Ascom Leasing IPO is all about to make its debut on 26 Nov 2019, with an issue size of 6.32CR. Ascom Leasing & Investments Ltd., an NBFC that was founded in 1986, offers financial services to economically engaged impoverished people (who are not served by financial institutions). The business offers lending products in two major areas of personal loans and home loans. These categories are further segmented based on consumer needs. Moreover, the business provides leasing and hire-purchase options.
Industry Overview
Leasing is a relatively new concept in India, but it is gaining popularity due to its many benefits for businesses. Leasing enables businesses to acquire assets without the need for significant upfront investment, and it also allows them to upgrade their equipment regularly. Ascom Leasing offers leasing services for a wide range of assets, including vehicles, machinery, and office equipment.
Investment services are also a significant part of the financial services industry, and Ascom Leasing provides a range of investment services, including mutual funds, fixed deposits, and insurance products. The company’s investment products are designed to meet the diverse needs of its clients and help them achieve their financial goals.
Ascom Leasing IPO Details
| IPO Date | Nov 26, 2019 to Nov 28, 2019 |
| Listing Date | Dec 6, 2019 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 2,108,000 shares(aggregating up to ₹6.32 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Company Financials
| 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 |
Objects of the Issue
The company intends to utilize the proceeds of the Fresh Issue to meet the following objects:
1. For the purpose of onward lending, financing and augmenting the capital base
2. General corporate expenses, and
3. To meet the Issue expenses
Ascom Leasing IPO Prospectus
Company Contact Information
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/
Ascom Leasing IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: grievances@skylinerta.com
Website: https://www.skylinerta.com/
Ascom Leasing IPO Lead Manager(s)
- Fast Track Finsec Pvt Ltd (Past IPO Performance)
 offers financial services to economically engaged impoverished people. It offers lending products in two major areas.){kind=link}