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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹6.32 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹6.32 Cr |
| Fresh Issue | ₹6.00 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹30.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | ASCOM |
| Registrar | Skyline Financial Services Pvt.Ltd. |
| Lead Managers | Novus Capital Advisors Pvt.Ltd. |
| Allotment Status |
| DRHP |
| RHP |
| Final Prospectus |
 ₹0 A/C OpeningFree MF ₹20F&O Trade ₹0Delivery 1Cr+Customers Open Free Account → |
 ₹0 A/C Opening₹0 AMC Trading Account ₹20F&O Trade ₹20Delivery FreeIPO Apply Open Free Account → |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 4,000 shares and in multiples thereof
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).
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 |
| # | 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 |
Last Updated on 07-May-2025 19:07:37
