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Deccan Transcon Leasing Limited IPO And Its GMP
Deccan Transcon Leasing Limited provides end-to-end solutions for freight & shipping services which include domestic logistics of tank containers, Tank fleet management solutions, custom clearance and transportation and Non-Vessel Operating Common Carriers (“NVOCC”) services. They are primarily engaged in providing tank containers on lease and logistic & supply chain solutions to clients in various sectors.
The 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 them with access to shippers worldwide, enabling them to cater to the logistics needs of clients across the globe. Additionally, they have established a strong network of partners with global coverage, apart from their own subsidiary and associate company, which allows them to provide complete, end-to-end logistics solutions.
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Deccan Transcon Leasing IPO Summary:
- ● Issue Type: Book Built
- ● Total Issue Size: ₹65.06 crores
- ○ Fresh Issue: ₹59.66 crores (55.24 lakh shares)
- ○ Offer for Sale: ₹5.40 crores (5 lakh shares)
- ● Price Band: ₹102 to ₹108 per share
- ● Minimum Lot Size 1200 shares
- ● IPO Opening Date: September 13, 2024
- ● IPO Closing Date: September 18, 2024 Key Details:
- ● Book Running Lead Manager: Unistone Capital Pvt Ltd
- ● Registrar: Link Intime India Private Ltd
- ● Market Maker: Giriraj Stock Broking
WHAT IS GMP?
GMP stands for Grey Market Premium, and if you are planning your IPO then GMP plays an important role. A grey market is a place where stocks/shares get traded before getting officially listed on any stock exchange. The difference between the IPO price and the grey market price is known as GMP (grey market premium). GMP is a premium amount paid at which initial public offering (IPO) shares are traded before it is listed on the stock exchanges.
Deccan Transcon Leasing Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 24-09-2024 | 108 | 55.0 (50.93%) | 24-Sep-2024 12:20 |
| 23-09-2024 | 108 | 55.0 (50.93%) | 23-Sep-2024 12:20 |
| 20-09-2024 | 108 | 55.0 (50.93%) | 20-Sep-2024 12:10 |
| 19-09-2024 | 108 | 55.0 (50.93%) | 19-Sep-2024 12:30 |
| 18-09-2024 | 108 | 55.0 (50.93%) | 18-Sep-2024 12:10 |
| 17-09-2024 | 108 | 55.0 (50.93%) | 17-Sep-2024 12:55 |
| 16-09-2024 | 108 | 55.0 (50.93%) | 16-Sep-2024 13:45 |
| 13-09-2024 | 108 | 55.0 (51%) | 13-Sep-2024 12:35 |
| 12-09-2024 | 108 | 30.0 (28%) | 12-Sep-2024 12:45 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Deccan Transcon Leasing Limited IPO Overview
| Detail | Description |
|---|---|
| IPO Date | September 13, 2024 to September 18, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹102 to ₹108 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 6,024,000 shares (aggregating up to ₹65.06 Cr) |
| Fresh Issue | 5,524,000 shares (aggregating up to ₹59.66 Cr) |
| Offer for Sale | 500,000 shares of ₹10 (aggregating up to ₹5.40 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 17,199,448 |
| Shareholding post issue | 22,723,448 |
| Market Maker portion | 330,000 shares Giriraj Stock Broking |
Deccan Transcon Leasing IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Friday, September 13, 2024 |
| IPO Close Date | Wednesday, September 18, 2024 |
| Basis of Allotment | Thursday, September 19, 2024 |
| Initiation of Refunds | Friday, September 20, 2024 |
| Credit of Shares to Demat | Friday, September 20, 2024 |
| Listing Date | Monday, September 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 18, 2024 |
Deccan Transcon Leasing Limited 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 Leasing Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Deccan Transcon Leasing IPO Promoter Holding
| Share Holding Pre Issue | 87.17% |
| Share Holding Post Issue |
Company & Financials
Incorporated in February 2007 Deccan Transcon Leasing Limited offers tank containers on lease and logistic and supply chain solutions to clients in various sectors. The company offers comprehensive freight and shipping solutions, including domestic tank container logistics, tank fleet management, customs clearance and transportation and Non-Vessel Operating Common Carriers (NVOCC) services. As of July 31, 2024, the company had more than 100 customers who had been associated with it for over 3 years. Additionally, the company has served more than 884 customers in the last year. The company has successfully built a track record of serving over 5,000 customers.
The company's services can be divided into two categories:
The company has agencies located in regions such as Europe, Asia, Oceania, South America, Africa, and the USA. These agencies handle logistics operations under an agency relationship for both inbound and outbound cargo movement. They are responsible for performing all necessary operations and documentation work for cargo movement between the mentioned regions.
