Deccan Transcon Leasing IPO is a book built issue of Rs. 65.06 crores. The issue is a combination of fresh issue of 55.24 lakh shares aggregating to Rs. 59.66 crores and offer for sale of 5 lakh shares aggregating to Rs. 5.40 crores.

Deccan Transcon Leasing IPO opens for subscription on September 13, 2024 and closes on September 18, 2024. The allotment for the Deccan Transcon Leasing IPO is expected to be finalized on Thursday, September 19, 2024. Deccan Transcon Leasing IPO will list on NSE SME with tentative listing date fixed as Monday, September 23, 2024.

Deccan Transcon Leasing IPO price band is set at ₹102 to ₹108 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹129,600. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹259,200.

Deccan Transcon Leasing IPO – Key Dates

EventIndicative Date
IPO Open Date13th September 2024
IPO Close Date18th September 2024
Allotment Date19th September 2024
Initiation of Refunds20th September 2024
Credit of Shares to Demat20th September 2024
Listing Date23rd September 2024

The cut-off time for UPI mandate confirmation is 5:00 PM on 18th September 2024. This deadline is crucial for investors to ensure their applications are processed successfully. Investors are advised to complete their applications well before this deadline to avoid any last-minute technical issues or delays.

Deccan Transcon Leasing IPO Details

IPO DateSeptember 13, 2024 to September 18, 2024
Face Value₹10 per share
Price Band₹102 to ₹108 per share
Lot Size1200 Shares
Total Issue Size6,024,000 shares
Fresh Issue5,524,000 shares
Offer for Sale500,000 shares of ₹10
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue17,199,448
Share holding post issue22,723,448
Market Maker portionMarket Maker portion

Deccan Transcon Leasing IPO Allocation & Minimum Investment Lot Size

The IPO shares are allocated across different investor categories as follows:

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50.00% of the Net Offer
Retail Shares OfferedNot less than 35.00% of the Net Issue
NII (HNI) Shares OfferedNot less than 15.00% of the Net Issue

Investors can place bids for a minimum of 1200 shares, with additional bids required in multiples of this figure. The table below illustrates the minimum and maximum investment amounts for retail investors and HNIs, expressed in shares and monetary values.

ApplicationLotsSharesAmount (₹)
Retail (Min)11,200₹129,600
Retail (Max)11,200₹129,600
HNI (Min)22,400₹259,200

Categorized in:

IPO,

Last Update: September 11, 2024