₹ 134400
₹160- ₹168
800
₹175
4
18 Feb 2025
Download20 Feb 2025
21 Feb 2025
Application Details
The Tejas Cargo IPO is scheduled to open on February 14, 2025, and close on February 18, 2025. This Book Built Issue IPO is priced in the range of ₹160 to ₹168 per share, with a face value of ₹10 per share. Investors can apply in a lot size of 800 shares, with a minimum and maximum retail investment of ₹1,34,400. The total issue size comprises 63,00,000 shares, aggregating up to ₹105.84 crore, entirely as a fresh issue. The IPO will be listed on NSE SME.
As per the tentative schedule, the basis of allotment is expected to be finalized on February 19, 2025, followed by the initiation of refunds and credit of shares to Demat accounts on February 20, 2025. The anticipated listing date is February 24, 2025. For High Net-worth Individuals (HNIs), the minimum application requires two lots, totalling 1,600 shares worth ₹2,68,800.
About Tejas Cargo India Limited (SME IPO)
Tejas Cargo India Limited, incorporated in March 2021, is a logistics company based in Faridabad, Haryana, specializing in supply chain transportation services by road across India. The company provides express road transportation services under the Full Truck Load (FTL) model, catering to various sectors, including logistics, steel, e-commerce, FMCG, and white goods.
As of October 30, 2024, its fleet consists of 913 container trucks and 218 trailers, with an average age of 3.4 years and 0.7 years, respectively. By October 31, 2024, the total fleet size reached 1,131 vehicles, including container trucks ranging from 32 to 40 feet and with a capacity of up to 42 tonnes. As of September 30, 2024, the company had completed 58,943 trips and 98,913 trips during Fiscal 2024. Tejas Cargo India operates nationwide through 23 branches, facilitating placements, loading, and unloading. The company employs a workforce of 284 employees as of September 30, 2024.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.