ListedSMEDECCANTRAN

Deccan Transcon Leasing Limited

Deccan Transcon Leasing Limited is an SME IPO raising ₹65 Cr at ₹102 – ₹108 a share. It listed on 24 Sept 2024 at ₹116, +7.4% against its issue price of ₹108, and trades at ₹18 today (−83.3% since issue). It was subscribed 0.00× in total.

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₹108

Issue price

₹18

Price now

−83.3%

Since issue price

24 Sept 2024

Listed on

0.00×Subscribed (final) · all exchanges

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Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹102 – ₹108

Cut-off price₹108

Issue size₹65 Cr

Shares per lot1200

Minimum application₹1,29,600

Minimum quantity1200

Face value₹10

Listing exchanges—

ISININE0S7C01019

Bidding hours10:00 – 17:00 IST

Bidding window13 Sept 2024 – 19 Sept 2024

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

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Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.