Ascom Leasing and Investments IPO Review

IPO Status: Closed [26th Nov 2019 to 28th Nov 2019]

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Incorporated Year: 2001
Sector: Non Banking Finance Company
Website: www.ascomfinance.com

Ascom Leasing & Investments Limited IPO

The IPO of Ascom Leasing and Investments Limited opens on 26th Nov 2019 and closes on 28th Nov 2019. The company is offering shares in the price band of ₹30 per equity share.

About Ascom Leasing and Investments Limited (ALIL)

Ascom Leasing and Investments Limited is the Gujarat based NBFC engaged in the business of finance, hire purchase, leasing and lending terms loans, and mortgage financing. The company's mission is to serve economically poor who are not adequately served by the financial institutions. The customers of ALIL includes first-time buyers of vehicles, self-employed, professional or nonprofessional individuals, small and medium entrepreneurs and customers with informal income and limited banking and credit history.

As of June 30, 2019, the company has around 2000 plus active customers and presence in more than 22 districts of Gujarat.

The company offer a diverse range of financial products and services targeted at the low and middle income customer segments. The products offered by ALIL are

  1. Micro-Enterprise Loans (Loan against property / Personal Loan)

      Micro-enterprise loan is provided in two categories.

    • loans up to ₹15,000 to ₹10,00,000 typically to government employed personnel.
    • loans ranging between ₹ 10,00,001 and ₹ 5,00,00,000, typically to self employed persons.
  2. Pre-Owned Vehicle Loans

      Pre-owned Vehicle Loans is provided primarily to self-employed and salaried individuals as well as professionals.
  3. Home Renovation Loans

      Housing loan is provided to customers for the purchase of new and old houses, construction of houses on owned plots, home improvement and for the purchase and construction of commercial property. Customers in this segment typically include salaried and self-employed individuals.

Ascom Leasing & Investments IPO Objective

The objective of the issue is to utilize the proceeds of the Fresh Issue to meet the following objects:

  • For onward lending, financing and augmenting the capital base.
  • General corporate expenses.
  • To meet the Issue expenses.

Ascom Leasing IPO Subscription Details

Latest update on Ascom Leasing IPO Subscription.

    Ascom Leasing IPO Subscription
    Details Non Institutinol Investors (NII) Retail Individual Investors (RII) Total
    Shares Available 1,000,000 1,000,000 2,000,000
    Day 1 - Nov 26, 2019 18:01 0.15x 0.07x 0.11x
    Day 2 - Nov 27, 2019 17:01 1.68x 0.34x 1.01x
    Day 3 - Nov 28, 2019 18:01 1.92 1.03x 1.47x

Ascom Leasing & Investments IPO Details

Ascom Leasing & Investments IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

    Ascom Leasing & Investments IPO Details
    Ascom Leasing & Investments Issue Details Values
    IPO Category SME
    IPO Issue Type Fixed Price Issue
    IPO Issue Size 20,08,000 Eq Shares of ₹10 (aggregating up to ₹632.40 lakhs)
    Face Value ₹10 Per Equity Share
    IPO Issue Price ₹30 Per Share
    IPO Discount ₹0
    Market Lot 4000 shares
    Min Order Qty 4000 shares
    Max Retail Qty 4000 shares
    Promoter Holding Pre IPO 98.94%
    Promoter Holding Post IPO 72.24%
    IPO Listing At NSE SME
    BSE Code TBD
    NSE Code TBD

Ascom Leasing & Investments Financials for past 3 Years

Past performance and financial results of Ascom Leasing & Investments.

    Ascom Leasing & Investments financial
    Ascom IPO Financials 31-Mar-2019 31-Mar-2018 31-Mar-2017
    Total Assets ₹27.04 Cr ₹16.20 Cr ₹8.13 Cr
    Total Expense ₹2.40 Cr ₹1.11 Cr ₹2.81 Cr
    Net Profit/Loss ₹3.45 Cr ₹4.44 Cr ₹0.48 Cr

Ascom Leasing & Investments IPO Strengths

  • Deep market knowledge through extensive sourcing channels.
  • Robust credit assessment and risk management framework.
  • Experienced management team with reputed investors.
  • Customer-centric approach, healthy customer retention ratio and customer protection initiatives.
  • Decentralized management structure.

Ascom Leasing & Investments IPO Threats/Weaknesses

    Threats for Comapny

  • Presence in one state only.
  • Operational,credit and political risks which may result in increased levels of NPAs.
  • Volatility in interest rates could cause net interest income to decline.
  • Competition from banks and other Non-Banking financial Companies.

Ascom Leasing & Investments IPO Recommendations

Ascom Leasing & Investments IPO Important Dates

In this section we have covered all imporatant dates related to Ascom Leasing & Investments IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

    Ascom Leasing & Investments IPO important dates
    IPO Activity Date
    IPO Issue Open Date 26th Nov 2019
    IPO Issue Close Date 28th Nov 2019
    Basis of Allotment Finalisation Date* Not Yet Announced
    Refunds Initiation* Not Yet Announced
    Credit of Shares to Demat Account* Not Yet Announced
    IPO Listing Date* Not Yet Announced

* - Tentative Dates

Ascom Leasing & Investments IPO Draft Prospectus >>Document

Ascom Leasing & Investments IPO Red Herring Prospectus >>Document

Ascom Leasing & Investments IPO Allotment Status >>Ascom Leasing & Investments IPO Allotment is not declared yet, expected to be declear by Not Yet Announced, will provide the link once allotment is out.

