ASK Automotive IPO Details:
ASK Automotive's IPO date has been set, the IPO will open on November 7 and close on November 9. ASK Automotive IPO aims to raise approximately ₹834 crores through an IPO that includes an offer for sale of up to 29,571,390 shares of ₹2 each. The retail quota is 35%, the QIB quota is 50%, and the HNI quota is 15%.
Incorporated in 1988, ASK Automotive Limited is one of India's largest manufacturers of brake-shoe and advanced braking ("AB") systems for two-wheelers ("2W"), with a market share of roughly 50% in terms of production volume for original equipment manufacturers ("OEMs") and the branded independent aftermarket ("IAM") combined (Source: CRISIL Report). In terms of manufacturing volume for FY2023 in India, their brand "ASK" is acknowledged as the leading brand in the 2W IAM.
ASK Automotive's product portfolio includes
- ABsystems;
- Aluminium Light weighting Precision ("ALP")solutions, among which they are a prominent player for 2W OEMs in India with a market share of 9% in terms of production volume in Fiscal 2023 (Source: CRISIL Report);
- Wheel Assembly to 2W OEMs;wheel assembly to 2W OEMs;
- Safety Control Cables ("SCC") products.
They have 15 manufacturing units spread over five Indian states. TVS Motor Company Limited ("TVS"), Hero MotoCorp Limited ("Hero MotoCorp"), Ather Energy Private Limited ("Ather"), Bajaj Auto Limited ("Bajaj"), Greaves Electric Mobility Private Limited ("Greaves"), and Revolt Intellicorp Private Limited ("Revolt") are among the 2W EV OEMs that ASK Automotive supplies in India.
Objects of the Issue
The company will receive no funds from the Offer, and the Selling Shareholders will receive all Offer funds in proportion to the Offered Shares sold by the respective Selling Shareholders as part of the Offer.
ASK Automotive IPO Date & Price Band Details
| IPO Open: | 07-Nov-23 |
| IPO Close: | 09-Nov-23 |
| Issue Type: | Book Built Issue IPO |
| 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 |
| Lot size: | 53 Shares |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| Share holding pre issue: | 197,142,600 |
| Share holding post issue: | 197,142,600 |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
ASK Automotive IPO Market Lot Size
The minimum market lot for the ASK Automotive IPO is 53 shares with a ₹14,946 application amount. Retail investors can apply for up to 13 lots of 689 shares or ₹194,298.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 53 | ₹14,946 |
| Retail (Max) | 13 | 689 | ₹194,298 |
| S-HNI (Min) | 14 | 742 | ₹209,244 |
| S-HNI (Max) | 66 | 3498 | ₹986,436 |
| B-HNI (Min) | 67 | 3551 | ₹1,001,382 |
ASK Automotive Limited Financial Report
| Year | 2021 | 2022 | 2023 | 2024 3M |
|---|---|---|---|---|
| Assets | 948.25 | 1,105.56 | 1,281.21 | 1,443.34 |
| Revenue | 1,567.77 | 2,024.26 | 2,566.28 | 657.55 |
| Profit After Tax | 106.2 | 82.66 | 122.95 | 34.83 |
| Net Worth | 622.23 | 631.91 | 643.77 | |
| Reserves and Surplus | 581.54 | 591.73 | 604.34 | 639.03 |
| Total Borrowing | 54.02 | 119.78 | 231.82 | 268.03 |
| ₹ in Crores |
ASK Automotive IPO Valuation – FY2023
Check out the ASK Automotive IPO value details such as EPS, Price/Earnings P/E Ratio, Market Cap, Debt to Equity Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
| Earning Per Share (EPS): | ₹6.18 per Equity Share |
| Price/Earning P/E Ratio: | 45.63 |
| Market Cap | ₹5559 Cr |
| Debt/Equity | 0.49 |
| Return on Net Worth (RoNW): | 19.10% |
| Net Asset Value (NAV): | ₹32.66 per Equity Share |
How to apply for the ASK Automotive IPO?
You can apply for the ASK Automotive IPO using your bank account's ASBA. Simply log in to your online bank account and apply through your bank account by selecting the ASK Automotive IPO in the Invest section. You can also apply for the ASK Automotive IPO using IPO forms available from the NSE and BSE. Check out the ASK Automotive forms by clicking BSE Forms & NSE Forms free IPO forms to download, fill out and submit to your bank or broker.
