Deccan Transcon Leasing IPO: How To Check Share Allotment Status, GMP? Check Here

Deccan Transcon Leasing IPO has been finalized today after strong response and subscriptions. The SME IPO was subscribed 102.60 on Thursday amid strong demand from non-institutional buyers. The shares are likely to list on NSE SME platform on September 24, 2024.

Deccan Transcon Leasing IPO reportedly obtained bids for 44.05 crore shares as against the 42.93 lakh shares on offer. Retail investor category witnessed a subscription of 127.18 times and Non-Institutional Investors category was booked 147.76 times. Meanwhile, Qualified Institutional buyers portion received bid 42.07 times.

Deccan Transcon Leasing IPO has been valued at Rs 65.06 core. It was opened for bidding on September 13 and closed on September 19, 2024. Its price band was fixed at Rs 102-108 apiece.

When Deccan Transcon Will Credit Shares: As per reports available, it is expected to credit the equity shares on September 23, 2024 into the Demat accounts of investors who obtained the allotment. Meanwhile, company will issue refunds for rejected allocations the same day.

Quick Steps To Check Deccan Transcon Leasing IPO Status:

You need to visit Link Intime website (https://linkintime.co.in/Initial_Offer/public-issues.html)

Select Deccan Transcon Leasing IPO from the selection menu section

You may choose either PAN, DP/Client ID, Account Number/IFSC, or Application Number to confirm allotment status

Fill captcha to verify that you are not robot

Now fill the necessary details

Press submit button to find out your allotment status

Deccan Transcon Leasing IPO GMP: Deccan Transcon IPO's grey market premium (GMP) is Rs 55 today indicating a gain of nearly 50.93% over the IPO price, as per Chittorgarh's unit Investorgain. The expected listing is likely to be Rs 163 from the issue price of Rs 55.

Deccan Transcon Financials: The company for the quarter ended March 31, 2024 announce a fall of 15% in its revenue. Meanwhile, Deccan Transcon's profit after tax (PAT) soared 38% for the March 31, 2024 quarter.

Use of Funds: Deccan Transcon intends to utilize the net proceeds from the offer to assist key goals. The company seeks to allocate the funds to finance capital expenditures for procuring tank containers and meet the working capital requirements.

About: Deccan Transcon attained specialisation in international shipping and logistics. It came into existence in 2007 as 'Libenil Logistics Private Limited'. In 2013, Deccan Transcon was renamed 'Deccan Transcon Leasing Private Limited' and by 2014-16, it managed to increase its fleet size to 30 tank containers and started tank operations to South East Asia, Middle East, Egypt and the United States of America. From 2022-24, it bought its first office in Hyderabad, Telangana and expanded our network coverage to over 40 countries globally and crossed a turnover of over 150 crores. In 2024, it also changed from a private limited company to a public limited company.