Deccan Transcon Leasing Ltd. was incorporated on February 05, 2007. The company offers end-to-end freight and shipping solutions, focusing on leasing tank containers and providing logistics and supply chain services to clients across various sectors.
| Bidding Dates |
|---|
| 13 Sep 2024 - 19 Sep 2024 |
| Subscription |
|---|
| 96.27x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,22,400 | 1 | 1 | 1200 | 6.0 M | ₹102 - ₹108 | 64.13 % | ₹614.4 M - ₹650.6 M | RHP DOC |
Deccan Transcon Leasing Ltd. IPO SUBSCRIPTION STATUS
19 Sep '24Deccan Transcon Leasing Ltd. IPO overall subscription rate was 96.27 times the total available shares
Deccan Transcon Leasing Ltd. IPO retail subscription rate was 159.09 times in the retail segment
Deccan Transcon Leasing Ltd. IPO non-institutional investor subscription rate was 182.86 times in the non-institutional investor category
Deccan Transcon Leasing Ltd. IPO Qualified Institutional Bidder subscription rate was 26.32 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
19 Sep 2024 (Day 5) | 159.09x | 182.86x | 26.32x |
18 Sep 2024 (Day 4) | 94.1x | 43.9x | 1.86x |
17 Sep 2024 (Day 3) | 60.02x | 27.17x | 1.86x |
16 Sep 2024 (Day 2) | 31.41x | 13.43x | 1.86x |
13 Sep 2024 (Day 1) | 5.62x | 4.74x | 1.86x |
Deccan Transcon Leasing Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 118.2 | 1,525.6 | 35.4 | -33.8 | 12.5% |
| FY23 | 85.6 | 1,796.0 | 37.2 | -19.0 | 7.1% |
| FY22 | 51.9 | 1,529.0 | 49.5 | 19.2 | 5.8% |
Deccan Transcon Leasing Ltd. IPO SUBSCRIPTION STATUS DETAILS
Deccan Transcon Leasing Ltd. had 6.0 M shares on offer
Deccan Transcon Leasing Ltd. IPO offer price was in the range ₹102 - ₹108
Deccan Transcon Leasing Ltd. IPO minimum Investment was ₹122400
Deccan Transcon Leasing Ltd. IPO issue size was ₹ 614.4 M - ₹ 650.6 M
Deccan Transcon Leasing Ltd. had a minimum lot size of 1200 Shares per application
Deccan Transcon Leasing Ltd. NUMBER OF SHARES ON OFFER
Deccan Transcon Leasing Ltd. IPO IMPORTANT DATES
| Issue Open Date | 13 Sep 2024 |
| Issue close Date | 19 Sep 2024 |
| Allotment Date | 20 Sep 2024 |
| Refund Date | 23 Sep 2024 |
| Demat Account Credit Date | 23 Sep 2024 |
| Listing Date | 24 Sep 2024 |
| Listing on Exchange(s) | NSE |
| Deccan Transcon Leasing Ltd. Allotment Status | Exchange |
Deccan Transcon Leasing Ltd. IPO subscription opened on 13 Sep 2024, and closed on 19 Sep 2024
IPO allotment for Deccan Transcon Leasing Ltd. was finalized on Friday, 20 Sep 2024
IPO listing for Deccan Transcon Leasing Ltd. was on NSE on Tuesday, 24 Sep 2024
Deccan Transcon Leasing Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 108.0 |
| Listing Open Price | 116.0 |
| Listing Close Price | 110.3 |
| Listing Gain% | 7.4% |
| Current Gain% | -77.8% |
Deccan Transcon Leasing Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Deccan Transcon Leasing Ltd. | 24 | 54.5 | 8.8 | -0.2 | 0.3 | 6.9 | 4.1 | 166.6 | 8.4 | 6.2 | -47.7 | 2.7 | -47.7 |
| Container Corporation of India Ltd. | 505.2 | 38476.9 | 31 | -7.3 | 4.2 | 9.6 | 8.2 | 9443.2 | 1.2 | 1241.8 | -3.6 | 16.3 | -4.2 |
| Delhivery Ltd. | 473.3 | 35452.8 | 379 | -7.2 | 3.2 | 1.6 | 1.2 | 10867 | 16 | 152.7 | -5.8 | 1.2 | -52.9 |
| Shadowfax Technologies Ltd. | 241.2 | 14120.3 | 83.5 | 3 | 6.4 | 3.9 | 4238.6 | 68.6 | 111.7 | 1638.4 | 2.9 | ||
| Blue Dart Express Ltd. | 5089.5 | 12076.3 | 42.1 | 2.7 | 1.9 | 13.9 | 6 | 6182.8 | 7.3 | 247.4 | -2 | 121 | 15.8 |
| VRL Logistics Ltd. | 281.4 | 4921.9 | 18.4 | 0.8 | 1.5 | 20.7 | 9.1 | 3244.8 | 1.8 | 236.8 | 29.5 | 15.3 | 21.8 |
Deccan Transcon Leasing Ltd. INFORMATION ON IPO ISSUE
About Deccan Transcon Leasing Ltd.
