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Deccan Transcon Leasing Limited

SME

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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About 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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