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 |
