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 DateNov 26, 2019
    IPO Closing DateNov 28, 2019
    Issue TypeFixed Price Issue IPO
    Face Value₹10 per equity share
    IPO Price₹30 per equity share
    Market Lot4000 Shares
    Min Order Quantity4000 Shares
    Listing AtNSE 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).

    ApplicationLotsSharesAmount (Cut-off)
    Minimum14000₹120,000
    Maximum14000₹120,000

    Ascom Leasing IPO Promoter Holding

    Pre Issue Share Holding98.94%
    Post Issue Share Holding72.24%

    Ascom Leasing IPO Subscription Status (Bidding Detail)

    The Ascom Leasing IPO is subscribed 1.47x times on Nov 28, 2019 18:30. The public issue subscribed 1.03x in the retail category, in the QIB category, and 1.92x in the NII category. Check Day by Day Subscription Details (Live Status)

    CategoryIPO Subscription
    NII

    1.92x

    RII

    1.03x

    Total

    1.47x

    Ascom Leasing IPO Prospectus

    Ascom Leasing IPO Rating

    71
    3.3
    Rating:Rated 3.3 stars

    Vote Here ...

    Ascom Leasing IPO Listing Date

    Listing DateFriday, December 6, 2019
    BSE Script Code
    NSE SymbolASCOM
    Listing InST Group of Securities
    ISININE08KD01015
    IPO Price₹30 per equity share
    Face Value₹10 per equity share

    Listing Day Trading Information

    .
    IPO Price
    Open
    Low
    High
    Last Trade
    Volume
    NSE SME
    IPO Price:₹30.00
    Open:₹30.25
    Low:₹30.25
    High:₹30.60
    Last Trade:₹30.25
    Volume:272,000

    Ascom Leasing IPO Reviews / Ratings

    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
       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 FAQs

    1. What is Ascom Leasing IPO?

      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.

    2. When Ascom Leasing IPO will open?

      The Ascom Leasing IPO opens on Nov 26, 2019 and closes on Nov 28, 2019.

    3. What is the lot size of Ascom Leasing IPO?

      Ascom Leasing IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.

    4. How to apply for Ascom Leasing IPO?

      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.

    5. When Ascom Leasing IPO allotment?

      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.

    6. When is Ascom Leasing IPO listing date?

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

    Ascom Leasing IPO Message Board

    Ranked Members  Ranked Members

    Loading...
    37. Small Investor |Dec 10, 2019 09:52
    IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
    Got 0 in RII But Got 590 Shares In SH Quota
    37.1. Ipo.... |Dec 10, 2019 10:05
    Sold all my 3 lot at 30.25
    37.2. Small Investor |Dec 10, 2019 13:17
    IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
    i also sold 2 lot and one hold yet for hope of few profit till this weakend
    36. RAJAKUMAR |Nov 28, 2019 22:55
    IPO Guru IPO Guru (1400+ Posts, 1000+ Likes)
    Total Shareholder of Ujjivan as on 22.11.2019 is 1,00,489
    36.7. Small Investor |Dec 6, 2019 10:03
    IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
    Dear Raja
    you hold yet this stock ,i also hold 2 lot and 1 sold
    36.8. RAJAKUMAR |Dec 6, 2019 22:37
    IPO Guru IPO Guru (1400+ Posts, 1000+ Likes)
    Dear Small
    i sold all lot at 30.25
    Contact me i given email in this page
    35. Small Investor |Dec 6, 2019 08:22
    IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
    almost 560000 buyer and 120000 seller
    35.8. Learner.. |Dec 6, 2019 09:45
    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 10:43
    IPO Guru IPO Guru (1400+ Posts, 700+ 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 09:47
    Dear small sold it or wait
    34.1. Small Investor |Dec 6, 2019 10:00
    IPO Guru IPO Guru (1400+ Posts, 700+ 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 08:10
    opening at 52+++
    33.1. Small Investor |Dec 6, 2019 08:20
    IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
    30.20 at tat time pre open price
    32. Small Investor |Dec 6, 2019 08:00
    IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
    ASCOM LISTIN TODAY
    31. ravi dhingra |Dec 5, 2019 10:07
    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 16:43
    IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
    ASBA is best and One Bank is Enough
    31.4. BLR |Dec 5, 2019 20:35
    Thank You.
    30. bishal kumar |Dec 5, 2019 14:16
    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 16:54
    IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
    9.00am to 9.45am
    30.6. JHUNJHUNWALA SAKET |Dec 5, 2019 17:53
    thanks small bro for saving my time
    29. Small Investor |Dec 5, 2019 16:41
    IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
    Got 3/3 and will sold tomorrow morning
    28. JHUNJHUNWALA SAKET |Dec 5, 2019 09:07
    it will list tommorow gmp3+,
    listing on 6th dec
    28.1. Small Investor |Dec 5, 2019 09:47
    IPO Guru IPO Guru (1400+ Posts, 700+ 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 14:01
    Hi sir...
    Are you sure gmp 3+...
    27. bishal kumar |Dec 5, 2019 07:14
    Dear small
    When will Ascom list
    And how many lots did u get
    U applied for 3
    26. Bhandodi |Dec 4, 2019 06:58
    Dear Small when will ascom listing i have received allotment msg
    25. RAJAKUMAR |Nov 28, 2019 22:57
    IPO Guru IPO Guru (1400+ Posts, 1000+ Likes)
    Dear v for vendetta
    5600
    25.4. papon |Nov 29, 2019 21:59
    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 22:01
    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 11:19
    IPO Guru IPO Guru (1400+ Posts, 1000+ 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 11:17
    IPO Guru IPO Guru (1400+ Posts, 1000+ 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 09:41
    IPO Guru IPO Guru (1400+ Posts, 1000+ 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 07:56
    IPO Guru IPO Guru (1000+ Posts, 1600+ 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 20:09
    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 13:03
    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 15:37
    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 15:55
    IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
    now firm allotment not possible because RII Cross 1x
    20. Small Investor |Nov 28, 2019 10:35
    IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
    Dear Raja,Dinesh,
    i apply for 3 lot today
    20.3. Ipo.... |Nov 28, 2019 12:49
    Can we expect listing gains
    20.4. Ipo.... |Nov 28, 2019 12:51
    As pe bv are looking gud
    19. Small Investor |Nov 23, 2019 12:07
    IPO Guru IPO Guru (1400+ Posts, 700+ 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
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    20 Microns Nano Minerals Ltd      NSE SME      2019
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    Committed Cargo Care Ltd      NSE SME      2019
    Inscribe Graphics Limited      NSE SME      2019
    Fusion Events Limited      NSE SME      2019
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    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


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    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
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    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
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    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 10:19
    Why lot sizes are always higher for SME IPOs?
    19.2. Small Investor |Nov 28, 2019 10:26
    IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
    Sumit
    in sme ipo minimum amount for one lot is Rs 1lk ,so lot size big
    18. RAJAKUMAR |Nov 28, 2019 07:25
    IPO Guru IPO Guru (1400+ Posts, 1000+ Likes)
    Dear Splendid
    I am not recommend to apply or not. Because sme stock always risky.







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