The IPO of Deccan Transcon Leasing is set as a book-built issue with a total of Rs 65.06 crores. The issue is comprised of a fresh issue of 55.24 lakh shares, aggregating to Rs 59.66 crores, and an offer for sale of 5 lakh shares, aggregating to Rs 5.40 crores.
The IPO of Deccan Transcon Leasing is scheduled to open for subscription on September 13, 2024, and close on September 18, 2024. The finalization of the allotment for the Deccan Transcon Leasing IPO is expected to occur on Thursday, September 19, 2024. The listing of the Deccan Transcon Leasing IPO on NSE SME is anticipated, with the tentative listing date set for Monday, September 23, 2024.
The price band for the Deccan Transcon Leasing IPO is set between ₹102 and ₹108 per share. A minimum lot size of 1200 shares is required for an application. The minimum investment amount required by retail investors is ₹129,600. For HNI investors, the minimum lot size investment is set at 2 lots (2,400 shares), amounting to ₹259,200.
Refer to Deccan Transcon Leasing IPO RHP for brief information.
| IPO Date | September 13, 2024 to September 18, 2024 |
| Listing Date | September 23, 2024 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 102 to ₹ 108 / Share |
| Lot Size | 1200 Shares |
| Total Issue Size | 6,024,000 share (Aggregating up to ₹65.06 Cr) |
| Fresh Issue | 5,524,000 (Aggregating up to ₹59.66 Cr) |
| Offer for Sale | 500,000 shares (Aggregating up to ₹5.40 Cr) |
| Employee Discount | |
| 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 |
Deccan Transcon Leasing Limited IPO opens on September 13, 2024, and closes on September 18, 2024.
| IPO Open Date | September 13, 2024 |
| IPO Close Date | September 18, 2024 |
| Basis of Allotment | September 19, 2024 |
| Initiation of Refunds | September 20, 2024 |
| Credit of Shares to Demat | September 20, 2024 |
| Listing Date | September 23, 2024 |
| Cut-off time for UPI mandate confirmation | September 18, 2024 |
A minimum of 1200 shares can be bid for by investors, with additional shares being bid in multiples thereof. The minimum and maximum investments by retail investors and HNI, in terms of shares and amount, are depicted in the table below.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | Rs.129,600 |
| Retail (Max) | 1 | 1,200 | Rs.129,600 |
| S-HNI (Min) | |||
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) | 2 | 2,400 | Rs.259,200 |
| Share Holding Pre Issue | 87.17% |
| Share Holding Post Issue |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
|
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
Founded in February 2007, the company offers clients in a variety of industries supply chain and logistical solutions as well as tank container leasing. The company offers a range of services such as fleet management, customs clearance, domestic tank container logistics, and Non-Vessel Operating Common Carriers (NVOCC), which organizes cargo transport without vessel ownership.
The company specializes in bulk liquid and hazardous chemical transportation. It oversees the logistics of both incoming and outgoing freight, working with partners and organizations worldwide. Its services are divided into two primary categories: (i) Shipping & Freight Forwarding and (ii) Container Leasing. It mainly serves the chemical, pharmaceutical, FMCG, and agricultural industries, with a concentration on petrochemicals and specialty chemicals in 40 countries.
The company has built a solid reputation in the freight and shipping services sector, catering to more than 5,000 clients in a range of industries, most notably petrochemicals and chemicals, by utilizing a global network spanning 40 nations. It provides end-to-end logistics solutions that are backed by reliable alliances to manage risky shipments and offer a wide range of services, including cargo handling and customs clearance.
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 net proceeds from the Offer are proposed to be utilized by the company towards funding the following objects and achieving 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 |
Link Intime India Private Ltd Phone: +91-22-4918 6270 |
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