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Competitive Strengths:
- ● With a global footprint, the company can offer its 129 services to clients across various continents and economic regions.
- ● Large Customer base with long-term relationship
- ● Latest solutions in logistics technology, such as advanced tracking systems, placing service orders, digital platforms for customer interaction and transaction processing.
- ● Providing end-to-end logistics services.
Deccan Transcon Leasing Limited Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||||||||||||
| Assets | 7,721.58 | 5,407.72 | 3,924.64 | |||||||||||||||||||||||||||||||||||||
| Revenue | 15,363.76 | 18,061.76 | 15,319.4 | |||||||||||||||||||||||||||||||||||||
| Profit After Tax | 1,181.89 | 855.7 | 519.1 | |||||||||||||||||||||||||||||||||||||
| Net Worth | 3,221.32 | 2,028.26 | 1,207.59 | |||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 1,501.37 | 1,808.26 | 987.59 | |||||||||||||||||||||||||||||||||||||
| Total Borrowing | 2,309.55 | 1,775.49 | 989.82 | |||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 45.03% |
| ROCE | 41.43% |
| Debt/Equity | 0.72 |
| RoNW | 36.69% |
| P/BV | 5.77 |
| PAT Margin (%) | 7.75 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.87 | 5.2 |
| P/E (x) | 15.72 | 20.76 |
Objectives of Deccan Transcon Leasing IPO
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The Company proposes to utilize the net proceeds from the Offer towards funding the following objects and achieve the benefits of listing on the NSE Emerge platform of the National Stock Exchange of India Limited:
- 1. Funding capital expenditure requirements towards procurement of Tank Containers.
- 2. Funding working capital requirements of the Company.
- 3. General corporate purposes
Deccan Transcon Leasing IPO Review
The company is engaged in providing logistics solutions with a specialization in tank containers. It posted inconsistency in its top lines for the reported periods. Boosted profits for FY24 raise eyebrows and concern over its sustainability as it is operating in a highly competitive segment. Based on FY24 earnings, the issue relatively appears fully priced. Well-informed investors may park funds for the medium term.
FAQs for Deccan Transcon Leasing IPO
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What is the Deccan Transcon IPO?
Deccan Transcon IPO is a SME IPO. The company is going to raise ₹65.06 Crores via IPO. The issue is priced at ₹102 to ₹108 per equity share. The IPO is to be listed on NSE.
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When will the Deccan Transcon IPO open for subscription?
The IPO is to open on September 13, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 18, 2024.
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What is the Deccan Transcon IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
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What is Deccan Transcon IPO Issue Size?
Deccan Transcon IPO issue size is ₹65.06 crores.
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What is the Deccan Transcon IPO Price Band?
Deccan Transcon IPO Price Band is ₹102 to ₹108.
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What is Deccan Transcon IPO Lot Size?
The minimum bid is 1200 Shares with ₹129,600.
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What is the Deccan Transcon IPO Allotment Date?
Deccan Transcon IPO allotment date is September 19, 2024.
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What is the Deccan Transcon IPO Listing Date?
Deccan Transcon IPO listing date is September 23, 2024. The IPO is to list on NSE.
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What is the current GMP of Deccan Transcon?
The current GMP of Deccan Transcon is 55.0 (50.93%).
RHP:
RHP of Deccan Transcon Leasing Limited IPO
DRHP:
DRHP of Deccan Transcon Leasing Limited IPO
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What is the Deccan Transcon IPO?
Deccan Transcon IPO is a SME IPO. The company is going to raise ₹65.06 Crores via IPO. The issue is priced at ₹102 to ₹108 per equity share. The IPO is to be listed on NSE.
-
When will the Deccan Transcon IPO open for subscription?
The IPO is to open on September 13, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 18, 2024.
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What is the Deccan Transcon IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
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What is Deccan Transcon IPO Issue Size?
Deccan Transcon IPO issue size is ₹65.06 crores.
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What is the Deccan Transcon IPO Price Band?
Deccan Transcon IPO Price Band is ₹102 to ₹108.
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What is Deccan Transcon IPO Lot Size?
The minimum bid is 1200 Shares with ₹129,600.
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What is the Deccan Transcon IPO Allotment Date?
Deccan Transcon IPO allotment date is September 19, 2024.
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What is the Deccan Transcon IPO Listing Date?
Deccan Transcon IPO listing date is September 23, 2024. The IPO is to list on NSE.
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What is the current GMP of Deccan Transcon?
The current GMP of Deccan Transcon is 55.0 (50.93%).
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