Deccan Transcon Leasing Ltd

Deccan Transcon Leasing Ltd IPO

IPO Price Range: ₹102 - 108

Deccan Transcon Leasing Limited provides end-to-end solutions for freight & shipping services which includes domestic logistic of tank containers, Tank fleet management solution, custom clearance and transportation, Non-Vessel Operating Common Carriers (NVOCC) services. The Company is primarily engaged in providing tank containers on lease and logistic & supply chain solutions to clients in various sectors. The company specializes in the transportation of bulk liquids and hazardous chemicals, primarily utilizing tank containers as a mode of transport. One of its key strengths lies in its extensive agency network, built over years of experience in the industry. This network provides the company with access to shippers worldwide, enabling it to cater to the logistics needs of clients across the globe. Additionally, the company has established a strong network of partners with global coverage, apart from its own Subsidiary and Associate company, allowing it to provide complete, end-toend logistics solutions. Having all tank container services under one roof enables it to offer services tailored to meet specific customer needs. As of July 31, 2024, more than 100 customers have been associated with the company for longer than 3 years. The Company has served more than 884 customers in the last one year.

Min Investment

₹1,29,600

IPO Size

₹65 Cr

IPO Status

Closed

Quantity in 1 Lot

1200

Max Bid allowed

1

Listing Exchange

NSE

IPO Application Timeline of Deccan Transcon Leasing Ltd

Open Date13 Sep 2024
Close Date18 Sep 2024
Allotment Date19 Sep 2024
Listing Date23 Sep 2024

Key Statistics

Bid Opening DateBid Opening Date13 Sep 2024
Bid Closing DateBid Closing Date18 Sep 2024
Allotment DateAllotment Date19 Sep 2024
Issue SizeIssue Size₹65.06Cr
Quantity in 1 lotQuantity in 1 lot1200

Strength and risks

Strength

Strength

  • 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.


Risk

Risk

  • 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.

Promoters Holding

Investors Holdings %
Jaidev Menon Parath34.84%
Karthik Menon29.09%
Miriyala Shekhar13.26%
Pranav Jaidev8.02%
Navaneeth Jaidev0.98%

About Deccan Transcon Leasing Ltd

OrganisationDeccan Transcon Leasing Ltd
HeadquartersHyderabad
IndustryLogistics

Frequently Asked Questions

  • What is the size of the Deccan Transcon Leasing Ltd IPO?

    The size of the Deccan Transcon Leasing Ltd IPO is ₹65.06Cr .

  • What is 'pre-apply' for Deccan Transcon Leasing Ltd IPO?

    'Pre-apply' for Deccan Transcon Leasing Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Deccan Transcon Leasing Ltd IPO order be placed?

    Your Deccan Transcon Leasing Ltd IPO order will be placed on 13 Sep 2024.

  • What are the open and close dates of the Deccan Transcon Leasing Ltd IPO?

    The open and close dates of the Deccan Transcon Leasing Ltd IPO are 13 Sep 2024 to 18 Sep 2024.

  • What is the lot size and minimum order quantity of the Deccan Transcon Leasing Ltd IPO?

    The lot size and minimum order quantity of the Deccan Transcon Leasing Ltd IPO are 1200 and 1200 respectively.

  • What would be the listing gains on the Deccan Transcon Leasing Ltd IPO?

    The potential listing gains on the Deccan Transcon Leasing Ltd IPO will depend on various market factors and cannot be predicted with certainty.