Deccan Transcon Leasing IPO to open on Sept 13: Check price band, lot size, key dates and more

Deccan Transcon Leasing IPO will open for subscription on Friday, September 13. The initial public offering, which has set a price band of ₹102-₹108 per share, will conclude on September 18.

The ₹65.06 crore initial share sale is a combination of a fresh issuance of 55.24 lakh shares and an offer-for-sale of 5 lakh shares.

Investors can apply for at least one lot, consisting 1,200 shares, taking transaction value to ₹1,22,400.

The company has allocated 30,12,000 equity shares for qualified institutional buyers (QIBs), 9,03,600 shares for non-institutional investors (NIIs) and 21,08,400 shares for retail investors. It has also allocated 3,30,300 shares for market maker.

The money raised will be used for capital expenditure requirements, working capital needs, and general corporate purposes.

Unistone Capital Pvt Ltd is the IPO's book-running lead manager, while Link Intime India Private Ltd is the registrar. 

Deccan Transcon Leasing IPO: Timeline

• Bidding period: September 13-September 18
• Allotment finalisation: September 19
• Refund initiation: September 20
• Demat transfer: September 20
• Listing: September 23

About Deccan Transcon Leasing

Deccan Transcon Leasing Ltd provides comprehensive freight and shipping solutions. It specialises in leasing tank containers and logistics services for liquids and hazardous chemicals. It offers domestic logistics for tank containers, customs clearance, fleet management solutions, and non-vessel operating common carriers (NVOCC) services.