Deccan Transcon Leasing Limited IPO

NiftyTrader • September 12, 2024

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Deccan Transcon Leasing Limited IPO

Deccan Transcon Leasing Limited IPO opens on September 13, 2024, and closes on September 18, 2024. The allotment for the Deccan Transcon Leasing Limited IPO is anticipated to be completed on Thursday, September 19, 2024. The IPO will be tentatively listed on the NSE and SME on Monday, September 23, 2024.

Deccan Transcon Leasing Limited IPO’s price band is Rs 102 to Rs 108 per share. The IPO is a book-built issue of Rs 65.06 crores. The problem is a combination of fresh issue of 55.24 lakh shares.

Deccan Transcon Leasing IPO Details

IPO Date	September 13, 2024 to September 18, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹102 to ₹108 per share
Lot Size	1200 Shares
Total Issue Size	6,024,000 shares (aggregating up to ₹65.06 Cr)
Fresh Issue	5,524,000 shares (aggregating up to ₹59.66 Cr)
Offer for Sale	500,000 shares of ₹10 (aggregating up to ₹5.40 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Shareholding pre-issue	17,199,448
Shareholding post-issue	22,723,448
Market Maker portion	330,000 shares

Deccan Transcon Leasing IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	1200	₹129,600
Retail (Max)	1	1200	₹129,600
S-HNI (Min)	2	2400	₹259,200

Deccan Transcon Leasing IPO Objectives

The Company proposes to utilize the net proceeds from the Offer towards funding the following objects and achieve the benefits of listing on the NSE Emerge platform of the National Stock Exchange of India Limited:

Funding capital expenditure requirements towards procurement of Tank Containers.
Funding working capital requirements of the Company; and
General Corporate Expenses

About Deccan Transcon Leasing Limited

Incorporated in February 2007, Deccan Transcon Leasing Limited specializes in tank container leasing and comprehensive logistics and supply chain solutions. The company provides domestic and international tank container logistics, fleet management, customs clearance, and NVOCC services, with a focus on specialty chemicals and petrochemicals. Serving over 5,000 customers globally, including industries like chemicals, pharmaceuticals, and FMCG, Deccan Transcon operates through agencies in Europe, Asia, Oceania, South America, Africa, and the USA. Known for its large, long-term customer base and advanced logistics technology, the company employs 84 people as of July 31, 2024.

Deccan Transcon Leasing Limited Financial Information

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	7,721.58	5,407.72	3,924.64
Revenue	15,363.76	18,061.76	15,319.4
Profit After Tax	1,181.89	855.7	519.1
Net Worth	3,221.32	2,028.26	1,207.59
Reserves and Surplus	1,501.37	1,808.26	987.59
Total Borrowing	2,309.55	1,775.49	989.82
			Amount in ₹ Lakhs

Deccan Transcon Leasing IPO Reservation

Investor Category	Shares Offered
Retail Shares Offered	Not less than 35.00% of the Net Issue
QIB Shares Offered	Not more than 50.00% of the Net offer
NII (HNI) Shares Offered	Not less than 15.00% of the Net Issue

Deccan Transcon Leasing IPO Timeline

Deccan Transcon Leasing IPO opens on September 13, 2024, and closes on September 18, 2024.

IPO Open Date	Friday, September 13, 2024
IPO Close Date	Wednesday, September 18, 2024
Basis of Allotment	Thursday, September 19, 2024
Initiation of Refunds	Friday, September 20, 2024
A credit of Shares to Demat	Friday, September 20, 2024
Listing Date	Monday, September 23, 2024
Cut-off time for UPI mandate confirmation	5 PM on September 18, 2024