 
Ascom Leasing IPO description – Ascom Leasing started its business as NBFC in 2001 with the mission of providing services to economically active poor who are not adequately served by the financial institutions. The company is engaged in the business of finance, hire purchase, leasing and lending terms loans, mortgage financing. Its customers include first-time buyers of vehicles, self-employed and professional or non-professional individuals, small and medium entrepreneurs and customers with informal income and limited banking and credit history.
As of 30 June 2019, the company had more than 2,000 active customers. Ascom Leasing’s operations are concentrated in Gujarat only. Being a Non-Deposit NBFC, the company is not entitled to take deposit from the general public and sources the funds from the promoter investments and bank funding. The company’s products can be classified under two broad categories, namely, mortgage loans and individual loans with the following characteristics:
Loan to Value (LTV) Ratio:
- In Loan against property, the LTV ratio is 50 % as calculated Market Value.
- For Home renovation loan, the LTV ratio is 60-65% as calculated Market Value.
Home Renovation loan:
- Tenure : Max 60 Months
- Interest rate: 18% to 24 % per annum
- Standard fee of INR1,950/- per file along with the stamp duty on registration is payable by the customers.
Ascom Leasing promoters – Mr Tushar Rohitbhai Pandya
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Ascom Leasing – Upcoming IPO details |
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| Subscription Dates | 26 – 28 November 2019 |
| IPO Price band | INR30 per share |
| Fresh issue | 2,108,000 shares (INR6.32 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,108,000 shares (INR6.32 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Minimum investment | INR120,000 |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge platform |
Use of funds
- Onward lending, financing and augmenting the capital base – INR4.47 crore
- General Corporate Purpose – INR1.45 crore
- Issue Expenses – INR0.41 crore
| Ascom Leasing’s standalone financial performance (in INR crore) | |||
| FY2017 | FY2018 | FY2019 | |
| Total revenue | 3.66 | 6.24 | 9.14 |
| Total expenses | 2.81 | 1.11 | 2.40 |
| Profit after tax | 0.49 | 4.44 | 3.45 |
Ascom Leasing Contact Detail
Ascom Leasing & Investments LimitedÂ331, 3rd floor
Four Point Complex, Vesu, besides Maniba Park
Surat, Gujarat 395007 Phone:Â +91 9825140403
Email:Â [email protected]
Website:Â www.ascomfinance.com
Ascom Leasing IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.11 |
| Day 2 | 0.96 |
| Day 3 | 1.40 |
Ascom Leasing Valuation (For FY2019)
Earnings Per Share (EPS): INR6.06
Price/Earnings (P/E) ratio: 4.13
Return on Net Worth (RONW): 24.22%
Net Asset Value (NAV): INR25.01 per share
Registrar of Ascom Leasing IPO
Skyline Financial Services Pvt LtdA/505, Dattani Plaza, Andheri Kurla Road
Safeed Pool, Andheri (E), Mumbai- 400072
Maharashtra, India Phone: +91 22 2851Â 1022
Email:Â [email protected]
Website: www.skylinerta.com
Ascom Leasing IPO Allotment Status
Ascom Leasing IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.
Listing performance of Ascom Leasing
IPO Opening Date: 26 November 2019
IPO Closing Date: 28 November 2019
Listing Date: 6 December 2019
Listing Price on NSE SME: INR30.25 per share (up 0.83% from IPO price)
Closing Price on NSE SME:Â INR30.25 per share (up 0.83% from IPO price)