ASK Automotive IPO Allotment & Listing Dates
The ASK Automotive IPO is scheduled for November 7, with a close date of November 9. The ASK Automotive IPO allotment will be completed on November 15, with the IPO listing scheduled for November 20.
| Anchor Investors Allotment: | 06-Nov-23 |
| IPO Open Date: | 07-Nov-23 |
| IPO Close Date: | 09-Nov-23 |
| Basis of Allotment: | 15-Nov-23 |
| Refunds: | 16-Nov-23 |
| Credit to Demat Account: | 17-Nov-23 |
| IPO Listing Date: | 20-Nov-23 |
Peer Group
- Endurance Technologies Limited
- Bharat Forge Limited
- Suprajit Engineering Limited
- Uno Minda Limited
Company Promoters
- Kuldip Singh Rathee
- Vijay Rathee
ASK Automotive IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: askauto.ipo@linkintime.co.in
Website: https://linkintime.co.in
ASK Automotive IPO Lead Managers
- Jm Financial Limited
- Axis Capital Limited
- ICICI Securities Limited
- Iifl Securities Ltd
Company Address
Flat No. 104, 929/1,
Naiwala,Faiz Road
Karol Bagh,New Delhi 110 005
Phone: +91 124 4396907
Email: compliance@askbrake.com
Website: https://askbrake.com/
ASK Automotive IPO - FAQs:
What exactly is the ASK Automotive IPO?
The ASK Automotive IPO is a main-board ipo. They plan to raise ₹834 Crores through an IPO. The issue is priced between ₹268 and ₹282 per equity share. The IPO will be listed on the BSE and NSE.
When will the ASK Automotive initial public offering (IPO) begin?
The IPO is scheduled to begin on November 7, 2023, for QIB, NII, and Retail Investors.
What exactly is the ASK Automotive IPO Investors Portion?
QIB investors receive 50%, NII investors receive 15%, and Retail investors receive 35%.
What is ASK Automotive IPO Size?
The size of the ASK Automotive IPO is ₹834 crores.
What is the ASK Automotive IPO Price Band?
The price range for the ASK Automotive IPO is ₹268 to ₹282.
What is the ASK Automotive IPO Allotment Date?
The allotment date for the ASK Automotive IPO is November 15, 2023.
What is the IPO listing date for ASK Automotive?
The IPO listing date for ASK Automotive is November 20, 2023. The IPO will be listed on the BSE and NSE.
How to Apply the ASK Automotive IPO?
You can apply for the ASK Automotive IPO through ASBA using your bank account. You can also apply for ASBA online through your stock broker using UPI. You can also apply through your stock broker by filling out the offline application form.
How to Apply for the ASK Automotive IPO using Zerodha?
Log in to the Console using the Zerodha website or application. Navigate to Portfolio and select IPO. The IPO name "ASK Automotive" will be visible. Select the Bid Button. Enter your UPI ID, Quantity, and Price. Fill out the IPO Application Form. Now, open your Net Banking UPI or BHIM app and approve the mandate.
How to Apply the ASK Automotive IPO through Upstox?
Log in to the Upstox Application using your credentials. Choose the IPO. The IPO name "ASK Automotive" will be visible. Select the Bid Button. Please confirm your application. Now, open your Net Banking UPI or BHIM app and approve the mandate.
How to Apply the ASK Automotive IPO through IndMoney?
Log in to the IndMoney App using your credentials. Choose the IPO. The IPO name "ASK Automotive" will be visible. Click the Apply Now Button. Enter the No. of Lots to apply for and click the Apply Now Button again. Enter your UPI ID and click Confirm and Apply Button. Now, go to your Net Banking UPI App or BHIM App or Google Pay or PhonePe from which the UPI ID was taken, and approve the UPI mandate. Open a IndMoney Demat Account - INDmoney Referral Code is: FAT7CEOMIND
How to Apply the ASK Automotive IPO through Paytm Money?
Log in to the Paytm Money App using your credentials. Choose the IPO. The IPO name "ASK Automotive" will be visible. Select the Bid Button. Please confirm your application. Now, go to your Net Banking UPI App or BHIM App to approve the mandate.