Ascom Leasing & Investments Ltd - SME IPO

Incorporated in 1986, Ascom Leasing & Investments Ltd is a Gujarat based NBFC providing financial services to economically poor.

The company is engaged in providing loan products in two broad categories, which are individual loans and mortgage loans.

Based on customer requirements, these categories can be subdivided further. As of 30th June 2019, it has around 2000 active customers with the business size of more than Rs 20 crore. 

Competitive Strengths:

  • Customer-centric approach
  • Pan-India presence
  • Extensive operational network in Gujarat
  • Firm risk assessment framework

Company Promoters: Mr. Tushar Rohitbhai Pandya

Issue Details

Ascom Leasing & Investments Ltd - SME IPO
 Issue Open  Nov 26 - Nov 28, 2019
 Issue Size  2,108,000 Eq Shares of ₹10 (aggregating up to ₹6.32 Cr)
 Face Value  Rs 10 per Equity Share
 Issue Price  Rs 30 per Equity Share
 Market Lot  4000 Shares
 Listing At  NSE SME

Objectives 

 1. For the purpose of onward lending, financing and augmenting the capital base
 2. General corporate expenses
 3. To meet the Issue expenses.

Company Financials

Particulars For the year/period ended (in lakh rupees)
31-Mar-19 31-Mar-18 31-Mar-17 31-Mar-16
Total Assets 2,704.56 1,620.13 813.27 665.37
Total Revenue 914.29 624.28 366.31 97.15
Profit After Tax 345.36 444.16 48.57  4.36

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