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Deccan Transcon Leasing IPO is a book build issue of ₹65.06 crores. The issue is a combination of fresh issue of 0.55 crore shares aggregating to ₹59.66 crores and offer for sale of 0.05 crore shares aggregating to ₹5.40 crores.
Deccan Transcon Leasing IPO bidding started from Sep 13, 2024 and ended on Sep 19, 2024. The allotment for Deccan Transcon Leasing IPO was finalized on Sep 20, 2024. The shares got listed on NSE SME on Sep 24, 2024.
Deccan Transcon Leasing IPO price band is set at ₹108.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,22,400 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,59,200.
Unistone Capital Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Deccan Transcon Leasing IPO RHP for detailed Information.
| IPO Date | September 13, 2024 to September 19, 2024 |
| Listing Date | September 24, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹102 to ₹108 per share |
| Issue Price Final | ₹108 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 60,24,000 shares (aggregating up to ₹65.06 Cr) |
| Reserved for Market Maker | 3,30,000 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹3.56 Cr) |
| Fresh Issue (Ex Market Maker) | 51,94,000 shares (aggregating up to ₹56.10 Cr) |
| Offer for Sale | 5,00,000 shares of ₹10 (aggregating up to ₹5.40 Cr) |
| Net Offered to Public | 56,94,000 shares (aggregating up to ₹61.50 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,71,99,448 shares |
| Share Holding Post Issue | 2,27,23,448 shares |
Deccan Transcon Leasing IPO offers total 60,24,000 shares. Out of which 28,46,400 (47.25%) allocated to QIB, 14,46,000 (24.00%) allocated to QIB, 8,54,400 (14.18%) allocated to NII, 19,93,200 (33.09%) allocated to RII and 14,00,400 (23.25%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,30,000 (5.48%) |
| QIB Shares Offered | 28,46,400 (47.25%) |
| − Anchor Investor Shares Offered | 14,00,400 (23.25%) |
| − QIB (Ex. Anchor) Shares Offered | 14,46,000 (24.00%) |
| NII (HNI) Shares Offered | 8,54,400 (14.18%) |
| Retail Shares Offered | 19,93,200 (33.09%) |
| Total Shares Offered | 60,24,000 (100.00%) |
Deccan Transcon Leasing IPO raises ₹15.12 crore from anchor investors. Deccan Transcon Leasing IPO Anchor bid date is September 12, 2024. Deccan Transcon Leasing IPO Anchor Investors list
| Bid Date | September 12, 2024 |
| Shares Offered | 14,00,400 |
| Anchor Portion Size (In Cr.) | 15.12 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 19, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 18, 2024 |
Deccan Transcon Leasing IPO opens on September 13, 2024, and closes on September 19, 2024.
| IPO Open Date | Fri, Sep 13, 2024 |
| IPO Close Date | Thu, Sep 19, 2024 |
| Tentative Allotment | Fri, Sep 20, 2024 |
| Initiation of Refunds | Mon, Sep 23, 2024 |
| Credit of Shares to Demat | Mon, Sep 23, 2024 |
| Tentative Listing Date | Tue, Sep 24, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 19, 2024 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,29,600 |
| Retail (Max) | 1 | 1,200 | ₹1,29,600 |
| HNI (Min) | 2 | 2,400 | ₹2,59,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in February 2007 Deccan Transcon Leasing Limited 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 (NVOCC) services.
As of July 31, 2024, the company had more than 100 customers who had been associated with it for over 3 years. Additionally, the company has served more than 884 customers in the last year.
The company has successfully built a track record of serving over 5,000 customers.
The company's services can be divided into two categories
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. They are responsible for performing all necessary operations and documentation work for cargo movement between the mentioned regions.
Competitive Strengths:
As of July 31, 2024,the company had 84 employees.
Deccan Transcon Leasing Limited's revenue decreased by -15% and profit after tax (PAT) rose by 38% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 7,721.58 | 5,407.72 | 3,924.64 |
| Total Income | 15,363.76 | 18,061.76 | 15,319.4 |
| Profit After Tax | 1,181.89 | 855.7 | 519.1 |
| Net Worth | 3,221.32 | 2,028.26 | 1,207.59 |
| Reserves and Surplus | 1,501.37 | 1,808.26 | 987.59 |
| Total Borrowing | 2,309.55 | 1,775.49 | 989.82 |
| Amount in ₹ Lakhs | |||
The market capitalization of Deccan Transcon Leasing IPO is ₹245.41 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 45.03% |
| ROCE | 41.43% |
| Debt/Equity | 0.72 |
| RoNW | 36.69% |
| PAT Margin | 7.75% |
| Price to Book Value | 5.77 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 6.87 | 5.20 |
| P/E (x) | 15.72 | 20.76 |
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:
[Dilip Davda] The company is engaged in providing logistics solutions with specialization in tank containers. It posted inconsistency in its top lines for the reported periods. Boosted profits for FY24 raise eyebrows and concern over its sustainability as it is operating in a highly competitive segment. Based on FY24 earnings, the issue relatively appears fully priced. Well-informed investors may park funds for medium term. Read detail review...
| Listing Date | September 24, 2024 |
| BSE Script Code | |
| NSE Symbol | DECCANTRAN |
| ISIN | INE0S7C01019 |
| Final Issue Price | ₹108 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹108.00 |
| Open | ₹116.00 |
| Low | ₹110.20 |
| High | ₹117.90 |
| Last Trade | ₹110.25 |
Deccan Transcon Leasing Ltd.
Suite No 507, 5th floor
Image Capital Park, Image Garden Road
Madhapur, Shaikpet, Hyderabad- 500081
Hyderabad, Telangana
Phone: 040-40146828
Email: compliance@deccantrans.c
Website: https://www.deccantrans.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: deccantranscon.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Deccan Transcon Leasing IPO is a SME IPO of 60,24,000 equity shares of the face value of ₹10 aggregating up to ₹65.06 Crores. The issue is priced at ₹108 per share. The minimum order quantity is 1200.
The IPO opens on September 13, 2024, and closes on September 19, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Deccan Transcon Leasing IPO using UPI as a payment gateway. Zerodha customers can apply in Deccan Transcon Leasing IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Deccan Transcon Leasing IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Deccan Transcon Leasing IPO opens on September 13, 2024 and closes on September 19, 2024.
Deccan Transcon Leasing IPO lot size is 1200, and the minimum amount required for application is ₹1,29,600.
You can apply in Deccan Transcon Leasing IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Deccan Transcon Leasing IPO will be done on Friday, September 20, 2024, and the allotted shares will be credited to your demat account by Monday, September 23, 2024. Check the Deccan Transcon Leasing IPO allotment status.
The Deccan Transcon Leasing IPO listing date is on Tuesday, September 24, 2024.
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