
Financial Services / Non-Banking Financial Company · NSE
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.
Price Band
₹30
Issue Size
₹6.32 Cr
Lot Size
4000 shares
GMP
Est. Listing
₹30
at current GMP
Subscribed
—
Open
26 Nov 2019
Close
28 Nov 2019
Allotment
4 Dec 2019
Refund
5 Dec 2019
Demat Credit
6 Dec 2019
Listing
6 Dec 2019