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Tejas Cargo Ipo


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; and

  • General Corporate Purposes;

Tejas Cargo IPO Review

  • IPO Watch – Avoid

  • Canara Bank –

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  • Emkay Global –

  • Hem Securities –

  • IDBI Capital –

  • Marwadi Shares –

  • Nirmal Bang –

  • SBICAP Securities –

  • Sharekhan –

  • SMC Global –

  • Sushil Finance –

  • Swastika Investmart –

  • Ventura Securities –

  • Geojit –

  • Reliance Securities –

  • Capital Market –

  • BP Wealth –

  • ICICIdirect –

  • Choice Broking –

IPO Lead Managers aka Merchant Bankers

  • New Berry Capitals Private Limited

ApplicationLot SizeSharesAmount
Retail Minimum1800₹1,34,400
Retail Maximum1800₹1,34,400
S-HNI Minimum21,600₹2,68,800

IPO Open Date:February 14, 2025
IPO Close Date:February 18, 2025
Basis of Allotment:February 19, 2025
Refunds:February 20, 2025
Credit to Demat Account:February 20, 2025
IPO Listing Date:February 24, 2025

Period EndedRevenueExpenseProfit After TaxAssets
2022(Standalone)₹209.6₹205.45₹3.16₹63.57
2023(Standalone)₹384.37₹370.85₹9.86₹116.42
2024(Consolidated)₹422.59₹405.20₹13.22₹236.00
September 2024(Consolidated)₹255.09₹43.41₹8.75₹294.29

KPIValues
ROE:38.62%
ROCE:28.30%
EBITDA Margin:16.46%
PAT Margin:3.13%
Debt to equity ratio:2.91
Earning Per Share (EPS):₹7.52 (Basic)
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):23.85%
Net Asset Value (NAV):₹2,269.21

CompanyEPSPE RatioRoNW %NAVIncome
AVG Logistics Limited26.6611.6412.65136.3479.89 Cr.
RITCO Logistics Limited13.2227.3317.8073.98933.30 Cr.

IPO Open Date:February 14, 2025
IPO Close Date:February 18, 2025
Face Value:₹10 Per Equity Share
IPO Price Band:₹160 to ₹168 Per Share
Issue Size:Approx ₹105.84 Crores
Fresh Issue:Approx ₹105.84 Crores
Issue Type: Book Built Issue
IPO Listing:NSE SME
Retail Quota:Not more than 35%
QIB Quota:Not more than 50%
NII Quota:Not more than 15%
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

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