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Deccan Transcon Leasing IPO is a book built issue of Rs 65.06 crores. The issue is a combination of fresh issue of 55.24 lakh shares aggregating to Rs 59.66 crores and offer for sale of 5 lakh shares aggregating to Rs 5.40 crores.
Deccan Transcon Leasing IPO opens for subscription on September 13, 2024 and closes on September 18, 2024. The allotment for the Deccan Transcon Leasing IPO is expected to be finalized on Thursday, September 19, 2024. Deccan Transcon Leasing IPO will list on NSE SME with tentative listing date fixed as Monday, September 23, 2024.
Deccan Transcon Leasing IPO price band is set at ₹102 to ₹108 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹129,600. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹259,200.
Unistone Capital Pvt Ltd is the book running lead manager of the Deccan Transcon Leasing IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Deccan Transcon Leasing IPO is Giriraj Stock Broking.
Refer to Deccan Transcon Leasing IPO RHP for detailed information.
| IPO Date | September 13, 2024 to September 18, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹102 to ₹108 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 6,024,000 shares (aggregating up to ₹65.06 Cr) |
| Fresh Issue | 5,524,000 shares (aggregating up to ₹59.66 Cr) |
| Offer for Sale | 500,000 shares of ₹10 (aggregating up to ₹5.40 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,199,448 |
| Share holding post issue | 22,723,448 |
| Market Maker portion | 330,000 shares Giriraj Stock Broking |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Deccan Transcon Leasing IPO opens on September 13, 2024, and closes on September 18, 2024.
| IPO Open Date | Friday, September 13, 2024 |
| IPO Close Date | Wednesday, September 18, 2024 |
| Basis of Allotment | Thursday, September 19, 2024 |
| Initiation of Refunds | Friday, September 20, 2024 |
| Credit of Shares to Demat | Friday, September 20, 2024 |
| Listing Date | Monday, September 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 18, 2024 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹129,600 |
| Retail (Max) | 1 | 1200 | ₹129,600 |
| HNI (Min) | 2 | 2,400 | ₹259,200 |
| Lot Size Calculator | |||
The company's promoters are Jaidev Menon Parath, Karthika Menon, Miriyala Shekhar, Pranav Jaidev and Navaneeth Jaidev.
| Share Holding Pre Issue | 87.17% |
| 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 | |||||||||||||||||||||||||||
| Revenue | 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 Rs 245.41 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 45.03% |
| ROCE | 41.43% |
| Debt/Equity | 0.72 |
| RoNW | 36.69% |
| P/BV | 5.77 |
| PAT Margin (%) | 7.75 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.87 | 5.2 |
| 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:
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.c
Website: https://www.deccantrans.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: deccantranscon.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
SME Company Owners
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Deccan Transcon Leasing IPO is a SME IPO of 6,024,000 equity shares of the face value of ₹10 aggregating up to ₹65.06 Crores. The issue is priced at ₹102 to ₹108 per share. The minimum order quantity is 1200 Shares.
The IPO opens on September 13, 2024, and closes on September 18, 2024.
Link Intime India Private 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 18, 2024.
Deccan Transcon Leasing IPO lot size is 1200 Shares, and the minimum amount required is ₹129,600.
You can apply in Deccan Transcon Leasing IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Deccan Transcon Leasing IPO will be done on Thursday, September 19, 2024, and the allotted shares will be credited to your demat account by Friday, September 20, 2024. Check the Deccan Transcon Leasing IPO allotment status.
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