Tejas Cargo India Ltd. has announced public offering of 6300000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 158.00 per share. The gross proceeds of the issue are expected to be Rs 10,584.00 lakhs.
The company's initial public offer (IPO) will open on 14 February 2025 and is expected to close on 18 February 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 160.00-168.00 per share.
The IPO includes a fresh Issue of 6300000 Equity Shares of the Company at an price of Rs 168.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 800 shares with bids in multiples of 800.
Tejas Cargo India Ltd. anticipates using the proceeds of the issue for .
New Berry Capitals Pvt. Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.