Business: Deccan Transcon Lease IPO Allotment: Due to strong interest and oversubscription, the initial public offering (IPO) of Deccan Transcon Lease was completed today. Bidding for the Rs 6,506 crore SME IPO began on September 13 and closed on September 19. The price range of each share has been fixed at Rs 102 to Rs 108. Investors can check the allotment status of Deccan Transcon Leasing IPO online through the official portal. Link Intime India Pvt Ltd, IPO Registrar.
On September 23, this company will credit its shares to the demat account of investors who have received these shares. The refund of rejected applications will also be processed on the same day. Deccan Transcon Leasing IPO is scheduled to be listed on NSE SME on Wednesday, September 24, 2024. How to check IPO allotment status
Step 1: Visit the IPO Link Intime registration website.
Step 2: Select “Deccan Transcon Leasing IPO” from the drop-down menu.
Step 3: Select the mode to know the current status. Click on PAN, Demat Account or Application Number.
Step 4: Select the Program Type and choose ASBA or Non-ASBA.
Step 5: Enter the required information such as application number, PAN (Permanent Account Number) or Demat Account number.
Step 6: Enter the “captcha” to confirm that you are not a bot.
Step 7: Click on Submit to view the status of the task.
You can check the status only if you have entered all the data correctly. Deccan Transcon Leasing’s IPO is a combination of a fresh issue of 55.24 million shares (total Rs 5,966 crore) and an offer of 500,000 shares (total Rs 5,400 crore). The minimum lot size to apply was 1200 shares and the minimum investment required for retail investors was Rs 129,600.
The IPO closed with strong demand, with the SME shares being oversubscribed 102.60 times during the three-day auction.
The IPO saw 44.05 crore shares on offer against 42.93 crore shares. The individual investor category was oversubscribed 127.18 times and the non-institutional investor (NII) category was oversubscribed 147.76 times. Qualified institutional investors placed 42.07 times the bids for the stock.
