raised 63,00,000 Shares, consisting of 63,00,000 Sharesin new capital.

The IPO featured a competitive price range of ₹160 to ₹168 and minimum application size of 800 shares. Market reception was evidenced through subscription activity between 14-02-2025 and 18-02-2025, reflecting investor appetite for the offering.

Allotment of shares was completed on 20-02-2025, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.

Tejas Cargo IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Tejas Cargo IPO Key Performance Indicator
Company Financials ( In Crores )

Tejas Cargo IPO About Company

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.

Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."

Tejas Cargo IPO Strength Factors

  1. In-House Maintenance and Direct Procurement: Tejas Cargo manages asset maintenance and procurement internally, ensuring quality control, reducing third-party dependency, and optimizing operational costs for smoother fleet performance.
  2. Technology-Driven Fleet Operations: The company leverages GPS tracking, telematics, and advanced fleet monitoring systems to track vehicle health, improve routing efficiency, and minimize downtime through real-time insights.
  3. Ownership-Based Fleet Strategy: By owning most of its trailers and vehicles, Tejas Cargo maintains greater operational control, reduces leasing expenses, and enhances profitability and long-term business stability.
  4. Diversified Customer Base: Serving clients across multiple industries helps the company mitigate sector-specific risks and maintain steady revenue streams even during market fluctuations.
  5. Experienced and Visionary Leadership: A capable management team with industry expertise drives strategic decision-making, operational excellence, and sustained business growth.
  6. Strong Growth and Financial Foundation: With a consistent performance record, Tejas Cargo demonstrates financial stability, enabling reinvestment into expansion and resilience amid evolving market conditions.

Tejas Cargo IPO Risk Factors

  1. High Logistics Costs – The cost of transportation and warehousing in India is substantial, which can impact profitability and make pricing less competitive.
  2. Economic Slowdown Effects – A sluggish global economy and recession concerns may slow down exports, leading to lower freight demand and affecting overall business.
  3. Increasing Operational Expenses – Rising fuel prices, labor costs, vehicle maintenance, and regulatory requirements can put financial pressure on logistics companies and reduce profit margins.

Tejas Cargo IPO Lead Manager(s)

  • New Berry Capitals Private Limited

Tejas Cargo IPO Promoter(s)

  1. Chander Bindal
  2. Manish Bindal


Tejas Cargo IPO Company Details

Tejas Cargo India Limited
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Tejas Cargo IPO Registrar

Bigshare Services Private Limited
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Tejas Cargo IPO FAQs