ASK Automotive Limited IPO
MainboardAuto Components & Equipments
Listed On: Nov 15, 2023 at ₹ 303.3(NSE)
₹ 14946 /53 Shares
Check Allotment07 Nov, 2023
Open Date09 Nov, 2023
Close Date10 Nov, 2023
Allotment Date15 Nov, 2023
Listing DatePrice Summary
Last Closing
490.50 (73.94%)52 Week High
578.5052 Week Low
333.30Last Update
19-Dec-2025 3:30 PMASK Automotive Limited IPO Issue Details
- Issue Price ₹268-282 per equity share
- Face Value ₹2 Per Equity Share
- Issue Price Offer for Sale : 29,571,390 shares(aggregating up to ₹834.00 Cr)
- Listing at BSE, NSE
- List Price 303.3(NSE)
- Listing Date 2023-11-15
-
Lead Manager
Jm Financial Limited
Axis Capital Limited
ICICI Securities Limited
Iifl Securities Ltd - Registrar Link Intime India Private Ltd
ASK Automotive Limited IPO Details
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Retail Portion
35% (Number of Retail Applications: 1,95,283 Approx),
(Number of S-HNI Applications : 1,993 Approx),
(Number of B-HNI Applications : 3,985 Approx)
ASK Automotive Limited IPO Details
The IPO of ASK Automotive Limited is priced at ₹268-282 per equity share, which has a face value of ₹2 Per Equity Share each, IPO bidding starts from Nov 7, 2023 and ends on Nov 9, 2023. The allotment for ASK Automotive Limited IPO will be finalized on Nov 10, 2023. ASK Automotive Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Nov 15, 2023. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.
The book-running lead manager for the IPO is/are Jm Financial Limited, Axis Capital Limited, ICICI Securities Limited, Iifl Securities Ltd.
The ASK Automotive Limited IPO sets its price band at 268-282 for each share. A single application for ASK Automotive Limited IPO must contain at least 53 shares.
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ASK Automotive Limited IPO Subscription Analysis And Details
| As on | QIB | NII
bNII sNII |
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 5,914,278 |
4,435,709
2,957,139 1,478,570 |
10,349,987 | 20,699,974 |
|
Day 1
07-11-23 05:00 PM
|
0.03 x |
0.41
0.72 x 0.26 x |
0.56 x | 0.38 x |
|
Day 2
08-11-23 05:00 PM
|
0.06 x |
2.27
1.82 x 3.17 x |
1.69 x | 1.35 x |
|
Day 3
09-11-23 05:00 PM
|
142.41 x |
35.47
41.13 x 24.14 x |
5.69 x | 51.13 x |
ASK Automotive Limited Valuations
ASK Automotive Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 1,281.21 | 1,105.56 | 948.25 |
| Revenue | 2,566.28 | 2,024.26 | 1,567.77 |
| Profit After Tax | 122.95 | 82.66 | 106.20 |
About ASK Automotive Limited Company
ASK Automotive Limited is a manufacturer of Advance Braking Systems for two-wheelers in India.
The product range of the company includes (I) AB systems; (ii) aluminium lightweight precision(ALP) (iii) wheel assembly to 2W OEMs; and (iv) safety control cables (SCC). The company operates in India as well as overseas.
As of June 2023, the company has 15 manufacturing units spread across five states in India. ASK Automotive supplies to Original Equipment Manufacturers like HMSI, HMCL, Suzuki, TVS, Yamaha, Bajaj, Royal Enfield, Denso, Magneti Marelli, and others. It also provides to the independent aftermarket and the export market through its manufacturing facilities located in different parts of the country.
The company's manufacturing facilities have world-class certifications in quality and safety including IATF 16949:2016, ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018.
ASK Automotive Limited - Promoter(s)
Kuldip Singh Rathee
Vijay Rathee
Pre Issue Share Holding : N/A%
Post Issue Share Holding : N/A%
ASK Automotive Limited IPO - Issue Objectives
The company will not receive any proceeds from the Offer and all the Offer Proceeds will be received by the Selling Shareholders, in proportion to the Offered Shares sold by the respective Selling Shareholders as part of the Offer.
ASK Automotive Limited IPO - Anchor Investors
ASK Automotive garners Rs 250 crore from anchor investors ahead of IPO.
A total of 25 investors participated in the anchor book including marquee names such as Morgan Stanley, Goldman Sachs, Neuberger Berman, Florida Retirement System, Integrated Core Strategies, BNP Paribas Arbitrage, Societe Generale, and Copthall Mauritius Investment.
Domestic institutions including Nippon Life India, ICICI Prudential Mutual Fund, SBI Life Insurance Company, Tata Mutual Fund, ICICI Prudential Life Insurance Company, Canara Robeco Mutual Fund, Abakkus Diversified Alpha Fund, Edelweiss Trusteeship, and Bajaj Allianz Life Insurance Company also picked stake in the company
ASK Automotive Limited IPO - FAQs
Ans. ASK Automotive Limited IPO is a Mainboard IPO. The issue is priced at ₹268-282 per equity share. The minimum order quantity is 53 Shares. The IPO opens on Nov 7, 2023, and closes on Nov 9, 2023. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The ASK Automotive Limited IPO opens on Nov 7, 2023 and closes on Nov 9, 2023.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of ASK Automotive Limited IPO is Offer for Sale : 29,571,390 shares(aggregating up to ₹834.00 Cr).
Ans. The ASK Automotive Limited IPO price band is set between ₹268-282 per equity share.
Ans. To apply for ASK Automotive Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find ASK Automotive Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of ASK Automotive Limited IPO is Nov 10, 2023.
Ans. The ASK Automotive Limited IPO will be listed on Nov 15, 2023.
Ans. Follow the steps to check the ASK Automotive Limited IPO allotment status online.
