Deccan Transcon Leasing IPO
GMP, Subscription, Price, Dates & Financial Details
Deccan Transcon Leasing Limited 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…
Open Date
Fri, 13 Sep 2024
Close Date
Thu, 19 Sep 2024
Price Band
₹ 102 – 108
Lot Size
1200
Issue Size
₹ 65.06 Cr
Minimum Investment
₹ 259,200 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Deccan Transcon Leasing IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹65.06 Crore, comprising a fresh issue of 55.24 Lakh equity shares aggregating to ₹59.66 Crore and an offer for sale (OFS) of 5.00 Lakh equity shares aggregating to ₹5.40 Crore by the existing shareholders.
The Deccan Transcon Leasing IPO remained open for subscription from September 13, 2024, to September 19, 2024. The basis of allotment was finalized on September 20, 2024, and the company's shares were listed on NSE SME Platform on September 24, 2024.
The company had fixed the price band at ₹102 to ₹108 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹259,200 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Unistone Capital Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Deccan Transcon Leasing Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Deccan Transcon Leasing IPO Timeline (Tentative)
- IPO Open Date
- Fri, 13 Sep 24
- IPO Close Date
- Thu, 19 Sep 24
- Basis of Allotment
- Fri, 20 Sep 24
- Initiation of Refunds
- Mon, 23 Sep 24
- Credit of Shares to Demat
- Mon, 23 Sep 24
- Listing Date
- Tue, 24 Sep 24 — NSE & BSE
Open Date
13 September 2024
Close Date
19 September 2024
Basis Of Allotment
20 September 2024
Listing Date
24 September 2024
IPO Subscription
Check Live Subscription →The Deccan Transcon Leasing IPO has received bids for 44,35,88,400 shares against 42,93,600 shares offered, resulting in an overall subscription of 103.31x. the NII category is subscribed 148.38x, Retail Investors 128.46x, and QIBs 42.07x.
QIB
42.07x
NII
148.38x
RII
128.46x
Total
103.31x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 19,92,900 shares, representing 33.08% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 14,46,600 shares (24.01%), while Non-Institutional Investors (NIIs) receive 8,54,100 shares (14.18%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 1,400,400 | 23.25% |
| Market Maker | 330,000 | 5.48% |
| Qualified Institutions | 1,446,600 | 24.01% |
| Non-Institutional | 854,100 | 14.18% |
| Retail Investors | 1,992,900 | 33.08% |
| Total | 6,024,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 7721.58 | 5407.72 | 3924.64 |
| Revenue | 15363.76 | 18061.76 | 15319.4 |
| Profit After Tax | 1181.89 | 855.7 | 519.1 |
| Net Worth | 3221.32 | 2028.26 | 1207.59 |
| Reserve & Surplus | 1501.37 | 1808.26 | 987.59 |
| Total Borrowings | 2309.55 | 1775.49 | 989.82 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Deccan Transcon Leasing Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 45.03 |
| ROCE % | 41.43 |
| Debt / Equity | 0.72 |
| RoNW % | 36.69 |
| PbW | 5.77 |
| Pat Margin % | 7.75 |
Peers Comparison
No Peer Comparision Available
About Deccan Transcon Leasing Limited
Deccan Transcon Leasing Limited 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 Limited specializes in the transportation of bulk liquids and hazardous chemicals, primarily using tank containers. As of 31 July 2024, over 100 customers have been associated with the company for more than 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.
Deccan Transcon Leasing IPO Promoters
The company's promoters are
- Jaidev Menon Parath
- Karthika Menon
- Miriyala Shekhar
- Pranav Jaidev and
- Navaneeth Jaidev.
Promoters Holding
Holding Pre Issue
87.17%
Holding Post Issue
0.00%
Deccan Transcon Leasing IPO Objective
The Company proposes to utilize the net proceeds from the Offer towards funding the following objects and achieve the benefits of listing on the NSE Emerge platform of the National Stock Exchange of India Limited:
- Funding capital expenditure requirements towards procurement of Tank Containers.
- Funding working capital requirements of the Company; and
- General corporate purposes
Deccan Transcon Leasing Limited Address / Contact Details
Deccan Transcon Leasing Limited
Suite No 507, 5th floor
Image Capital Park, Image Garden Road
Madhapur, Shaikpet, Hyderabad- 500081
Phone: 040-40146828
Email: compliance@deccantrans.com
Website: https://www.deccantrans.com
IPO Snapshot
Deccan Transcon Leasing IPO Lot Size
The Deccan Transcon Leasing IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹1,29,600 by applying for 1 lot (1,200 shares). The maximum application allowed for the retail category is 1 lots (1,200 shares), requiring an investment of ₹1,29,600.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | 129,600.00 |
| Retail (Max) | 1 | 1,200 | 129,600.00 |
| S-HNI (Min) | 2 | 2,400 | 259,200.00 |
Issue Reservation
- Anchor Investors — 23.25%
- Market Maker — 5.48%
- QIB — 24.01%
- NII — 14.18%
- RII — 33.08%
Book Running Lead Managers
- Unistone Capital Pvt Ltd
IPO Documents & Links
Explore More IPOs
Currently Open
Coming Up Next
Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Deccan Transcon Leasing IPO?
Deccan Transcon Leasing IPO is a Book-building IPO with a total issue size of ₹65.06 crore. The Deccan Transcon Leasing IPO price band is ₹102 to 108 per share. The Deccan Transcon Leasing IPO subscription opens on Fri, Sep 13, 2024, and closes on Thu, Sep 19, 2024. The Deccan Transcon Leasing IPO will be listed on the NSE. MUFG Intime India Private Limited is the registrar for the Deccan Transcon Leasing IPO.
When will the Deccan Transcon Leasing IPO open for subscription?
The Deccan Transcon Leasing IPO opens on Fri, Sep 13, 2024 and closes on Thu, Sep 19, 2024
What is Deccan Transcon Leasing IPO Price Band?
Deccan Transcon Leasing IPO Price Band is ₹102 to 108 per share.
What is Deccan Transcon Leasing IPO Lot Size?
Deccan Transcon Leasing IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹259200 based on the upper price band
What is the minimum investment for Deccan Transcon Leasing IPO?
The minimum investment for Deccan Transcon Leasing IPO is ₹259200, based on one lot of 1200 shares at the upper price band of ₹108 per share.
How to apply for Deccan Transcon Leasing IPO?
Investors can apply for the Deccan Transcon Leasing IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Sep 19, 2024. The application amount remains blocked until the Deccan Transcon Leasing IPO allotment is finalized.
What is Deccan Transcon Leasing IPO Issue Size?
Deccan Transcon Leasing IPO issue size is ₹65.06 crores.
What is the Deccan Transcon Leasing IPO Allotment Date?
Deccan Transcon Leasing IPO allotment date is Fri, Sep 20, 2024.
Who is the Deccan Transcon Leasing IPO Registrar?
The registrar for Deccan Transcon Leasing IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Deccan Transcon Leasing IPO allotment status, refund processing, and other IPO-related information.
What is the Deccan Transcon Leasing IPO GMP?
The Deccan Transcon Leasing IPO GMP (Grey Market Premium) is ₹0 as of Tue, Sep 24, 2024. Based on the upper price band of ₹108 per share, the estimated Deccan Transcon Leasing IPO listing price is ₹108, indicating a potential listing gain of approximately 0.00% over the issue price.
Who is the Deccan Transcon Leasing IPO Lead Manager?
The book-running lead managers (BRLMs) for the Deccan Transcon Leasing IPO are Unistone Capital Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Deccan Transcon Leasing IPO Red Herring Prospectus (RHP).