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Ascom Leasing IPO is a fixed price issue of ₹6.32 crores. The issue is entirely a fresh issue of 0.21 crore shares of ₹6.32 crore.
Ascom Leasing IPO bidding started from Nov 26, 2019 and ended on Nov 28, 2019. The shares got listed on NSE SME on Dec 6, 2019.
Ascom Leasing IPO price is ₹30.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,40,000.
Fast Track Finsec Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Jainam Broking Ltd..
Refer to Ascom Leasing IPO RHP for detailed Information.
| IPO Date | November 26, 2019 to November 28, 2019 |
| Listing Date | December 6, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 21,08,000 shares (aggregating up to ₹6.32 Cr) |
| Reserved for Market Maker | 1,08,000 shares Jainam Broking Ltd. (aggregating up to ₹0.3240 Cr) |
| Net Offered to Public | 20,00,000 shares (aggregating up to ₹6.00 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 57,01,453 shares |
| Share Holding Post Issue | 78,09,453 shares |
Ascom Leasing IPO offers total 21,08,000 shares. Out of which 10,00,000 (47.44%) allocated to NII, 10,00,000 (47.44%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,08,000 (5.12%) |
| NII (HNI) Shares Offered | 10,00,000 (47.44%) |
| Retail Shares Offered | 10,00,000 (47.44%) |
| Total Shares Offered | 21,08,000 (100.00%) |
Ascom Leasing IPO opens on November 26, 2019, and closes on November 28, 2019.
| IPO Open Date | Tue, Nov 26, 2019 |
| IPO Close Date | Thu, Nov 28, 2019 |
| Tentative Listing Date | Fri, Dec 6, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Nov 28, 2019 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,20,000 |
| Retail (Max) | 1 | 4,000 | ₹1,20,000 |
| HNI (Min) | 2 | 8,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
As of 30th June 2019, it has around 2000 active customers with the business size of more than Rs 20 crore. The business operation of the company is situated in the Gujarat state only. The decentralized management structure helps the company to manage pan-India presence. As it is an NBFC, it cannot take deposits from the public. The fund requirement of the company is fulfilled by the banks and promoters' investment. Ascom Leasing doesn't generate any revenue from the trading operations as of now.
Loan-to-value (LTV) ratio of Ascom Leasing for loan against property and home renovation loan is 50 % and 60-65% respectively, as calculated Market Value. The customers of the company are mostly professional, self-employed or nonprofessional individuals, first-time buyers of vehicles, customers with informal income, customers with limited banking & credit history, and small and medium entrepreneurs (SMEs).
| Particulars | For the year/period ended (Rs in Lakh) | |||||
|---|---|---|---|---|---|---|
| 30-June-19 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | ||
| Total Assets | 2,690.92 | 2,704.56 | 1,620.13 | 813.27 | 665.37 | |
| Total Revenue | 261.77 | 914.29 | 624.28 | 366.31 | 97.15 | |
| Profit After Tax | 196.85 | 345.36 | 444.16 | 48.57 | 4.36 | |
The Company Ascom Leasing IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | For the purpose of onward lending, financing and augmenting the capital base | 4.47 |
| 2 | General Corporate purpose | 1.45 |
| 3 | Issue expenses | 0.41 |
[Dilip Davda] As per minuscule financial data, ALIL has shown super earnings in the last two fiscals and the trend are continuing as indicated by Q1 FY20 earnings. However, as the NBFC segment is currently facing rough weather with rising NPAs, most of them are showing dull performances. ALIL is not at all a master in the segment and its super performance raises concern for sustainability. Although IPO pricing appears lucrative based on its super earnings in recent years, in the light of negativity emerging for the segment and rising NPAs, cash surplus risk savvy investors may consider investment at their own risks. Read detail review...
| Listing Date | December 6, 2019 |
| BSE Script Code | |
| NSE Symbol | ASCOM |
| ISIN | INE08KD01015 |
| Final Issue Price | ₹30 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹30.25 |
| Low | ₹30.25 |
| High | ₹30.60 |
| Last Trade | ₹30.25 |
Ascom Leasing & Investments Ltd.
331, 3rd floor, Four Point Complex
Vesu
Besides Maniba Park
Surat, Gujarat, 395007
Phone: +91 9825140403
Email: info@ascomfinance.com
Website: http://www.ascomfinance.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: grievances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Ascom Leasing IPO is a SME IPO of 21,08,000 equity shares of the face value of ₹10 aggregating up to ₹6.32 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on November 26, 2019, and closes on November 28, 2019.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Ascom Leasing IPO using UPI as a payment gateway. Zerodha customers can apply in Ascom Leasing IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ascom Leasing IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ascom Leasing IPO opens on November 26, 2019 and closes on November 28, 2019.
Ascom Leasing IPO lot size is 4000, and the minimum amount required for application is ₹1,20,000.
You can apply in Ascom Leasing IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Ascom Leasing IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ascom Leasing IPO allotment status.
The Ascom Leasing IPO listing date is on Friday, December 6, 2019.
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