Deccan Transcon Leasing IPO allotment: Here’s how to check details online

Deccan Transcon Leasing Limited IPO share allotment status is expected to be finalised on Friday, September 20.

The NSE SME issue was open for bidding from September 13 to 19. The IPO received a strong response from investors as the issue closed with a subscription 102 times.

According to its RHP, the company is scheduled to finalise share allotment on September 20. Refunds and credit of shares to Demat accounts will be initiated on September 23.

Deccan Transcon Leasing IPO listing has been scheduled for September 24. Shares of Deccan Transcon Leasing Limited will be listed on the NSE SME platform.

Investors awaiting the share allotment can easily check the allotment status on the NSE and the official website of the IPO registrar, Link Intime India Pvt Ltd. Also, the company will inform successful bidders about the allotment through SMS and emails on registered IDs.

Steps to check Deccan Transcon Leasing IPO share allotment on IPO registrar website

• Go to Link Intime India Pvt Ltd website (https://www.linkintime.co.in/)
• Click on Investor Services and select Public Issues
• Select Deccan Transcon Leasing Ltd from the list for issue names
• Enter either your application No, PAN, DP/Client ID or Account No / IFSC
• Submit to check allotment status

How to check Deccan Transcon Leasing share allotment status on NSE

• Go to NSE IPO allotment status page: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login with username and password
• Select Deccan Transcon Leasing Ltd from the list of issue names
• Verify PAN
• Enter IPO application No
• Click on Submit

It’s important to note that the share allotment details will be available online only after the company finalises the allocation.

Deccan Transcon Leasing IPO details

Logistics services provider Deccan Transcon Leasing Ltd launched its public offer to raise a total of ₹65.06 crore from investors. Deccan Transcon Leasing IPO comprised a fresh issue of 55.24 lakh shares worth up to ₹59.66 crore and an Offer-for-Sale (OFS) part of 5 lakh shares worth ₹5.4 crore. The IPO price band was fixed at ₹102 to ₹108 per share. The minimum lot size was 1,200 shares and the minimum investment required was ₹1,29,600 for retail investors.

Driven by robust bidding from non-institutional investors (NIIs), the Deccan Transcon Leasing IPO was subscribed a little over 102 times on the final day of bidding, September 19.

The Qualified Institutional Buyers’ category was booked 42 times, while the NIIs booked their quota 148 times. The retail portion of the IPO was booked 129 times.

On September 12, the company raised ₹15.12 crore from anchor investors ahead of the launch of the IPO for retail and non-retail investors. The company allotted 14,00,400 shares to seven fund schemes at a price of ₹108 per share. Eminence Global Fund PCC, AG Dynamic Funds Limited, Next Orbit Growth Fund, Beacon Stone Capital VCC, Rajasthan Global Securities Pvt. Limited and LRSD Securities Private Limited are the anchor investors.

Deccan Transcon Leasing IPO objective

Deccan Transcon Leasing Ltd has proposed to utilise the IPO proceeds to finance the capital expenditure for acquiring tank containers.

The company will also use IPO proceeds to fund working capital requirements and the rest for general corporate expenses.

About Deccan Transcon Leasing

Deccan Transcon Leasing provides supply chain and logistics solutions. It also supplies leased tank containers to customers in multiple industries.

Its services include domestic tank container logistics, tank fleet management, transportation, Non-Vessel Operating Common Carrier (NVOCC) services, and freight and shipping solutions.