Company Address

Ascom Leasing & Investments Limited
ADITYA GROUP 331,
Four Point Complex,
VIP road ,Vesu,
Surat-395007
Gujarat

Website: www.ascomfinance.com
Email: [email protected]
Phone: 9825140403

Registrar

SKYLINE FINANCIAL SERVICES PVT LIMITED
A/505, Dattani Plaza,
Andheri Kurla Road,
Safeed Pool,
Andheri (E),
Mumbai- 400072

Lead Manager

  • Fast Track Finsec Private Limited
Ascom Leasing & Investments IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Ascom Leasing & Investments? Should I apply in Ascom Leasing & Investments IPO?

Last Updated on 2019-12-03T04:09:37+00:00

Ascom Leasing & Investments IPO FAQs

  1. 1 .How to subscribe Ascom Leasing & Investments IPO in Zerodha?

    Now you can apply in online IPO application via Zerodha back office software "console". You can subscribe Ascom Leasing & Investments IPO with Zerodha. You need to apply application online using UPI payment mode. To purchase Ascom Leasing & Investments IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detail article Step by Step Guide to apply Ascom Leasing & Investments IPO with Zerodha.

    Alternate approch to apply in Ascom Leasing & Investments IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    Ascom Leasing & Investments IPO Review and Important Updates

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  2. 2 .How to apply in Ascom Leasing & Investments IPO online?

    Apply in Ascom Leasing & Investments IPO online

    To subscribe or apply in Ascom Leasing & Investments IPO, you can use the following methods:

    Ascom Leasing & Investments IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in Ascom Leasing & Investments IPO directly with your brokers website. Example HDFC Security, ICICI Direct, AxisDirect and so on are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online are providing you access to applying in Ascom Leasing & Investments IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in Ascom Leasing & Investments IPO. Max syndicate bank provide you access to apply in Ascom Leasing & Investments IPO via ASBA process. You must have your net banking access, DP ID information to apply in Ascom Leasing & Investments IPO via ASBA. Bank like Axis, SBI allows you to apply max 5 application from one bank account. Where ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in Ascom Leasing & Investments IPO via physical application, but you can’t apply physical application via ASBA. You need to apply physical application via UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    Ascom Leasing & Investments IPO Review and Important Updates

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  3. 3 .How to download online application form for Ascom Leasing & Investments IPO?

    Applying in Ascom Leasing & Investments IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Ascom Leasing & Investments IPO application online and submit to nearest bank or to your broker. With new mandate from SEBI all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

    For more details on how to use UPI payment method to apply Ascom Leasing & Investments IPO, please refer article >> Link

    Ascom Leasing & Investments IPO Review and Important Updates

    Steps to download the online application form for Ascom Leasing & Investments IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 4000 shares and max 4000 shares.
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

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  4. 4 .What is the listing date of Ascom Leasing & Investments IPO?

    Ascom Leasing & Investments IPO is going to be list on TBD. NSE Code for Ascom Leasing & Investments is TBD. BSE Code for Ascom Leasing & Investments is TBD.

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  5. 5 .When Ascom Leasing & Investments IPO will be allocated?

    Ascom Leasing & Investments IPO Allotment Date is TBD.

    Other revelevent question on same topics are:

    Ascom Leasing & Investments IPO share allotment date?Ascom Leasing & Investments IPO allotment date?

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  6. 6 .When Ascom Leasing & Investments IPO will be open?

    Ascom Leasing & Investments IPO Issue Open Date is 26-11-2019.

    Other revelevent question on same topics are:

    Ascom Leasing & Investments IPO start date? When Ascom Leasing & Investments IPO Open Date? When to invest in Ascom Leasing & Investments IPO?

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  7. 7 .When Ascom Leasing & Investments IPO will be close?

    Ascom Leasing & Investments IPO Issue Close Date is 28-11-2019.

    Other revelevent question on same topics are:

    Ascom Leasing & Investments IPO end date? When Ascom Leasing & Investments IPO Close Date? Last Date to invest in Ascom Leasing & Investments IPO?

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  8. 8 .What is price of Ascom Leasing & Investments IPO for retail investor?

    Ascom Leasing & Investments IPO price for retail investor is ₹30 Per Share. Company is also offering special discount of ₹0.

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  9. 9 .What is lot size of Ascom Leasing & Investments IPO for retail investor?

    Ascom Leasing & Investments IPO lot size for retail investor is 4000 shares(Min) and 4000 shares (Max).

    Other revelevent question on same topics are:

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  10. 10 .Can I invest in Ascom Leasing & Investments IPO via UPI?

    Yes, you can invest in Ascom Leasing & Investments IPO via UPI. If aplying online you can use UPI as well as ASBA any one process, if applting in physical form UPI is mandatory.

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  11. 11 .What is minimum amount retail investor need to apply for one application of Ascom Leasing & Investments IPO?

    To apply in one application of Ascom Leasing & Investments IPO you need ₹30 Per Share(Issue Price) - ₹0 (discount) * 4000 shares (Minum Order Qty) =₹1,20,000.

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User Comments

avatar
1. Prakash Chandra Kalal  11/26/2019 11:28:45 AM Reply
Subscribe or not? Please suggest
avatar
2.1. Amit Gosh  11/26/2019 12:54:03 PM
Just wait for day one to complete - Looking attractive but how much HNI subscribe on day one they decide, also 2 mainline IPO - CSB and Ujiivan can also affect the performance of this IPO.

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