IPO Price Range: ₹102 - 108
Min Investment
₹1,29,600
IPO Size
₹65 Cr
IPO Status
Quantity in 1 Lot
1200
Max Bid allowed
1
Listing Exchange
NSE
Bid Opening Date | 13 Sep 2024 |
Bid Closing Date | 18 Sep 2024 |
Allotment Date | 19 Sep 2024 |
Issue Size | ₹65.06Cr |
Quantity in 1 lot | 1200 |
Long standing business track record.
Long-standing customer relationships.
Strong knowledge and expertise of its promoters.
Global coverage through network of agents.
Ability to provide end-to-end logistic solutions.
The Presence of term Leasing in the companys name does not classify it as a Non-BankingFinancial Company (NBFC) under the concerned RBI regulations.
The company derives majority of its revenue from leasing and freight and shipping services. In the event the company is unable to increase or effectively manage its services under the said services, it could have an adverse impact on the Companys business and results of operations.
The company depends on certain key customers for its revenues which include its associate company and group company. A decrease in the revenues the company derives from them could materially and adversely affect its business, results of operations, cash flows and financial condition.
The company is heavily dependent on third party service providers or agents and suppliers to effectively carry on its logistics operations. Any deficiency in services provided by them or failures to maintain relationships with them could result in disruption in its operations, which could have an adverse effect on the companys business, financial condition, results of operations and cash flows:
The Company does not have Custom House Agent license.
Its freight & Shipping business is largely dependent on the company customer engaged in the Chemical & petrochemical Industry, Chemical businesses and products related thereto, any adverse impact on the chemical industry may effect on its results of operations and financial Conditions.
The company typically does not have long term agreement with its customers. If the company customers choose not to source their requirements from it, there may be a material adverse effect on its business, financial condition, cash flows and results of operations.
Its long-term growth and competitiveness are dependent on the company ability to control costs and pass on any increase in operating expenses to customers, while continuing to offer competitive pricing.
The company intend to utilise a portion of the Net Proceeds for funding its capital expenditure requirements of the Company. The company is yet to place the orders for such Tank Containers.
The company has high levels of fixed costs that will be incurred regardless of its level of business activity. Non utilization of containers or low productivity due to reduced demand, weather interruptions or other causes can have a significant negative effect on its results of operations and financial condition as a consequence.
Investors | Holdings % |
Jaidev Menon Parath | 34.84% |
Karthik Menon | 29.09% |
Miriyala Shekhar | 13.26% |
Pranav Jaidev | 8.02% |
Navaneeth Jaidev | 0.98% |
Organisation | Deccan Transcon Leasing Ltd |
Headquarters | Hyderabad |
Industry | Logistics |