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Ascom Leasing & Investments Ltd IPO (Ascom Leasing IPO) Detail

Nov 26, 2019 - Nov 28, 2019
Incorporated in 1986, Ascom Leasing & Investments Ltd is an NBFC providing financial services to economically active poor (who are not served by the financial institutions). The company is engaged in providing loan products in two broad categories, which are individual loans and mortgage loans. Based on customer requirements, these categories can be subdivided further. The company also offers leasing services and hire purchase services.

Products

  • Micro-Enterprise Loans (Loan against property/ Personal Loan)
  • Pre-Owned Vehicle Loans
  • Home Renovation Loans
  • 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).

    Competitive Strengths

    • Customer-centric approach
    • Pan-India presence
    • Extensive operational network in Gujarat
    • Firm risk assessment framework

    Company Promoters:

    Mr. Tushar Rohitbhai Pandya is the promoter of the company.

    Company Financials:

    Summary of financial Information (Restated)
    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

    Objects of the Issue:

    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 Details

    IPO Opening Date Nov 26, 2019
    IPO Closing Date Nov 28, 2019
    Issue Type Fixed Price Issue IPO
    Face Value ₹10 per equity share
    IPO Price ₹30 per equity share
    Market Lot 4000 Shares
    Min Order Quantity 4000 Shares
    Listing At NSE SME
    Issue Size2,108,000 Eq Shares of ₹10
    (aggregating up to ₹6.32 Cr)

    Ascom Leasing IPO Lot Size

    The Ascom Leasing IPO market 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 (Cut-off)
    Minimum 1 4000 ₹120,000
    Maximum 1 4000 ₹120,000

    Ascom Leasing IPO Promoter Holding

    Pre Issue Share Holding 98.94%
    Post Issue Share Holding 72.24%

    Ascom Leasing IPO Review

    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...

    Ascom Leasing IPO Subscription Status (Bidding Detail)

    The Ascom Leasing IPO is subscribed 1.47 times on 11/28/2019 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)

    CategorySubscription (times)
    NII1.92
    Retail1.03
    Total1.47

    Ascom Leasing IPO Prospectus

    Ascom Leasing IPO Rating

    71
    3.3
    Rating:Rated 3.3 stars
    Vote Here ...

    Ascom Leasing IPO Listing Date

    Listing Date Friday, December 6, 2019
    BSE Script Code
    NSE Symbol ASCOM
    Listing In ST Group of Securities
    ISIN INE08KD01015
    IPO Price ₹30 per equity share
    Face Value ₹10 per equity share

    Listing Day Trading Information

    .
    IPO Price
    Open
    Low
    High
    Last Trade
    NSE SME
    IPO Price: ₹30.00
    Open: ₹30.25
    Low: ₹30.25
    High: ₹30.60
    Last Trade: ₹30.25

    Company Contact Information

    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/

    Ascom Leasing IPO Registrar

    Skyline Financial Services Private Ltd

    Phone: +91 - 11 - 2681
    Email: grievances@skylinerta.com
    Website: http://www.skylinerta.com

    Ascom Leasing IPO Reviews / Ratings

    Ascom Leasing IPO FAQs

    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 equity 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 4000 Shares.

    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.

    The Ascom Leasing IPO listing date is on Friday, December 6, 2019.

