Deccan Transcon Leasing Limited IPO

Incorporated in February 2007 Deccan Transcon Leasing Limited offers tank containers on lease and logistic and supply chain solutions to clients in various sectors.

The company offers comprehensive freight and shipping solutions, including domestic tank container logistics, tank fleet management, customs clearance and transportation, and Non-Vessel Operating Common Carriers (NVOCC) services.

As of July 31, 2024, the company had more than 100 customers who had been associated with it for over 3 years. Additionally, the company has served more than 884 customers in the last year.

The company has successfully built a track record of serving over 5,000 customers.

The company’s services can be divided into two categories

  1. Leasing of Containers
  2. Shipping & Freight forwarding

The company mainly serves customers in industries such as chemicals, pharmaceuticals, FMCG, agriculture, and others, with a focus on specialty chemicals and petrochemicals in 40 countries.

The company has agencies located in regions such as Europe, Asia, Oceania, South America, Africa, and the USA. These agencies handle logistics operations under an agency relationship for both inbound and outbound cargo movement. They are responsible for performing all necessary operations and documentation work for cargo movement between the mentioned regions.

Competitive Strengths:

  • With a global footprint, the company can offer its 129 services to clients across various continents and economic regions.
  • Large Customer base with long-term relationship
  • Latest solutions in logistics technology, such as advanced tracking systems, placing service orders, digital platforms for customer interaction and transaction processing.
  • Providing end-to-end logistics services.

As of July 31, 2024,the company had 84 employees.

Deccan Transcon Leasing Limited Financial Information (Restated Consolidated)

Deccan Transcon Leasing Limited’s revenue decreased by -15% and profit after tax (PAT) rose by 38% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets7,721.585,407.723,924.64
Revenue15,363.7618,061.7615,319.4
Profit After Tax1,181.89855.7519.1
Net Worth3,221.322,028.261,207.59
Reserves and Surplus1,501.371,808.26987.59
Total Borrowing2,309.551,775.49989.82
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Deccan Transcon Leasing IPO is Rs 245.41 Cr.

KPI as of March 31, 2024.

KPIValues
ROE45.03%
ROCE41.43%
Debt/Equity0.72
RoNW36.69%
P/BV5.77
PAT Margin (%)7.75
 Pre IPOPost IPO
EPS (Rs) 6.875.2
P/E (x) 15.7220.76
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.

Objects of the Issue (Deccan Transcon Leasing IPO Objectives)

The Company proposes to utilize the net proceeds from the Offer towards funding the following objects and achieve the benefits of listing on the NSE Emerge platform of the National Stock Exchange of India Limited:

  1. Funding capital expenditure requirements towards procurement of Tank Containers.
  2. Funding working capital requirements of the Company; and
  3. General corporate purposes

Deccan Transcon Leasing IPO Details

IPO DateSeptember 13, 2024 to September 18, 2024
Listing Date[.]
Face Value₹10 per share
Price Band₹102 to ₹108 per share
Lot Size1200 Shares
Total Issue Size6,024,000 shares
(aggregating up to ₹65.06 Cr)
Fresh Issue5,524,000 shares
(aggregating up to ₹59.66 Cr)
Offer for Sale500,000 shares of ₹10
(aggregating up to ₹5.40 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue17,199,448
Share holding post issue22,723,448
Market Maker portion330,000 shares

Deccan Transcon Leasing IPO Promoter Holding

The company's promoters are Jaidev Menon Parath, Karthika Menon, Miriyala Shekhar, Pranav Jaidev and Navaneeth Jaidev.

Share Holding Pre Issue81.17%
Share Holding Post Issue 

SHARIAH SCREENING for - Deccan Transcon Leasing Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

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