ASK Automotive Limited
Mainboard₹14,946 / 53 Shares
ASK Automotive Limited IPO Details
The ASK Automotive Limited IPO price band is set between ₹268-282 per equity share, with a face value of ₹2 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 7 Nov, 2023 and closes on 9 Nov, 2023. Investors can check the allotment status on 10 Nov, 2023, while the listing date is tentatively scheduled for 15 Nov, 2023.
The total issue size is Offer for Sale : 29,571,390 shares, aggregating up to ₹834.00 Cr. Stay tuned for the latest ASK Automotive Limited IPO review and GMP updates.
ASK Automotive Limited IPO Review, Rating & Analysis
ASK Automotive Limited IPO Review
NO REVIEWASK Automotive Limited IPO Rating
ASK Automotive Limited IPO Highlights
IPO Date
Nov 7, 2023 - Nov 9, 2023
Listing Date
15 Nov, 2023
Face Value
₹2 Per Equity Share
Price Band
₹268-282 per equity share
Lot Size
53 Shares
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
ASK Automotive Limited IPO Lot Size
The minimum market lot for ASK Automotive Limited IPO is 53 shares with an application amount of ₹14,946. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 53 | ₹14,946 |
| Retail (Max) | 13 | 689 | ₹1,94,298 |
| S-HNI (Min) | 14 | 742 | ₹2,09,244 |
| S-HNI (Max) | 66 | 3498 | ₹9,86,436 |
| B-HNI (Min) | 67 | 3551 | ₹10,01,382 |
ASK Automotive Limited IPO Timeline
Issue Price
₹268-282 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
Jm Financial LimitedAxis Capital LimitedICICI Securities LimitedIifl Securities LtdIssue Size
Offer for Sale : 29,571,390 shares(aggregating up to ₹834.00 Cr)ASK Automotive Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 1281.21 | 2566.28 | 122.95 | - | - | - |
| 31 Mar 22 | 1105.56 | 2024.26 | 82.66 | - | - | - |
| 31 Mar 21 | 948.25 | 1567.77 | 106.20 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Kuldip Singh Rathee
- Vijay Rathee
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| N/A% | N/A% |
About 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 IPO Subscription 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 |
Frequently Asked Questions about ASK Automotive Limited IPO
When will ASK Automotive Limited IPO open for subscription?
The ASK Automotive Limited IPO opens on 7 Nov, 2023 and closes on 9 Nov, 2023.
What is the investors portion for ASK Automotive Limited IPO?
The investors' portion for QIB is 142.41 x, NII is 41.13 x, and Retail is 5.69 x.
How to apply for ASK Automotive Limited IPO?
You can apply for ASK Automotive Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of ASK Automotive Limited IPO?
The issue size of ASK Automotive Limited IPO is approx ₹Offer for Sale : 29,571,390 shares(aggregating up to ₹834.00 Cr) crores.
What is the price band of ASK Automotive Limited IPO?
The price band for ASK Automotive Limited IPO is ₹268 to ₹282 per equity share.
What is the lot size of ASK Automotive Limited IPO?
The minimum bid (lot size) for ASK Automotive Limited IPO is N/A shares with an investment of approx ₹14,946 .
What is the allotment date of ASK Automotive Limited IPO?
The allotment date for ASK Automotive Limited IPO is 10 Nov, 2023.
What is the listing date of ASK Automotive Limited IPO?
The listing date for ASK Automotive Limited IPO is expected to be 15 Nov, 2023.
What is the GMP of ASK Automotive Limited IPO?
The latest Grey Market Premium (GMP) for ASK Automotive Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.