Deccan Transcon Leasing IPO: Unlocking the IPO in Detail

1. Deccan Transcon Leasing IPO is a book-built issue of Rs 65.06 crores.
2. This upcoming IPO bidding opens on Sep 13 and closes on Sep 18, 2024.
3. Deccan Transcon Leasing SME IPO price is set at Rs 102 to Rs 108 per share.
4. The minimum investment required is Rs 1,29,600.

Deccan Transcon Leasing IPO: Synopsis

Deccan Transcon Leasing IPO is open for subscription starting Friday, September 13, 2024, and closing on Wednesday, September 18, 2024. This upcoming IPO price is Rs 102 to Rs 108 per share. The minimum lot size set for the retail category is 1200 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2400 shares.

The minimum investment required for retail category investors is Rs 1,29,600 (108 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,59,200 (108 x 2400 shares).

Deccan Transcon Leasing IPO is a book-built issue of Rs 65.06 crores. This upcoming IPO is a mixture of Rs fresh issue and offer-for-sale. The fresh issue is of 55.24 lakh equity shares amounting to Rs 59.66 crores, and the OFS component is of 5 lakh equity shares amounting to Rs 5.40 crores.  

The allotment for this new IPO is expected to be finalised on Thursday, September 19, 2024. Deccan Transcon Leasing IPO will be listed on NSE SME on Monday, September 23, 2024.

Unistone Capital Private Limited is the book-running lead manager, Link Intime India Private Limited is the registrar, and Giriraj Stock Broking is the market maker for this IPO.

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Deccan Transcon Leasing IPO: About the Company

Deccan Transcon Leasing Limited was incorporated in 2007 and offers tank containers on lease and logistic and supply chain solutions to clients in various sectors. The company offers comprehensive freight and shipping solutions, including domestic tank container logistics, tank fleet management, customs clearance and transportation, and Non-Vessel Operating Common Carriers services.

The company mainly serves customers in industries such as chemicals, pharmaceuticals, FMCG, agriculture, and others, with a focus on specialty chemicals and petrochemicals in 40 countries. The company has agencies located in regions such as Europe, Asia, Oceania, South America, Africa, and the USA. These agencies handle logistics operations under an agency relationship for both inbound and outbound cargo movement.

Deccan Transcon Leasing IPO: Objectives

The net funds received from this initial public offer will be allocated to fund the capital expenditure needed for the procurement of the tank counters. The remaining money will be used for the funding of the day-to-day capital needs of the company and meeting general corporate purposes.

Deccan Transcon Leasing IPO: Other Important Details

Time-Table of Deccan Transcon Leasing IPO

Deccan Transcon Leasing IPO: Financial Metrics (Amt in Rs Lakhs)

Deccan Transcon Leasing posted revenue of Rs 15,363.76 lakhs and net profit of Rs 1,181.89 lakhs for the period ending on 31 Mar 2024. The company’s revenue decreased by -15% and net profit increased by 38% between the FY ending on 31 Mar 2024 and 31 Mar 2023.

Minimum Investment: Lot Size Details

Promoters of Deccan Transcon Leasing Limited and Their Holdings

The promoters of Deccan Transcon Leasing are Jaidev Menon Parath, Karthika Menon, Miriyala Shekhar, Pranav Jaidev and Navaneeth Jaidev. The promoters' shareholdings before the IPO were 87.17%; however, after the IPO, shareholdings after IPO are not yet available.

Deccan Transcon Leasing : Strength of Company

1. Deccan Transcon Leasing provides latest solutions in logistics technology, such as advanced tracking systems, placing service orders, digital platforms for customer interaction and transaction processing.
2. The company has a global presence and can offer its 129 services to clients across various continents and economic regions.
3. Deccan Transcon Leasing provides end-to-end logistics services.

FAQs

1. What are the details of the Deccan Transcon Leasing IPO?

Deccan Transcon Leasing IPO is a book-built issue of Rs 65.06 crores. This upcoming IPO is a mixture of Rs fresh issue and offer-for-sale. The fresh issue is of 55.24 lakh equity shares amounting to Rs 59.66 crores and OFS component is of 5 lakhs equity shares amounting to Rs 5.40 crores..

2. Who are the lead managers for the Deccan Transcon Leasing IPO?

Unistone Capital Private Limited is appointed as the book-running lead manager for the IPO.

3. What is the role of Link Intime India in this IPO?

Link Intime India Private Limited is the registrar for Deccan Transcon Leasing Limited, handling the IPO's administrative aspects.

4. How can I apply for the Deccan Transcon Leasing IPO?

The public subscription of this new IPO will open on September 13, 2024. Click here to initiate the application process.

5. How will the net proceeds from the IPO be utilised?

The net funds received from this initial public offer will be allocated to fund the capital expenditure needed for the procurement of the tank counters. The remaining money will be used for the funding of the day-to-day capital needs of the company and meeting general corporate purposes.

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Deccan Transcon Leasing Limited IPO by visiting here. For further updates follow Bigul.

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