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.
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).
Mr. Tushar Rohitbhai Pandya is the promoter of the company.
| Particulars | For the year/period ended (₹ 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
| IPO Date | Nov 26, 2019 - Nov 28, 2019 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 2,108,000 Eq Shares of ₹10 (aggregating up to ₹6.32 Cr) |
| 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 |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹120,000 |
| Maximum | 1 | 4000 | ₹120,000 |
| Pre Issue Share Holding | 98.94% |
| Post Issue Share Holding | 72.24% |
No. of Times Issue Subscribed (BSE + NSE) | |||
|---|---|---|---|
As on Date & Time | NII | RII | Total |
Shares Offered | 1,000,000 | 1,000,000 | 2,000,000 |
Nov 28, 2019 18:30 | 1.92x | 1.03x | 1.47x |
| Listing Date | Friday, December 6, 2019 |
| BSE Script Code | |
| NSE Symbol | ASCOM |
| Listing In | ST |
| ISIN | INE08KD01015 |
| IPO Price | ₹30 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
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
D-153A, 1st Floor,
Okhla Industrial Area, Phase-I,
New Delhi -110020
Phone: +91 - 11 - 2681
Email: grievances@skylinerta.com
Website: http://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 price of the IPO is ₹30 Per Equity Share. The minimum order quantity is 4000 Shares per application and the offer type is Fixed Price Issue.
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 application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
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.
Ascom Leasing IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.
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