Schedule of Deccan Transcon Leasing
| Issue open date | 13 Sep 2024 |
| Issue close date | 19 Sep 2024 |
| UPI mandate deadline | 19 Sep 2024 (5 PM) |
| Allotment finalization | 20 Sep 2024 |
| Refund initiation | 23 Sep 2024 |
| Share credit | 23 Sep 2024 |
| Listing date | 24 Sep 2024 |
| Mandate end date | 04 Oct 2024 |
| Lock-in end date for anchor investors (50%) | 20 Oct 2024 |
| Lock-in end date for anchor investors (remaining) | 19 Dec 2024 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Deccan Transcon Leasing
Incorporated in February 2007, the company provides tank containers on lease and logistic and supply chain solutions to clients in various sectors. The company provides services including domestic tank container logistics, fleet management, customs clearance, and Non-Vessel Operating Common Carriers (NVOCC, which arranges cargo transport without owning the vessels), specializing in bulk liquid and hazardous chemical transportation. Operating globally with partners and agencies across multiple regions, it manages logistics for both inbound and outbound cargo. Its services fall into two main areas: (i) Container Leasing and (ii) Shipping & Freight Forwarding, primarily serving industries including chemicals, pharmaceuticals, FMCG, and agriculture, with a focus on specialty chemicals and petrochemicals in 40 countries.
Financials of Deccan Transcon Leasing
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹65.06 crores |
| Fresh Issue | ₹59.66 crores |
| Offer for sale | ₹5.40 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Tank containers purchase | 27.75 (46.51%) |
| Working capital requirements | 11.50 (19.28%) |
| General corporate purposes | 14.92 (25%) |
| Others | 5.49 (9.21%) |
Strengths
- Established a strong track record in freight and shipping services, serving over 5,000 customers across various industries, particularly chemicals and petrochemicals, leveraging a global network across 40 countries.
- Comprehensive end-to-end logistics solutions, supported by strong partnerships for handling hazardous shipments and providing a full range of services from customs clearance to cargo handling.
- Offers global coverage through a network of agents across 40 countries, ensuring local expertise and support for clients worldwide.
Risks
- The company relies heavily on revenue from leasing, freight, and shipping services. Any inability to manage or expand these services could adversely affect business operations and profitability.
- The company’s logistics operations are heavily reliant on third-party service providers. Any service disruption or failure to maintain relationships with these providers could negatively impact operations and financial outcomes.
- The company is highly dependent on the chemical and petrochemical industry. Any adverse impact on this industry could significantly affect the company’s revenue, operations, and financial condition.
- High fixed costs, including lease rentals for containers, could strain finances if container utilization drops due to reduced demand or other disruptions.
- The company has unsecured loans that may be recalled by lenders at any time, potentially affecting liquidity and financial stability.