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TCS, HDFCBANK, SBI Liquid Fund (G)
Deccan Transcon Leasing Ltd.

DECCANTRAN

Equity

NSE

Min. Investment

1,02,000.00

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IPO Details

Bidding Dates

13 Sept 24 - 19 Sept 24

Price Range ₹

102 - 108

Total Equity

70.20Cr

Lot Size

1200

Exchange Status

NSE

IPO Doc

Subscription Rate

Non-Institutional Investor

0.00×

Qualified Institutional Buyers

0.00×

Employees

0.00×

Retail Investors

0.00×

Total subscription Rate

0.00×

IPO Timeline

Offer start

13 Sept 2024

Offer end

19 Sept 2024

Allotment

19 Sept 2024

Refund initiation

20 Sept 2024

Demat transfer

20 Sept 2024

Listing

24 Sept 2024

About Company

Incorporated in February 2007, Deccan Transcon Leasing Limited provides tank container leasing, along with logistics and supply chain solutions, to clients across various sectors. The company's range of services includes domestic tank container logistics, tank fleet management, customs clearance, transportation, and Non-Vessel Operating Common Carrier (NVOCC) services. As of July 31, 2024, Deccan Transcon had over 100 long-term clients with relationships spanning more than three years. In the past year, the company served over 884 customers and has a strong track record of working with more than 5,000 clients. Deccan Transcon’s services are divided into two main categories: 1. Leasing of Containers 2. Shipping & Freight Forwarding The company primarily caters to industries such as chemicals, pharmaceuticals, FMCG, agriculture, and others, with a particular focus on specialty chemicals and petrochemicals in 40 countries. Deccan Transcon operates through agencies in regions including Europe, Asia, Oceania, South America, Africa, and the USA. These agencies manage logistics for inbound and outbound cargo, handling all necessary operations and documentation for cargo movement. Key Competitive Strengths: 1. A global footprint allows the company to offer its 129 services across diverse continents and economic regions. 2. A large customer base with strong, long-term relationships. 3. Advanced logistics technology, including tracking systems and digital platforms for service orders, customer interaction, and transaction processing. 4. End-to-end logistics solutions. 5. As of July 31, 2024, the company employed 84 staff members.

Year Founded

05-02-2007

Promotor Details

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage87.170
Share Capital149921660

Offer to Public

65,00,000.00 Cr

Project Details

  • Funding for working capital requirements of the Company - 115cr
  • Funding capital expenditure requirements towards procurement of Tank Containers - 277.476cr

Objectives

  • Funding capital expenditure requirements towards procurement of Tank Containers
  • Funding working capital requirements of our Company
  • andGeneral corporate purposes

Highlights

  • Serving over 5,000 customers across multiple industries, including chemicals, FMCG, pharmaceuticals, and agriculture, ensures revenue stability.
  • Agency agreements in key regions like Europe, Asia, Oceania, South America, Africa, and the USA support seamless international logistics operations.
  • Strong and steady PAT growth from Rs 5.19 crore in FY22 to Rs 11.82 crore in FY24 reflects solid financial performance.
  • Expertise in managing both inbound and outbound shipments, including all necessary operations and documentation, makes the company a reliable logistics partner.
  • The company's wide industry reach reduces reliance on any single sector, spreading risk and increasing opportunities for growth.

Challenges

  • The term "Leasing" in the company's name may create confusion, as it is a freight and logistics provider, not an NBFC.
  • Over 50% of revenue comes from the top 10 customers, making the company vulnerable to losing key clients or reduced demand.
  • With over 94% of revenue generated from the chemicals and petrochemicals sectors, any downturn in these industries could significantly harm the company’s financial performance.
  • Ongoing legal proceedings involving the company, its subsidiaries, and promoters could result in adverse outcomes, damaging its business prospects.
  • Outstanding secured and unsecured loans of Rs 22.94 crore pose financial risks if the company faces difficulties in servicing or repaying them.

Financials

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
20247,721.571,719.941,181.891,181.896.8717
20223,924.64220.00270.02256.741.6737
20235,407.71220.00519.10483.072.8628
20213,608.41200.00519.10483.072.8628
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