ASK Automotive IPO Price: ₹268 - ₹282
IPO Date Range: Nov 7, 2023 - Nov 9, 2023
Founded in the year 1988, ASK Automotive Limited has solidified its position as a leading manufacturer of cutting-edge Advanced Braking Systems exclusively designed for two-wheelers within the dynamic landscape of India.
Ask Automotive Limited is a top-notch company that offers a wide range of high-quality products to its customers. The company's product line includes
With a presence not only in the vibrant Indian market but also in various international locations, the company has established itself as a global player in the industry.
By June 2023, the company boasts an extensive network of 15 manufacturing units strategically positioned across five states in India. ASK Automotive serves as a trusted supplier to a distinguished clientele of Original Equipment Manufacturers, including HMSI, HMCL, Suzuki, TVS, Yamaha, Bajaj, Royal Enfield, Denso, Magneti Marelli, and many others. Furthermore, it extends its product offerings to the independent aftermarket and caters to the global export market through its state-of-the-art manufacturing facilities located in various regions of the country.
Remarkably, the company's manufacturing facilities hold prestigious certifications in quality and safety, such as IATF 16949:2016, ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, reflecting their commitment to excellence in both product quality and workplace safety.
| IPO Date | November 7, 2023 to November 9, 2023 |
| Listing Date | Monday, November 20, 2023 |
| Face Value | ₹2 per share |
| Price Band | ₹268 to ₹282 per share |
| Lot Size | 53 shares |
| Total Issue Size | 29,571,390 shares (aggregating up to ₹834 Cr) |
| Offer For Sale | 29,571,390 shares (aggregating up to ₹834 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 197,142,600 |
| Share holding post issue | 197,142,600 |
The minimum lot size to apply in this ASK Automotive Limited IPO consists of 53 shares, requiring an investment of ₹14,946.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 53 | ₹14,946 |
| Retail (Max) | 13 | 689 | ₹ 194,298 |
| S-HNI (Min) | 14 | 742 | ₹ 209,244 |
| S-HNI (Max) | 67 | 3,498 | ₹ 986,436 |
| B-HNI (Min) | 68 | 3,551 | ₹1,001,382 |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| IPO Open Date | Tuesday, November 7, 2023 |
| IPO Close Date | Thursday, November 9, 2023 |
| Basis of Allotment | Wednesday, November 15, 2023 |
| Initiation of Refunds | Thursday, November 16, 2023 |
| Credit of Shares to Demat | Friday, November 17, 2023 |
| Listing Date | Monday, November 20, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 9, 2023 |
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ASK Automotive Limited saw a remarkable 26.78% surge in revenue, while their post-tax profit (PAT) soared by an impressive 48.75% between the fiscal year ending on March 31, 2023, and March 31, 2022.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 30 June 2023 |
|---|---|---|---|---|
| Assets | 948.25 | 1105.56 | 1281.21 | 1443.34 |
| Revenue | 1567.77 | 2024.26 | 2566.28 | 657.55 |
| Profit After Tax | 106.20 | 82.66 | 122.95 | 34.83 |
| Net Worth | 622.23 | 631.91 | 643.77 | |
| Reserves & Surplus | 581.54 | 591.73 | 604.34 | 639.03 |
| Total Borrowing | 54.02 | 119.78 | 231.80 | 268.03 |
| KPI | Values |
|---|---|
| P/E (x) | 45.63 |
| Market Cap (₹ Cr) | 5559 |
| Debt/ Equity | 0.49 |
| EPS (Rs) | 6.18 |
| RoNW | 19.10% |
The company will not be entitled to any proceeds from the Offer. Instead, all the Offer Proceeds will go to the Selling Shareholders, with distribution based on the number of Offered Shares sold by each respective Selling Shareholder as part of the Offer.
Prospectus: Official documents that provide detailed information about the IPO and the company. ASK Automotive IPO DRHP and ASK Automotive IPO RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"ASK Automotive Limited" IPO is ₹268 to ₹282 per share.
The "ASK Automotive Limited" IPO is expected to be listed on Monday, 20 November 2023.
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