In this article, we will discuss in detail the Ascom Leasing & Investments IPO dates, size, allotment status, Ascom Leasing & Investments IPO subscription, grey market premium, and its company’s financial status that will help you to conclude whether you should invest or subscribe for this IPO or not.
| Ascom Leasing & Investments IPO Highlights | |
| Open Date | NA |
| Close Date | NA |
| IPO Price Band | NA |
| Face Value | Rs. 10 |
| No. of Shares | 20,03,214 |
| Share Price | Rs. [] |
| Share premium | Rs. [] |
| IPO Size | Rs. [] |
Summary – Ascom Leasing & Investments Limited
Ascom Leasing & Investments Company was incorporated in the year 1986. This Company is a Non-Banking Finance Company (“NBFC”) registered with the Reserve Bank of India as a non-deposit-taking company.
They are a professionally managed and institutionally owned organization that is primarily engaged in providing bespoke Indian Rupee denominated financing solutions to individuals and corporate borrowers in India.
They offer a diverse range of loan products to cater to the specific requirements of their customers. Their products can be classified under two broad categories, namely, mortgage loans and individual loans. Depending upon the end-use, these products can be further subdivided into education, home improvement, home purchase, vehicle purchase, etc.
The Promoter of this company is Mr. Tushar Rohitbhai Pandya. The lead manager to the issue is Fast Track Finsec Private Limited and the Registrar to this issue is Skyline Financial Services Limited.
Ascom Leasing & Investments IPO Review
The total revenues in Financial Years 2017, 2018, and 2019 and for the three months ended June 30, 2019, were Rs. 366 Lakhs, Rs. 624 Lakhs, Rs. 914 Lakhs, and Rs. 262 Lakhs, respectively. Its profit after tax in Financial Years 2017, 2018, and 2019 and the three-month period ended June 30, 2019, was Rs. 49 Lakhs, Rs. 444 Lakhs, Rs. 345 Lakhs, and Rs. 196 Lakhs, respectively.
Ascom Leasing & Investments IPO Date
The opening and closing date of Ascom Leasing & Investments IPO is not known yet.
Ascom Leasing & Investments IPO Subscription
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| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Ascom Leasing & Investments IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Ascom Leasing & Investments IPO Grey Market Premium
The Ascom Leasing & Investments IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X, and the Subject to Sauda is X.
Ascom Leasing & Investments IPO Price
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Ascom Leasing & Investments IPO Issue Size
Issue of 20,03,214 Equity Shares of the face value of Rs.10/- each.
Ascom Leasing & Investments – Company Overview
Ascom Leasing & Investments was incorporated in the year 1986, They started Their business as NBFC in 2001 with the mission of providing services to economically active poor who are not adequately served by financial institutions. This Company is engaged in the business of finance, trading, hire purchase, leasing and lending terms loans, and mortgage financing.
Their 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 June 30, 2019, they have around 2000 plus active customers.
They offer a diverse range of loan products to cater to the specific requirements of their customers. The products can be classified under two broad categories, namely, mortgage loans and individual loans. Depending upon the end use, these products can be further subdivided into education, home improvement, home purchase, vehicle purchase, etc.
As of June 30, 2019, they served over 2062 customers with a business size exceeding Rs. 20 Cr. Their growth has been rapid and calibrated in equal measure. They believe they are a customer-centric organization, and this is reflected in their customer retention ratio. They have a dedicated service quality department addressing customer grievances and their feedback.
Ascom Leasing & Investments – Company Financials
Based on the Standalone statement:-
| Amount (in INR & lakhs) | |||
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Total Assets | 27,04,56,689 | 16,20,13,445 | 8,13,27,845 |
| Total Revenue | 9,14,29,120 | 6,24,28,222 | 3,66,31,600 |
| Total Expense | 2,39,58,449 | 1,11,11,456 | 2,81,29,332 |
| Profit After Tax | 3,45,36,613 | 4,44,16,308 | 48,57,963 |
Ascom Leasing & Investments IPO Lead Managers
| Lead Managers |
| FAST TRACK FINSEC PRIVATE LIMITED B 502, Statesman House, 148 Barakhamba Road, New Delhi -11000, India. Telephone: +91 11-43029809 Email: mb@ftfinsec.com Contact Person: Pawan kumar Mahur Investor grievance email: investor@ftfinsec.com Website: www.ftfinsec.com SEBI registration number: INM000012500 CIN: U65191DL2010PTC200381 |
Ascom Leasing & Investments IPO Registrar to Offer
| Registrar to the Offer |
| Skyline Financial Services Limited A/505, Dattani Plaza, Andheri Kurla Road, Safed Pool, Andheri (E), Mumbai- 400072 Telephone: +91 22-28511022/ 02249721245 Email: mumbai@ skylinerta.com Investor grievance email: grievances@skylinerta.com Contact Person: Mr. Subhash Dhingreja Website: www.skylinerta.com SEBI Registration Number: INE000003241 CIN: U74899DL1995PTC071324 |
Ascom Leasing & Investments IPO Conclusion
Ascom Leasing & Investments IPO News
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