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Ascom IPO Review, Dates, Size, Allotment, Bid Details, GMP & DRHP

Let’s have a detailed review of the company and analytics of Ascom IPO release date, IPO offer price, subscription, ASCOM IPO allotment, Ascom Leasing & Investments IPO grey market price and other details like the company’s background, its financial positions, its promoters, and other related things. 

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ASCOM Limited IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments7.5/10
Industry Ranking7.1/10
Company Background7.3/10
Company Reputation7.2/10
Competitive Edge7.7/10
Financial Statements7.1/10
Popularity Index7.4/10
Promoters Reputation7.7/10
Retail Appetite7.1/10
Top Brokers Review7.9/10
Overall Ratings7.4/10
Star Ratings★★★★☆

Summary of ASCOM Limited IPO

ASCOM IPOCompany was incorporated in the year 1986, they started their business as NBFC in 2001 with the mission of providing services to economically active poor who are not adequately served by the financial institutions.

Company is engaged in the business of finance, trading, hire purchase, leasing and lending terms loans, mortgage financing. 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. As of June 30, 2019, we have around 2000 plus active customers.

The corporation offers a diverse range of loan products to cater to the specific requirements of customers. Their products can be classified under two broad categories, namely, mortgage loans and individual loans.

The Promoter of this company is Mr. Tushar Rohitbhai Pandya. The lead manager to the issue is Fast Track Finsec Private Limited and the Registrar to this issue is Skyline Financial Services Limited.

From FY 2016-17 to FY 2018-19, as per the Restated Financial Statements

Their total revenues in Financial Years 2017, 2018 and 2019 and for the three month’s period ended June 30, 2019 was Rs. 366 Lakhs, Rs. 624 Lakhs, Rs. 914 Lakhs and Rs. 262 Lakhs, respectively. Our profit after tax in Financial Years 2017, 2018, 2019 and the three month period ended June 30, 2019 was Rs. 49 Lakhs, Rs. 444 Lakhs, Rs. 345 Lakhs and Rs. 196 Lakhs, respectively



ASCOM Limited IPO Date

The opening and the closing date of ASCOM IPO is not known yet.


ASCOM IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day – 
3rd Day – 
4th Day – 
5th Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


ASCOM IPO Allotment Status

Here, you can find the Allotment Status of this IPO.


ASCOM IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed. 


ASCOM IPO Equity Share Offering

Issue of 20,03,214 Equity Shares of face value of Rs.10/- each for cash at a price of Rs. [ ] per Equity Share (including a share premium of Rs.[ ] per Equity share) aggregating Rs. [ ] lakhs.


ASCOM Limited – Company Overview

Company was incorporated on December 16, 1986, as “Ascom Leasing & Investments Limited” under the provisions of the Companies Act, 1956 with the Registrar of Companies, Andhra Pradesh bearing Registration No. 7019. Company received the certificate of Commencement of Business on January 07, 1987.

As of June 30, 2019, Company has served over 2062 customers with business size of exceeding ₹ 20 Cr. Their growth has been rapid and calibrated in equal measure. Company believe that they are a customer centric organization, and this is reflected in customer retention ratio. They have a dedicated service quality department addressing customer grievances and their feedback.

Business strategies of ASCOM Limited

  • Brand Image
  • Strengthening relationship with existing customers and widen our customer base
  • Continue to expand and increase production capacity
  • Continue to improve operational efficiencies and cost competitiveness continuously

ASCOM Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary of ASCOM Limited IPO

On the basis of Standalone statement:-

Amount (in INR)  
Jun-1931-Mar-1831-Mar-17
Total Assets2,61,77,9856,24,28,2223,66,31,600
Total Revenue2,61,77,9856,24,28,2223,66,31,600
Total Expense44,35,6721,11,11,4562,81,29,332
Profit After Tax1,96,85,2814,44,16,30848,57,963

Earnings per Equity Share (in lakhs)

31-Mar-1931-Mar-1831-Mar-17
Basic & Diluted6.067.790.87

From the above statements, one could find that ASCOM Limited may perform well.


