1) Deccan Transcon IPO Size
The IPO includes a fresh equity issue of 55.24 lakh shares and an offer for sale (OFS) valued at Rs 5.4 crore.
2) Deccan Transcon IPO Price Band
The company is offering its shares at a price of Rs 102-108 each, and investors can bid for 1,200 shares in one lot.
3) Deccan Transcon GMP
In the unlisted market, the company’s shares have a GMP of Rs 45, indicating a premium of 42%.
4) About Deccan Transcon
The company offers comprehensive solutions for transportation and shipping services, including domestic tank container logistics, tank fleet management, customs and transportation brokerage, and non-vessel operating common carrier (NVOCC) services.
5) Industry overview
The global transportation and logistics market is projected to reach $18.69 billion by 2026, growing at a compound annual growth rate (CAGR) of 4.4%. Focusing specifically on logistics, the global logistics market is expected to reach $6.55 trillion by 2027, growing at a CAGR of 4.7% from 2022 to 2027.
6) Envirotech Systems financial performance
For the year ended March 2024, the company reported total revenue of Rs 152 crore and net profit of Rs 14.12 crore.
7) Objects of the offer
The net proceeds from the public offering will be used to fund capital expenditures for the acquisition of tank containers, working capital requirements and general corporate purposes.
8) Senior Managers and Registrar
Unistone Capital is acting as lead manager for the issue and Link Intime India is the registrar.
9) Structure of the issue
Approximately 50% of the offering is reserved for QIB investors, 35% for retail investors and the remaining 15% for non-institutional investors.
10) Important dates
The IPO opens on September 13 and closes on September 18. Final allotment will likely take place on September 19. The company’s shares will likely begin trading on September 23.
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