DECCAN TRANSCON LEASING LIMITED
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹55(50.93%)
Premium (ELP)
The public market debut of DECCAN TRANSCON LEASING LIMITED's was completed on Sep 24, 2024 with its listing on the NSE exchange. The IPO process raised 60,24,000 Shares in total capital, consisting of 51,94,000 Shares in new equity and ₹5.40 Cr in existing share sales through the OFS route.
The offering featured a price range of ₹102 to ₹108 and minimum application size of 1200 shares. Investor response during the subscription period from Sep 13, 2024 to Sep 19, 2024 influenced the final allotment ratios across investor categories.
Final allotment was announced on Sep 20, 2024, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Deccan Transcon Leasing Limited, established in February 2007, specializes in leasing tank containers and offering end-to-end freight and shipping solutions, including logistics, customs clearance, and NVOCC services. With a strong global presence across 40 countries, the company serves a wide range of industries, including chemicals, pharmaceuticals, FMCG, and agriculture. It has a diverse customer base with over 100 long-term clients and utilizes advanced logistics technologies to ensure smooth operations. As of July 31, 2024, Deccan Transcon employed 84 people and had successfully served more than 5,000 customers.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Global Reach: Deccan Transcon operates across multiple continents, managing logistics in 40 countries, ensuring a solid international presence.
- All-in-One Logistics Solutions: From container leasing and freight forwarding to tank fleet management and customs clearance, Deccan Transcon provides end-to-end logistics services, making it a convenient choice for clients.
- Trusted by Clients: With over 100 long-term customers (3+ years) and a track record of serving 5,000+ clients, the company has built strong and lasting relationships in the industry.
- Reliance on Chemicals & Petrochemicals: A large part of the company’s revenue comes from these industries, so any downturn in these sectors could impact business performance.
- Credit Challenges: The company has been giving customers extended credit periods, which might put pressure on cash flow and increase the risk of delayed payments.
- Regulatory Considerations: Even though the company has "Leasing" in its name, it is not classified as an NBFC under RBI rules. However, future regulatory changes could require additional compliance efforts or restrictions.
- Jaidev Menon Parath
- Karthika Menon
- Miriyala Shekhar
- Pranav Jaidev
- Navaneeth Jaidev
DECCAN TRANSCON LEASING LIMITED
Link Intime India Private Limited