Deccan Transcon Leasing IPO will open for subscription from 13 September 2024. The company aims for an issue size of ₹65.06 Cr through this IPO.
Company Overview
| Full name | Deccan Transcon Leasing Limited |
| Sector | Logistics |
| Industry | Shipping |
| Company Website | https://www.deccantrans.com/ |
About Company
Deccan Transcon Leasing offers comprehensive freight and shipping solutions, including domestic logistics for tank containers, tank fleet management, customs clearance, transportation, and Non-Vessel Operating Common Carrier (NVOCC) services. The company primarily focuses on leasing tank containers and providing logistics and supply chain solutions to clients across various sectors.
Deccan Transcon Leasing specializes in transporting bulk liquids and hazardous chemicals, primarily using tank containers. As of 31 July 2024, over 100 customers have been associated with the company for over three years. In the past year, the company has served more than 884 customers. As of 31 May 2024, the company’s fleet consists of over 2,500 tank containers and 750 TEUs of box containers. The company is supported by a team of more than 84 skilled professionals.
The Objectives of the Issue
- Funding capital expenditure requirements towards procurement of Tank Containers.
- Funding working capital requirements of the Company; and
- General corporate purposes
Deccan Transcon Leasing IPO Timetable
| IPO Opening date | 13 September 2024 |
| IPO Closing | 19 September 2024 |
| Basis of Allotment | 20 September 2024 |
| Initiation Refund | 23 September 2024 |
| Credit to Demat Account | 23 September 2024 |
| Listing Date | 24 September 2024 |
Deccan Transcon Leasing IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹65.06 Cr – 6,024,000 shares |
| Fresh Issue | ₹59.66 Cr – 5,524,000 shares |
| Offer for sale | ₹5.40 Cr – 500,000 shares |
| Face value | ₹10 per share |
| Price Band | ₹102 to ₹108 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 330,000 shares |
| Shareholding pre-issue | 17,199,448 |
| Shareholding post-issue | 22,723,448 |
| Listing Exchange | NSE SME |
Deccan Transcon Leasing Offer Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹129,600 |
| Retail (Max) | 1 | 1200 | ₹129,600 |
| HNI (Min) | 2 | 2,400 | ₹259,200 |
Deccan Transcon Leasing Offer Documents
Deccan Transcon Leasing IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 14,00,400 (23.25%) |
| Market Maker Shares Offered | 3,30,000 (5.48%) |
| QIB Shares Offered | 14,46,600 (24.01%) |
| NII (HNI) Shares Offered | 8,54,100 (14.18%) |
| Retail Shares Offered | 19,92,900 (33.08%) |
| Total Shares Offered | 60,24,000 (100%) |
Deccan Transcon Leasing Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 152.90 | 179.60 | 152.56 |
| Expenses | 146.69 | 171.19 | 139.51 |
| Net income | 5.19 | 8.56 | 11.82 |
Deccan Transcon Leasing Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 3.08 | 5.07 | 6.87 |
| PE ratio | – | – | 14.85 – 15.72 |
| RONW (%) | 42.99 | 42.19 | 36.69 |
| NAV | 7.16 | 12.03 | 18.73 |
| ROCE (%) | 40.26 | 43.22 | 41.43 |
| EBITDA (%) | 5.76 | 7.13 | 12.47 |
| Debt/Equity | 0.82 | 0.88 | 0.72 |
Company Promoters
- Jaidev Menon Parath
- Karthika Menon
- Miriyala Shekhar
- Pranav Jaidev
- Navaneeth Jaidev
Promoter Holding
| Pre Issue Share Holding | 87.147% |
| Post Issue Share Holding |
Deccan Transcon Leasing Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 23 September 2024 | 54 | – | 50,000 |
| 21 September 2024 | 54 | – | 50,000 |
| 20 September 2024 | 54 | – | 50,000 |
| 19 September 2024 | 54 | – | 50,000 |
| 18 September 2024 | 54 | – | 50,000 |
| 17 September 2024 | 52 | – | 48,000 |
| 16 September 2024 | 48 | – | 45,500 |
| 14 September 2024 | 42 | – | 40,000 |
| 13 September 2024 | 27 | – | 26,000 |
| 12 September 2024 | 20 | – | 25,000 |
Deccan Transcon Leasing IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 14,46,000 | 8,54,400 | 19,93,200 | 42,93,600 |
| 19 Sep 2024 | 42.08 | 147.82 | 125.41 | 101.81 |
| 18 Sep 2024 | 2.97 | 35.64 | 76.40 | 43.56 |
| 17 Sep 2024 | 2.97 | 22.05 | 48.73 | 28.01 |
| 16 Sep 2024 | 2.97 | 10.90 | 25.50 | 15.01 |
| 13 Sep 2024 | 2.97 | 3.84 | 4.56 | 3.88 |
Deccan Transcon Leasing IPO Allotment Status
Deccan Transcon IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Deccan Transcon Leasing IPO Listing Details
| Listing Date | 24 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Deccan Transcon Leasing IPO Lead Manager(s)
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 Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: deccantranscon.ipo@linkintime.co.in
Website: www.linkintime.co.in
Deccan Transcon Leasing Contact Details
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
Deccan Transcon Leasing IPO FAQs
What is Deccan Transcon’s offer size?
Deccan Transcon’s offer size is ₹ 61.44 – 65.06 crores.
What is the Deccan Transcon IPO price band?
Deccan Transcon’s public offer price is ₹ 102 – 108 per share.
What is the lot size of Deccan Transcon Offer?
Deccan Transcon offer lot size is 1,200 shares.
What is Deccan Transcon Offer GMP today?
Deccan Transcon IPO GMP today is ₹ 54 per share.
What is the Deccan Transcon kostak rate today?
Deccan Transcon kostak rate today is ₹ NA per application.
What is Deccan Transcon Subject to Sauda rate today?
Deccan Transcon is Subject to Sauda rate today is ₹ 50,000 per application.
Final thoughts
Deccan Transcon Leasing IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