    Ascom Leasing IPO Message Board

    Ranked Members  Ranked Members

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    103 Comments

    37. Small Investor |Dec 10, 2019 10:52:20 AM
    IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
    Got 0 in RII But Got 590 Shares In SH Quota
    37.1. Ipo.... |Dec 10, 2019 11:05:10 AM
    Sold all my 3 lot at 30.25
    37.2. Small Investor |Dec 10, 2019 2:17:48 PM
    IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
    i also sold 2 lot and one hold yet for hope of few profit till this weakend
    36. RAJAKUMAR |Nov 28, 2019 11:55:49 PM
    IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
    Total Shareholder of Ujjivan as on 22.11.2019 is 1,00,489
    36.7. Small Investor |Dec 6, 2019 11:03:36 AM
    IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
    Dear Raja
    you hold yet this stock ,i also hold 2 lot and 1 sold
    36.8. RAJAKUMAR |Dec 6, 2019 11:37:34 PM
    IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
    Dear Small
    i sold all lot at 30.25
    Contact me i given email in this page
    35. Small Investor |Dec 6, 2019 9:22:36 AM
    IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
    almost 560000 buyer and 120000 seller
    35.8. Learner.. |Dec 6, 2019 10:45:29 AM
    Sir
    What is your stoploss for other two lots...
    Or what should be the target I have 2 lots...
    35.9. Small Investor |Dec 6, 2019 11:43:35 AM
    IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
    SL is 30 ( sme is very risky ) and if buyer volume decreasing then i will out this counter
    at that time more the 650000 buyer at price 30 to 30.25
    its should be Operators or LMs Power ?
    34. Bhandodi |Dec 6, 2019 10:47:01 AM
    Dear small sold it or wait
    34.1. Small Investor |Dec 6, 2019 11:00:28 AM
    IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
    almost 648000 buyer against 100000 seller ,LM's Last IPO Goblin m bhi yhi Chart tha ,agar aap risk le sakte h ot wait kre , i yet hold 2 lot
    33. JHUNJHUNWALA SAKET |Dec 6, 2019 9:10:09 AM
    opening at 52+++
    33.1. Small Investor |Dec 6, 2019 9:20:48 AM
    IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
    30.20 at tat time pre open price
    32. Small Investor |Dec 6, 2019 9:00:03 AM
    IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
    ASCOM LISTIN TODAY
    31. ravi dhingra |Dec 5, 2019 11:07:00 AM
    Hello, I would like to know whether i can buy sbi share now for being elligible in shareholder category?
    please tell thank you
    31.3. Small Investor |Dec 5, 2019 5:43:17 PM
    IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
    ASBA is best and One Bank is Enough
    31.4. BLR |Dec 5, 2019 9:35:08 PM
    Thank You.
    30. bishal kumar |Dec 5, 2019 3:16:37 PM
    Dear small / jhunjhunwala

    What time will the trading commence for ascom
    And are u sure about the premium of Rs 2/3 respectively
    Thanks in advance
    30.5. Small Investor |Dec 5, 2019 5:54:55 PM
    IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
    9.00am to 9.45am
    30.6. JHUNJHUNWALA SAKET |Dec 5, 2019 6:53:36 PM
    thanks small bro for saving my time
    29. Small Investor |Dec 5, 2019 5:41:38 PM
    IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
    Got 3/3 and will sold tomorrow morning
    28. JHUNJHUNWALA SAKET |Dec 5, 2019 10:07:45 AM
    it will list tommorow gmp3+,
    listing on 6th dec
    28.1. Small Investor |Dec 5, 2019 10:47:08 AM
    IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
    LM'S Past record if See then its will list above 32+ or More but this stock will list on nse sme platform where are only few listing gain,BSE Sme ipo given good listing gain in past ipos like
    Earum,Misquta,Novatar,Arl,Goblin,SBC,Anuroop ( my fav. ) and more
    bse sme ipo m listing gain kuch jyada hi milta h sne sme k mukable
    28.2. Ipo.... |Dec 5, 2019 3:01:39 PM
    Hi sir...
    Are you sure gmp 3+...
    27. bishal kumar |Dec 5, 2019 8:14:09 AM
    Dear small
    When will Ascom list
    And how many lots did u get
    U applied for 3
    26. Bhandodi |Dec 4, 2019 7:58:42 AM
    Dear Small when will ascom listing i have received allotment msg
    25. RAJAKUMAR |Nov 28, 2019 11:57:10 PM
    IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
    Dear v for vendetta
    5600
    25.4. papon |Nov 29, 2019 10:59:20 PM
    Top Contributor Top Contributor (300+ Posts, 300+ Likes)
    @ small investor. Cut off date is 22/11/19 for ujjivan. See your mailbox if you got any mail from karvy as a shareholder of ujjivan
    25.5. papon |Nov 29, 2019 11:01:32 PM
    Top Contributor Top Contributor (300+ Posts, 300+ Likes)
    I got mail in my 5 accounts. Sold my holdings after getting confirmation mail as eligible shareholder
    24. RAJAKUMAR |Nov 29, 2019 12:19:35 PM
    IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
    Dear Small
    Share holder category you can apply 5600 shares in one application and also apply retail quota minimum application.
    5600 x 35 = 196000
    23. RAJAKUMAR |Nov 29, 2019 12:17:52 PM
    IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
    Dear Small
    Record date is 22.11.19
    If you have ujjivan shares in you demat account on 22.11.19 then only you are eligble for shareholder category.
    22. RAJAKUMAR |Nov 27, 2019 10:41:09 AM
    IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
    Dear Small
    Ujjivan total shareholder quota available for 53k forms.
    as on 1st Oct there is 78k shareholder.
    Earlier 120Cr for shareholder quota not it reduces to 75 Cr.
    Now it seems max 500 to 600 shares can we get for 2 lakh application.
    Hence no need to borrow money and apply in Max 2 lakh application.
    You can apply all account whatever amount available with you and divide the amount and apply.
    If you have own funds means you can apply all account with 2 lakh application. So for i meant in shareholder category.
    You can also apply retail category also, retail 20 times and above over subscription as per view.
    My strategy is i am goint to apply 5200 shares in shareholder quota that is 5200x35 1,82,000 and retail quota 400 shares both together not crossed 2 lakh amount.
    My strategy is wrong or not i dont know. But i applied like this in HDFC AMC and got allotment in shareholder and retail also.
    22.9. Medge |Nov 28, 2019 8:56:21 AM
    IPO Guru IPO Guru (1000+ Posts, 1700+ Likes)
    Thank You Rajakumar Sir and AhireR

