The Deccan Transcon IPO will be available for subscription from September 13, 2024, to September 18, 2024. This is a Book Built Issue aiming to raise around ₹65.06 crores. The IPO comprises a fresh issue of shares worth ₹59.66 crores and an offer for sale of 5,00,000 equity shares with a face value of ₹10 per share.
The price band for the IPO is set between ₹102 and ₹108 per share. Allocation is divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-worth Individuals (HNIs). Shares are expected to be listed on the NSE on September 23, 2024, and the allotment date is September 19, 2024.
On the financial front, Deccan Transcon posted a revenue of ₹152.56 crores in 2024, which is a drop from ₹179.60 crores in 2023. However, its profits surged to ₹11.82 crores in 2024, compared to ₹2.57 crores in 2023. These financials suggest that the IPO could be a good option for investors seeking long-term growth potential.
Deccan Transcon IPO Objectives:
The company plans to use the net proceeds from the IPO for the following purposes, along with the added benefit of listing on the NSE Emerge platform of the National Stock Exchange of India:
Funding the capital expenditure required for the procurement of tank containers.
Meeting the company’s working capital requirements.
Allocating funds for general corporate purposes.
Deccan Transcon IPO Review (Apply or Not):
Review update coming 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% |
Deccan Transcon IPO Lot Size:
The minimum lot size for the Deccan Transcon IPO is 1,200 shares, with a minimum application amount of ₹129,600.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹ 1,29,600 |
| Retail Maximum | 1 | 1200 | ₹ 1,29,600 |
| HNI Minimum | 2 | 2400 | ₹ 2,59,200 |
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Deccan Transcon IPO Timeline:
The Deccan Transcon IPO will open for subscription on September 13 and close on September 18. Share allotment will be finalized on September 19, and the IPO is scheduled for listing 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 |
| 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 latest Grey Market Premium (GMP) for the Deccan Transcon Leasing SME IPO is ₹30. Based on the upper price band of ₹108 per share, the estimated listing price is approximately ₹138, indicating a potential gain of about 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:
Established in 2007 as ‘Libenil Logistics Private Limited,’ Deccan Transcon specializes in the transportation of bulk liquids and hazardous chemicals using tank containers. The company offers a variety of freight and shipping services, including tank fleet management, domestic tank container logistics, customs clearance, and NVOCC services. Deccan Transcon has expanded its operations to over 40 countries globally, with a turnover exceeding ₹150 crores. The company is supported by a team of more than 84 professionals and operates through a subsidiary, Deccan Shipping & Logistics SND. BHD, and holds a 47.50% stake in its associate company, King Star Freight Private Limited. As of July 2024, Deccan Transcon has successfully served over 884 customers.
Deccan Transcon IPO Financial Report:
In 2024, the company reported a revenue of ₹152.56 crores, down from ₹179.60 crores in 2023. However, the company’s profit increased to ₹11.82 crores in 2024, compared to ₹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
Review the valuation details for the Deccan Transcon IPO, including Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
| 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
Deccan Transcon IPO FAQs
What is the Deccan Transcon IPO?
Deccan Transcon IPO is an SME IPO, through which the company aims to raise ₹65.06 crores. The issue is priced between ₹102 and ₹108 per equity share, and the IPO will be listed on the NSE.
When will the Deccan Transcon IPO open for subscription?
The IPO will open on September 13, 2024, for QIB, NII, and Retail Investors, and will close on September 18, 2024.
What is the investors’ portion for the Deccan Transcon IPO?
The allocation is divided as follows: 50% for QIB, 15% for NII, and 35% for Retail Investors.
How can I apply for the Deccan Transcon IPO?
You can apply for the Deccan Transcon IPO through ASBA online via your bank account. You can also apply online using UPI through your stockbroker, or by filling out an offline form through your broker.
What is the issue size of the Deccan Transcon IPO?
The issue size for the Deccan Transcon IPO is ₹65.06 crores.
What is the price band for the Deccan Transcon IPO?
The price band is set between ₹102 and ₹108 per share.
