Mumbai, Feb. 24 -- The scrip was listed at 175, a premium of 4.17% over the initial public offer (IPO) price. The stock was currently down 4% over its listing price.

The counter hit a high of Rs 175 and a low of Rs 168. About 14.59 lakh shares of the company changed hands at the counter.

Tejas Cargo India's IPO was subscribed 1.14 times. The issue opened for bidding on 14 February 2025 and it closed on 18 February 2025. The price band of the IPO was set at Rs 160 to Rs 168 per share.

The IPO comprised fresh issue of 45,24,800 equity shares. The company intends to utilize the net proceeds to meet working capital requirements, purchase of additional trailers for the company, repayment or pre-payment, in full or part, of certain borrowing...