Deccan Transcon Leasing IPO: Check Price Band, GMP, & Vital Details Here

Deccan Transcon Leasing IPO opened for subscription today (September 13, 2024) and will close on September 18, 2024. Meanwhile, Deccan Transcon Leasing IPO allotment is likely to be finalised on September 19, 2024. Deccan Transcon IPO is scheduled to be listed on NSE SME on September 23, 2024. The company seeks to raise approximately Rs 65.06 crore via public offer.

Deccan Transcon IPO includes a fresh issue of 55.24 lakh shares aggregating to Rs 59.66 crore along with an offer for sale component of 5 lakh shares that will amount to Rs 5.4 crore.

Deccan Transcon IPO Price Band: Its price band has been set between Rs 102 and Rs 108 apiece. Retail investors will be eligible to bid for a minimum lot of 1200 shares thus totaling to an investment of RS 1,29,600.

Deccan Transcon Leasing IPO Subscription Status Today (September 13, 2024): As per latest details available, Deccan Transcon Leasing IPO has already been subscribed 1.72 times today (September 13, 2024; Day 1) by 3.18 pm. The public issue has reportedly been subscribed 2.42 times in category of retail, 0.00 times in category of QIB, and in the category of NII it is 0.87 times.

Objectives of the Issue: Deccan Transcon Leasing seeks to use the net proceeds from the offer for funding capital expenditure needs for the procurement of Tank Containers, funding the working capital needs of the firm, and for other general corporate purposes.

Market capitalisation of Deccan Transcon Leasing IPO stood at Rs 245.41 crore.

Promoters of Deccan Transcon: Its promoters include Karthika Menon, Jaidev Menon, Miriyala Shekhar, Navaneeth Jaidev, and Pranav Jaidev.

Deccan Transcon Leasing IPO Lot Size: Investors will be eligible to bid for a minimum of 1200 shares and in multiple there amounting to Rs 1,29,600. The maximum amount of investment by retail investors is 1,29, 600. Meanwhile, the minimum lot size investment for HNI has been fixed at 2 lots (2,400 shares) amounting to Rs 259,200.

Deccan Transcon IPO GMP: The grey market premium or GMP of Deccan Transcon IPO is Rs 55 at 2.54. With the price band of 108.00, it is expected that Deccan Transcon IPO's projected listing will be Rs 163, according to chittorgarh.com.

About: Deccan Transcon was established in 2007 as 'Libenil Logistics Private Limited'. In 2013, the company was renamed 'Deccan Transcon Leasing Private Limited' and by 2014-16, Deccan had increased its fleet size to 30 tank containers and started tank operations to South East Asia, the Middle East, Egypt and the United States of America. From 2020-21, it crossed a turnover of over 50 crores and acquired 47.5% in King Star Freight Services Pvt Ltd to expand its reach and customer base in India. It offers a variety of services to meet customers' needs, including leasing, domestic logistics, and gas and special tanks, according to its official website.