Tejas Cargo India Ltd - IPO

Tejas Cargo India Ltd IPO Details

Initial public offer of 63,00,000^ equity shares of face value of Rs. 10 each (the Equity Shares) of Tejas Cargo India Limited (The Company or The Issuer) at an issue price of Rs. 168 per equity share (including share premium of Rs. 158 per equity share) for cash, aggregating to Rs. 105.84^ crores (The Issue) out of which 63,200^ equity shares of face value of Rs. 10 each, at an issue price of Rs. 168 per equity share for cash, aggregating to Rs. 1.06^ crores were reserved for subscription by eligible employees of the company (the Employees Reservation Portion) and 3,15,200^ equity shares of face value of Rs. 10 each, at an issue price of Rs. 168 per equity share for cash, aggregating to Rs. 5.30^ crores were reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The issue less employee reservation portion and market maker reservation portion i.e. issue of 59,21,600^ equity shares of face value of Rs. 10 each, at an issue price of Rs. 168 per equity share for cash, aggregating to Rs. 99.48^ crores is hereinafter referred to as the Net Issue. The issue and net issue constitute 26.37% and 25.18% respectively of the post-issue paid-up equity share capital of the company. The offer price is 16.8 times the face value of the equity shares. ^Subject to finalization of basis of allotment

Objective of issue

Purchase of additional trailers. To meet working capital requirements. Repayment/ or pre-payment in full or part of certain borrowings availed by the company. General corporate purposes.

Tejas Cargo India Ltd Contact Details

Tejas Cargo India Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - compliance.officer@tcipl.in

Website - www.tcipl.in