Deccan Transcon Leasing IPO

Deccan Transcon Leasing Ltd

₹1,22,400 /1200 sharesMinimum Investment

Deccan Transcon Leasing IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
13 Sep ‘24 - 19 Sep ‘24₹1,22,4001,200₹102 - ₹108
Issue SizeIPO Doc
65.06Cr
RHP PDF

Subscription rate

As of 19 Sep'24, 05:00 PM
Qualified Institutional Buyers0.00x
Non-Institutional Investor0.00x
Retail Individual Investor0.00x
Total79.90x

About Deccan Transcon Leasing

Deccan Transcon Leasing provides end-to-end freight and shipping services. The company’s services include domestic logistics for tank containers, tank fleet management solutions, customs clearance, and transportation. The company also provides non-vessel operating common carrier (NVOCC) services. It primarily leases tank containers and delivers logistics and supply chain solutions. The company also claims to specialise in the transportation of bulk liquids and hazardous chemicals, largely through tank containers.;
Founded in
2007
Managing director
Mr. Jaidev Menon Parath
Parent organisation
Deccan Transcon Leasing Ltd

Strengths & Financials of Deccan Transcon Leasing

Strengths
Risks
Deccan Transcon Leasing claims to have served over 5,000 customers, and just last year over 884 customers.
The company’s clientele spans industries such as chemicals, pharmaceuticals, fast-moving consumer goods (FMCG), agriculture, and others.
Deccan Transcon Leasing has entered into agency agreements with agents in regions like Europe, Asia, Oceania, South America, Africa, and the USA. These agreements cover the logistics business, ensuring smooth cargo movement and handling all necessary operations and documentation for both inbound and outbound shipments.
The company has seen a consistent increase in profit after tax (PAT). It increased from Rs 5.19 crore in FY22 to Rs 8.56 crore in FY23 to Rs 11.82 crore in FY24.
The presence of the term leasing in the company's name can be misleading as it is a freight and shipping services provider and not a non-banking financial company (NBFC).
The company generates most of its revenue from providing tank containers on lease and logistic & supply chain solutions, including freight and shipping services, to clients in various sectors. Any inability to expand or effectively manage these services could negatively impact its business and financial performance.
The top 10 customers of the company contributed Rs 77.90 crore (51.06%), Rs 106.02 crore (59.03%), and Rs 84.91 crore (55.53%) to the company’s revenue from operations in FY24, FY23, and FY22, respectively. Any loss of these customers or a decrease in demand from them can adversely affect the company’s operations and financial standing.
A significant portion of the company’s revenue from operations relies on the chemicals and petrochemicals industries. These sectors contributed 94.27%, 97.87%, and 98.90% to the revenue from operations in FY24, FY23, and FY22, respectively. Any adverse developments or changes in these industries could negatively impact the company’s operations and financial performance.
The company, along with its subsidiaries, group entities, promoters, and directors, is involved in ongoing legal proceedings. Any adverse judgments in any of these cases could prove to be detrimental to the company’s business prospects.
As of July 31, 2024, the company had secured loans amounting to Rs 16.50 crore and unsecured loans totalling Rs 6.44 crore. Any inability to service or repay these loans could adversely affect the company’s business.

Deccan Transcon Leasing Financials

*All values are in Rs. Cr
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Application Details of Deccan Transcon Leasing IPO

Apply asPrice bandApply Range
Regular102 - 108₹2 - 5 Lakh
High Networth Individual102 - 108₹2 - 5 Lakh
For Deccan Transcon Leasing IPO, eligible investors can apply as Regular.