The Deccan Transcon Leasing IPO is set to open on September 13, 2024, and will close on September 18, 2024. Specifically, this Book Built Issue aims to raise approximately ₹65.06 crores. It comprises a fresh issue of 59.66 crores, along with an offer for sale of up to 500,000 equity shares, each with a face value of ₹10.
Table of contents
- Deccan Transcon Leasing IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Deccan Transcon Leasing IPO GMP (Grey Market Premium)
- Deccan Transcon Leasing IPO Application Form PDF
- Deccan Transcon Leasing IPO Subscription Status
- Deccan Transcon Leasing IPO Allotment Status
- IPO Review
- Deccan Transcon Leasing IPO Registrar
- Deccan Transcon Leasing IPO Lead Manager
- Deccan Transcon Leasing Limited Contact
- FAQ
Deccan Transcon Leasing IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Deccan Transcon Leasing Limited |
| Industry | Supporting and Auxiliary Transport Activities |
| IPO Issue Type | Book Built Issue |
| Open Date | September 13, 2024 |
| Close Date | September 18, 2024 |
| Total Issue Size | ₹65.06 Crores(6,024,000 Equity Shares) |
| Fresh Issue | ₹59.66 Crores(5,524,000 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹102 to ₹108 Per Share |
| Listing on | NSE SME |
| Lot Size | 1200 Shares |
| Offer for Sale | ₹5.40 Crores(500,000 Equity Shares) |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
Incorporated in February 2007, Deccan Transcon Leasing Limited specializes in leasing tank containers and providing logistics and supply chain solutions across various sectors.
Additionally, the company offers a range of freight and shipping services, including domestic tank container logistics, tank fleet management, customs clearance, and Non-Vessel Operating Common Carriers (NVOCC) services. Originally established as ‘Libenil Logistics Private Limited,’ Deccan Transcon is renowned for transporting bulk liquids and hazardous chemicals using tank containers.
Furthermore, the company has expanded its network to over 40 countries globally and has achieved a turnover exceeding ₹150 crores. Employing a skilled team of over 84 professionals, Deccan Transcon also operates a subsidiary, Deccan Shipping & Logistics SND. BHD, and an associate company, King Star Freight Private Limited, in which it holds a 47.50% stake. As of July 2024, the company has successfully served over 884 customers.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 13, 2024 |
| IPO Close Date | September 18, 2024 |
| Basis of Allotment | September 19, 2024 |
| Refunds | September 20, 2024 |
| Credit to Demat Account | September 20, 2024 |
| IPO Listing Date | September 23, 2024 |
Financials (₹ in Crores)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹77.21 | ₹54.07 | ₹39.24 |
| Revenue | ₹153.63 | ₹180.61 | ₹153.19 |
| Profit After Tax | ₹11.81 | ₹8.55 | ₹5.19 |
| Net Worth | ₹32.21 | ₹20.28 | ₹12.07 |
| Reserves and Surplus | ₹15.01 | ₹18.08 | ₹9.87 |
| Total Borrowing | ₹23.09 | ₹17.75 | ₹9.89 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,29,600 |
| Retail (Max) | 1 | 1200 | ₹1,29,600 |
| HNI (Min) | 2 | 2400 | ₹2,59,200 |
The objective of the Issue
- Firstly, they will cover capital expenditure requirements for the procurement of tank containers.
- Additionally, the funds will support the company’s working capital needs.
- Moreover, a portion of the funds will be used for general corporate purposes.
Company Promoters
- Mr. Jaidev Menon Parath
- Mrs. Karthika Menon
- Mrs. Miriyala Shekhar
- Mr. Pranav Jaidev
- Mr. Navaneeth Jaidev.
Deccan Transcon Leasing IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the Deccan Transcon Leasing IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Deccan Transcon Leasing Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Deccan Transcon Leasing IPO Application Form PDF
To download the Deccan Transcon Leasing IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Deccan Transcon Leasing IPO Subscription Status
This IPO subscription kicks off on September 13, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Deccan Transcon Leasing IPO Allotment Status
To check the Deccan Transcon Leasing IPO allotment status go to the IPO registrar website Linkintime or go to IPO Allotment.
To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- Deccan Transcon Leasing Limited has a strong reputation for its expertise in leasing tank containers and providing logistics solutions, particularly for bulk liquids and hazardous chemicals.
- The company offers a comprehensive range of services, including domestic tank container logistics, tank fleet management, customs clearance, and Non-Vessel Operating Common Carriers (NVOCC) services, thus providing a one-stop solution for clients.
- With its network expanded to over 40 countries, Deccan Transcon enhances its market presence and ability to serve international clients.
- The company demonstrates solid financial stability and growth, evidenced by a turnover exceeding ₹150 crores and a substantial client base.
- Additionally, the company benefits from a skilled workforce of over 84 professionals and strategic partnerships through its subsidiary, Deccan Shipping & Logistics SND. BHD, and its 47.50% stake in King Star Freight Private Limited.
Risks:
- However, the company faces risks due to market volatility, which could impact demand for tank container leasing and logistics services.
- Operational challenges may arise from managing a global network and maintaining high standards in tank fleet management and logistics, potentially leading to disruptions and increased costs.
- The company’s financial performance is subject to its ability to effectively manage working capital and secure funding for capital expenditures.
- Regulatory risks also exist, as compliance with international regulations and customs requirements can be complex and subject to change.
- Finally, the highly competitive logistics industry presents challenges from established players and new entrants.
Deccan Transcon Leasing IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 81081 149499
Email: ecorentacar.ipo@linkintime.co.in
Website: www.linkintime.co.in
Deccan Transcon Leasing IPO Lead Manager
UNISTONE CAPITAL PRIVATE LIMITED
A/305, Dynasty Business Park, Andheri Kurla Road,
Andheri East, Mumbai 400059, Maharashtra
Phone:022 4604 6494
Email: mb@unistonecapital.com
Website: www.unistonecapital.com
Deccan Transcon Leasing Limited Contact
DECCAN TRANSCON LEASING LIMITED
Suite No 507, 5th floor, Image Capital Park,
Image Garden Road, Madhapur, Shaikpet,
Hyderabad- 500081, Telangana
Phone: 040-40146828
E-mail: compliance@deccantrans.com
Website: www.deccantrans.com
FAQ
The IPO is scheduled to open on September 13, 2024, for QIB, NII, and Retail Investors, and it will close on September 18, 2024.
Specifically, the investors’ portion is allocated as follows: 50% for QIB, 15% for NII, and 35% for Retail Investors.
You can apply for the Deccan Transcon IPO via ASBA online through your bank account. Alternatively, you may apply online via UPI through your stock brokers. Additionally, you can submit an offline application form through your stock brokers.
The allotment date for the Deccan Transcon IPO is September 19, 2024.
The listing date for the Deccan Transcon IPO is September 23, 2024, and it will be listed on the NSE.
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