
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
Overall Subscription
0.00x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
0.00x
High Net-Worth
Retail (RII)
0.00x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| Qualified Institutional (QIB) | 1,053,333 | — | 0.00x |
| Non-Institutional (NII / HNI) | 316,000 | — | 0.00x |
| Retail Individual (RII) | 737,333 | — | 0.00x |
| Total | 2,106,666 | 0 | 0.00x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 184 | 184 | 1.00x |
| HNIs (10L +) | 1 | 1 | 1.00x |
| HNIs (2-10L) | 6 | 6 | 1.00x |
| Total Applications | 191 | 191 | 1.00x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Ascom Leasing and Investments Limited is bringing an initial public offering (IPO) in the Financial Services / Non-Banking Financial Company sector with an aggregate issue size of ₹6.32 Crores. The shares are offered at a price band of ₹30 to ₹30 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 4000 shares (approx. ₹1,20,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Skyline Financial Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2019-12-06, while un-allotted funds or UPI block mandates will be released on 2019-12-05.
Currently, Ascom Leasing and Investments Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹30 to ₹30 per equity share.
The retail lot size is 4000 shares requiring a minimum application amount of ₹1,20,000. Expected listing price is ₹30 per equity share.
The Ascom Leasing and Investments Limited IPO aggregate issue size is ₹6.32 Crores with an equity price band set at ₹30 to ₹30 per equity share. The retail lot size is 4000 shares requiring a minimum capital outlay of approx. ₹1,20,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 0.00x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Skyline Financial Services Private Limited) and the BSE status verification website on or around 2019-12-04. Investors can verify status using PAN card or application number.
Ascom Leasing and Investments Limited shares are scheduled to list on NSE on 2019-12-06.