Tejas Cargo’s initial public offer (IPO) opened for subscription on February 14, 2025, with a ₹105.84 crore offering. The IPO will close on February 18, 2025, and details like subscription status, GMP, and key dates are available for potential investors.
Tejas Cargo, a logistics and cargo solutions company based in India, has opened its initial public offering (IPO) for subscription on February 14, 2025. The IPO, with a total offering size of ₹105.84 crore, is set to close on February 18, 2025. This SME issue is designed to help Tejas Cargo raise capital to further expand its operations.
The IPO consists of a fresh sale of 63 lakh shares and is expected to offer retail and institutional investors an opportunity to participate in the company’s growth. The price band for Tejas Cargo’s IPO has been set between ₹160 to ₹168 per share, with a minimum lot size of 800 shares. Retail investors are required to make a minimum investment of ₹1,28,000, while HNI investors must invest a minimum of ₹2,68,800.
As of 3:50 PM on February 14, 2025, Tejas Cargo IPO was subscribed 0.15 times. The retail category had subscribed 0.3 times, while the Qualified Institutional Buyer (QIB) and Non-Institutional Investor (NII) categories had seen very low participation.
Tejas Cargo’s IPO is a significant step for the company, which has built a reputation for reliable logistics services across India. The grey market premium (GMP) for the Tejas Cargo IPO is currently NIL, indicating that shares are not being traded at a premium over the issue price.
Key Dates for Tejas Cargo IPO:
- IPO Subscription Period: February 14, 2025, to February 18, 2025
- Allocation Finalization: February 19, 2025
- Listing Date: February 24, 2025, on NSE SME
The IPO’s subscription status and investor participation are expected to give further insights into market sentiment ahead of the listing on February 24, 2025.
