Ascom Leasing & Investments IPO Dates, Allotment, Bid Details, Subscription, Price & Size

In this article, we will discuss in details about the Ascom Leasing & Investments IPO dates, size, its 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 DateNA
Close DateNA
IPO Price BandNA
Face ValueRs. 10
No. of Shares20,03,214
Share PriceRs. []
Share PremiumRs. []
IPO SizeRs. []

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Summary – Ascom Leasing & Investments Limited

Ascom Leasing & Investments IPOAscom 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 which is primarily engaged in providing bespoke Indian Rupee denominated financing solutions to individuals and corporates 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 sub-divided 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 month’s period ended June 30, 2019 was Rs. 366 Lakhs, Rs. 624 Lakhs, Rs. 914 Lakhs and Rs. 262 Lakhs, respectively. Its profit after tax in Financial Years 2017, 2018, 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 the closing date of Ascom Leasing & Investments IPO is not known yet.


Ascom Leasing & Investments IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day – 
3rd Day – 
4th Day – 
5th Day – 
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 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 the financial institutions. This Company is engaged in the business of finance, trading, hire purchase, leasing and lending terms loans, 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 sub-divided into education, home improvement, home purchase, vehicle purchase, etc.

As of June 30, 2019, they served over 2062 customers with the business size of 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

On the basis of Standalone statement:-

Amount (in INR & lakhs)  
31-Mar-1931-Mar-1831-Mar-17
Total Assets27,04,56,68916,20,13,4458,13,27,845
Total Revenue9,14,29,1206,24,28,2223,66,31,600
Total Expense2,39,58,4491,11,11,4562,81,29,332
Profit After Tax3,45,36,6134,44,16,30848,57,963

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,
Safeed 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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