Deccan Transcon IPO Details: The Deccan Transcon IPO is set to open on September 13, 2024, and will close on September 18, 2024. This IPO is a Book Built Issue, through which the company aims to raise approximately ₹65.06 crores. The offering includes a fresh issue of shares worth ₹59.66 crores and an offer for sale of up to 5,00,000 equity shares, each with a face value of ₹10.
The price band for the Deccan Transcon IPO is between ₹102 and ₹108 per share. The allocation is divided with 35% reserved for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-worth Individuals (HNI). The shares are scheduled to be listed on the NSE on September 23, 2024, with the allotment date set for September 19, 2024.
Financially, the company reported a revenue of ₹152.56 crores in 2024, down from ₹179.60 crores in 2023. However, the profit increased significantly to ₹11.82 crores in 2024, compared to ₹2.57 crores in 2023. Based on these financials, investors may consider subscribing to the IPO for long-term growth potential.
Deccan Transcon IPO Objectives:
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:
- Funding capital expenditure requirements towards procurement of Tank Containers.
- Funding working capital requirements of the Company; and
- General corporate purposes
Deccan Transcon IPO Review (Apply or Not)
- Update soon
Deccan Transcon IPO Date & Price Band Details:
| IPO Open Date: | September 13, 2024 |
| IPO Close Date: | September 18, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹102 to ₹108 Per Share |
| Issue Size: | Approx ₹65.06 Crores |
| Fresh Issue: | Approx ₹59.66 Crores |
| Offer for Sale: | Approx 5,00,000 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Deccan Transcon IPO Lot Size:
The minimum market lot for the Deccan Transcon IPO is 1,200 shares, requiring an application amount of ₹129,600.
| 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 IPO Timeline:
The Deccan Transcon IPO is scheduled to open on September 13 and close on September 18. The allotment of shares will be finalized on September 19, and the IPO is set to be listed on the NSE on September 23.
| IPO Open Date: | September 13, 2024 |
| IPO Close Date: | September 18, 2024 |
| Basis of Allotment: | September 19, 2024 |
| Refunds: | September 20, 2024 |
| Credit to Demat Account: | September 20, 2024 |
| IPO Listing Date: | September 23, 2024 |
Deccan Transcon IPO GMP Today:
The last Grey Market Premium (GMP) for the Deccan Transcon Leasing SME IPO is ₹30. With a price band of ₹108.00 per share, the estimated listing price is around ₹138 (the upper price band plus today’s GMP). This suggests an expected gain of approximately 27.78% per share.
Promoters of Deccan Transcon IPO
The promoters of Deccan Transcon include Jaidev Menon Parath, Karthika Menon, Miriyala Shekhar, Pranav Jaidev, and Navaneeth Jaidev.
About Deccan Transcon IPO
Founded in 2007 as ‘Libenil Logistics Private Limited,’ Deccan Transcon specializes in the transportation of bulk liquids and hazardous chemicals using tank containers. The company provides a range of freight and shipping services, such as tank fleet management, domestic tank container logistics, customs clearance, and NVOCC services. Over the years, Deccan Transcon has expanded its network to over 40 countries worldwide, achieving a turnover exceeding ₹150 crores. Supported by a team of over 84 skilled professionals, the company also operates through a subsidiary, Deccan Shipping & Logistics SND. BHD, and an associate company, King Star Freight Private Limited, holding a 47.50% stake in the latter. As of July 2024, Deccan Transcon has successfully served over 884 customers.
Deccan Transcon IPO Company Financial Report
The company reported revenue of ₹152.56 crores in 2024 against ₹179.60 crores in 2023. The company reported a profit of ₹11.82 crores in 2024 against a profit of ₹8.56 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹153.19 | ₹146.69 | ₹5.19 | ₹39.25 |
| 2023 | ₹180.62 | ₹171.19 | ₹8.56 | ₹54.08 |
| 2024 | ₹153.64 | ₹139.51 | ₹11.82 | ₹77.22 |
Deccan Transcon IPO Valuation – FY2024
Check Deccan Transcon IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 45.03% |
| ROCE: | 41.43% |
| EBITDA Margin: | 12.47% |
| PAT Margin: | 7.75% |
| Debt to equity ratio: | 0.72 |
| Earning Per Share (EPS): | ₹6.87 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 36.69% |
| Net Asset Value (NAV): | ₹18.73 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Lancer Container Lines Ltd | 2.65 | 17.66 | 14.58 | 21.13 | 633.41 Cr. |
| S J Logistics (India) Ltd | 20.03 | 29.01 | 20.18 | 105.27 | 270.86 Cr. |
Deccan Transcon IPO Registrar
Link Intime India Pvt Ltd
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Phone: +91 810 811 4949
Email: deccantranscon.ipo@linkintime.co.in
Website: www.linkintime.co.in
IPO Lead Managers aka Merchant Bankers
- Unistone Capital Private Limited
Company Address
Deccan Transcon IPO Limited
Suite No 507, 5th floor, Image Capital Park,
Image Garden Road, Madhapur, Shaikpet,
Hyderabad- 500081, Telangana
Phone: 040-40146828
E-mail: compliance@deccantrans.com
Website: www.deccantrans.com
- What are the IPO dates for Deccan Transcon?
The Deccan Transcon IPO opens on September 13, 2024, and closes on September 18, 2024. - What is the price band of the Deccan Transcon IPO?
The price band for the Deccan Transcon IPO is set between ₹102 and ₹108 per share. - What is the lot size for applying in the Deccan Transcon IPO?
The minimum market lot for the Deccan Transcon IPO is 1,200 shares, requiring an application amount of ₹129,600. - What is the total issue size of the Deccan Transcon IPO?
The IPO size is approximately ₹65.06 crores, which includes a fresh issue of ₹59.66 crores and an offer for sale of up to 5,00,000 equity shares. - How is the Deccan Transcon IPO structured in terms of investor quotas?
The IPO is structured with 35% of shares reserved for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-worth Individuals (HNI). - When will the allotment of the Deccan Transcon IPO shares be finalized?
The allotment of Deccan Transcon IPO shares is scheduled to be finalized on September 19, 2024. - On which stock exchange will Deccan Transcon be listed?
Deccan Transcon will be listed on the NSE (National Stock Exchange) on September 23, 2024. - What is the Grey Market Premium (GMP) of the Deccan Transcon IPO?
As of September 11, 2024, the last reported GMP for Deccan Transcon IPO is ₹30. - What is the estimated listing price for the Deccan Transcon IPO based on GMP?
Based on the GMP of ₹30 and the upper price band of ₹108, the estimated listing price is approximately ₹138 per share. - How were the company’s financials in the last fiscal year?
In 2024, Deccan Transcon reported a revenue of ₹152.56 crores, compared to ₹179.60 crores in 2023. The company also reported a profit of ₹11.82 crores in 2024, up from ₹2.57 crores in 2023. - Who are the promoters of Deccan Transcon?
The promoters of the company are Jaidev Menon Parath, Karthika Menon, Miriyala Shekhar, Pranav Jaidev, and Navaneeth Jaidev. - What is the business focus of Deccan Transcon?
Deccan Transcon is known for transporting bulk liquids and hazardous chemicals using tank containers and provides various freight and shipping services, including tank fleet management, domestic tank container logistics, customs clearance, and NVOCC services.
