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)
Brokerage Firm IPO Review
- Reliance Securities: Apply
- Swastika Investmart: May apply
- Canara Bank Securities Ltd – Apply
ASK Automotive IPO Date & Price Band Details
|IPO Open:||November 7, 2023|
|IPO Close:||November 9, 2023|
|IPO Size:||Approx ₹834 Crores|
|Offer for Sale:||Approx 29,571,390 shares|
|Face Value:||₹2 Per Equity Share|
|IPO Price Band:||₹268 to ₹282 Per Share|
|IPO Listing on:||BSE & NSE|
|DRHP Draft Prospectus:||Click Here|
|RHP Draft Prospectus:||Click Here|
|Anchor Investors List:||Click Here|
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.
|Anchor Investors Allotment:||November 6, 2023|
|IPO Open Date:||November 7, 2023|
|IPO Close Date:||November 9, 2023|
|Basis of Allotment:||November 11, 2023|
|Refunds:||November 13, 2023|
|Credit to Demat Account:||November 14, 2023|
|IPO Listing Date:||November 15, 2023|
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
|₹ in Crores|
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.
|Earning Per Share (EPS):||₹6.18 per Equity Share|
|Price/Earning P/E Ratio:||N/A|
|Return on Net Worth (RoNW):||19.10%|
|Net Asset Value (NAV):||₹32.66 per Equity Share|
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- Suprajit Engineering Limited
- Bharat Forge Limited
- Kuldip Singh Rathee
- Vijay Rathee
ASK Automotive IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
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
ASK Automotive Limited
Flat No. 104, 929/1,
Karol Bagh,New Delhi 110 005
Phone: +91 124 4396907
Email: [email protected]
ASK Automotive IPO FAQs
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Note: The ASK Automotive IPO price band and date are officially announced. The IPO grey market premium (ASK Automotive IPO Premium) will be added to the IPO grey market page as it will start).
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