IPO : ASK Automotive Limited
ASK Automotive Limited IPO
ASK Automotive Limited is a Public Listed Indian auto ancillary major, having pioneered in providing Advanced Braking (AB) Systems and Solutions for the country’s automobile market. Founded in 1988 by the first-generation entrepreneur and visionary Mr. Kuldip Singh Rathee, ASK Automotive is today India’s Largest Manufacturer of 2W Advanced Braking Systems, commanding an ~ 50% share of the Indian two-wheeler market for Advanced Braking Systems including, brake shoes, disc brake pads and brake panel assemblies.
Thank you for reading this post, don't forget to subscribe!The Company is also among the leading manufacturers of Aluminium Lightweighting Precision Solutions (die-casting to critical machining, paint shop, and critical assemblies) for automotive and non-automotive applications and has successfully achieved a unique positioning across Automobile OEMs with powertrain agnostics products focussing on EV domain.
| SYMBOL | ASKAUTO |
| ISSUE TYPE | Book Built Issue IPO |
| ISSUE OPENS ON | November 7, 2023 (Tuesday) |
| ISSUE CLOSES ON | November 9, 2023 (Thursday) |
| ISSUE PRICE | Rs.268 Rs.282 per share |
| ISSUE SIZE | Up to Rs.834.00 Crores |
| FACE VALUE | Rs.2 per share |
ASK Automotive IPO is a book built issue of Rs 834.00 crores. The issue is entirely an offer for sale of 2.96 crore shares.
ASK Automotive IPO bidding opened for subscription on November 7, 2023 and will close on November 9, 2023.
| MINIMUM BID | 53 shares |
| MINIMUM AMOUNT | Rs.14,946 |
| MAXIMUM BID | 689 shares |
| MAXIMUM AMOUNT | Rs.1,94,298 |
| LISTING AT | BSE-NSE |
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.
Objects of the Issue (ASK Automotive IPO Objectives)
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