Deccan Transcon Leasing IPO Details
The Deccan Transcon Leasing IPO is a book build issue with a total issue size of ₹65.06 cr, comprising of fresh issue of 5524000 equity shares., and a offer for sale of 500000 equity shares. Deccan Transcon Leasing IPO opened for subscription on Sep 13, 2024 and closed on Sep 19, 2024. Deccan Transcon Leasing IPO is set price band at ₹102 to ₹108 per share, with a lot size of 1200 shares. Minimum investment for Retail investors was ₹259,200.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 20, 2024, and listed on the NSE on Sep 24, 2024.
MUFG Intime India Private Limited has been appointed as the registrar. Unistone Capital Pvt Ltd are the Book Running Lead Manager for the issue.
Before investing in the Deccan Transcon Leasing IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 102 – 108
- Lot Size
- 1200
- Issue Size
- ₹65.06 Cr
- Minimum Investment
- ₹259200 (2400 Shares)
- Listing Date
- 24 September 2024
Current GMP
₹0 (0.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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
Address / Contact Info
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
Book Running Lead Managers
- Unistone Capital Pvt Ltd
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an 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.
The Deccan Transcon Leasing IPO opens on Fri, Sep 13, 2024 and closes on Thu, Sep 19, 2024
Deccan Transcon Leasing IPO Price Band is ₹102 to 108 per share.
Deccan Transcon Leasing IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹259200 based on the upper price band
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.
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.
Deccan Transcon Leasing IPO issue size is ₹65.06 crores.
Deccan Transcon Leasing IPO allotment date is Wed, Jul 1, 2026.
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.
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% over the issue price.