ASK Automotive Limited IPO

Mainboard

Auto Components & Equipments

Listed On: Nov 15, 2023 at ₹ 303.3(NSE)

₹ 14946 /53 Shares

Check Allotment

Price Summary

Last Closing

455.00 (61.35%)

52 Week High

478.25

52 Week Low

240.10

Last Update

19-Sep-2024 3:30 PM

ASK Automotive Limited IPO Details

07 Nov, 2023

Open Date

09 Nov, 2023

Close Date

10 Nov, 2023

Allotment Date

15 Nov, 2023

Listing Date

Issue Price

₹268-282 per equity share

Face Value

₹2 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

303.3(NSE)

Listing Date

2023-11-15

Market Lot

Retail : 53 Shares (₹14,946/-)
S-HNI : 742 Shares (₹2,09,244/-)
B-HNI : 3,551 Shares (₹10,01,382/-)

Lead Manager

Jm Financial Limited
Axis Capital Limited
ICICI Securities Limited
Iifl Securities Ltd

Issue Size

Offer for Sale : 29,571,390 shares(aggregating up to ₹834.00 Cr)

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)

Subscription

51.13 times

IPO Docs

DRHP RHP

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

Total No. of Applications: 11,53,020 (Approx)

ASK Automotive Limited Valuations

Earnings Per Share (EPS)

₹6.19/-

P/E Ratio

N/A

RoNW

19.10%

Net Asset Value (NAV) - As on 31.03.22

₹N/A

ASK Automotive Limited Company Financials All values are in ₹ Cr.

	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 The 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)

Pre Issue Share Holding: N/A%

Post Issue Share Holding: N/A%

Company Promoter(s)

Kuldip Singh Rathee
Vijay Rathee

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. The size of ASK Automotive Limited IPO is Offer for Sale : 29,571,390 shares(aggregating up to ₹834.00 Cr).

Ans. The IPO price band is set between ₹268-282 per equity share.

Ans. To apply for ASK Automotive Limited IPO 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 allotment status for ASK Automotive Limited IPO here.