Deccan Transcon Leasing Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹108
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,29,600
Issue Size
₹65.06 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Deccan Transcon Leasing Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
87.17%
Issue Type
Book Building - SME
ISIN
INE0S7C01019
About the Company
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.
Industry Overview
The global freight & logistics market is forecast to grow to $18.69 billion by 2026 at a compound annual growth rate (CAGR) of 4.4%. Looking solely at logistics, the global logistics market is expected to reach $6.55 trillion by 2027, growing at a CAGR of 4.7% between 2022 and 2027. The freight & logistics market includes the sale of services by companies that transport goods and commodities via rail, air, roads, and water, using large vessels in the process of planning and executing the efficient transportation and storage of goods from point A to point B to meet consumer needs in a timely and cost-effective manner.
Company History
Deccan Transcon Leasing Limited was incorporated on February 05, 2007, at Andhra Pradesh, India as `Libenil Logistics Private Limited', a private limited company under the Companies Act, 1956 and was granted a certificate of incorporation by the Registrar of Companies, Andhra Pradesh ("RoC"). The name of the Company was changed to `Deccan Transcon Leasing Private Limited', and a fresh certificate of incorporation dated July 12, 2013, was issued by the RoC, Andhra Pradesh. The Company was then converted into a public limited company pursuant to shareholders resolution passed at the general meeting of the Company held on January 31, 2024, and consequently, the name of the Company was changed to `Deccan Transcon Leasing Limited', and a fresh certificate of incorporation dated March 27, 2024, was issued by the RoC, CPC. The Corporate Identification Number of the Company is U63090TG2007PLC052599.
Products & Services
- The Company provides end-to-end solutions for freight & shipping services.
Growth Strategy
- Expanding Fleet Size.
- Expanding Geographic Coverage.
- Expanding its customer base and enhancing relationship with existing clients.
- Expanding Scope of Services.
- Focusing on Technology Upgradation.
Customer Base
Clients in various sectors
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of up to 60,24,000* equity shares of face value of Rs. 10 each ("Equity Shares") of Deccan Transcon Leasing Limited ("Company") for cash at a price of Rs.108 per equity share (including a share premium of Rs. 98 per equity share) ("Offer Price") aggregating up to Rs. 65.06 crores comprising a fresh issue of up to 55,24,000 equity shares aggregating up to Rs. 59.66 crores by the company ("Fresh Issue") and an offer for sale of up to 5,00,000 equity shares aggregating up to Rs. 5.40 crores by the promoter selling shareholders & selling shareholders, (the "Offered Shares") (the "Offer for Sale" and together with the fresh issue, the "Offer") of which 3,30,000 equity shares aggregating to Rs. 3.56 crores will be reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion"). The offer, less market maker reservation, i.e. net offer 56,94,000 equity shares of face value of Rs. 10 each at price of Rs. 108 per equity share aggregating to Rs. 61.50 crores is herein after referred to as the "Net Offer". The offer and the net offer will constitute 26.51% and 25.06% respectively of the fully diluted post-offer paid-up equity share capital of the company. Offer Price: Rs.108 per equity share of face value of Rs.10 each. The offer price 10.80 times of the face vlaue of equity shares. Anchor investor offer price: Rs.108 per equity shares the offer price is 10.80 times of the face value of equity shares. Bid cane be made for a minimum of 1200 equity shares and in multiples of 1200 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- 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 company's name does not classify it as a Non-Banking Financial 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 Company's 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 company's business, financial condition, results of operations and cash flows:
- The Company does not have Custom House Agent license.