Deccan Transcon Leasing Ltd. was incorporated on February 05, 2007. The company offers end-to-end freight and shipping solutions, focusing on leasing tank containers and providing logistics and supply chain services to clients across various sectors.
Object of the Issue
- Funding capital expenditure requirements towards procurement of tank containers.
- Funding working capital requirements of the company.
- General corporate purposes.
Deccan Transcon Leasing Ltd. - PROMOTERS
| Name |
|---|
| Jaidev Menon Parath |
| Karthika Menon |
| Miriyala Shekhar |
| Pranav Jaidev |
| Navaneeth Jaidev |
Deccan Transcon Leasing Ltd. Lead Manager of the Issue
Unistone Capital Private Limited
mb@unistonecapital.com
Deccan Transcon Leasing Ltd. Registrar to the issue
Link Intime India Private Limited
deccantranscon.ipo@linkintime.co.in
Deccan Transcon Leasing Ltd. Strengths
Customer relationship
The company understands the unique needs and challenges of its clients, providing tailored and effective solutions. In FY24, it served over 750 diverse customers and has maintained strong relationships with its key clients.
Global coverage
The company has established agency agreements with logistics service providers across various regions, including Europe, Asia, Oceania, South America, Africa, and the USA.
End-to-end logistics solutions
The company partners with experts in hazardous shipments, offering full-service support including customs clearance, transportation, storage, and handling for both tank and box containers.
Deccan Transcon Leasing Ltd. Risks
Dependent on key customers
The company relies on key customers, including its associate company and group company, for a significant portion of its revenue. A decline in revenue from these sources could impact its business, operations, and financial condition.
Custom house license
The company does not hold its own Custom House Agent license and relies on third parties for these services on a case-by-case basis. Delays or service refusals by these agents may impact the delivery of goods, which might lead to compensation claims from customers
Restrictions on purchase from China
The company's new tank containers quotations are from a China-based company. Future trade restrictions on Chinese companies could adversely impact the company's business prospects and financial performance
IPO FAQs
This IPO consists of an offer for sale of up to Rs 5.4 crore, of 500,000 shares. It also consists of a fresh issue of Rs 59.7 crore.
The promoters of the company are Jaidev Menon Parath, Karthika Menon, Miriyala Shekhar, Pranav Jaidev and Navaneeth Jaidev.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 102.0 - 108.0.
The IPO application opens on Sep 13, 2024 and closes on Sep 19, 2024.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 122,400.0, the maximum value for this IPO is Rs 129,600.0.
This IPO will be allotted on Sep 20, 2024.
The refund will be credited to your account on Sep 23, 2024.
The allotted shares will be credited to your demat on Sep 23, 2024.
Deccan Transcon Leasing Ltd.’s shares listed on the stock exchanges on Sep 24, 2024.