Deccan Transcon Leasing IPO: Strong Day 1 Subscription, High GMP Revealed – Key Dates Inside
Deccan Transcon Leasing Limited’s Initial Public Offering (IPO) opened for investors on September 13, 2024. Here’s what you need to know about its subscription status, grey market premium (GMP), and important dates.
Deccan Transcon Leasing IPO: Subscription Status
As of 5:00 PM on September 13, 2024, the IPO had received an overall subscription of 3.90 times. According to Chittorgarh.com, the retail category was subscribed 4.60 times, the Qualified Institutional Buyers (QIB) category was subscribed 2.97 times, and Non-Institutional Investors (NII) subscribed 3.85 times.
Key Dates for Deccan Transcon Leasing IPO
- Opening Date: September 13, 2024
- Closing Date: September 18, 2024
- Allotment Date: Expected on September 19, 2024
- Listing Date: Expected on September 23, 2024, on the NSE SME platform
Deccan Transcon Leasing IPO Price and Investment Details
The price band for this IPO is set between ₹102 and ₹108 per share. Investors need to apply for a minimum of 1,200 shares, which means a minimum investment of ₹129,600 is required for retail investors. High Net Worth Individuals (HNI) need to apply for at least two lots (2,400 shares), which will cost them ₹259,200.
About Deccan Transcon Leasing Limited
Founded in February 2007, Deccan Transcon Leasing offers supply chain and logistics services, including leased tank containers for various industries. The company provides solutions such as tank container logistics, fleet management, customs clearance, transportation, and Non-Vessel Operating Common Carrier (NVOCC) services.
IPO GMP
According to data from Investorgain.com, the grey market premium (GMP) for the Deccan Transcon Leasing IPO is ₹55. This means that in the grey market, the shares are trading ₹55 higher than their issue price. Based on this premium, the expected listing price could be around ₹163 per share, a 50.93% increase from the upper price band of ₹108 per share.
Investors are keeping a close watch on this IPO due to the strong demand and positive grey market signals.
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