Deccan Transcon Leasing Soars on Stock Market Debut, Listing at Rs 116 with 7.4% Premium!Deccan Transcon Leasing Soars on Stock Market Debut, Listing at Rs 116 with 7.4% Premium!

Deccan Transcon Leasing debuted strongly on September 24, listing at Rs 116, a 7.4% premium over its issue price of Rs 108, on the NSE SME platform. However, it fell short of grey market expectations of a 50% premium.

The Rs 65-crore public offer, consisting of a fresh issue and an offer for sale, was oversubscribed 102 times in five days, with retail investors subscribing 126 times and non-institutional investors 147 times their reserved portions.

Deccan Transcon Leasing Limited offers complete freight and shipping solutions, specializing in tank container logistics and hazardous chemicals. With a global agency network and partnerships, they efficiently meet client logistics needs, serving over 884 clients in the past year and maintaining over 100 long-term customer relationships.

The objective of the Rs 65-crore IPO for Deccan Transcon Leasing is to raise capital through a combination of a fresh issue and an offer for sale, which will be utilized for business expansion, debt repayment, and strengthening the company’s financial position.