Deccan Transcon Leasing IPO Subscription Status

Deccan Transcon Leasing's initial public offering (IPO) has garnered exceptional investor interest, with subscription rates increasing significantly over the five-day period. Starting modestly on day one, the IPO witnessed a surge in demand, resulting in an impressive 55.42 times oversubscription by 11:58:00 AM on day five. This response underscores the strong market appetite for Deccan Transcon Leasing's shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 13th September 2024, has seen significant growth in investor participation across all categories. Deccan Transcon Leasing attracted bids for 23,79,56,400 equity shares amounting to ₹2,569.93 crore.
The Retail Investors segment, in particular, has shown overwhelming demand, followed by strong interest from Non-Institutional Investors (NII). The Qualified Institutional Buyers (QIB) have also shown significant participation.

Subscription Status of Deccan Transcon Leasing IPO for Days 1, 2, 3, 4, and 5:

On day 5, Deccan Transcon Leasing IPO was subscribed 55.42 times. By the end of day 4, the subscription status had risen to 39.47 times; on day 3, it reached 28.26 times, on day 2, it was at 11.51 times, and on the first day, it closed at 3.97 times.

Here are the subscription details for Deccan Transcon Leasing IPO as of Day 5 (19th September 2024 at 11:58 AM):

Total Applications: 150,988

Key Highlights:

• The IPO of Deccan Transcon Leasing is currently subscribed 55.42 times, with exceptional demand from Retail Investors.
• Retail investors have shown overwhelming interest, with a subscription ratio of 90.92 times.
• Non-Institutional Investors (NII) have demonstrated strong enthusiasm, with a subscription ratio of 48.21 times.
• Qualified Institutional Buyers (QIB) have shown significant interest, with a subscription ratio of 10.78 times.
• The overall subscription trend increases day-on-day, indicating high investor confidence and positive sentiment towards the issue.

Deccan Transcon Leasing IPO - Day 4 Subscription at 39.47 Times

Key Highlights:

• On Day 4, Deccan Transcon Leasing's IPO was subscribed 39.47 times, with strong demand from Retail Investors.
• Retail investors showed significantly increased interest with a subscription ratio of 69.19 times.
• Non-Institutional Investors (NII) showed increased interest with a subscription ratio of 31.93 times.
• Qualified Institutional Buyers (QIB) maintained their interest with a subscription ratio of 2.97 times.
• The overall subscription trend indicated building momentum, with retail and NII categories showing significant increased participation.

Deccan Transcon Leasing IPO - Day 3 Subscription at 28.26 Times

Key Highlights:

• On Day 3, Deccan Transcon Leasing's IPO was subscribed 28.26 times, with continued strong demand from Retail Investors.
• Retail investors showed significantly increased interest with a subscription ratio of 49.36 times.
• Non-Institutional Investors (NII) showed increased interest with a subscription ratio of 21.83 times.
• Qualified Institutional Buyers (QIB) maintained their interest with a subscription ratio of 2.97 times.
• The overall subscription trend indicated growing momentum, with retail and NII categories showing significant increased participation.

Deccan Transcon Leasing IPO - Day 2 Subscription at 11.51 Times

Key Highlights:

• On Day 2, Deccan Transcon Leasing's IPO was subscribed 11.51 times, with strong demand from Retail Investors.
• Retail investors showed strong interest, with a subscription ratio of 19.26 times.
• Non-Institutional Investors (NII) showed increased interest with a subscription ratio of 7.88 times.
• Qualified Institutional Buyers (QIB) maintained their interest with a subscription ratio of 2.97 times.
• The overall subscription trend indicated growing momentum, with retail and NII categories showing significantly increased participation.

Deccan Transcon Leasing IPO - Day 1 Subscription at 3.97 Times

Key Highlights:

• On Day 1, Deccan Transcon Leasing's IPO was subscribed 3.97 times, with initial demand across all investor categories.
• Retail investors showed early strong interest with a subscription ratio of 4.74 times.
• Non-Institutional Investors (NII) showed moderate initial interest with a subscription ratio of 3.88 times.
• Qualified Institutional Buyers (QIB) showed significant initial interest with a subscription ratio of 2.97 times.
• The first-day response laid a strong foundation for the remaining days of the IPO, with expectations of increased participation in the following days.

About Deccan Transcon Leasing IPO:

Deccan Transcon Leasing Limited, incorporated in February 2007, offers tank containers on lease and logistic and supply chain solutions to clients in various sectors.

Key features of Deccan Transcon Leasing:

• Offers comprehensive freight and shipping solutions, including domestic tank container logistics, tank fleet management, customs clearance and transportation, and NVOCC services
• Serves over 100 long-term customers and has served more than 884 customers in the last year
• Operates in 40 countries with a focus on speciality chemicals and petrochemicals
• Has agencies in Europe, Asia, Oceania, South America, Africa, and the USA
• Provides end-to-end logistics services with advanced tracking systems and digital platforms
• As of 31st July 2024, the company had 84 employees
• Reported revenue of ₹153.64 crore and PAT of ₹11.82 crore for FY 2024

Highlights of the Deccan Transcon Leasing IPO:

Read more about Deccan Transcon Leasing IPO

• IPO Date: 13th September 2024 to 19th September 2024
• Listing Date: 24th September 2024 (Tentative)
• Face Value: ₹10 per share
• Price Band: ₹102 to ₹108 per share
• Lot Size: 1200 Shares
• Total Issue Size: 6,024,000 shares (aggregating up to ₹65.06 Cr)
• Fresh Issue: 5,524,000 shares (aggregating up to ₹59.66 Cr)
• Offer for Sale: 500,000 shares (aggregating up to ₹5.40 Cr)
• Issue Type: Book Built Issue IPO
• Listing At: NSE SME
• Book Running Lead Manager: Unistone Capital Pvt Ltd
• Registrar: Link Intime India Private Ltd
• Market Maker: Giriraj Stock Broking