Issue Price
₹102- ₹108
per equity share
Issue Size
46.24 lakhs
equity share
Face Value
₹ 10
per equity share
Market Lot
1200
equity share
Please note
Listing at NSE
Deccan Transcon Leasing Limited
Important Dates
IPO Open Date
13 Sep 2024
IPO Close Date
19 Sep 2024
Allotment Date
20 Sep 2024
Initiation of Refunds
23 Sep 2024
Credit of Shares to Demat Account
23 Sep 2024
IPO Listing Date
24 Sep 2024
UPI Mandate Expiry Date
19 Sep 2024
IPO Details
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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Check Allotment StatusAbout Deccan Transcon Leasing Limited
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.
Parent Organisation
-
Founded
2007
Managing Director
Jaidev Menon Parath, Karthika Menon, Miriyala Shekhar, Pranav Jaidev and Navaneeth Jaidev
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.
How to apply for IPO
- Login to your Bigul account and select the issue in the current IPO section
- Enter the number of lots and price at which you wish to apply for
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
- You will receive a mandate notification to block funds in your UPI app
- Approve the mandate request on your UPI and funds will be blocked
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PAN Card | Aadhaar Card | Bank Account Number
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