Deccan Transcon Leasing Limited IPO
NSE SMEListed On: Sep 24, 2024 at ₹ 116.0
₹ 259200 /2400 Shares
*Min Investment
13 Sep, 2024
Open Date19 Sep, 2024
Close Date20 Sep, 2024
Allotment Date24 Sep, 2024
Listing DateDeccan Transcon Leasing IPO Issue Details
- Issue Price ₹102-108 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 60,24,000 shares(aggregating up to ₹65.06 crore)
- Fresh Share 55,24,000 shares(aggregating up to ₹59.66 crore)
- Offer For Sale 5,00,000 shares(aggregating up to ₹5.4 crore)
- Listing at NSE SME
- List Price 116.0
- Listing Date 2024-09-24
- Lead Manager Unistone Capital Pvt Ltd
- Registrar Link Intime India Private Ltd
Market Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1200 | ₹1,29,600 |
| Retail(max) | 1 | 1200 | ₹1,29,600 |
| NII (min) | 2 | 2400 | ₹2,59,200 |
Deccan Transcon Leasing IPO Reservation
Deccan Transcon Leasing IPO offers total 60,24,000 shares. Out of which 14,46,600 (24.01%) allocated to QIB, 8,54,100 (14.18%) allocated to NII,19,92,900 (33.08%) allocated to RII, NA (NA%) allocated to employees and 14,00,400 (23.25%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 14,00,400 (23.25%) | |
| Market Maker Shares Offered | 3,30,000 (5.48%) | |
| QIB Shares Offered | 14,46,600 (24.01%) | |
| NII (HNI) Shares Offered | 8,54,100 (14.18%) | |
| Retail Shares Offered | 19,92,900 (33.08%) | |
| Total Shares Offered | 60,24,000 (100%) |
Deccan Transcon Leasing IPO Details
Deccan Transcon Leasing Limited IPO is an SME IPO, priced at ₹102-108 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 60,24,000 equity shares, aggregating up to ₹65.06 crores..
The IPO bidding window is open from Sep 13, 2024 to Sep 19, 2024. The allotment is expected to be finalized on Sep 20, 2024, and the tentative listing date is Sep 24, 2024.
The minimum lot size for Retail investors is 1200 shares, with a minimum investment of ₹1,29,600. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,59,200.
Unistone Capital Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Link Intime India Private Ltd, and Giriraj Stock Broking Private Limited will act as the market maker for this issue.
Deccan Transcon Leasing IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,446,600 / 854,100 | 1,992,900 | 4,293,600 |
Day 1 13-09-24 06:00 PM | 2.97 / 3.88 x | 4.74 x | 3.97 x |
Day 2 16-09-24 06:00 PM | 2.97 / 7.88 x | 19.26 x | 11.51 x |
Day 3 17-09-24 06:00 PM | 2.97 / 21.83 x | 49.36 x | 28.26 x |
Day 4 18-09-24 06:00 PM | 2.97 / 31.93 x | 69.19 x | 39.47 x |
Day 5 19-09-24 06:00 PM | 42.08 / 147.84 x | 125.61 x | 101.91 x |
Deccan Transcon Leasing Valuations
Deccan Transcon Leasing Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 7,721.58 | 5,407.72 | 3,924.64 |
| Revenue | 15,363.76 | 18,061.76 | 15,319.4 |
| Profit After Tax | 1,181.89 | 855.7 | 519.1 |
| Net Worth | 3,221.32 | 2,028.26 | 1,207.59 |
| Reserves & Surplus | 1,501.37 | 1,808.26 | 987.59 |
| Total Borrowing | 2,309.55 | 1,775.49 | 989.82 |
About Deccan Transcon Leasing Company
In February 2007, Deccan Transcon Leasing Limited provided tank containers on lease and logistic and supply chain solutions to clients from diversified sectors.
Comprehensive freight and shipping solutions by the company include domestic tank container logistics, tank fleet management, customs clearance and transportation, and Non-Vessel Operating Common Carriers (NVOCC) services.
By July 31, 2024, the company had more than 100 customers associated with it for over 3 years. More than 884 customers have also been served by the company within the last year.The company has managed to set a track record of serving more than 5,000 customers.
The company offers its services into two categories:
Leasing of Containers
Shipping & Freight forwarding
The company mainly serves customers in the industries of chemicals, pharmaceuticals, FMCG, agriculture, and others with a focus on specialty chemicals and petrochemicals in 40 countries.
The company has agencies spread over regions like Europe, Asia, Oceania, South America, Africa, and the USA. The agencies operate logistics activities on an agency basis for both inward and outward cargo movement. They are liable to perform all the operations and documentation work concerning cargo movement between the regions above.
As of July 31, 2024, the company had 84 employees.
Deccan Transcon Leasing - Promoter(s)
Jaidev Menon Parath
Karthika Menon
Miriyala Shekhar
Pranav Jaidev
Navaneeth Jaidev
Pre Issue Share Holding : 87.17%
Post Issue Share Holding : %
Deccan Transcon Leasing IPO - Issue Objectives
Funding capital expenditure requirements towards procurement of Tank Containers.
Funding working capital requirements of the Company
General corporate purposes
Deccan Transcon Leasing IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Deccan Transcon Leasing Limited | 6.87 | 6.87 | 18.73 | N/A | 36.69 | N/A | Consolidated |
| Lancer Container Lines Ltd | 2.65 | 2.7 | 21.13 | 17.66 | 14.58 | N/A | Consolidated |
| S J Logistics (india) Limited | 20.03 | 20.03 | 29.01 | 105.27 | 20.18 | N/A | Consolidated |
Notes:
- The P/E Ratio has been computed based on the closing market price of equity shares on the NSE/BSE website on August 27, 2024, divided by the Diluted EPS for March 31, 2024.
- RoNW is computed as net profit after tax divided by the net worth. Net worth has been computed as sum of share capital and reserves and surplus.
- NAV is computed as the closing net worth divided by the closing outstanding number of equity shares.
Contact Details
Deccan Transcon Leasing
Suite No 507, 5th floor, Image Capital Park, Image Garden Road, Madhapur, Shaikpet, Hyderabad- 500081
040-40146828
Registrar Contact Details
Deccan Transcon Leasing IPO - FAQs
Ans. Deccan Transcon Leasing Limited IPO is a SME IPO. The issue is priced at ₹102-108 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Sep 13, 2024, and closes on Sep 19, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Deccan Transcon Leasing Limited IPO opens on Sep 13, 2024 and closes on Sep 19, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Deccan Transcon Leasing Limited IPO is 6,024,000 shares(aggregating up to ₹65.06 Cr).
Ans. The Deccan Transcon Leasing Limited IPO price band is set between ₹102-108 per equity share.
Ans. To apply for Deccan Transcon Leasing Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Deccan Transcon Leasing Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Deccan Transcon Leasing Limited IPO is Sep 20, 2024.
Ans. The Deccan Transcon Leasing Limited IPO will be listed on Sep 24, 2024.
Ans. Follow the steps to check the Deccan Transcon Leasing Limited IPO allotment status online.
