Ascom Leasing and Investments Limited
Fixed Price Issue IPO · NSE
- Price band
- ₹30 - ₹30
- Lot size
- 4,000 shares
- Issue amount
- ₹6.32 cr
- Total subscription
- 0×
- Opens
- 26 Nov 2019
- Closes
- 28 Nov 2019
- Allotment
- 4 Dec 2019
- Listing
- 6 Dec 2019
Offer at a glance
Issue overview
- Issue size
- 21,08,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,20,000
- Fresh issue
- ₹0 cr
- Offer for sale
- ₹0 cr
- Registrar
- Skyline Financial Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,20,000
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 57,01,453
- Shares after issue
- 78,09,453
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 4,000 | ₹1,20,000 |
| HNI | 2 | 8,000 | ₹2,40,000 |
Share reservation
Subscription & GMP
Subscription by category
Subscription figures are awaiting publication.
GMP history
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Company information
Company profile
Ascom Leasing & Investments Ltd, established in 1986, is a non-banking financial company that provides financial services to economically active individuals who are often underserved by traditional banks. The company offers individual and mortgage-based loans, along with leasing and hire purchase services, with key products including micro-enterprise loans such as loans against property and personal loans, pre-owned vehicle loans, and home renovation loans. As of June 30, 2019, it served around 2,000 active customers with a business size of over ₹20 crore, primarily operating in Gujarat while following a decentralized model to support expansion across India. As an NBFC, the company does not accept public deposits and depends on bank borrowings and promoter funding, maintains loan-to-value ratios of about 50% for property-backed loans and 60–65% for home renovation loans, and caters mainly to professionals, self-employed individuals, first-time vehicle buyers, and small and medium business owners with limited access to formal credit.
Strengths
- Focused on customer needs and satisfaction
- Presence across all of India
- Strong operational network in Gujarat
- Well-defined risk assessment process
Promoters
Mr. Tushar Rohitbhai Pandya
Registrar & documents
Lead manager
Fast Track Finsec Private Limited
Registrar & contacts
Skyline Financial Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
331, 3rd floor, Four Point Complex, Vesu, besides Maniba Park, Surat, Gujarat 395007
+91 9825140403
[email protected]Company website ↗Understanding ASCOM IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.