{"id":5208,"date":"2023-11-02T11:15:31","date_gmt":"2023-11-02T05:45:31","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=5208"},"modified":"2023-11-02T11:15:33","modified_gmt":"2023-11-02T05:45:33","slug":"ask-automotive-ipo","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/ask-automotive-ipo\/","title":{"rendered":"ASK Automotive IPO Details - Complete Overview of ASK Automotive Limited IPO"},"content":{"rendered":"\n<p><strong>ASK Automotive IPO Price: <\/strong>\u20b9268 - \u20b9282<strong><br>IPO Date Range:<\/strong> Nov 7, 2023 - Nov 9, 2023<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:35%\">\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" width=\"345\" height=\"136\" src=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2023\/11\/ASK-LOGO.jpg\" alt=\"ASK Automotive IPO\" class=\"wp-image-5210\" style=\"aspect-ratio:1.7480314960629921;width:299px;height:auto\" srcset=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2023\/11\/ASK-LOGO.jpg 345w, https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2023\/11\/ASK-LOGO-150x59.jpg 150w\" sizes=\"(max-width: 345px) 100vw, 345px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:65%\">\n<h2 class=\"wp-block-heading\"> Foundation &amp; Business Essence:<\/h2>\n\n\n\n<p>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. <\/p>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Product Portfolio:<\/h2>\n\n\n\n<p>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<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>AB systems, which are integral for enhancing braking performance <\/li>\n\n\n\n<li>Aluminum lightweight precision (\"ALP\") components known for their quality and durability<\/li>\n\n\n\n<li>Wheel assembly solutions tailored to the specific needs of 2W OEMs<\/li>\n\n\n\n<li>Safety control cables (\"SCC\") designed to ensure safety and reliability. <\/li>\n<\/ul>\n\n\n\n<p>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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Network and Presence:<\/h2>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-background has-medium-font-size\" style=\"background:linear-gradient(115deg,rgb(254,205,165) 0%,rgb(254,45,45) 50%,rgb(107,0,62) 100%);font-style:normal;font-weight:700\">Bidding Starts In<\/h2>\n\n\n\n<div class=\"wp-block-uagb-countdown uagb-block-3d225132\"><div class=\"wp-block-uagb-countdown__box wp-block-uagb-countdown__box-days\"><div class=\"wp-block-uagb-countdown__time wp-block-uagb-countdown__time-days\">-<\/div><div class=\"wp-block-uagb-countdown__label\">DAYS<\/div><\/div><div class=\"wp-block-uagb-countdown__box wp-block-uagb-countdown__box-hours\"><div class=\"wp-block-uagb-countdown__time wp-block-uagb-countdown__time-hours\">-<\/div><div class=\"wp-block-uagb-countdown__label\">HOURS<\/div><\/div><div class=\"wp-block-uagb-countdown__box wp-block-uagb-countdown__box-minutes\"><div class=\"wp-block-uagb-countdown__time wp-block-uagb-countdown__time-minutes\">-<\/div><div class=\"wp-block-uagb-countdown__label\">MINUTES<\/div><\/div><div class=\"wp-block-uagb-countdown__box wp-block-uagb-countdown__box-seconds\"><div class=\"wp-block-uagb-countdown__time wp-block-uagb-countdown__time-seconds\">-<\/div><div class=\"wp-block-uagb-countdown__label\">SECONDS<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-marketing-button uagb-marketing-btn__align-center uagb-marketing-btn__align-text-center uagb-marketing-btn__icon-after uagb-block-5217ab29 wp-block-button\"><a href=\"https:\/\/lakshmishree.com\/ipo\/\" class=\"uagb-marketing-btn__link wp-block-button__link\" target=\"_blank\" rel=\"noopener noreferrer\"><span class=\"uagb-marketing-btn__title\">APPLY NOW<\/span><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\"><path d=\"M384 320c-17.67 0-32 14.33-32 32v96H64V160h96c17.67 0 32-14.32 32-32s-14.33-32-32-32L64 96c-35.35 0-64 28.65-64 64V448c0 35.34 28.65 64 64 64h288c35.35 0 64-28.66 64-64v-96C416 334.3 401.7 320 384 320zM488 0H352c-12.94 0-24.62 7.797-29.56 19.75c-4.969 11.97-2.219 25.72 6.938 34.88L370.8 96L169.4 297.4c-12.5 12.5-12.5 32.75 0 45.25C175.6 348.9 183.8 352 192 352s16.38-3.125 22.62-9.375L416 141.3l41.38 41.38c9.156 9.141 22.88 11.84 34.88 6.938C504.2 184.6 512 172.9 512 160V24C512 10.74 501.3 0 488 0z\"><\/path><\/svg><p class=\"uagb-marketing-btn__prefix\">Dream Big, Start with an IPO. Choose Lakshmishree.