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ASK Automotive Limited IPO

ASK Automotive Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 303.30 (+7.55%)

The public market debut of ASK Automotive Limited's was completed on 15-11-2023 with its listing on the NSE, BSE exchange. The IPO process raised 2,95,71,390 Shares in total capital, consisting of TBD in new equity and ₹834.00 Cr in existing share sales through the OFS route.

The offering featured a price range of ₹268 to ₹282 and minimum application size of 53 shares. Investor response during the subscription period from 07-11-2023 to 09-11-2023 influenced the final allotment ratios across investor categories.

Final allotment was announced on 10-11-2023, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.

ASK Automotive IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
ASK Automotive IPO Key Performance Indicator
Company Financials ( In Crores )

ASK Automotive IPO About Company

Incorporated in 1988, ASK Automotive Limited is a leading Indian manufacturer of advanced braking systems for two-wheelers, with a product portfolio that includes AB systems, aluminium lightweight precision parts, wheel assemblies, and safety control cables, serving both domestic and international markets. As of June 2023, the company has 15 manufacturing units across five states and supplies to major OEMs like Honda, Hero MotoCorp, Suzuki, TVS, Yamaha, Bajaj, Royal Enfield, Denso, and Magneti Marelli, along with the independent aftermarket and export markets. The company’s facilities are certified with global standards like IATF 16949:2016, ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, showcasing its strong focus on quality and safety.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


ASK Automotive IPO Strength Factors

NA


ASK Automotive IPO Risk Factors

NA


ASK Automotive IPO Lead Manager(s)

  • Jm Financial Limited
  • Axis Capital Limited
  • ICICI Securities Limited
  • IIFL Securities Limited

ASK Automotive IPO Promoter(s)

  1. Kuldip Singh Rathee
  2. Vijay Rathee

ASK Automotive IPO Company Details

ASK Automotive Limited
Phone:
address:

ASK Automotive IPO Registrar

Link Intime India Private Ltd
Name:
Phone:

ASK Automotive IPO FAQs