Bookbuilding IPO | ₹65 Cr | Listed at NSE SME | Fri, Sep 13, 2024 - Thu, Sep 19, 2024
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 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,29,600 (1200 shares) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Sep 13, 2024
IPO Close
Thu, Sep 19, 2024
Issue Price
₹108 per share
Market Cap (Pre-IPO)
₹245.41 Cr
| IPO Date | 13 to 19 Sep, 2024 |
| Listed on | Tue, Sep 24, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹102 to ₹108 |
| Issue Price | ₹108 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 60,24,000 shares (agg. up to ₹65 Cr) |
| Reserved for Market Maker | 3,30,000 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹4 Cr) |
| Fresh Issue (Ex Market Maker) | 51,94,000 shares (agg. up to ₹56 Cr) |
| Offer for Sale | 5,00,000 shares of ₹10 (agg. up to ₹5 Cr) |
| Net Offered to Public | 56,94,000 shares (agg. up to ₹61 Cr) |
| Share Holding Pre Issue | 1,71,99,448 shares |
| Share Holding Post Issue | 2,27,23,448 shares |
| NSE Symbol | DECCANTRAN |
| ISIN | INE0S7C01019 |
Deccan Transcon Leasing IPO comprises a total issue size of 60,24,000 shares. The net offer to the public is 56,94,000 shares, after excluding 3,30,000 shares allotted on a firm basis. Of the Net offer 28,46,400 (49.99%) are allocated to QIB, 8,54,400 (15.01%) allocated to NII 19,93,200 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 28,46,400 | 49.99% | 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 | 15.01% | 14.18% |
| Retail Shares Offered | 19,93,200 | 35.01% | 33.09% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,30,000 | 5.48% | |
| Total Shares Offered | 60,24,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
Deccan Transcon Leasing IPO raises ₹15.12 crore from anchor investors. Deccan Transcon Leasing IPO Anchor bid date is September 12, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Sep 12, 2024 |
| Shares Offered | 14,00,400 |
| Anchor Portion (₹ Cr.) | 15.12 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Oct 19, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Dec 18, 2024 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 77.22 | 54.08 | 39.25 |
| Total Income | 153.64 | 180.62 | 153.19 |
| Profit After Tax | 11.82 | 8.56 | 5.19 |
| NET Worth | 32.21 | 20.28 | 12.08 |
| Reserves and Surplus | 15.01 | 18.08 | 9.88 |
| Total Borrowing | 23.10 | 17.75 | 9.90 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirements towards procurement of Tank Containers. | 27.75 |
| 2 | Funding working capital requirements of the Company; and | 11.50 |
| 3 | General corporate purposes; and | 12.59 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 6.87 | 5.20 |
| P/E (x) | 15.72 | 20.76 |
| Promoter Holding | 87.17% | 64.13% |
| Market Cap | ₹245.41 Cr. |
The Deccan Transcon Leasing IPO is subscribed 102.6 times on September 19, 2024 6:16:00 PM (Day 5). The public issue subscribed 127.18 times in the retail category, 42.07 times in the QIB category, and 147.76 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 42.07 | 14,46,600 | 6,08,53,200 |
| NII* | 147.76 | 8,54,100 | 12,62,00,400 |
| Retail | 127.18 | 19,92,900 | 25,34,62,800 |
| Total | 102.6 | 42,93,600 | 44,05,16,400 |
Total Application : 2,11,219
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Underwriting commission, brokerage and selling commission (including Commission/ processing fees for SCSBs, Sponsor Bank, Members of the Syndicate, Registered Brokers, RTAs and CDPs(2)(3) etc.) | 7.59 |
| 2 | Offer relating expenses such as fees to Book Running Lead Manager Fixed Fee, Registrar to the Offer Legal Advisors, Auditors, Paper Advertisements and other expenses incurred/ to be incurred including promotional expenses | 0.74 |
| 3 | Listing fees, Stock Exchange processing/ listing fees, software fees, Depositories’ fees, other regulatory expenses and sundry expenses | 0.21 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹108.00 |
| Open | ₹116.00 |
| Low | ₹110.20 |
| High | ₹117.90 |
| Last Trade | ₹110.25 |
Lead Manager Reports
Deccan Transcon Leasing IPO is a SME IPO of 60,24,000 equity shares of the face value of ₹10 aggregating up to ₹65 Crores. The issue is priced at ₹108 per share. The minimum order quantity is 1200.
The IPO opens on Fri, Sep 13, 2024, and closes on Thu, Sep 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 Fri, Sep 13, 2024 and closes on Thu, Sep 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 Mon, Sep 23, 2024. Check the Deccan Transcon Leasing IPO allotment status.
The Deccan Transcon Leasing IPO listing date is on Tue, Sep 24, 2024.
