About the Company:
Ascom Leasing and Investments Ltd is engaged in the business of finance, hire purchase, leasing and lending terms loans, mortgage financing.
Company’s customers include first-time buyers of vehicles, self-employed and professional or non-professional individuals, small and medium entrepreneurs and customers with informal income and limited banking and credit history.
Company’s products can be classified under two broad categories, namely, mortgage loans and individual loans. Depending upon the end use, these products can be further sub-divided into education, home improvement, home purchase, vehicle purchase etc.
Company operations are concentrated in the State of Gujarat Only and As of June 30, 2019, Company has around 2000 plus active customers.
Being the NBFC – Non-Deposit company, company is not entitled to take deposit from the general public. And the company sources the funds from the promoter investments and Bank funding.
As of June 30, 2019, Company has served over 2062 customers with business size of exceeding Rs.20 Cr.
Management Team:
- Mr. Tushar Rohitbhai Pandya (Designation: Chairman &Managing Director)
- Ms. Rupalben Tushar Pandya (Designation: Whole Time Director)
Objectives of the Issue:
- For the purpose of onward lending, financing and augmenting the capital base.
- General corporate expenses.
- To meet the Issue expenses.
Financials of the Company:
| (in Crores) | FY 16 | FY 17 | FY 18 | FY 19 | 30th June 19 |
|---|---|---|---|---|---|
| Revenue | 0.97 | 3.66 | 6.24 | 9.14 | 2.61 |
| Net Profit | 0.04 | 0.48 | 4.44 | 3.45 | 1.96 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 26th November 2019 |
| Issue Closes on:. | 28th November 2019 |
| Issue Price | Rs. 30 |
| Face Value | Rs.10 |
| Minimum Lot | 4000 |
| Minimum Investment | Rs.1,20,000 |
| Issue Constitutes | 26.99% |
| Issue Size | Rs.6.32 cr |
| Market Cap | Rs.23.42 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 21,08,000 |
| Equity Shares Prior to the Issue | 57,01,453 |
| Equity Shares after the Issue | 78,09,453 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 6.06 | 4.13 | 24.22% | 25.01 |
| Company Contact Info: |
|---|
| Ascom Leasing and Investments Ltd 331, 3rd floor, Four Point Complex, Vesu, besides Maniba Park, Surat, Gujarat 395007, India Telephone:+91 9825140403, Email:info@ascomfinance.com Website: www.ascomfinance.com |
| IPO Registrar Info: |
|---|
| SKYLINE FINANCIAL SERVICES PVT LIMITED A/505, Dattani Plaza, Andheri Kurla Road, Safeed Pool, Andheri (E), Mumbai- 400072 Telephone:+91 22-28511022/ 02249721245 Investor email:grievances@skylinerta.com Website: www.skylinerta.com |
| Lead Manager to the Issue: |
|---|
| FAST TRACK FINSEC PRIVATE LIMITED B 502, Statesman House, 148 Barakhamba Road, New Delhi -11000, India. Telephone: +91 11-43029809 Investor grievance email: investor@ftfinsec.com Website: www.ftfinsec.com |
