ASK Automotive IPO Date, Price, GMP, Review, Details

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.

ASK Automotive IPO Prospectus Download
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ASK Automotive IPO Reviews

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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
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]

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
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
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
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
SEBI Registration: INM000010361

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