Deccan Transcon Leasing is scheduled to hit the market on September 13, 2024 and close on September 18, 2024. Deccan Transcon Leasing plans to raise around ₹65.06 Cr through an IPO with a sale of up to 6,024,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Deccan Transcon Leasing Limited was established in February 2007 and provides tank containers on lease along with logistics and supply chain solutions to clients in different sectors. The company offers various services like domestic tank container logistics, fleet management, customs clearance, transportation, and Non-Vessel Operating Common Carrier (NVOCC) services. As of July 31, 2024, Deccan Transcon has over 100 long-term customers and has served more than 884 clients in the past year. Overall, the company has a strong record of serving over 5,000 customers.
The services offered by Deccan Transcon can be divided into two main areas: leasing of containers and shipping & freight forwarding. They mainly cater to industries such as chemicals, pharmaceuticals, FMCG, and agriculture, with a special focus on specialty chemicals and petrochemicals across 40 countries. The company has agencies in regions like Europe, Asia, Oceania, South America, Africa, and the USA, which manage logistics for both incoming and outgoing cargo. Their strengths include a wide range of services, a large customer base with long-term relationships, advanced logistics technology, and the ability to provide complete logistics solutions. As of July 31, 2024, the company employs 84 people.
Deccan Transcon Leasing IPO Details
Deccan Transcon Leasing IPO opens on September 13, 2024, and closes on September 18, 2024. The Listing date for Deccan Transcon Leasing IPO is on September 23, 2024. The price band for IPO is ₹102 to ₹108 per share and lot size of 1200 Shares.
| IPO Date | September 13, 2024 to September 18, 2024 |
| Listing Date | September 23, 2024 |
| Price | ₹102 to ₹108 per share |
| Lot Size | 1200 Shares |
| Issue Size | ₹65.06 Cr |
| Face Value | ₹10 per share |
Deccan Transcon Leasing IPO Tentative Timetable
Deccan Transcon Leasing opening date is September 13, 2024 and close date is September 18, 2024. The IPO allotment date is September 19, 2024. Therefund initiation of IPO is on September 20, 2024. The credit of shares in demat account is on September 20, 2024. The listing date is on September 23, 2024.
| Event | Date |
|---|---|
| IPO Opening | September 13, 2024 |
| IPO Closing | September 18, 2024 |
| IPO Allotment Date | September 19, 2024 |
| Refund Initiation | September 20, 2024 |
| Shares Credit to Demat | September 20, 2024 |
| Lisiting Date | September 23, 2024 |
Deccan Transcon Leasing IPO Lot Size
Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹129,600).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1200 | ₹129,600 |
| Retail(Maximum) | 1 | 1200 | ₹129,600 |
| HNI (Minimum) | 2 | 2400 | ₹259,200 |
Deccan Transcon Leasing IPO Promoter Holding
| Pre Issue Share Holding | 87.17% |
| Post Issue Share Holding |
Deccan Transcon Leasing IPO Review
The company is launching its first IPO through a book-building process, offering 6,024,000 equity shares with a face value of Rs. 10 each. The aim is to raise Rs. 65.06 crore at the highest price point.
On the financial performance front, for the last three fiscals, the company has (on a consolidated basis) posted a total revenue/net profit of Rs. 153.19 cr. / Rs. 5.19 cr. (FY22), Rs. 180.62 cr. / Rs. 8.56 cr. (FY23), and Rs. 153.64 cr. / Rs. 11.82 cr. (FY24). Thus while it posted inconsistency in its top line, it marked growth in bottom lines with a big jump for FY24, that surprises all.
For the last three fiscals, it has reported an average EPS of Rs. 5.64 and an average RoNW of 39.57%. The issue is priced at a P/BV of 5.77 based on its NAV of Rs. 18.73 as of March 31, 2024, and at a P/BV of 2.67 based on its post-IPO NAV of Rs. 40.43 per share (at the upper cap).
If we attribute FY24 super earnings to its post-IPO fully diluted paid-up equity capital, then the asking price is at a P/E of 20.77. Based on FY23 earnings, the P/E stands at 28.65. Thus the issue is relatively fully priced discounting all near term positives.
The company reported PAT margins of 3.39% (FY22), 4.76% (FY23), 7.75% (FY24), and RoCE margins of 40.26%, 43.22%, 41.43% for the referred periods, respectively.
This is the 22nd order from Unistone Capital in the last four financial years, including the current one. Out of the last 10 listings, all started with a premium between 2.27% and 125.93% on the listing day.
The company offers logistics solutions, especially with tank containers. It has shown ups and downs in its revenue over the reported periods. The increased profits for FY24 raise questions about whether this growth can continue, as it operates in a very competitive market. Based on the earnings from FY24, the stock seems to be priced fairly right now. Savvy investors might consider investing for the medium term.
Deccan Transcon Leasing IPO Subscription Status (Bidding Details)
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Deccan Transcon Leasing IPO FAQs
What is Deccan Transcon Leasing IPO?
Deccan Transcon Leasing is issuing 6,024,000 equity shares with a face value of ₹10 each, totaling up to ₹65.06 Cr. The shares are being offered at a price of ₹102 to ₹108 each, with a minimum order quantity of 1200 shares.
Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Deccan Transcon Leasing IPO will open?
Deccan Transcon Leasing will open on September 13, 2024 for QIB, NII, and Retail Investors.
When Deccan Transcon Leasing IPO will end?
Deccan Transcon Leasing will end on September 18, 2024.
What is Deccan Transcon Leasing IPO Size?
Deccan Transcon Leasing IPO size is ₹65.06 Cr.
What is Deccan Transcon Leasing IPO Price Band?
Deccan Transcon Leasing price band is ₹102 to ₹108 per share.
What is Deccan Transcon Leasing IPO Allotment Date?
Deccan Transcon Leasing allotment date is September 19, 2024.
What is Deccan Transcon Leasing IPO Listing Date?
Deccan Transcon Leasing listing date is September 23, 2024. The IPO is to be listed on BSE and NSE.
How to Deccan Transcon Leasing IPO through Zerodha?
To apply for the IPO “Deccan Transcon Leasing” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Deccan Transcon Leasing IPO through Upstox?
To apply for the IPO “Deccan Transcon Leasing” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Deccan Transcon Leasing IPO Allotment Status?
For Deccan Transcon Leasing IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Deccan Transcon Leasing IPO GMP?
You can check out here: Deccan Transcon Leasing IPO GMP. Check all IPO GMP here.