Deccan Transcon IPO subscription status started on September 13, 2024, and closed on September 19, 2024. The company aims to raise approximately ₹65.06 crore via this IPO. The retail quota is 35%, NII 15% and QIB is 50%. The price band is fixed at ₹102 to ₹108 per equity share.
The IPO consists of a minimum market lot of 1200 Shares requiring an application amount of ₹1,29,600. Deccan Transcon Leasing is a SME IPO that will be listed on the NSE.
Also read: Deccan Transcon Leasing IPO: Dates, Pricing and Allotment 2024
Table of contents
IPO Overview
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.
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We advise investors to consider applying for an IPO with a long-term perspective. It’s also important to review the QIB, NII, and Retail subscription figures before making an investment decision.
Deccan Transcon Leasing IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 | Day 4 | Day 5 |
|---|---|---|---|---|---|
| QIB | 2.97 | 2.97 | 2.97 | 2.97 | 42.07 |
| NII | 3.88 | 7.88 | 21.83 | 31.93 | 147.76 |
| RII | 4.74 | 19.26 | 49.36 | 69.19 | 127.18 |
| Total | 3.97 | 115.1 | 28.26 | 39.47 | 102.60 |
Deccan Transcon Leasing IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
- Non-Institutional Investors (NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
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Deccan Transcon Leasing IPO Form
To apply for the Deccan Transcon Leasing IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription starts on September 13, 2024, for NII, QIB, and Retail Investors.
You can apply through ASBA and non-ASBA options via your bank account, broker, or UPI app.
Visit our portal for live IPO subscription numbers updated hourly. Live data is also available on the official IPO page.
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