Tejas Cargo India SME IPO Details, Financials, Valuation & Peers
Explore Tejas Cargo India IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Tejas Cargo India Limited is a Faridabad-based logistics company specializing in long-haul supply chain transportation services by road across India. The company provides Full Truck Load (FTL) express logistics solutions to a diverse clientele across industries such as logistics, steel and cement, e-commerce, industrial & chemicals, FMCG, and white goods sectors. With a modern fleet and technology-enabled operations, Tejas Cargo India Limited ensures optimized logistics solutions, including shipment planning, route optimization, fleet selection, documentation, tracking, and performance evaluation. The company has a strong track record, having completed over 98,913 trips during FY 2024 and 58,943 trips in the first half of FY 2025, making it a key player in India’s logistics landscape.
Key Points:
- Fleet & Operations
- Fleet size of 1,131 vehicles as of October 31, 2024, including 218 trailers and 913 container trucks (32-40 feet, up to 42-ton capacity).
- 292 debt-free vehicles, ensuring financial stability.
- 61 percent of trips are completed using the company’s own fleet, with the remainder sourced from the open market.
- Pan-India operations with 23 branches, nine of which also handle fleet maintenance and repair.
- Owns a three-acre in-house maintenance facility in Gurugram, Haryana, and a captive petrol dispensing station in Rewari, Haryana, optimizing fuel costs.
- Technology-Enabled Logistics
- IoT-powered fleet management with Geo-Fencing, GPS tracking, AI-powered rear cameras, and Advanced Driver Assistance System (ADAS)/Driver State Monitoring (DSM) for enhanced safety and efficiency.
- On-time delivery rate of 78.30 percent in the first half of FY 2025, significantly improved from 63.84 percent in FY 2022.
- Transported approximately 1.19 million tons of goods in FY 2024.
Objects of the Issue
- Purchase of additional trailers for the Company
- To meet working capital requirements
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company
- General Corporate Purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 14 Feb - 18 Feb 2025 |
| IPO Price Band | ₹160 - ₹168 per share |
| Fresh Issue | 63,00,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹105.84 crore |
| Face Value | ₹10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 14 Feb 2025 |
| IPO Closing Date | 18 Feb 2025 |
| Basis Of Allotment | 19 Feb 2025 |
| Refunds | 20 Feb 2025 |
| Demat Transfer | 20 Feb 2025 |
| IPO Listing Date | 24 Feb 2025 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| Total Income | 209.67 | 384.37 | 422.59 | 255.09 |
| Total Expenses | 205.45 | 370.85 | 405.20 | 43.41 |
| Net Profit/Loss | 3.16 | 9.86 | 13.22 | 87.45 |
| NPM (*) | 1.50 | 2.56 | 3.13 | 3.43 |
| Total Assets | 63.57 | 116.42 | 236.00 | 294.29 |
| Total Liabilities | 60.40 | 103.40 | 180.55 | 230.10 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| EPS | 1.79 | 5.60 | 7.52 | 4.97 |
| ROE (%) | 99.69 | 121.79 | 38.62 | 14.62 |
| ROCE (%) | 24.80 | 44.50 | 28.30 | 13.52 |
| D/E Ratio | 0.8 | 1.4 | 1.4 | 1.4 |
| Current Ratio | 2.2 | 1.6 | 1.5 | 1.7 |
| EBITDA MARGIN (%) | 4.00 | 8.60 | 16.46 | 18.04 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Tejas Cargo India Limited | 419.33 | 22.34 | 7.52 | 23.85 | 31.52 |
| AVG Logistics Limited | 479.89 | 11.64 | 26.66 | 12.65 | 136.3 |
| RITCO Logistics Limited | 933.30 | 27.33 | 13.22 | 17.80 | 73.98 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 1.33 |
| Non-Institutional Investor (NII/HNI) | 1.07 |
| Retail Individual Investor (RII) | 1.09 |
| Total | 1.15 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Bigshare Services Private Limited
Phone: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Promoters
- CHANDER BINDAL
- MANISH BINDAL
Lead Managers
- New Berry Capitals Private Limited
Company Address
Tejas Cargo India Limited
3 rd Floor, Tower B, Vatika Mindscape 12/3, Mathura Road, Sector-27D, NH-2, Faridabad, Haryana, India, 121003
Phone: +91-129-4144812
Email: compliance.officer@tcipl.in
Website: www.tcipl.in
FAQs
- What is the issue size of the Tejas Cargo India SME IPO?The Tejas Cargo India SME IPO has an issue size of ₹105.84 crore. This includes a fresh issue of 63,00,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Tejas Cargo India IPO?The price band for the Tejas Cargo India IPO is ₹160 - ₹168 per share.
- What are the bidding dates for the Tejas Cargo India IPO?The Tejas Cargo India IPO will open for bidding on 14 Feb 2025 and close on 18 Feb 2025.
- What is the allotment date for the Tejas Cargo India IPO?The allotment date for the Tejas Cargo India IPO is 19 Feb 2025.
- What is the minimum lot size and investment required for the Tejas Cargo India IPO?The minimum lot size for the Tejas Cargo India IPO is 800 shares and the minimum investment required is ₹1,34,400.
- What is the listing date for the Tejas Cargo India IPO?The listing date for the Tejas Cargo India IPO is 24 Feb 2025.
- What is the Tejas Cargo India IPO grey market premium?The grey market premium (GMP) for the Tejas Cargo India IPO is currently at ₹0, with an expected listing gain of approximately 0%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.