Tejas Cargo IPO: Check GMP, price band, subscription and other details

The SME IPO of Tejas Cargo will open for subscription on Friday. The issue, which is entirely a fresh equity sale of 63 lakh shares, will be available for bidding till February 18.

Tejas Cargo plans to use the proceeds from the IPO for purchase of additional trailers for the company, working capital requirements, repayment of debt and general corporate purposes.

Tejas Cargo IPO price band

The company has fixed a price band of Rs 160-168 per share, where investors can bid for 800 shares in one lot.

Check Tejas Cargo GMP

The GMP of Tejas Cargo is currently Rs 0 in the unlisted market, indicating a premium of 0% over the issue price.

About Tejas Cargo IPO

Tejas Cargo is a logistics company based in Faridabad, Haryana, providing long haul supply chain transportation services by road across India.

It offers express supply chain transportation services by road under full truck load, to a diverse range of companies who are, inter alia, engaged in the logistics, steel and cement, e-commerce, industrial & chemicals, FMCG and white goods sectors.

The company also provides technology enabled logistics services to its clients to optimize its operations and minimize contingencies.
It derives more than 98% of the revenue by providing long haul supply chain transportation services.

Its services include shipment planning, route optimisation, fleet selection, documentation, tracking, communication and coordination and performance evaluation.

When is Tejas Cargo listing and allotment date

The share allotment for Tejas Cargo IPO is expected to be finalised on February 19 and the listing of shares will be on February 21. The equity shares are proposed to be listed on the NSE SME platform.

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