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As of 30th June 2019, it has around 2000 active customers with the business size of more than Rs 20 crore. The business operation of the company is situated in the Gujarat state only. The decentralized management structure helps the company to manage pan-India presence. As it is an NBFC, it cannot take deposits from the public. The fund requirement of the company is fulfilled by the banks and promoters' investment. Ascom Leasing doesn't generate any revenue from the trading operations as of now.
Loan-to-value (LTV) ratio of Ascom Leasing for loan against property and home renovation loan is 50 % and 60-65% respectively, as calculated Market Value. The customers of the company are mostly professional, self-employed or nonprofessional individuals, first-time buyers of vehicles, customers with informal income, customers with limited banking & credit history, and small and medium entrepreneurs (SMEs).
| Particulars | For the year/period ended (Rs in Lakh) | |||||
|---|---|---|---|---|---|---|
| 30-June-19 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | ||
| Total Assets | 2,690.92 | 2,704.56 | 1,620.13 | 813.27 | 665.37 | |
| Total Revenue | 261.77 | 914.29 | 624.28 | 366.31 | 97.15 | |
| Profit After Tax | 196.85 | 345.36 | 444.16 | 48.57 | 4.36 | |
The company intends to utilize the proceeds of the Fresh Issue to meet the following objects:
1. For the purpose of onward lending, financing and augmenting the capital base
2. General corporate expenses, and
3. To meet the Issue expenses
| Ascom Leasing IPO Date | Nov 26, 2019 to Nov 28, 2019 |
| Ascom Leasing IPO Face Value | ₹10 per share |
| Ascom Leasing IPO Price | ₹30 per share |
| Ascom Leasing IPO Lot Size | 4000 Shares |
| Issue Size | 2,108,000 shares of ₹10 (aggregating up to ₹6.32 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Company Promoters | Mr. Tushar Rohitbhai Pandya is the promoter of the company. |
The Ascom Leasing IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹120,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
| Pre Issue Share Holding | 98.94% |
| Post Issue Share Holding | 72.24% |
As per minuscule financial data, ALIL has shown super earnings in the last two fiscals and the trend are continuing as indicated by Q1 FY20 earnings. However, as the NBFC segment is currently facing rough weather with rising NPAs, most of them are showing dull performances. ALIL is not at all a master in the segment and its super performance raises concern for sustainability. Although IPO pricing appears lucrative based on its super earnings in recent years, in the light of negativity emerging for the segment and rising NPAs, cash surplus risk savvy investors may consider investment at their own risks. Read detail review...
The Ascom Leasing IPO is subscribed 1.47 times on Nov 28, 2019 6:30:00 PM. The public issue subscribed 1.03 times in the retail category, times in the QIB category, and 1.92 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 1.92 |
| Retail | 1.03 |
| Total | 1.47 |
| Listing Date | Friday, December 6, 2019 |
| BSE Script Code | |
| NSE Symbol | ASCOM |
| Listing In | ST Group of Securities |
| ISIN | INE08KD01015 |
| IPO Price | ₹30 per share |
| Face Value | ₹10 per share |
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Ascom Leasing & Investments Ltd
331, 3rd floor, Four Point Complex,
Vesu, besides Maniba Park,
Surat, Gujarat 395007
Phone: +91 9825140403
Email: info@ascomfinance.com
Website: http://www.ascomfinance.com/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: grievances@skylinerta.com
Website: https://www.skylinerta.com/
Ascom Leasing IPO is a SME IPO of 2,108,000 equity shares of the face value of ₹10 aggregating up to ₹6.32 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000 Shares.
The IPO opens on Nov 26, 2019, and closes on Nov 28, 2019.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Ascom Leasing IPO opens on Nov 26, 2019 and closes on Nov 28, 2019.
Ascom Leasing IPO lot size is 4000 Shares and the minimum order quantity is .
You can apply in Ascom Leasing IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Ascom Leasing IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ascom Leasing IPO allotment status.
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