Deccan Transcon Leasing IPO - AstroIPO

Deccan Transcon Leasing IPO


September 10, 2024 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

Deccan Transcon Leasing Ltd., a shipping and logistics company, is launching its Initial Public Offering (IPO) from September 13-18, 2024. The company aims to raise between ₹61.44 – 65.06 crore through this book-building issue.

The IPO offers 60.24 lakh shares at a price band of ₹102 – ₹108 per share. With a face value of ₹10, the minimum application is set at 1,200 shares. Retail investors can apply for up to ₹5 lakh worth of shares. Deccan Transcon plans to list on the National Stock Exchange (NSE).

The promoters hold 87.17% of the company’s 1.4992 crore shares. Post-IPO, their stake will decrease as 65 lakh shares (about 43.36% of current shareholding) are offered to the public.

Deccan Transcon Leasing IPO Details

IPO Size 65.06
Price Range ₹102 - ₹108
Retail Quota 35%
QIB Quota 50%
NII Quota 15%
Employee Discount --
Listing at NSE
Minimum Quantity 1200
Investment (cut-off price) ₹129,600
Pre IPO Promotor Holding 87.17%
Post IPO Promotor Holding --
DHRP Draft Click Here
RHP Draft Click Here
Anchor Investors List Click Here

Deccan Transcon Leasing IPO Timelines

13/09/2024
Start Date
18/09/2024
End Date
19/09/2024
Allotment Date View Status
20/09/2024
Refund Initiation
20/09/2024
Credit of Shares to Demat Ac
23/09/2024
Listing Date

Deccan Transcon Leasing IPO Lot Size

Application Lot Size Shares Amount
Retail Minimum 1 1200 ₹129,600
Retail Maximum 1 1200 ₹129,600
HNI Minimum 2 2400 ₹259,200

Deccan Transcon Leasing IPO Subscription Status

QIB NII Retail EMP Total
42.08x 147.84x 127.18x -- 102.60x

IPO Performance on Listing Day

Opening Price Closing Price Day High Day Low
₹116 ₹110.25 ₹117.90 ₹111.2

Deccan Transcon Leasing IPO Company Financials

Year Total Income Total Expense PAT
FY 2022 ₹153.19 ₹146.69 ₹5.19
FY 2023 ₹180.62 ₹171.19 ₹8.56
FY 2024 ₹153.64 ₹139.51 ₹11.82

About Company

Their Company was incorporated on February 05, 2007, at Andhra Pradesh, India as `Libenil Logistics Private Limited’, a private limited company under the Companies Act, 1956 and was granted a certificate of incorporation by the Registrar of Companies, Andhra Pradesh (RoC). The name of Their Company was changed to `Deccan Transcon Leasing Private Limited’, and a fresh certificate of incorporation dated July 12, 2013, was issued by the RoC, Andhra Pradesh. Their Company was then converted into a public limited company pursuant to shareholders resolution passed at the general meeting of Their Company held on January 31, 2024, and consequently, the name of Their Company was changed to `Deccan Transcon Leasing Limited’, and a fresh certificate of incorporation dated March 27, 2024, was issued by the RoC, CPC. The Corporate Identification Number of Their Company is U63090TG2007PLC052599.

The global freight & logistics market is forecast to grow to $18.69 billion by 2026 at a compound annual growth rate (CAGR) of 4.4%. Looking solely at logistics, the global logistics market is expected to reach $6.55 trillion by 2027, growing at a CAGR of 4.7% between 2022 and 2027. The freight & logistics market includes the sale of services by companies that transport goods and commodities via rail, air, roads, and water, using large vessels in the process of planning and executing the efficient transportation and storage of goods from point A to point B to meet consumer needs in a timely and cost-effective manner.

There provide end-to-end solutions for freight & shipping services which include domestic logistic of tank containers, Tank fleet management solution, custom clearance and transportation, Non-Vessel Operating Common Carriers (NVOCC) services. There are primarily engaged in providing tank containers on lease and logistic & supply chain solutions to clients in various sectors. Their company specializes in the transportation of bulk liquids and hazardous chemicals, primarily utilizing tank containers as a mode of transport. One of Their key strengths lies in Their extensive agency network, built over years of experience in the industry. This network provides us with access to shippers worldwide, enabling us to cater to the logistics needs of clients across the globe. Additionally, There have established a strong network of partners with global coverage, apart from Their own Subsidiary and Associate company, allowing us to provide complete, end-toend logistics solutions. Having all tank container services under one roof enables us to offer services tailored to meet specific customer needs. As of July 31, 2024, more than 100 customers have been associated with us for longer than 3 years. There have served more than 884 customers in the last one year.

Incorporation Date Sector Managing Director
2007 Logistics Jaidev Menon

Know Before Investing

Deccan Transcon Leasing IPO Strengths

  • Long standing business track record.
  • Long-standing customer relationships.
  • Strong knowledge and expertise of their promoters.
  • Global coverage through network of agents.
  • Ability to provide end-to-end logistic solutions.

Deccan Transcon Leasing IPO Risks

  • The Presence of term Leasing in the company’s name does not classify it as a Non-Banking Financial Company (NBFC) under the concerned RBI regulations.
  • The company derives majority of its revenue from leasing and freight and shipping services. In the event the company is unable to increase or effectively manage its services under the said services, it could have an adverse impact on the Company’s business and results of operations.
  • The company depends on certain key customers for its revenues which include its associate company and group company. A decrease in the revenues the company derives from them could materially and adversely affect its business, results of operations, cash flows and financial condition.

Swot Analysis for Deccan Transcon Leasing IPO

Strengths

Weaknesses

Opportunities

Threats

Company Details

Deccan Transcon Leasing Limited

Suite No 507, 5th floor
Image Capital Park, Image Garden Road
Madhapur, Shaikpet, Hyderabad- 500081

Phone: 040-40146828

Email: [email protected]

Website: https://www.deccantrans.com/

IPO Registar Details

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: [email protected]

Website: https://linkintime.co.in/initial_offer/public-issues.html

FAQs

The key objectives of Deccan Transcon Leasing IPO are:

  • Funding capital expenditure requirements towards procurement of Tank Containers.
  • Funding working capital requirements of the Company; and
  • General corporate purposes

  • Unicon Capital Services Private Ltd

are the book-running lead managers for the Deccan Transcon Leasing IPO.

Leave a Reply

Your email address will not be published. Required fields are marked *