What does Deccan Transcon Leasing Limited do? Why is it bringing its IPO? What is its revenue? All the details are given below.

Deccan Transcon Leasing Limited is bringing its IPO. Its IPO will open on 13th September and close on 18th September. The price range of this IPO will be between Rs.102 to Rs.108. In this, you will have to take a minimum quantity of 1200 and your minimum investment will be Rs.122400 lakh.

What does Deccan Transcon Leasing Limited do

Actually Deccan Transcon Leasing Limited leases tank containers. It mainly leases its containers to store any chemical or petrochemical or to shift it from one country to another. As you all know, due to the increasing demand for chemicals and petrochemicals in India, this company is growing every year. Now we will talk about why this company is bringing IPO.
Actually the company is bringing IPO so that it can grow its business quickly and rapidly, it will use this money to increase international trade and cross-border logistics. It will invest this money in its operations so that the business can operate better.

Now let’s talk about the company’s revenue and profit.

In 2021, this company had a revenue of 91.6 million. In which its profit was 2.7 million.
In 2022, this company had a revenue of 153.23 million. In which its profit was 5.19 million.
In 2023, this company had a revenue of ₹180.62 million. In which its profit was ₹8.56 million.

Competitors of this company

SCL Company
Seaco Company
Stolt-Nielsen Company
Note : Investing or not investing in this company is completely up to you, but we have given information about this company