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ASK Automotive IPO Details 2023

IPO Status: Listed [7th Nov 2023 to 9th Nov 2023]

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ASK Automotive IPO Detail

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.

ASK Automotive IPO Details

IPO Issue Opening Date: 7th Nov 2023
IPO Issue Closing Date: 9th Nov 2023
IPO Issue Price: ₹268.00-282.00 Per Share
DRHP: Download DRHP
RHP: Download RHP
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
IPO Discount: TBD
Promoter Holding Pre IPO: 100%
Promoter Holding Post IPO:
Allotment Status: Allotment Status
BSE Code: 544022

ASK Automotive IPO Important Dates

Get important updates regarding ASK AutomotiveIPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

ASK Automotive IPO dates
IPO Activity Date
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

ASK Automotive IPO Lots

IPO Activity Date
Issue Price ₹268.00-282.00
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)

ASK Automotive IPO GMP**

GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
15-11-2023282.00281100/15400₹310 (9.93%)15-Nov-2023 8:27
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**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.

About Company - ASK Automotive

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.

ASK Automotive IPO Strengths

  • Established manufacturer of safety systems and critical engineering solutions for some of India’s largest original equipment manufacturers (“OEMs”)
  • Technology and innovation-driven manufacturing process with a wide range of systems and solutions for the EV and ICE sectors
  • Long-standing customer relationships with both Indian and global OEMs
  • Financial and return on investment metrics that demonstrate growth and efficient use of capital
  • Professional management and board of directors
Incorporation Sector IPO Issue Size Website
1988 Advance Braking Systems ₹834.00 Cr

ASK Automotive IPO Objective

The company will not receive any proceeds from the Offer and all the Offer Proceeds will be received by the Selling Shareholders, in proportion to the Offered Shares sold by the respective Selling Shareholders as part of the Offer.
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ASK Automotive IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 5,914,278 Shares
  • Non-Institutional Investors: 4,435,709 Shares
  • Retail Individual Investor: 10,349,987 Shares
IPO Bidding Live Updates from BSE + NSE
 # of Shares Offered5,914,278 (28.57%)4,435,709 (21.43%)10,349,987 (50%)20,699,974
17th Nov 2023 19:040.03x0.41x0.57x0.39x
28th Nov 2023 19:040.06x2.28x1.70x1.35x
39th Nov 2023 19:04142.41x35.47x5.70x51.14x

ASK Automotive Financials for past 3 Years

Past performance and financial results of ASK Automotive.

ASK Automotive Limited Financial Information (Restated Consolidated)

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 Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax34.83122.9582.66106.20
Net Worth643.77631.91622.23
Reserves and Surplus639.03604.34591.73581.54
Total Borrowing268.03231.82119.7854.02
Amount in ₹ Crore

Company Address

ASK Automotive Limited
Flat No. 104, 929/1, Naiwala,Faiz Road, Karol Bagh
New delhi,Delhi-110005
Phone: +91 124 4396907
Email: [email protected]

ASK Automotive IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: [email protected]
ASK Automotive IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for ASK Automotive? Should I apply in ASK Automotive IPO?

Last Updated on 19-Nov-2023 06:02:44


Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase ASK Automotive IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply ASK Automotive IPO with Zerodha.

Alternate approch to apply in ASK Automotive IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

ASK Automotive IPO Review and Important Updates

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Apply in ASK Automotive IPO online

To subscribe or apply in ASK Automotive IPO, you can use the following methods:

ASK Automotive IPO Applying Mode
Online Application3-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 Application2-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.

Online ApplicationASBA

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 ApplicationPhysical 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.

ASK Automotive IPO Review and Important Updates

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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

ASK Automotive IPO Review and Important Updates

Steps to download the online application form for ASK Automotive IPO

  • Step1:Click here.
  • Step2: Click on “Bid-cum Application Form Download
  • Step3: Above Step will open an online form.
  • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
  • Step5: Fill bid details - min 53 and max 689 shares (13 lots).
  • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
  • Step7: This will fill your application online and give you a pdf file.
  • Step8: Take a print of this document and go to your bank for UPI transactions.
  • Or

  • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

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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:

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ASK Automotive IPO Allotment Date is 10-11-2023.

Other relevant questions:

ASK Automotive IPO share allotment date?ASK Automotive IPO allotment date?


User Reviews

4. Venkateswarlu Anchula Oct 31 2023 07:02:52 AM Reply
ASK Automotive IPO expected listing gain.
3. Navin Pratap Yadav Oct 31 2023 07:02:52 AM Reply
Please confirm ASK Automotive IPO GMP (grey market premium) and kostak.
2. Pulichselvi Oct 31 2023 07:02:52 AM Reply
ASK Automotive IPO good or bad.
1. RAJKARAN SINGH  Oct 31 2023 07:02:52 AM Reply
ASK Automotive IPO whether to invest or not.