The ASK Automotive has begun on 07-November-2023. It will close on 09-November-2023. The Total IPO Size is 834 Crore. The company set its IPO price is 268-282 Rs Per Share. Basically, there are three basic categories in ASK Automotive IPO Subscription 1) Qualified Institutional Buyers 2) Non-Institutional Investors 3) Qualified Institutional Buyers.
ASK Automotive is established in 1988.
ASK Automotive are a the largest manufacturer of brake-shoe and advanced braking (“AB”) systems for two-wheelers (“2W”) in India.
They have been supplying safety systems and critical engineering solutions for more than three decades with in-house designing, developing and manufacturing capabilities.
They offerings are powertrain agnostic, catering to electric vehicle (“EV”) as well as internal combustion engine (“ICE”) OEMs. Their brand “ASK” is recognised as the leading brand in the 2W IAM .
Their Product includes :- (i) AB systems; (ii) aluminium lightweighting precision (“ALP”) solutions.
Clients :- TVS Motor Company Limited (“TVS”), Ather Energy Private Limited (“Ather”), Hero MotoCorp Limited (“Hero MotoCorp”), Greaves Electric Mobility Private Limited (“Greaves”), Bajaj Auto Limited (“Bajaj”) and Revolt Intellicorp Private Limited (“Revolt”).
ASK Automotive Promoters
Kuldip Singh Rathee and Vijay Rathee are the Promotors of the company.
Industry Peers
1) Endurance Technologies Limited
2) Uno Minda Limited
3) Suprajit Engineering Limited
4) Bharat Forge Limited
ASK Automotive IPO Date, Details & Price Band
The ASK Automotive IPO Price Band, IPO Dates, Market lot and other details mention in be below table.
| IPO Opening Dates | 07-November-2023 |
| IPO Closing Dates | 09-November-2023 |
| Price Band | 268-282 Rs |
| Fresh Issue | NIL |
| Offer for Sale | 834.00 Crore |
| Total IPO size | 834.00 Crore |
| Minimum bid (lot size) | 53 Shares |
| Face Value | 2 INR Per Share |
| Issue Type | Book Built Issue IPO |
| QIB Allocation | 50% |
| HNI Allocation | 15% |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
ASK Automotive IPO Market Lot
The ASK Automotive IPO minimum market lot is 53 shares With 14,946 ₹ Amount per application.
| Lot | No of Shares | Amount | |
| Retail Minimum | 1 | 53 | 14,946 ₹ |
| Retail Maximum | 13 | 377 | 1,94,298 ₹ |
Restated Financial Record of the three year (Amt. in Crore)
| Total Assets | Total Revenue | Profit After Tax | |
| 31-Mar-23 | 1,281.21 | 2,566.28 | 122.95 |
| 31-Mar-22 | 1,105.56 | 2,024.26 | 82.66 |
| 31-Mar-21 | 948.25 | 1,567.77 | 106.20 |
ASK Automotive IPO GMP & Grey Market Premium
ASK Automotive IPO GMP Grey market premium has been started today. Check Latest ASK Automotive IPO GMP, Kostak Rates and Subject to Sauda Price here.
ASK Automotive IPO Prospectus
ASK Automotive IPO Prospectus Available on BSE and Sebi Website as well as on our Portal. Please click here to Download ASK Automotive IPO Prospectus.
| DRHP | Download |
| RHP | Download |
ASK Automotive IPO Reviews
Angel Broking – Update Soon
Choice Broking – Update Soon
Prabhudas Lilladher – Update Soon
ASK Automotive IPO Form Download
ASK Automotive IPO form Available on NSE, BSE Website as well as on our Portal. Please click here to Download ASK Automotive IPO forms.
ASK Automotive IPO Allotment Date & Details
| Allotment Date | 15-November-2023 |
| Initiation of refunds | 16-November-2023 |
| Transfer of shares to Demat accounts | 17-November-2023 |
| Listing Date | 20-November-2023 |
| Check Allotment Status | Click here |
Registrar of ASK Automotive
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai 400 083
Maharashtra, India
Tel: +91 810 811 4949
E-mail: [email protected]
Investor Grievance E-mail:
[email protected]
Contact Person: Shanti Gopalkrishnan
Website: www.linkintime.co.in
SEBI Registration No: INR000004058
ASK Automotive Contact Details
ASK Automotive Limited
Flat No. 104, 929/1,
Naiwala,Faiz Road
Karol Bagh,New Delhi 110 005
Phone: +91 124 4396907
Email: [email protected]
Website: https://askbrake.com/
ASK Automotive IPO Lead Managers
IIFL Securities Limited
10th Floor, IIFL Centre
Kamala City, Senapati Bapat Marg
Lower Parel (West), Mumbai 400 013
Maharashtra, India
Tel: +91 22 4646 4728
E-mail: [email protected]
Investor grievance E-mail:
[email protected]
Contact person: Pawan Jain/Pinkesh Soni
Website: www.iiflcap.com
SEBI Registration: INM000010940
ICICI Securities Limited
ICICI Venture House,
Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025
Maharashtra, India
Tel.: +91 22 6807 7100
E-mail: [email protected]
Investor grievance e-mail:
[email protected]
Contact person: Ashik Joisar/Harsh
Thakkar
Website: www.icicisecurities.com
SEBI Registration: INM000011179
Axis Capital Limited
1st Floor, Axis House
C-2 Wadia International Centre
Pandurang Budhkar Marg, Worli,
Mumbai 400 025
Maharashtra, India
Tel: + 91 22 4325 2183
E-mail: [email protected]
Investor Grievance E-mail:
[email protected]
Contact Person: Simran Gadh/Pavan
Naik
Website: www.axiscapital.co.in
SEBI Registration: INM000012029
JM Financial Limited
7th Floor, Cnergy
Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025
Maharashtra, India
Tel.: +91 22 6630 3030
E-mail: [email protected]
Investor grievance E-mail:
[email protected]
Contact person: Prachee Dhuri
Website: www.jmfl.com
SEBI Registration: INM000010361