ASCOM IPO – Promoters

The Promoter of this company is:

  • TUSHAR ROHITBHAI PANDYA

List of Related Parties (Key Managerial Personnel)

  • Ms. Sweta V. Shah / Chief Financial Officer
  • Mr. Hemant Kumar / Company Secretary & Compliance Officer
  • Mr. Tushar Rohitbhai Pandya/ Managing Director

Interest in promotion of the Company

Directors may be deemed to be interested in the promotion of the Company to the extent of the Equity Shares held by them and also to the extent of any dividend payable to them and other distributions in respect of the aforesaid Equity Shares.

Property Interest

Directors have no interest in any property acquired by Company three years prior to the date of this Draft Prospectus or proposed to be acquired by us as on the date of filing of this Draft Prospectus

Interest in Intellectual Rights of the Company

As on the date of filing of the Draft Red Herring Prospectus, the Company does not own any intellectual property rights.


ASCOM Limited IPO Offer Details or Issue Details

Particulars No. Of Equity Shares
 Equity Shares Offered Up to 57,01,453 Equity Shares of face value of Rs 10/- each aggregating to Rs [●] Lakhs.
 Of which:
 Reserved for Market Makers Up to [●]* Equity Shares of face value of Rs 10/
 Net Issue to the Public [●]* Equity Shares of face value of Rs 10/- each aggregating to  [●] Lakhs.
 Of which:
 Retail Investors Portion Up to [●]* Equity Shares of face value of Rs 10/- each aggregating to Rs [●] Lakhs.
 Non-Retail Investors PortionUp to [●]* Equity Shares of face value of Rs 10/- each aggregating to Rs [●] Lakhs.
 Equity Shares outstanding prior to the Issue[●]
 Equity Shares outstanding after the Issue[●]

ASCOM Limited IPO Issue Object

These are the IPO Issue Objects of the company

  • For the purpose of onward lending, financing and augmenting the capital base;
  • General corporate expenses, and
  • To meet the Issue expenses

ASCOM IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • ISO certified organisation
  • Robust risk management framework
  • Experienced and professional management team
  • Track Record of consistent growth with quality loan portfolio
  • Robust credit assessment and risk management framework
  • Stable customer base
  •  Wide product range and product segments

The relevant quantitative factors are:

On the basis of standalone statement:-

Basic & Diluted EPSRONW NAV (Rs.)
Mar-170.877.9411.01
Mar-187.7941.3018.86
31-Mar-196.0624.2225.01
  • Price to Earnings (P/E) ratio in relation to Issue Price of Rs. 4.13:
ParticularsP/E ratio
Highest374.72
Average97.47
Lowest3.35
  • Competitive Peers: 
ParticularsFace Value  (in Rs.)EPS (In Rs.)NAV (In Rs.)P/E Ratio
Ascom Leasing & Investments106.0625.01NA
PEERS
Bajaj Finserve Limited519.319.3374.72
Kama Holdings Limited1080.8355.3480.43
LKP Finance Limited1019.2415.683.35
Edelweiss Financial Services11.11.1132.77

ASCOM IPO Lead Managers

Lead Managers
FAST TRACK FINSEC PRIVATE LIMITED
B 502, Statesman House, 148 Barakhamba Road,
New Delhi -11000, India.
Telephone: +91 11-43029809
Email:
Contact Person: Pawan kumar Mahur
Investor grievance email:
Website: www.ftfinsec.com
SEBI registration number: INM000012500
CIN: U65191DL2010PTC200381

ASCOM IPO Registrar to offer

Registrar to the Offer
Skyline Financial Services Limited
A/505, Dattani Plaza, Andheri Kurla Road,
Safeed Pool, Andheri (E), Mumbai- 400072
Telephone: +91 22-28511022/ 02249721245
Email: skylinerta.com
Investor grievance email:
Contact Person: Mr. Subhash Dhingreja
Website: www.skylinerta.com
SEBI Registration Number: INE000003241
CIN: U74899DL1995PTC071324

ASCOM IPO Other Details:

  • Statutory Auditor – M/s Dilip Paresh & Co
  • Legal Counsel to the Issue – MV KINI, Law Firm
  • Bankers to the Company – ICICI Bank LIMITED, BANK OF BARODA , 

ASCOM IPO Grey Market Premium

The ASCOM IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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ASCOM IPO News

News 1 – Download DRHP Prospectus


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