SME · NSESubscribed: 102.47×GMP ₹55
Deccan Transcon Leasing Limited

Deccan Transcon Leasing Limited

Deccan Transcon Leasing Limited(DECCANTRAN)

Total Shares

60,24,000

Issue Size

₹65.06 Cr

Price Band

102 – ₹108

Lot Size

1200 shares

Min. Investment

1,29,600

Max. Investment

1,29,600

Open Date

13 Sep, 2024

Close Date

19 Sep, 2024

Allotment

20 Sep, 2024

Listing

24 Sep, 2024

Announced

13 Sep, 2024

Opening Date

13 Sep, 2024

Closing Date

19 Sep, 2024

Basis of Allotment

20 Sep, 2024

Initiation of Refunds

23 Sep, 2024

Credit of Shares

23 Sep, 2024

Listing Date

24 Sep, 2024

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About Deccan Transcon Leasing Limited IPO

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 wi

Deccan Transcon Leasing Limited IPO Share Price and Issue Size

Issue Breakdown

Total Issue60,24,000 shares₹65.06 Cr
Fresh Issue55,24,000 shares₹59.66 Cr
Offer for Sale5,00,000 shares₹5.40 Cr

Shareholding

Pre-Issue1,71,99,448
Post-Issue2,27,23,448

Dilution: 32.1% increase in shares

Deccan Transcon Leasing Limited IPO Financials Health

Deccan Transcon Leasing Limited IPO Lot Size

ApplicationLotsSharesAmount
Retail Minimum112001,29,600
Retail Maximum112001,29,600
HNI Minimum224002,59,200

(All values in CR)

Deccan Transcon Leasing Limited IPO Valuation

MetricValue
Debt/Equity0.72
PAT Margin (%)7.75
ROCE41.43%
ROE45.03%
RoNW36.69%

(All values in CR)

Strength & Risk of Deccan Transcon Leasing Limited IPO

+Strengths

1. Long standing business track record.

2. Long-standing customer relationships.

3. Strong knowledge and expertise of our promoters.

4. Global coverage through network of agents.

5. Ability to provide end-to-end logistic solutions.

!Risks

1. The Presence of term Leasing in the company's name does not classify it as a Non-Banking Financial Company (NBFC) under the concerned RBI regulations.

2. The company derives majority of its revenue from leasing and freight and shipping services. In the event the company is unable to increase or effectively manage its services under the said services, it could have an adverse impact on the Company's business and results of operations.

3. The company depends on certain key customers for its revenues which include its associate company and group company. A decrease in the revenues the company derives from them could materially and adversely affect its business, results of operations, cash flows and financial condition.

4. The company is heavily dependent on third party service providers or agents and suppliers to effectively carry on its logistics operations. Any deficiency in services provided by them or failures to maintain relationships with them could result in disruption in its operations, which could have an adverse effect on the company's business, financial condition, results of operations and cash flows:

5. The Company does not have Custom House Agent license.

6. Its freight & Shipping business is largely dependent on the company customer engaged in the Chemical & petrochemical Industry, Chemical businesses and products related thereto, any adverse impact on the chemical industry may effect on its results of operations and financial Conditions.

7. The company typically does not have long term agreement with its customers. If the company customers choose not to source their requirements from it, there may be a material adverse effect on its business, financial condition, cash flows and results of operations.

8. Its long-term growth and competitiveness are dependent on the company ability to control costs and pass on any increase in operating expenses to customers, while continuing to offer competitive pricing.

9. The company intend to utilise a portion of the Net Proceeds for funding its capital expenditure requirements of the Company. The company is yet to place the orders for such Tank Containers.

10. The company has high levels of fixed costs that will be incurred regardless of its level of business activity. Non utilization of containers or low productivity due to reduced demand, weather interruptions or other causes can have a significant negative effect on its results of operations and financial condition as a consequence.

Deccan Transcon Leasing Limited IPO Subscription Status

Investor CategorySubscription (times)Shares OfferedShares bid forTotal Amount (Rs Cr.)
Anchor1.0014,00,40014,00,40015.12
HNI148.058,54,10012,64,53,6001
Market Maker1.003,30,0003,30,0003.56
QIB42.0714,46,6006,08,53,200657.21
Retail126.7719,92,90025,26,45,6002
Total102.4742,93,60043,99,52,4004

Deccan Transcon Leasing Limited IPO GMP

00.0%

Last updated 13 Sep, 2023 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
13 Sep, 2023108₹0--₹108 (0.00%)-13 Sep, 2023
12 Sep, 2024108₹3027400₹138 (27.78%)-12 Sep, 2024
13 Sep, 2024108₹4541000₹153 (41.67%)-13 Sep, 2024
14 Sep, 2024108₹5550200₹163 (50.93%)-14 Sep, 2024
15 Sep, 2024108₹5550200₹163 (50.93%)-15 Sep, 2024
16 Sep, 2024108₹5550200₹163 (50.93%)-16 Sep, 2024
17 Sep, 2024108₹5550200₹163 (50.93%)-17 Sep, 2024
18 Sep, 2024108₹5550200₹163 (50.93%)-18 Sep, 2024
19 Sep, 2024108₹5550200₹163 (50.93%)-19 Sep, 2024
20 Sep, 2024108₹5550200₹163 (50.93%)-20 Sep, 2024
21 Sep, 2024108₹5550200₹163 (50.93%)-21 Sep, 2024
23 Sep, 2024108₹5550200₹163 (50.93%)-23 Sep, 2024
24 Sep, 2024108₹5550200₹163 (50.93%)-24 Sep, 2024

Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.

How to Apply for Deccan Transcon Leasing Limited IPO

1

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2

Go to IPO Section

Find Deccan Transcon Leasing Limited under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).

3

Enter UPI ID and Submit

Provide your UPI ID linked to your bank account and submit the application.

4

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Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.

5

Application Confirmed

Your funds will be blocked in your account until the IPO allotment process is completed.

FAQs About Deccan Transcon Leasing Limited Ipo

Deccan Transcon Leasing Limited IPO will open on 13 Sep, 2024 and close on 18 Sep, 2024. Investors must apply within this period to participate.

The Deccan Transcon Leasing Limited IPO price band is set between ₹102.00 and ₹108.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹129600.00.

The Deccan Transcon Leasing Limited IPO shares are expected to be listed on 23 Sep, 2024, subject to regulatory approvals and final allotment.

You can track your Deccan Transcon Leasing Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID

The Deccan Transcon Leasing Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.