<\/p><\/a><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">ASK Automotive IPO Specifics:<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>IPO Date<\/td><td>November 7, 2023 to November 9, 2023<\/td><\/tr><tr><td>Listing Date<\/td><td>Monday, November 20, 2023<\/td><\/tr><tr><td>Face Value<\/td><td>\u20b92 per share<\/td><\/tr><tr><td>Price Band<\/td><td>\u20b9268 to \u20b9282 per share<\/td><\/tr><tr><td>Lot Size<\/td><td>53 shares<\/td><\/tr><tr><td>Total Issue Size<\/td><td>29,571,390 shares<br>(aggregating up to \u20b9834 Cr)<\/td><\/tr><tr><td>Offer For Sale<\/td><td>29,571,390 shares<br>(aggregating up to \u20b9834 Cr)<\/td><\/tr><tr><td>Issue Type<\/td><td>Book Built Issue IPO<\/td><\/tr><tr><td>Listing At<\/td><td>BSE, NSE<\/td><\/tr><tr><td>Share holding pre issue<\/td><td>197,142,600<\/td><\/tr><tr><td>Share holding post issue<\/td><td>197,142,600<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">ASK Automotive IPO Lot Size<\/h2>\n\n\n\n<p>The minimum lot size to apply in this <strong>ASK Automotive Limited <\/strong>IPO consists of 53 shares, requiring an investment of \u20b914,946.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Application<\/th><th>Lots<\/th><th>Shares<\/th><th>Amount<\/th><\/tr><\/thead><tbody><tr><td>Retail (Min)<\/td><td>1<\/td><td>53<\/td><td>\u20b914,946 <\/td><\/tr><tr><td>Retail (Max)<\/td><td>13<\/td><td>689<\/td><td>\u20b9 194,298<\/td><\/tr><tr><td>S-HNI (Min)<\/td><td>14<\/td><td>742<\/td><td>\u20b9 209,244<\/td><\/tr><tr><td>S-HNI (Max)<\/td><td>67<\/td><td>3,498<\/td><td>\u20b9 986,436<\/td><\/tr><tr><td>B-HNI (Min)<\/td><td>68<\/td><td>3,551<\/td><td>\u20b91,001,382 <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">ASK Automotive IPO Reservation<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>QIB Shares Offered<\/td><td>Not more than 50% of the Net Issue<\/td><\/tr><tr><td>Retail Shares Offered<\/td><td>Not less than 35% of the Net Issue<\/td><\/tr><tr><td>NII (HNI) Shares Offered<\/td><td>Not less than 15% of the Net Issue<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">ASK Automotive IPO Timetable (Important Dates)<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>IPO Open Date<\/td><td>Tuesday, November 7, 2023<\/td><\/tr><tr><td>IPO Close Date<\/td><td>Thursday, November 9, 2023<\/td><\/tr><tr><td>Basis of Allotment<\/td><td>Wednesday, November 15, 2023<\/td><\/tr><tr><td>Initiation of Refunds<\/td><td>Thursday, November 16, 2023<\/td><\/tr><tr><td>Credit of Shares to Demat<\/td><td>Friday, November 17, 2023<\/td><\/tr><tr><td>Listing Date<\/td><td>Monday, November 20, 2023<\/td><\/tr><tr><td>Cut-off time for UPI mandate confirmation<\/td><td>5 PM on November 9, 2023<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-uagb-advanced-heading uagb-block-b994fb1e\"><h2 class=\"uagb-heading-text\">Don't Miss Out!<\/h2><div class=\"uagb-separator\"><\/div><p class=\"uagb-desc-text\">Whether you're a seasoned investor or just starting out, Lakshmishree ensures you don't miss out on premier IPO opportunities. Dive into the future of investing with Lakshmishree.<\/p><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-50 is-style-fill\"><a class=\"wp-block-button__link has-vivid-red-background-color has-background has-text-align-center wp-element-button\" href=\"https:\/\/lakshmishree.com\/ipo\/\" target=\"_blank\" rel=\"noreferrer noopener\">APPLY NOW<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">ASK Automotive Limited IPO Financial Information<\/h2>\n\n\n\n<p>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.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Period Ended<\/th><th>31 Mar 2021<\/th><th>31 Mar 2022<\/th><th>31 Mar 2023<\/th><th>30 June 2023<\/th><\/tr><\/thead><tbody><tr><td>Assets<\/td><td>948.25<\/td><td>1105.56<\/td><td>1281.21<\/td><td>1443.34<\/td><\/tr><tr><td>Revenue<\/td><td>1567.77<\/td><td>2024.26<\/td><td>2566.28<\/td><td>657.55<\/td><\/tr><tr><td>Profit After Tax<\/td><td>106.20<\/td><td>82.66<\/td><td>122.95<\/td><td>34.83<\/td><\/tr><tr><td>Net Worth<\/td><td>622.23<\/td><td>631.91<\/td><td>643.77<\/td><td><\/td><\/tr><tr><td>Reserves &amp; Surplus<\/td><td>581.54<\/td><td>591.73<\/td><td>604.34<\/td><td>639.03<\/td><\/tr><tr><td>Total Borrowing<\/td><td>54.02<\/td><td>119.78<\/td><td>231.80<\/td><td>268.03<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><small>Amount