deccan Transcon Leasing Ltd: Ipo Date, Price Band, and Finan

Deccan Transcon Leasing Ltd, founded in February 2007, is launching an SME IPO worth ₹65.06 crore. The company provides logistics and supply chain solutions, specializing in tank container leasing for industries like FMCG, chemicals, pharmaceuticals, and petrochemicals. The IPO will open on September 13, 2024, and close on September 18, 2024.

Deccan Transcon Leasing ltd ipo operates in over 40 countries, offering services like tank fleet management, customs clearance, and freight forwarding. The company has a robust client base, serving over 100 long-term clients and 5,000 consumers globally. Its key services are divided into container leasing and shipping and freight forwarding.

The company reported a revenue decline of 15%, while PAT increased by 38% in FY 2023-24. As of March 2024, Deccan Transcon had total assets of ₹7,721.58 lakh and a PAT of ₹1,181.89 lakh. The IPO comprises a fresh issue of 55.24 lakh shares (₹59.66 crore) and an offer for sale of 5 lakh shares (₹5.40 crore). The price band is set at ₹102-108 per share.

The funds raised from the IPO will be used for capital expenditures, working capital needs, and general corporate purposes. With a strong track record and extensive global reach, the Deccan Transcon financials is poised for growth, though its reliance on the chemical industry poses certain risks.