Deccan Transcon Leasing IPO opens today: Check issue size, GMP, price band and other details

Envirotech Systems’ SME IPO opens for subscription today and will close on September 18. The company aims to raise approximately Rs 65.04 crore through this IPO and list the shares on the NSE SME platform. Here are 10 key things that investors need to know about the IPO before subscribing.

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.