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Open
26 Nov 2019
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Close
28 Nov 2019
3
Allotment
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Listing
Fri, Dec 6, 2019
Price Band
₹30 per share
Issue Size
21,08,000 shares (agg. up to ₹6 Cr)
Lot Size
4,000 Shares
Listing Date
Fri, Dec 6, 2019
Latest GMP
₹0
✦ AI Insight
GMP Trend
27-10-2025₹0Est. ₹—+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.32x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2019 | 31 Mar 2019 | 31 Mar 2018 | 31 Mar 2017 |
|---|---|---|---|---|
| Assets | 26.91 | 27.05 | 16.20 | 8.13 |
| Total Income | 2.62 | 9.14 | 6.24 | 3.66 |
| Profit After Tax | 1.97 | 3.45 | 4.44 | 0.49 |
| NET Worth | 16.23 | 14.26 | 10.76 | 6.12 |
| Reserves and Surplus | 10.53 | 8.56 | 5.05 | 0.56 |
| Total Borrowing | 9.67 | 10.34 | 4.97 | 1.15 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | For the purpose of onward lending, financing and augmenting the capital base | 4.47 |
| 2 | General Corporate purpose | 1.45 |
| 3 | Issue expenses | 0.41 |
About Ascom Leasing IPO
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. ProductsMicro-Enterprise Loans (Loan against property/ Personal Loan)Pre-Owned Vehicle LoansHome 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 Mark
Contact Details
Ascom Leasing & Investments Ltd. Address331, 3rd floor, Four Point ComplexVesuBesides Maniba ParkSurat, Gujarat, 395007+91 9825140403info@ascomfinance.comVisit Website