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Ascom Leasing IPO is a fixed price issue of Rs 6.32 crores.
Ascom Leasing IPO bidding started from November 26, 2019 and ended on November 28, 2019. The shares got listed on NSE SME on December 6, 2019.
Ascom Leasing IPO price is ₹30 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Fast Track Finsec Pvt Ltd is the book running lead manager of the Ascom Leasing IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.
Refer to Ascom Leasing IPO RHP for detailed information.
| IPO Date | November 26, 2019 to November 28, 2019 |
| Listing Date | December 6, 2019 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 2,108,000 shares (aggregating up to ₹6.32 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 5,701,453 |
| Share holding post issue | 7,809,453 |
| Market Maker portion | 108,000 shares |
Ascom Leasing IPO offers 2,108,000 shares. 1,000,000 (47.44%) to NII, 1,000,000 (47.44%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 108,000 (5.12%) |
| Other Shares Offered | 1,000,000 (47.44%) |
| Retail Shares Offered | 1,000,000 (47.44%) |
| Total Shares Offered | 2,108,000 (100%) |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
| Lot Size Calculator | |||
Mr. Tushar Rohitbhai Pandya is the promoter of the company.
| Share Holding Pre Issue | 98.94% |
| Share Holding Post Issue | 72.24% |
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
[Dilip Davda] 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 November 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) |
|---|---|
| Other | 1.92 |
| Retail | 1.03 |
| Total | 1.47 |
| Listing Date | December 6, 2019 |
| BSE Script Code | |
| NSE Symbol | ASCOM |
| ISIN | INE08KD01015 |
| Final Issue Price | ₹30 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹30.00 |
| ₹30.25 |
| ₹30.25 |
| ₹30.60 |
| ₹30.25 |
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/ipo.php
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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 November 26, 2019, and closes on November 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 November 26, 2019 and closes on November 28, 2019.
Ascom Leasing IPO lot size is 4000 Shares, and the minimum amount required is ₹120,000.
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, Nuvama, 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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