Ascom Leasing and Investments IPO Review

About Company - Ascom Leasing & Investments

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 SME 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.