IPO Status: Listed [7th Nov 2023 to 9th Nov 2023]
Ask Automotive Limited is offering its mainboard IPO on BSE and NSE platform. The subscription of this IPO is opening from 07 Nov to 09 Nov 2023 and face value is Rs 2 per shere. Its price band is ranging from Rs 268 to 282 per shere and minimum lot size of this mainboard IPO is 53 Sheres.
Keep visiting this website to get the latest details of Ask Automotive Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.
|IPO Issue Opening Date:||7th Nov 2023|
|IPO Issue Closing Date:||9th Nov 2023|
|IPO Issue Price:||₹268.00-282.00 Per Share|
|Anchor List:||Download Anchor List|
|IPO Listing At:||BSE, NSE|
|Retail Quota:||Not less than 35% of the Net Issue|
|IPO Issue Type:||Book Build Issue|
|IPO Issue Size:||₹834.00 Cr|
|Offer for Sale:||₹834.00 Cr|
|Face Value:||₹2 Per Equity Share|
|Promoter Holding Pre IPO:||100%|
|Promoter Holding Post IPO:|
|Allotment Status:||Allotment Status|
Get important updates regarding ASK AutomotiveIPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
|Basis of Allotment Date*||10th Nov 2023|
|Refunds Initiation*||10th Nov 2023|
|Credit of Shares to Demat*||13th Nov 2023|
|IPO Listing Date*||15th Nov 2023|
* - Tentative Dates
|Market Lot:||53 Shares|
|1 Lot Amount:||₹14946|
|Min Small HNI Lots(2-10 Lakh):||742 shares (14 lots)|
|Min Big HNI Lots(10+ Lakh):||3551 shares (67 lots)|
|GMP Date||IPO Price||GMP||Sub2 Sauda Rate||Expected Listing Gain||Last Updated|
|15-11-2023||282.00||28||1100/15400||₹310 (9.93%)||15-Nov-2023 8:27|
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Ask automotive limited was established in January 1988. The Company is the largest manufacturer of brake shoes and advanced braking systems (“AB”) for two-wheelers (“2W”) in India with a market share of approximately 50% in FY2023 in terms of production volume for original equipment manufacturers (“OEMs”) and unbranded aftermarket (“IAM”) on a combined basis. The Company has been providing safety systems and critical engineering solutions for more than three decades and has in-house design, development and manufacturing capabilities. The company's offering is powertrain agnostic and targets both electric vehicle “and internal combustion engine vehicle manufacturers. The "ASK" brand “is considered the leading brand in the 2W IAM in terms of production volume in FY2023 in India.
With our in-house design and development capabilities, we are able to deliver complex precision components and solutions with a focus on quality and have been able to diversify our business in both automotive and non-automotive sectors. The Company started manufacturing brake shoes for 2Ws in 1989 and has since diversified its business to include (i) AB systems, (ii) Aluminium Lightweight Precision (“ALP”) solutions where it is a major player for 2W OEMs in India with a 9% market share in FY2023 in terms of production volume, (iii) wheel assembly for 2W OEMs and (iv) Safety Control Cable (“SCC”) products. The Company supplies its portfolio of AB systems, ALP solutions, wheel assembly and SCC products to original equipment manufacturers (i) in the automotive sector for 2Ws, three-wheelers (“3Ws”), passenger vehicles (“PVs”) and commercial vehicles (“CVs”) and (ii) in the non-automotive sector for off-road vehicles (“ATVs”), power tools and outdoor equipment.
Their business is based on technology and expertise in advanced materials engineering and precision engineering. They focus on design and R&D and have more than 30 years of experience
In developing customised products to meet the changing needs of their customers. Their R&D
Capabilities include: (i) their advanced materials engineering with a portfolio of 52 proprietary formulations (seven of which are licenced to us as of June 2023) that they use in the manufacture of AB systems for 2W, 3W, PV and CV that are adapted to the safety, durability and performance specifications of EV and ICE OEMs; and (ii) their precision engineering, in-house tooling design, design simulation, prototyping and manufacturing capabilities that give us a competitive advantage on the quality, cost and delivery (“QCD”) parameters.
|Incorporation||Sector||IPO Issue Size||Website|
|1988||Advance Braking Systems||₹834.00 Cr||https://askbrake.com/|
The table below is live update of IPO bidding details from NSE and BSE.
|# of Shares Offered||5,914,278 (28.57%)||4,435,709 (21.43%)||10,349,987 (50%)||20,699,974|
|1||7th Nov 2023 19:04||0.03x||0.41x||0.57x||0.39x|
|2||8th Nov 2023 19:04||0.06x||2.28x||1.70x||1.35x|
|3||9th Nov 2023 19:04||142.41x||35.47x||5.70x||51.14x|
Past performance and financial results of ASK Automotive.
ASK Automotive Limited's revenue increased by 26.78% and profit after tax (PAT) rose by 48.75% between the financial year ending with March 31, 2023 and March 31, 2022.
|Period Ended||30 Jun 2023||31 Mar 2023||31 Mar 2022||31 Mar 2021|
|Profit After Tax||34.83||122.95||82.66||106.20|
|Reserves and Surplus||639.03||604.34||591.73||581.54|
|Amount in ₹ Crore|
Last Updated on 19-Nov-2023 06:02:44
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To subscribe or apply in ASK Automotive IPO, you can use the following methods:
|ASK Automotive IPO Applying Mode||Method||Details|
|Online Application||3-in-1 Trading Account|
If your broker is 3-in-1 service provider, you can apply in ASK Automotive IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.
|Online Application||2-in-1 Trading Account|
Brokers like Zerodha, TradeSmart Online provides access to applying in ASK Automotive IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.
This is one of the most popular mode of applying in ASK Automotive IPO. Most of the Syndicate Banks provide access to apply in ASK Automotive IPO via ASBA process. You must have your net banking access, DP ID information to apply in ASK Automotive IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.
|Offline Application||Physical Form|
You can apply in ASK Automotive IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.
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Applying in ASK Automotive IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download ASK Automotive IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply ASK Automotive IPO, please refer article >> Link
Steps to download the online application form for ASK Automotive IPO
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ASK Automotive IPO is going to be list on 15-11-2023. NSE Code for ASK Automotive is ASKAUTOLTD. BSE Code for ASK Automotive is 544022.
Other relevant questions:When ASK Automotive IPO will be listing? ASK Automotive IPO NSE listing date?ASK Automotive IPO date of listing.ASK Automotive IPO BSE listing date?
ASK Automotive IPO Allotment Date is 10-11-2023.
Other relevant questions:ASK Automotive IPO share allotment date?ASK Automotive IPO allotment date?