Deccan Transcon IPO: Dates, Price, and Details

Deccan Transcon IPO: Dates, Price, and Details
  • Deccan Transcon IPO opens September 13th, 2024.
  • IPO aims to raise ₹65.06 crores via fresh issue.
  • Allotment date is September 19th, 2024, listing on 23rd.

Deccan Transcon, a company engaged in transportation and logistics, is set to launch its Initial Public Offering (IPO) on September 13th, 2024. The IPO is expected to close on September 18th, 2024, with the allotment date scheduled for September 19th, 2024. The company plans to raise ₹65.06 crores through the IPO, comprising a fresh issue of ₹59.66 crores and an offer for sale of up to 5,00,000 equity shares with a face value of ₹10 each.

The IPO price band has been set at ₹102 to ₹108 per share. The retail quota for the IPO is 35%, Qualified Institutional Buyers (QIBs) will receive 50% of the offer, and High Net Worth Individuals (HNIs) will be allotted 15%. The listing of Deccan Transcon shares on the National Stock Exchange (NSE) is anticipated on September 23rd, 2024.

Deccan Transcon's financial performance in 2024 saw a revenue of ₹152.56 crores, down from ₹179.60 crores in 2023. Despite this decline in revenue, the company recorded a profit of ₹11.82 crores in 2024, a significant improvement from the ₹2.57 crores profit in 2023. This positive trend in profitability, despite the revenue decline, suggests a potential for long-term growth, which could be attractive to IPO investors.

Source: Deccan Transcon IPO Date, Review, Price, Allotment Details

Post a Comment

Previous Post Next Post