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Ascom Leasing and Investments Limited IPO

Ascom Leasing and Investments Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:

Having completed its public offering, Ascom Leasing and Investments Limited's is now listed and trading on the NSE exchange as of 06-12-2019. The IPO raised cumulative capital of 21,08,000 Shares, including TBD in primary capital infusion.

The IPO was conducted with a price range of ₹30 to ₹30 and minimum investment requirement of 4000 shares. subscription activity between 26-11-2019 and 28-11-2019 reflected market assessment of the offering's valuation and prospects.

The allotment process finalized on 04-12-2019 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.

Ascom Leasing IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Ascom Leasing IPO Key Performance Indicator
Company Financials ( in Lakhs )

Ascom Leasing IPO About Company

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.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Ascom Leasing IPO Strength Factors

  1. Focused on customer needs and satisfaction
  2. Presence across all of India
  3. Strong operational network in Gujarat
  4. Well-defined risk assessment process

Ascom Leasing IPO Risk Factors

NA


Ascom Leasing IPO Lead Manager(s)

  • Fast Track Finsec Private Limited

Ascom Leasing IPO Promoter(s)

  1. Mr. Tushar Rohitbhai Pandya

Ascom Leasing IPO Company Details

Ascom Leasing and Investments Limited
Phone:
address:

Ascom Leasing IPO Registrar

Skyline Financial Services Private Limited
Name:
Phone:

Ascom Leasing IPO FAQs