Deccan Transcon IPO allotment scheduled from Friday, September 13 to Wednesday, September 18, 2024.
Deccan Transcon IPO is book built issue of Rs. 65.06 crores. The issue is combination of fresh issue of 55.24 lakh shares and an offer for sale of 5 lakhs equity shares. Price range of the IPO is set to Rs. 102 to Rs. 108 per equity shares with a face value of Rs. 10 each. The minimum order quantity of the issue is 1,200 equity shares, aggregating to Rs. 1,29,600.
The allotment of the IPO is expected to finalized on Thursday, September 19, 2024. The IPO will list on NSE SME with tempting date fixed on Monday, September 23, 2024.
Unistone Capital Private Limited is book running lead manager. Kotak Mahindra Bank Limited is sponsor bank of the IPO. Link Intime India Private Limited is registrar to the issue.
Objects of the issue:-
Deccan Transcon proposes to utilize the net proceeds from the towards funding the following objects-
- Funding capital expenditure requirements towards procurement of Tank Containers.
- Funding working capital requirements of the Company; and
- General Corporate purposes.
Financials:-
Deccan Transcon’s revenue has decreased by 14.94% and profit after tax (PAT) rose up by 38.12% in Financial Year 2024, as compared to FY2023.
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Net Worth | 3,221.32 | 2,028.26 | 1,207.59 |
| Revenue | 15,363.76 | 18,061.76 | 15,319.40 |
| PAT | 1,181.89 | 855.70 | 519.10 |
| PAT Margin | 7.75% | 4.76% | 3.39% |
| Total Borrowings | 2,309.55 | 1,775.49 | 989.82 |
About Deccan Transcon Leasing Limited (https://www.deccantrans.com/)-
Established in 2007, Deccan Transcon specialises in international shipping and logistics. We have a wide agency network around the world, and specialise in the transport of bulk and hazardous chemicals. We even offer door-to-door pick up and delivery options.