    I will apply three lots in each application for 3 shareholders demats and 1 lot in RII.
    22.10. v for vendetta |Nov 28, 2019 9:09:40 PM
    Top Contributor Top Contributor (300+ Posts, 300+ Likes)
    Hello Rajakumar, Considering a max of 2 lakh limit for shareholders category what can be maximum number of shares allowed? 5200 shares or 5600? Confusion has arisen because of discount of 2 Rs. If we assume the issue price of Rs 35 for SH category then 5600 can be applied 5600*35=196,000. But if we consider the price as 37 then max allowed would be 5200. Any thoughts? I have funds so want to apply for max allowed but getting confused with technicalities.
    21. vatsanmb |Nov 28, 2019 2:03:33 PM
    I have applied 1 Lot assuming NII will be subscribed more than 3 times..Hoping to get listing gains
    21.2. Ipo.... |Nov 28, 2019 4:37:51 PM
    What should we do on listing...Exit or hold???
    I applied 3 lot and could apply for 3 another but restrained myself...
    21.3. Small Investor |Nov 28, 2019 4:55:56 PM
    IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
    now firm allotment not possible because RII Cross 1x
    20. Small Investor |Nov 28, 2019 11:35:54 AM
    IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
    Dear Raja,Dinesh,
    i apply for 3 lot today
    20.3. Ipo.... |Nov 28, 2019 1:49:54 PM
    Can we expect listing gains
    20.4. Ipo.... |Nov 28, 2019 1:51:20 PM
    As pe bv are looking gud
    19. Small Investor |Nov 23, 2019 1:07:14 PM
    IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
    There are Many SME ipos are found for list at nse bse sme platform
    BMW Ventures Limited      NSE SME      2019
    Zircar Refractories Limited      NSE SME      2019
    Nilshikhaa Projects Ltd      NSE SME      2019
    Hindprakash Industries Ltd      NSE SME      2019
    Unidrug Innovative Pharma Technologies Ltd      NSE SME      2019
    DC Infotech and Communication Ltd      NSE SME      2019
    Vaxtex Cotfab Ltd      NSE SME      2019
    Ascom Leasing & Investments Ltd      NSE SME      2019
    Indo Colchem Limited      NSE SME      2019
    Acs Technologies Ltd      NSE SME      2019
    Vaxtex Cotfab Ltd      NSE SME      2019
    Atmastco Ltd      NSE SME      2019
    Lotus Roofings Limited      NSE SME      2019
    Prabh Dayal Om Parkash Infrastructure Limited (PDOPIL)      NSE SME      2019
    JSK Marketing Ltd      NSE SME      2019
    M K Roy & Bros Projects Ltd      NSE SME      2019
    HNO Furnishing Ltd      NSE SME      2019
    Novus Green Energy Systems Ltd      NSE SME      2019
    Bhadra Paper Mills Ltd      NSE SME      2019
    Aditya Ultra Steel Ltd      NSE SME      2019
    Winwin Maritime Ltd      NSE SME      2019
    Texaco Synthetics Ltd      NSE SME      2019
    DAPS Advertising Ltd      NSE SME      2019
    Great Sports Infra Ltd      NSE SME      2019
    Aakarshit Ice And Cold Storage Ltd      NSE SME      2019
    Nova Agritech Ltd      NSE SME      2019
    KBS Industries Ltd      NSE SME      2019
    Sure Safety (India) Ltd      NSE SME      2019
    Sylvan Plyboard (India) Ltd      NSE SME      2019
    Sahaj Fashions Ltd      NSE SME      2019
    Synoptics Technologies Ltd      NSE SME      2019
    Preet Remedies Ltd      NSE SME      2019
    Jai Hanuman Irrigation Ltd      NSE SME      2019
    PR Ecoenergy Limited      NSE SME      2019
    Nelf Cosmetics (India) Ltd      NSE SME      2019
    Khator Technical Textiles Ltd      NSE SME      2019
    Biotic Waste Limited      NSE SME      2019
    Highway Infrastructure Ltd      NSE SME      2019
    Star Health Sciences India Ltd      NSE SME      2019
    Fusion Industries Ltd      NSE SME      2019
    Creative Gems and Jewellery Ltd      NSE SME      2019
    World Class Services Ltd      NSE SME      2019
    Exclusive Fibers Ltd      NSE SME      2019
    Rlabs Enterprise Services Ltd      NSE SME      2019
    Affine Formulations Ltd      NSE SME      2019
    Nice Projects Limited      NSE SME      2019
    Saini Alloys Ltd      NSE SME      2019
    Rajat City Developers Ltd      NSE SME      2019
    Cabcon India Ltd      NSE SME      2019
    Tejaswi Packaging Ltd      NSE SME      2019
    R.S.H. Agro Products Ltd      NSE SME      2019
    B.R. Goyal Infrastructure Ltd      NSE SME      2019
    Sumicot Limited      NSE SME      2019
    MDC Pharmaceuticals Ltd      NSE SME      2019
    Bajaj Superpack India Ltd      NSE SME      2019
    Laxmi Goldorna House Ltd      NSE SME      2019
    Rex Pipes and Cables Industries Ltd      NSE SME      2019
    Jammu Pigments Limited      NSE SME      2019
    Yash Highvoltage Ltd      NSE SME      2019
    Finecure Pharmaceuticals Ltd      NSE SME      2019
    Medibios Laboratories Limited      NSE SME      2019
    Shiva Industrial Security Agency (Gujarat) Ltd      NSE SME      2019
    Pommys Garments (India) Ltd      NSE SME      2019
    R. R. Industrial Corporation (India) Ltd      NSE SME      2019
    Saketh Exim Limited      NSE SME      2019
    Hariom Pipe Industries Ltd      NSE SME      2019
    20 Microns Nano Minerals Ltd      NSE SME      2019
    Jai Hanuman Irrigation Ltd      NSE SME      2019
    Committed Cargo Care Ltd      NSE SME      2019
    Inscribe Graphics Limited      NSE SME      2019
    Fusion Events Limited      NSE SME      2019
    Buddha Global Limited      NSE SME      2019
    POM Hydro Energy Ltd      NSE SME      2019
    Seam Industries Ltd      NSE SME      2019
    VAG Buildtech Limited      NSE SME      2019
    Swiss Parenterals Ltd.      NSE SME      2019


