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Deccan Transcon Leasing IPO

  • Status: Closed
  • RHP:
  • ₹ 122,400 / 1200 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    24 Sep 2024

  • Listing Price

    ₹ 116.00

  • Listing Change

    inf%

  • Last Traded Price

    ₹ 60.25

IPO Details

  • Open Date

    13 Sep 2024

  • Close Date

    19 Sep 2024

  • IPO Price Range

    ₹ 102 to ₹108

  • IPO Size

    ₹ 65.06 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    24 Sep 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Deccan Transcon Leasing IPO Subscription Status

Last Updated: 20 September 2024 12:20 PM by 5Paisa

Arkade Developer's IPO is set to open on 13 September 2024 and will close on 19 September 2024. Deccan Transcon Leasing provides tank containers for lease and offers logistics and supply chain solutions to clients across different industries.

The IPO includes a fresh issue of  55.24 lakh shares aggregating ₹59.66 Cr and includes an offer for sale of 5 lakh shares aggregating ₹5.40 Cr. The price range is set between ₹102 to ₹108 per share and the lot size is 1200 shares 

The allotment is scheduled to be finalized on 20 September 2024. It will go public on NSE SME with a tentative listing date of 24 September 2024.

Unicon Capital Services Private Ltd is the book running lead manager while Link Intime India Private Ltd is the registrar. 

Deccan Transcon IPO Size

Types Size
Total IPO Size ₹65.06 Cr
Offer For Sale ₹5.40 Cr
Fresh Issue ₹59.66 Cr

 

Deccan Transcon IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1200 ₹129,600
Retail (Max) 1 1200 ₹129,600
HNI (Min) 2 2,400 ₹259,200

 

Deccan Transcon IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 42.07 14,46,600 6,08,53,200 657.21
NII (HNI) 147.68 8,54,100 12,61,30,800 1,362.21
Retail 126.87 19,92,900 25,28,42,400 2,730.70
Total 102.44 42,93,600 43,98,26,400 4,750.13

 

Deccan Transcon IPO Anchor Allocation

Anchor Bid Date 12 September, 2024
Shares Offered 1,400,400
Anchor portion Size (In ₹ Cr.) 15.12
Anchor lock-in period end date for 50% shares (30 Days) 19 October, 2024
Anchor lock-in period end date for remaining shares (90 Days) 18 December, 2024

 

1. Funding Tank Container Purchases
2. Meeting Working Capital Needs
3. General Corporate Purposes
 

Deccan Transcon Leasing established in February 2007, leases tank containers and provides logistics and supply chain solutions to clients in various industries.

The company offers a wide range of services including tank container logistics within India, managing tank fleets, handling customs clearance and transportation and providing Non Vessel Operating Common Carriers (NVOCC) services.

As of 31 July 2024, Deccan Transcon had over 100 long term customers who had been with the company for more than three years. In the last year alone, they served over 884 customers and they have a strong track record of serving more than 5,000 customers overall.

Their services fall into two main categories:

Leasing of Containers

Shipping & Freight Forwarding

The company primarily works with clients in industries like chemicals, pharmaceuticals, FMCG, agriculture  and others with a particular focus on specialty chemicals and petrochemicals in 40 countries.

Deccan Transcon has agencies in regions such as Europe, Asia, Oceania, South America, Africa and USA. These agencies manage logistics operations and handle all necessary tasks for cargo movement in and out of these regions.

Peers

● Lancer Container Lines Ltd
● S J Logistics (India) Limited

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 153.64 180.62 153.10
EBITDA 19.02  12.81  8.81
PAT 11.82 8.56 5.19
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 77.22 54.08 39.25
Share Capital 17.10  2.20  2.20 
Total Borrowings 23 17.75 9.80
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities 3.54  3.72  4.95 
Net Cash Generated From / (used in) investing activities -8.14 -7.02 -3.20 
Net Cash Generated From / (used in) financing activities 4.16 -5.73 -1.21
Net Increase (Decrease) In Cash And Cash Equivalents -0.45 2.43 0.53


Strengths

1. Long-standing track record in the industry with a loyal customer base.

2. A seasoned management team with deep domain expertise, supported by a professional workforce.

3. Extensive global coverage through a network of agents, offering end-to-end logistics services.
 

Risks

1. The company is heavily dependent on industries like chemicals and petrochemicals, so any downturn or changes in these sectors could affect its business.

2. Since the company operates internationally, it faces risks from global economic changes, trade issues, or political conflicts that could disrupt its business.

3. Running a global logistics network is complicated and requires strict adherence to regulations. Any missteps could lead to operational problems or legal issues.
 

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FAQs

Deccan Transcon Leasing IPO opens from 13 September to 19 September 2024.

The size of Arkade Developer's IPO is ₹65.06 crores.

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

To apply for Deccan Transcon Leasing IPO, follow the steps given below:

1. Login to your 5paisa account and select the issue in the current IPO section    
2. Enter the number of lots and the price at which you wish to apply for the Deccan Transcon Leasing IPO.    
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Deccan Transcon Leasing IPO is 1200 shares and the minimum investment required is ₹122,400.

The share allotment date of Deccan Transcon Leasing IPO is 20 September 2024

The Deccan Transcon Leasing IPO will be listed on 24 September 2024.

Unicon Capital Services Private Ltd is the book-running lead manager for Deccan Transcon Leasing IPO.

Deccan Transcon Leasing plans to utilize the raised capital from the IPO for:

● Funding Tank Container Purchases
● Meeting Working Capital Needs
● General Corporate Purposes