Deccan Transcon Leasing IPO Subscribed More Than 100 Times On Final Day; Check GMP Today

The provision chain and logistical options supplier goals to lift Rs 65.06 crore by means of the general public supply.

The SME IPO consists of a contemporary difficulty of 55.24 lakh shares aggregating to Rs 59.66 crore and an offer-for-sale part of 5 lakh shares, amounting to Rs 5.4 crore.

The allotment of Deccan Transcon Leasing IPO can be finalised on September 20 and shares of the corporate can be tentatively listed on the NSE’s SME platform, Emerge, on September 24.

The IPO’s value band has been mounted between Rs 102 and Rs 108 per share. Retail traders can bid for a minimal lot of 1,200 shares, aggregating to an funding of Rs 1,29,600. 

In keeping with the corporate’s Purple Herring Prospectus, out of the 60,24,000 shares provided – 24.01% is reserved for QIB, 14.18% for Non-institutional traders, 33.08% for retail traders and 23.25% for Anchor traders.

Deccan Transcon Leasing IPO’s book-running lead supervisor is Unistone Capital Pvt. and the registrar for the difficulty is Hyperlink Intime India Pvt. Deccan Transcon Leasing’s IPO market maker is Giriraj Inventory Broking Pvt.