Deccan Transcon Leasing Share Price

Deccan Transcon Leasing Limited was incorporated on February 05, 2007, at Andhra Pradesh as Libenil Logistics Private Limited with the Registrar of Companies, Andhra Pradesh. The name of the Company was changed to Deccan Transcon Leasing Private Limited, vide certified dated July 12, 2013, issued by the RoC, Andhra Pradesh. The status was changed to a Public Limited Company reflecting the name change to Deccan Transcon Leasing Limited dated March 27, 2024.The Company provide endtoend solutions for freight shipping services which include domestic logistic of tank containers, Tank fleet management solution, custom clearance and transportation, NonVessel Operating Common Carriers (NVOCC) services. It specialize in transportation of bulk liquids and hazardous chemicals, mainly utilizing tank containers as a mode of transport.Over the years, Company has built a key strength through its extensive agency network, having access to shippers worldwide, by increasing the fleet size to 30 tank containers and by started tank operations to SouthEast Asia and the MiddleEast in year 2014. After a period of one year, a subsidiary company, called Deccan Shipping and Logistics Sdn. Bhd. was established in Malaysia to venture into the Southeast Asian market and extend tank operations into Far Eastern countries in 2018, through which the Company commenced initial operations in Europe. In 2019, the Subsidiary company acquired 44% stake in Deccan Orient Line Company Limited and started agency operations, freight forwarding business and regional sales. The Company acquired 47.5% stake in King Star Freight Services Private Limited to increase the presence and customer base in India in 202122, which expanded the network coverage to nearly 40 countries globally in 202223.The Company came up with IPO by issuing 60,24,000 equity shares of Rs 10 each and raised Rs 65.05 Crore, comprising a fresh issue of 55,24,000 equity shares amounting to Rs 59.66 crore and the offer for sale of 5,00,000 equity shares amounting to Rs 5.40 crores on 19th September, 2024.