ASK Automotive Limited
- IPO Date07 Nov, 2023 to 09 Nov, 2023
- Listing Date20 Nov, 2023
- Face Value₹2 per share
- Issue Price₹268 to ₹282 per share
- Lot Size53 Shares
- Minimum Investment₹14,946
- Listing AtBSE, NSE
- Total Issue Size2,95,71,390 Shares
(aggregating up to ₹833.91 Cr) - Fresh Issue-
- Offer for Sale2,95,71,390 Shares
(aggregating up to ₹833.91 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue19,71,42,600
- Shareholding post issue19,71,42,600
IPO Dates
Closing Date
09 Nov, 2023
Initiation of Refunds
17 Nov, 2023
Listing Date
20 Nov, 2023
07 Nov, 2023
Opening Date
15 Nov, 2023
Basis of Allotment
17 Nov, 2023
Credit of Shares
ASK Automotive Limited Lot Size
Investors can bid for a minimum of 53 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 53 | ₹14,946 |
| S-HNI (Min) | 14 | 742 | ₹2,09,244 |
| Retail (Max) | 13 | 689 | ₹1,94,298 |
ASK Automotive Limited Promoter Holding
The promoters of the company are Kuldip Singh Rathee and Vijay Rathee.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | - |
ASK Automotive Limited COMPANY INFORMATION
ASK Automotive IPO is a book built issue of Rs 834.00 crores. The issue comprises of fresh issue of Rs 834.00 crore and offer for sale of 2.96 crore shares. ASK Automotive IPO opens for subscription on November 7, 2023 and closes on November 9, 2023. The allotment for the ASK Automotive IPO is expected to be finalized on Wednesday, November 15, 2023. ASK Automotive IPO will list on BSE, NSE with tentative listing date fixed as Monday, November 20, 2023. ASK Automotive IPO price band is set at ₹268 to ₹282 per share. The minimum lot size for an application is 53 Shares. The minimum amount of investment required by retail investors is ₹14,946. The minimum lot size investment for sNII is 14 lots (742 shares), amounting to ₹209,244, and for bNII, it is 67 lots (3,551 shares), amounting to ₹1,001,382. Jm Financial Limited, Axis Capital Limited, ICICI Securities Limited and Iifl Securities Ltd are the book running lead managers of the ASK Automotive IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to ASK Automotive IPO RHP for detailed information.
Incorporated in 1988, 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.
FAQs About Ask Automotive Limited
ASK Automotive Limited will open on 07 Nov, 2023 and close on 09 Nov, 2023. Investors must apply within this period to participate.
The ASK Automotive Limited price band is set between ₹268.00 and ₹282.00 per share. The minimum lot size is 53, requiring an investment of at least ₹14946.00.
The ASK Automotive Limited shares are expected to be listed on 20 Nov, 2023, subject to regulatory approvals and final allotment.
You can track your ASK Automotive Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The ASK Automotive Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.