ASK Automotive Limited

Offer PeriodNov 07, 2023 – Nov 09, 2023

MainBoardListed

Listed Price

₹303.30

+7.55%

Price Band₹268 - ₹282

Lot Size53 Shares

Allotment DateNov 10, 2023

Listing DateNov 15, 2023

Subscription51.14 Times

Issue Size₹834.00 Cr

Check Allotment

Share IPO Trend

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹32
(11.35%)

Premium (ELP)

The public market debut of ASK Automotive Limited's was completed on Nov 15, 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 Nov 07, 2023 to Nov 09, 2023 influenced the final allotment ratios across investor categories.

Final allotment was announced on Nov 10, 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

IPO Date

Nov 07, 2023 to Nov 09, 2023

Allotment Date

Nov 10, 2023

List Date

Nov 15, 2023

Lot Size

53 share

Issue Price

₹268 - ₹282

Issue Size

2,95,71,390 (aggregating up to 834.00 Cr)

Fresh Issue

(aggregating up to 834.00 Cr)

Offer For Sale

(aggregating up to 834.00 Cr)

Listing At

NSE, BSE

Share Holding Pre-Issue

19,71,42,600

Share Holding Post-Issue

19,71,42,600

Market Marker Portion

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.

Category	Lot(s)	Qty	Amount

Category	Lot(s)	Qty	Amount
Retail (Min)	1	53	14,946
sHNI	14	742	2,09,244
bHNI	67	3551	10,01,382

IPO Reservation

Shares2,95,71,390

Retail

35.00%(1,03,49,987)

NII(HNI)

15.00%(44,35,709)

QIB

50.00%(1,47,85,694)

Total

100.00%(2,95,71,390)

ASK Automotive IPO Key Performance Indicators

KPI	Values

KPI	Values
EPS	6.18
ROE	0
ROCE	0
RONW	19.10
PRE IPO(PE)	45.63
POST IPO(PE)	39.89

Company Financials (In Crores)

Period Ended	Jun 2023	Mar 2023	Mar 2022	Mar 2021

Period Ended	Jun 2023	Mar 2023	Mar 2022	Mar 2021
Assets	1,443.34	1,281.21	1,105.56	948.25
Revenue	657.55	2,566.28	2,024.26	1,567.77
Net Worth	0	643.77	631.91	622.23
profit After Tax	34.83	122.95	82.66	106.20
Reserves And Surpluse	639.03	604.34	591.73	581.54
Total Borrowing	268.03	231.82	119.78	54.02

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

⚠️ASK Automotive IPO Risk Factors

🏦ASK Automotive IPO Lead Manager(s)

Jm Financial LimitedAxis Capital LimitedICICI Securities LimitedIIFL Capital Services Limited

👤ASK Automotive IPO Promoter(s)

Kuldip Singh Rathee
Vijay Rathee

🏢ASK Automotive IPO Company Details

ASK Automotive Limited

Email:compliance@askbrake.com

Phone:+91 124 4396907

Website:https://askbrake.com/

address:Flat No. 104, 929/1, Naiwala,Faiz Road Karol Bagh,New Delhi 110 005

📋ASK Automotive IPO Registrar

Link Intime India Private Ltd

Name:Link Intime India Private Ltd

Phone:+91-22-4918 6270

Email:askauto.ipo@linkintime.co.in

Website:https://linkintime.co.in/Initial_Offer/public-issues.html

❓ASK Automotive IPO FAQs

ASK Automotive IPO is a main-board IPO of 0 equity shares of the face value of ₹2 Per Share aggregating up to ₹834.00 crore shares. The issue is priced at ₹268 - ₹282 per share. The minimum order quantity is .The IPO opens on Nov 07, 2023, and closes on Nov 09, 2023. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE, BSE.

Zerodha customers can apply online in ASK Automotive IPO using UPI as a payment gateway. Zerodha customers can apply in ASK Automotive IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in ASK Automotive IPO through Zerodha (1) Visit the Zerodha website and login to Console. (2) Go to Portfolio and click the IPOs link. (3) Go to the 'ASK Automotive IPO' row and click the 'Bid' button. (4) Enter your UPI ID, Quantity, and Price. (5) Submit IPO application form. (6) Visit the UPI App (net banking or BHIM) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.

The ASK Automotive IPO opens on Nov 07, 2023 and closes on Nov 09, 2023.

You can apply in ASK Automotive IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for ASK Automotive IPO will be done on Nov 10, 2023, and the allotted shares will be credited to your demat account by Nov 10, 2023

ASK Automotive IPO's listing date is Nov 15, 2023.

ASK Automotive Limited

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹32(11.35%)

Premium (ELP)

₹32
(11.35%)