Deccan Transcon Leasing IPO
IPO Listing Details
- Listing Date
24 Sep 2024
- Listing Price
₹ 116.00
- Listing Change
inf%
- Last Traded Price
₹ 72.05
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
IPO Timeline
Deccan Transcon Leasing IPO Subscription Status
Date | QIB | NII | Retail | TOTAL |
---|---|---|---|---|
13-Sep-24 | 2.97 | 3.87 | 4.70 | 3.95 |
16-Sep-24 | 2.97 | 7.88 | 19.26 | 11.51 |
17-Sep-24 | 2.97 | 21.83 | 49.36 | 28.26 |
18-Sep-24 | 2.97 | 31.93 | 69.19 | 39.47 |
19-Sep-24 | 42.07 | 147.68 | 126.87 | 102.44 |
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
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
Contact Information
Deccan Transcon Leasing
Deccan Transcon Leasing Limited
Suite No 507, 5th floor
Image Capital Park, Image Garden Road
Madhapur, Shaikpet, Hyderabad- 500081
Phone: 040-40146828
Email: compliance@deccantrans.com
Website: https://www.deccantrans.com/
Deccan Transcon Leasing IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: deccantranscon.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Deccan Transcon Leasing IPO Lead Manager
Unicon Capital Services Private Ltd
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