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Deccan Transcon Leasing IPO
Deccan Transcon Leasing Ltd
₹1,22,400 /1200 sharesMinimum investment
IPO details
Minimum investment
₹1,22,400
Price range
₹102 - ₹108
Lot size
1,200
Issue size
65.06 Cr
Face value
10
IPO document
Subscription rate
Qualified Institutional Buyers0.00x
Non-Institutional Investor0.00x
Retail Individual Investor0.00x
Total79.90x
As of 19 Sep'24, 05:00 PM
Schedule
13 Sep 2024
IPO open date
19 Sep 2024
IPO close date
20 Sep 2024
Allotment date
20 Sep 2024
Funds unblock or debit
24 Sep 2024
Tentative listing date
About
Founded in
2007
MD/CEO
Mr. Jaidev Menon Parath
Parent organisation
Deccan Transcon Leasing Ltd
Deccan Transcon Leasing Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
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.
Application details
For Deccan Transcon Leasing IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹102 - ₹108 | ₹2 - ₹5 Lakhs | 1200 |
| High Networth Individual | ₹102 - ₹108 | ₹2 - ₹5 Lakhs | 1200 |