IPO

Deccan Transcon Leasing Ltd. IPO

Deccan Transcon Leasing Ltd., established in 2024, operates in the Logistics - Warehousing/Supply Chain/Others sector. The company's IPO opened on September 13, 2024 and closed on September 18, 2024, ... Read more

Min Investment
₹ 1,29,600 / 1200 shares
Price Range
₹102 - ₹ 108
Bidding Dates
13 Sep '24 - 18 Sep '24
Total Issue Value
65.06 Cr
Lot Size
1,200
Total Issue Size
65.06 Cr
Listing At
NSE SME
Subscription
79.07 times
NSE Price
60.25 (-44.21%)

IPO Timeline

  • 13 Sep 2024
    Bidding Starts
  • 18 Sep 2024
    Bidding Ends
  • 19 Sep 2024
    Allotment Finalization
  • 23 Sep 2024
    Listing

About Deccan Transcon Leasing Ltd.

We provide end-to-end solutions for freight & shipping services which include domestic logistic of tank containers, Tank fleet management solution, custom clearance and transportation, Non-Vessel Operating Common Carriers (“NVOCC”) services. We are primarily engaged in providing ... Read more

Parent organisation
Founded
Deccan Transcon Leasing Ltd.
2024

Deccan Transcon Leasing Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 17,08,200 (28.36%)
Market Makers 3,30,000 (5.48%)
Non Institutional Investors 8,54,100 (14.18%)
Qualified Institutional Buyers (QIBs) 11,38,800 (18.9%)
Retail Individual Investors (RIIs) 19,92,900 (33.08%)

Deccan Transcon Leasing Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2024 77.88 Cr 5.56 Cr 6.10 Cr
31 Mar 2023 99.59 Cr 4.35 Cr 13.48 Cr
31 Mar 2022 79.96 Cr 4.16 Cr 9.12 Cr

Deccan Transcon Leasing Ltd. Background

Major Events And Milestones
  • 2007
    Company was Incorporated as ‘Libenil Logistics Private Limited’
  • 2013
    Name of the Company was Changed to ‘Deccan Transcon Leasing Private Limited’.
  • 2014
    Deccan increased its fleet size to 30 tank containers and started tank operations to South-East Asia and the Middle-East.
  • 2016
    Commenced specific business for one of our customers into Egypt and the USA.
  • 2018
    Established a subsidiary company named Deccan Shipping and Logistics SDN BHD in Malaysia to venture into the Southeast Asian market and extend tank operations into Far Eastern countries. Commenced initial operations in Europe.
  • 2019
    Our Subsidiary company has acquired 44.00% stake in ‘Deccan Orient Line Company Limited’ and started agency operations, freight forwarding business and regional sales
  • 2020
    Crosses Turnover of 50 Crores on Consolidated Basis
  • 2021
    Acquired 47.5% stake in King Star Freight Services Private Limited to increase our reach and customer base in India.
  • 2022
    Expanded our network coverage to over 40 countries globally. Crosses Turnover of 150 crores on Consolidated Basis
  • 2023
    Purchased our first Own Office in Hyderabad, Telangana.
  • 2024
    Change in constitution of our Company from Private into Public Limited
Deccan Transcon Leasing Ltd. Object of Issues

1. Funding capitalexpenditurerequirementstowardsprocurement ofTank Containers
2. Funding forworking capitalrequirements of theCompany
3. General corporatepurposes

Deccan Transcon Leasing Ltd. IPO Listing Details
Listing Date
23 Sep 2024
NSE Symbol
DECTRANS
ISIN
INE0S7C01019
Final Issue Price
₹ 108
Deccan Transcon Leasing Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price - ₹ 108.00
Open - ₹ 116.00
Low - ₹ 110.20
High - ₹ 117.90
Last Trade - ₹ 110.25
Deccan Transcon Leasing Ltd. Company Promoters

1. Menon Parath
2. Karthika Menon
3. Miriyala Shekhar
4. Pranav Jaidev
5. Navaneeth Jaidev

Industry Overview

The global freight & logistics market is forecast to grow to $18.69 billion by 2026 at a compound annual growth rate (CAGR) of 4.4%. Looking solely at logistics, the global logistics market is expected to reach $6.55 trillion by 2027, growing at a CAGR of 4.7% between 2022 and 2027. The ... Read more

Deccan Transcon Leasing Ltd. Contact Details
Address: Suite No 507, 5th floor, Image Capital Park, Image Garden Road, Madhapur, Shaikpet, Hyderabad Telangana - 500081
Phone no:40146828
40146828
|
Deccan Transcon Leasing Ltd. IPO Registrar
Link intime India Pvt. Ltd.
C-101, 247 Park, LBS Marg, Vikhroli (West), Mumbai Maharashtra - 400083
49186000
Deccan Transcon Leasing Ltd. IPO Lead Manager(s)
Unistone Capital Pvt. Ltd.
A/305, Dynasty Business Park, Andheri Kurla Road, Andheri East, Mumbai Maharashtra - 400059
46046494

FAQs

When does Deccan Transcon Leasing Ltd. IPO opens and closes?

Deccan Transcon Leasing Ltd. IPO opens from 13th September to 18th September 2024.

What is the size of Deccan Transcon Leasing Ltd. IPO?

The size of the Deccan Transcon Leasing Ltd. IPO is ₹65.06 Cr.

What is the price range of Deccan Transcon Leasing Ltd. IPO?

The price range of Deccan Transcon Leasing Ltd. IPO is at ₹102 to ₹108 per share.

What is the minimum investment and lot size required for the Deccan Transcon Leasing Ltd. IPO?

The minimum investment required is ₹1,29,600 and minimum lot size is 1200 shares.

When is Deccan Transcon Leasing Ltd. IPO listing date?

The Deccan Transcon Leasing Ltd. IPO will be listed on 23rd September 2024.

What is the objective of Deccan Transcon Leasing Ltd. IPO?

1. Funding capitalexpenditurerequirementstowardsprocurement ofTank Containers
2. Funding forworking capitalrequirements of theCompany
3. General corporatepurposes

Latest Updates

Deccan Transcon Leasing IPO Receives 10x Subscriptions

The IPO for Deccan Transcon Leasing has concluded, successfully raising a total of Rs 65.06 crores. The issue comprised a combination of fresh equity shares and an offer for sale. The IPO opened for subscription on September 13 and closed on September 19, receiving strong interest from investors, particularly non-institutional buyers. Allotment results were announced on September 20, and the shares are scheduled to list on the NSE SME platform on September 24.

The Deccan Transcon Leasing IPO was heavily oversubscribed, receiving bids for approximately 10 times the number of shares on offer. The retail investor category had the strongest demand, with subscriptions reaching 127.18 times. Non-Institutional Investors (NIIs) also showed strong interest, with a subscription rate of 147.76 times. Qualified Institutional Buyers (QIBs) subscribed 42.07 times. In terms of allocation, 24.01% of the shares were allotted to QIBs, 14.18% to NIIs, 33.08% to Retail Investors, and 23.25% to Anchor Investors.

The IPO price band was set at Rs 102-108 per share. Retail investors could invest a minimum of Rs 129,600, while High Net-Worth Individuals (HNIs) were required to invest at least Rs 259,200. Established in 2007, Deccan Transcon Leasing is a leading provider of tank container leasing services and comprehensive supply chain solutions, catering to clients across a variety of industries, offering tailored solutions to meet their specific needs.

21 September 2024

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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