Tejas Cargo Limited IPO Allotment Status: Check Latest GMP, Steps To Verify Status

Bidding for Tejas Cargo Limited IPO was open from February 14 to February 18, 2025. The basis of allotment will be finalised on February 19, 2025. Read on to find out how to check the allotment status. 

Steps to Check Tejas Cargo Limited IPO Allotment Status Online On NSE

• Visit the NSE’s IPO allotment verification status page. 
• Select “Equity & SME IPO bid details.”
• In Select Symbol, select “TEJASCARGO.”
• Enter your PAN No. and application No.
• Click “Submit.”

Steps to Check Tejas Cargo Limited IPO Allotment Status Online On Bigshare Services Pvt Ltd

• Visit Bigshare’s IPO allotment status page. 
• Select “Tejas Cargo Limited” in “Company Selection”
• Enter either your Application Number, Demat account number or PAN. 
• Enter Captcha and Click “SEARCH.”

IPO Details

Tejas Cargo Limited IPO is a fresh issue of 63 lakh shares, aggregating to Rs 105.84 crores. The price band is set at ₹160 to ₹168 per share, and the tentative listing date on NSE SME is Feb 25, 2025. 

Use of Proceeds

The proceeds from the Issue will be utilised for the following purposes:

• Acquisition of new trailers to increase the fleet capacity.
• Meeting the ongoing operational and business needs.
• Repayment/Prepayment of Borrowings. 
• Supporting strategic initiatives, business growth, and other general corporate needs.

Tejas Cargo Limited IPO - Overall Subscription Status

GMP (Grey Market Premium) Details

As of February 19, 2025, the GMP for Tejas Cargo Limited IPO stands at ₹0. The estimated listing price remains ₹168 and the expected gain or loss per share, with a percentage change of 0%.

Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.

Source: NDTV Profit dated February 19, 2024

Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.

Tejas Cargo Limited Business Overview

Tejas Cargo Limited is a logistics company that specialises in long-haul supply chain transportation services across India under the Full Truck Load (FTL) model. This service contributes to company’s 98% of the revenue. 

They operates a fleet of 1,131 vehicles, including 218 trailers and 913 container trucks on a pan-India basis through a network of 23 branches. The company has executed over 61% of its trips using an owned fleet, as of September 30, 2024. 

Disclaimer: Investing in SME IPOs involves a high degree of risk. Such investments may be suitable only for investors with a high-risk tolerance and the ability to bear potential losses. Perform thorough due diligence and consult a financial advisor before investing. Invest wisely and at your own discretion.

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