The Tejas Cargo India Limited Target 2030 is scheduled to open on February 14, 2025, and close on February 18, 2025, with an expected listing date of February 24, 2025. The IPO price band is ₹160 to ₹168 per share, with a total issue size of ₹105.84 crores. The IPO will be listed on NSE SME, and the lot size for retail investors is 800 shares.
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 cargo transportation company, specializing in domestic and international freight services. The company operates a network of warehouses, distribution hubs, and fleet services, ensuring timely delivery for industrial, retail, and e-commerce clients.
Objectives of the IPO
- Fleet Expansion – Increasing the number of trucks and transport vehicles to meet growing demand.
- Technology Integration – Enhancing tracking and logistics management systems.
- Debt Reduction – Strengthening financial stability by reducing outstanding loans.
- General Corporate Purposes – Supporting working capital and future expansion.
Financial Performance & Share Price Predictions
- Revenue (Last FY): ₹520 Crores
- Profit (Last FY): ₹75 Crores
- Year-over-Year Growth: 20%
| Year | Predicted Share Price (₹) |
|---|---|
| 2025 | ₹180 – ₹200 |
| 2026 | ₹220 – ₹250 |
| 2027 | ₹270 – ₹310 |
| 2028 | ₹320 – ₹360 |
| 2029 | ₹390 – ₹440 |
| 2030 | ₹460 – ₹520 |
Subscription & Grey Market Premium (GMP) Details
| Category | Expected Subscription |
|---|---|
| Retail Investors | Moderate to High |
| Institutional Investors | Strong |
| HNIs | Strong |
- GMP for Tejas Cargo India Limited: ₹[To be updated closer to listing]
Key Growth Factors
- Booming E-Commerce and Logistics Demand – Increased need for fast and reliable delivery services.
- Government Focus on Infrastructure & Transport – Policies supporting logistics and cargo expansion.
- Technological Advancements in Supply Chain Management – Improving efficiency and cost-effectiveness.
- Diverse Client Base – Serving industrial, commercial, and retail sectors.
Conclusion: Is Tejas Cargo India Limited a Good Investment?
The Tejas Cargo India Limited IPO presents an opportunity in the growing logistics and transportation sector. With a strong market presence, expansion plans, and rising demand for freight services, the company is positioned for long-term growth. However, investors should consider market volatility and sector-specific risks before making an investment decision.