Deccan Transcon Leasing Limited IPO GMP

Deccan Transcon Leasing provides end-to-end solutions for freight & shipping services which include domestic logistic of tank containers, Tank fleet management solution, custom clearance and transportation, Non-Vessel Operating Common Carriers (“NVOCC”) services. They are primarily engaged in providing tank containers on lease and logistic & supply chain solutions to clients in various sectors.

Deccan Transcon, an Book Built Issue amounting to ₹65.05 Crores, consisting an Fresh Issue of 55.24 Lakh Shares worth ₹59.65 Crores and an Offer for Sale of 5.00 Lakh Shares totalling to ₹5.4 Crores. The subscription period for the Deccan Transcon IPO opens on September 13, 2024, and closes on September 19, 2024. The allotment is expected to be finalized on or about Friday, September 20, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Tuesday, September 24, 2024.

The Share price band of Deccan Transcon IPO is set at ₹102 to ₹108 equity per share, with a minimum lot size of 1,200 shares. Retail investors are required to invest a minimum of ₹129,600, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2,400 shares), amounting to ₹259,200.

UNISTONE CAPITAL PRIVATE LIMITED is the book-running lead manager, LINK INTIME INDIA PRIVATE LIMITED is the registrar for the Issue. Giriraj Stock Broking Private Limited is the sole Market Marker for the Deccan Transcon Leasing IPO.

Deccan Transcon Leasing Limited IPO GMP Today
The Grey Market Premium of Deccan Transcon Leasing Limited IPO is expected in the range of ₹50 to ₹55 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Deccan Transcon Leasing Limited IPO Live Subscription Status Today
As of 03:55 PM on 16 September 2024, the Deccan Transcon Leasing Limited IPO live subscription status shows that the IPO subscribed 11.39 times on its Second day of subscription period. Check the Deccan Transcon Leasing Limited IPO Live Subscription Status Today at NSE.

Deccan Transcon Leasing Limited IPO Anchor Investors Report
Deccan Transcon Leasing has raised ₹15.12Crore from Anchor Investors at a price of ₹108 per shares (including share premium of ₹98 per Equity Share) in consultation of the Book Running Lead Managers. The company allocated 1,400,400 equity shares to the Anchor Investors. Check Full list of Deccan Transcon Leasing Anchor Investors List

Note:- Equity Shares to Anchor Investors are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion. 

Deccan Transcon Leasing Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
Deccan Transcon Leasing IPO allotment date is 20 September, 2024, Friday. Deccan Transcon Leasing IPO Allotment will be out on 20th September 2024 and will be live on Registrar Website from the allotment date. Check Deccan Transcon Leasing Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Deccan Transcon Leasing Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Deccan Transcon Leasing Limited IPO
Deccan Transcon Leasing Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹2,774.76 Lakhs is required for Funding capital expenditure towards procurement of Tank Containers. 
2. ₹1,150.00 Lakhs is required for Funding working capital of the Company; and 
3. General corporate purposes

Refer to Deccan Transcon Leasing Limited RHP for more details about the Company.