Tejas Cargo IPO Day 1: Check subscription status, GMP, dates and other details about SME issue | Stock Market News
Tejas Cargo IPO Day 1: The initial public offer (IPO) of Tejas Cargo opened for subscription on February 14, 2025 and will close on February 18, 2025.
Tejas Cargo IPO subscription status
Tejas Cargo IPO was subscribed 0.15 times by 3.50 PM on February 14, 2025. The public offering had been subscribed to 0.3 times in the retail category, 0 times in the QIB category, and 0.03 times in the NII category as per chittorgarh.com data.
Tejas Cargo IPO Key dates
Tejas Cargo IPO subscription period began on February 14, 2025, and will end on February 18, 2025. On Wednesday, February 19, 2025, Tejas Cargo IPO allocation is anticipated to be finalised. The proposed listing date for Tejas Cargo IPO is set for Monday, February 24, 2025, on the NSE SME.
Tejas Cargo IPO Size
Tejas Cargo IPO is a ₹105.84 crore book-built offering, consisting of a fresh sale of 63 lakh shares.
Tejas Cargo IPO Subscription details
The price range or price band for Tejas Cargo’s IPO had been set at ₹160 to ₹168 per share. An application must have a minimum lot size of 800. Retail investors considering lot size and price band must make a minimum investment of ₹1,28,000. However, if investors bid at the cutoff price, the investment will be approximately ₹1,34,400, but will ensure taking care of the oversubscription situation. HNI requires a minimum lot size investment of two lots (1,600 shares), or ₹2,68,800.
Tejas Cargo IPO GMP or Grey Market premium
Tejas Cargo IPO grey market premium or GMP is NIL currently as per investorgain.com data. This means that shares of Tejas Cargo are not being offered at any premium over the issue price in the grey market. This also means that the market participants are expecting the listing of Tejas Cargo shares without any premium at the upper end of the issue price at ₹168.
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