ASK Automotive Ltd
Price Range
₹268 - ₹282
Min. Quantity
53
Closes on
9 November 2023
Min. investment
₹14,946/689 Shares
ASK Automotive Ltd IPO Timeline
ASK Automotive Ltd was incorporated on January 18, 1988 as a Private Limited Company with the name 'ASK Automotive Private Limited'granted by the RoC. Upon the conversion of Company into a Public Limited , the name of Company was changed to 'ASK Automotive Limited' through a fresh Certificate of Incorporation dated January 6, 2023 issued by the RoC.
| Event | Date |
|---|---|
| ASK Automotive Ltd IPO Opening Date | 7 November 2023 |
| ASK Automotive Ltd IPO Closing Date | 9 November 2023 |
| Basis of Allotment | 10 November 2023 |
| Initiation of Refunds | 10 November 2023 |
| Credit of Shares to Demat | 13 November 2023 |
| ASK Automotive Ltd IPO Listing Date | 15 November 2023 |
ASK Automotive Ltd IPO Details
| ASK Automotive Ltd IPO Date | 7 November 2023 to 9 November 2023 |
| ASK Automotive Ltd IPO Face Value | ₹2 per share |
| ASK Automotive Ltd IPO Price | ₹268 to ₹282 per share |
| ASK Automotive Ltd IPO Lot Size | 53 |
| Issue Size | Shares of ₹2 (aggregating up to ₹833.91 Cr) |
| Fresh Issue | Shares of ₹2 (aggregating up to ₹0 Cr) |
| Offer for Sale | Shares of ₹2 (aggregating up to ₹833.91 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 59,14,278 of the Net Offer |
| Retail Shares Offered | Not less than 1,03,49,987 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 44,35,709 of the Net Offer |
| Company Promoters | Kuldip Singh Rathee, Vijay Rathee |
ASK Automotive Ltd IPO Lot Size
The ASK Automotive Ltd IPO lot size is 53 shares. A retail-individual investor can apply for up to 13 lots (689 shares or ₹1,94,298).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 53 | ₹14,946 |
| Maximum | 13 | 689 | ₹1,94,298 |
- Strengths
- Risks
- Opportunities
- Well established manufacturer of safety systems and critical engineering solutions for some of India's largest OEMs in an industry with high entry barriers.
- Robust production model driven by research and development ("R&D") and design with an emphasis on: (i) advanced material knowledge to customize systems and products based on customer specifications and (ii) engineering lighter precision products.
- Technology and innovation-driven manufacturing process, with an extensive suite of systems and solutions for EV and ICE sectors.
- Long-standing customer relationships with both Indian and global OEM players.
- Financial and return metrics demonstrating growth and efficient use of capital.
- Professional management and board.
Company Financials
ASK Automotive Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 1,316.15 | 2,950.19 | 175.62 |
| 03-2023 | 1,154.35 | 2,570.38 | 135.99 |
| 03-2022 | 1,082.95 | 2,024.8 | 88.73 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Listing the Equity Shares on the Stock Exchanges
ASK Automotive Ltd IPO Promoter Holding
| Pre Issue Share Holding | 50.73% |
| Post Issue Share Holding | 40.23% |
ASK Automotive Ltd IPO Subscription Status (Bidding Detail)
The ASK Automotive Ltd IPO is subscribed 51.14 times on 9 November 2023 05:00:00 PM. The public issue subscribed 5.7 times in the retail category, 142.41 times in the QIB category, and 35.47 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 142.41 | 35.47 | 5.7 | - | 51.14 |
ASK Automotive Ltd IPO Prospectus
ASK Automotive Ltd IPO Listing Date
| Listing Date | 15 November 2023 |
| BSE Script | 544022 |
| NSE Symbol | ASKAUTOLTD |
| Listing In | BSE, NSE |
| ISIN | INE491J01022 |
| IPO Price | ₹282 |
| Face Value | ₹2 |
Company Contact Information
Flat No 104 929/1 NaiwalaFaiz Road Karol Bagh,New Delhi-110005
Phone: +91 124 439 6907
Email: compliance@askbrake.com
Website: www.askbrake.com
ASK Automotive Ltd IPO Registrar
ASK Automotive Ltd IPO Lead Manager(s)
- JM Financial Ltd
- Axis Capital Ltd
- ICICI Securities Ltd
- IIFL Securities Ltd
FAQ
What is the issue size of ASK Automotive Ltd IPO?
I have pre-applied for ASK Automotive Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.