in \u20b9 Crore<\/small><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Key Performance Indicator - ASK Automotive IPO<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>KPI<\/th><th>Values<\/th><\/tr><\/thead><tbody><tr><td>P\/E (x)<\/td><td>45.63<\/td><\/tr><tr><td>Market Cap (\u20b9 Cr)<\/td><td>5559<\/td><\/tr><tr><td>Debt\/ Equity<\/td><td>0.49<\/td><\/tr><tr><td>EPS (Rs)<\/td><td>6.18<\/td><\/tr><tr><td>RoNW<\/td><td>19.10%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Objects of the Issue:<\/strong><\/h2>\n\n\n\n<p>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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Prospectus Links:<\/strong><\/h2>\n\n\n\n<p><strong>Prospectus:<\/strong> Official documents that provide detailed information about the IPO and the company. <a href=\"https:\/\/www.sebi.gov.in\/filings\/public-issues\/jun-2023\/ask-automotive-ltd-drhp_72673.html\" target=\"_blank\" rel=\"noopener\">ASK Automotive IPO DRHP<\/a> and <a href=\"https:\/\/www.sebi.gov.in\/filings\/public-issues\/oct-2023\/ask-automotive-limited-rhp_78542.html\" target=\"_blank\" rel=\"noopener\">ASK Automotive IPO RHP<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Frequently Asked Questions<\/strong><\/h2>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-e0c8c4f4\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1693390748634\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">What is an IPO?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>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.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390791940\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">Why do companies go public with an IPO?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390691805\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">What is the price range for the \"ASK Automotive Limited\" IPO?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The price range for the\"ASK Automotive Limited\" IPO is \u20b9268 to \u20b9282 per share.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390728061\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">When will the \"ASK Automotive Limited\" IPO be listed on the stock exchange?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The \"ASK Automotive Limited\" IPO is expected to be listed on Monday, 20 November 2023.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390318021\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">How to apply for an IPO with Lakshmishree?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>To apply for an IPO with Lakshmishree:<br \/>Go to www.lakshmishree.com\/ipo<br \/>Select the desired IPO and fill in the required details.<br \/>Confirm your application and make the payment.<br \/>Once applied, you can track the status of your application on the platform or get in your registered Email ID.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390631857\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">How can I check the subscription status of an IPO on Lakshmishree?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Log in to your Lakshmishree account and navigate to the 'IPO' section. Here, you can view live updates on the subscription status of ongoing IPOs.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>ASK Automotive IPO Price: \u20b9268 - \u20b9282IPO Date Range: Nov 7, 2023 - Nov 9, 2023 Foundation &amp; Business Essence: 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. Product Portfolio: Ask Automotive [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5215,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[336],"tags":[],"class_list":["post-5208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/comments?post=5208"}],"version-history":[{"count":5,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5208\/revisions"}],"predecessor-version":[{"id":5218,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5208\/revisions\/5218"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media\/5215"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media?parent=5208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=5208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=5208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}