Fixed Price IPO | ₹6 Cr | Listed at NSE SME | Tue, Nov 26, 2019 - Thu, Nov 28, 2019
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Nov 26, 2019
IPO Close
Thu, Nov 28, 2019
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹23.43 Cr
| IPO Date | 26 to 28 Nov, 2019 |
| Listed on | Fri, Dec 6, 2019 |
| Face Value | ₹10 per share |
| Issue Price | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 21,08,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 1,08,000 shares Jainam Broking Ltd. (agg. up to ₹0.3240 Cr) |
| Fresh Issue (Ex Market Maker) | 20,00,000 shares (agg. up to ₹6 Cr) |
| Net Offered to Public | 20,00,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 57,01,453 shares |
| Share Holding Post Issue | 78,09,453 shares |
| NSE Symbol | ASCOM |
| ISIN | INE08KD01015 |
Ascom Leasing IPO comprises a total issue size of 21,08,000 shares. The net offer to the public is 20,00,000 shares, after excluding 1,08,000 shares allotted on a firm basis. Of the Net offer 10,00,000 (50.00%) allocated to NII 10,00,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 10,00,000 | 50.00% | 47.44% |
| Retail Shares Offered | 10,00,000 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,08,000 | 5.12% | |
| Total Shares Offered | 21,08,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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 |
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).
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The Ascom Leasing IPO is subscribed 1.47 times on November 28, 2019 6:30:00 PM (Day 3). The public issue subscribed 1.03 times in the retail category, [.] times in the QIB category, and 1.92 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.92 | 10,00,000 | 19,20,000 |
| Retail | 1.03 | 10,00,000 | 10,28,000 |
| Total | 1.47 | 20,00,000 | 29,48,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager fee including underwriting commission and others miscellaneous expenses | 0.30 |
| 2 | Fees payable to Registrar to the Issue | 0.01 |
| 3 | Fees payable to Legal Advisor to the Issue | 0.01 |
| 4 | Fees payable to Advertising Expenses | 0.02 |
| 5 | Fees payable to Regulators including Stock Exchange | 0.02 |
| 6 | Payment for Printing and Distribution of Issue Stationary | 0.01 |
| 7 | Other (Fees payable to Peer Review Auditor, Marketing expenses, Brokerage, Processing Fees for application and miscellaneous expenses) | 0.04 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹30.25 |
| Low | ₹30.25 |
| High | ₹30.60 |
| Last Trade | ₹30.25 |
Lead Manager Reports
Ascom Leasing IPO is a SME IPO of 21,08,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on Tue, Nov 26, 2019, and closes on Thu, Nov 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 Tue, Nov 26, 2019 and closes on Thu, Nov 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 Fri, Dec 6, 2019.