    Vyanka India Ltd      BSE SME      2019
    Rainbow Crop Health Ltd      BSE SME      2019
    Green Farm Bio-Gen Ltd      BSE SME      2019
    Anuroop Packaging Ltd      BSE SME      2019
    Suyog Gurbaxani Funicular Ropeways Ltd      BSE SME      2019
    Gian Life Care Ltd      BSE SME      2019
    Ramsons Food Products Ltd      BSE SME      2019
    Jiya Eco India Limited      BSE SME      2019
    Greens Food Crafts India Ltd      BSE SME      2019
    Party Cruisers Limited      BSE SME      2019
    Rajat City Developers Ltd      BSE SME      2019
    Parshva Enterprises Ltd      BSE SME      2019
    Mangalam Alloys Ltd      BSE SME      2019
    Kaneri Agro Industries Ltd      BSE SME      2019
    Pentech Metals Ltd      BSE SME      2019
    Kuberan Global Edu Solutions Ltd      BSE SME      2019
    Axiom consulting Ltd      BSE SME      2019
    Janus Corporation Ltd      BSE SME      2019
    Balaji Solutions Ltd      BSE SME      2019
    Hindustan Flex Ltd      BSE SME      2019
    Ideal Systems Ltd      BSE SME      2019
    Electra Accumulators Ltd      BSE SME      2019
    Astra Metal Systems Ltd      BSE SME      2019
    Cineom Broadcast India Ltd      BSE SME      2019
    Dream Gateway Hotels Ltd      BSE SME      2019
    Aquarius Shipyard Limited      BSE SME      2019
    Satyasai Pressure Vessels Ltd      BSE SME      2019
    Vikas Road Carriers Ltd      BSE SME      2019
    Sterling Chemicals & Alcohols Ltd      BSE SME      2019
    Shah Investor's Home Ltd      BSE SME      2019
    Aventez Media &Technologies Limited      BSE SME      2019
    S K Masala and Foods Limited      BSE SME      2019
    Farmico Cold Storage      BSE SME      2019


    some ipos are already listed in this year

    keep watch for next update
    19.1. Sumit Raut |Nov 28, 2019 11:19:28 AM
    Why lot sizes are always higher for SME IPOs?
    19.2. Small Investor |Nov 28, 2019 11:26:55 AM
    IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
    Sumit
    in sme ipo minimum amount for one lot is Rs 1lk ,so lot size big
    18. RAJAKUMAR |Nov 28, 2019 8:25:32 AM
    IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
    Dear Splendid
    I am not recommend to apply or not. Because sme stock always risky.