ASK Automotive IPO Date, Review, Price, Allotment Details

ASK Automotive Limited is one of the largest manufacturers of brake-shoe and advanced braking (“AB”) systems for two-wheelers (“2W”) in India with a market share of approximately 50% in Fiscal 2023 in terms of production volume for original equipment manufacturers (“OEMs”) and the branded independent aftermarket (“IAM”), on a combined basis (Source: CRISIL Report). Their brand “ASK” is recognised as the leading brand in the 2W IAM in terms of production volume for Fiscal 2023 in India.

ASK Automotive product range includes (i) ABsystems; (ii) aluminium lightweighting precision (“ALP”)solutions, where we are a prominent player for 2W OEMs in India with a market share of 9% in Fiscal 2023 in terms of production volume (Source: CRISIL Report); (iii) wheel assembly to2W OEMs; and (iv) safety control cables(“SCC”) products.

They have 16 manufacturing units in five states of India. ASK Automotive supplies to 2W EV OEMs in India, including 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”).

Objects of the Issue

• 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 IPO Review (Apply or Not)

• Apply

Brokerage Firm IPO Review

• Reliance Securities: Apply
• Swastika Investmart: May apply
• Canara Bank Securities Ltd – Apply

ASK Automotive IPO Date & Price Band Details

ASK Automotive IPO Market Lot

The ASK Automotive IPO minimum market lot is 53 shares with ₹14,946 application amount. The retail investors can apply up-to 13 lots with 689 shares or ₹194,298 amount.

ASK Automotive IPO Allotment & Listing Dates

The ASK Automotive IPO date is November 7 and the close date is November 9. The ASK Automotive IPO allotment will be finalized on November 11 and the IPO listing on November 15.

You can check IPO subscription status and IPO allotment status on their respective pages.

ASK Automotive IPO Form

How to apply for the ASK Automotive IPO? You can apply for ASK Automotive IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the ASK Automotive IPO in the Invest section. The other option is you can apply for ASK Automotive IPO via IPO forms downloaded via NSE and BSE. Check out the ASK Automotive forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

ASK Automotive Company Financial Report

ASK Automotive IPO Valuation – FY2023

Check ASK Automotive IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group

• Endurance Technologies Limited
• Uno Minda Limited
• Suprajit Engineering Limited
• Bharat Forge Limited

Company Promoters

• Kuldip Singh Rathee
• Vijay Rathee

ASK Automotive IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in

ASK Automotive IPO Allotment Status Check

Check ASK Automotive IPO allotment status on Linkintime website allotment URL. Click Here

ASK Automotive IPO Lead Managers aka Merchant Bankers

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

Company Address

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 FAQs