ASK AUTOMOTIVE (MAINBOARD)
Nov 7, 2023 - Nov 9, 2023
| Price | ₹268 - ₹282 |
| Premium | ₹32 |
|---|---|
| Lot size | 53 |
| Allotment | Nov 10, 2023 |
| Listing | Nov 15, 2023 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 53 | 14946 | 195283 |
| sHNI | 14 | 742 | 209244 | 1993 |
| bHNI | 67 | 3551 | 1001382 | 3985 |
Last Updated as on 09-Nov-2023 17:54:00
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 59,14,278 | 84,22,28,565 | 142.41 |
| HNIs | 44,35,709 | 15,73,44,068 | 35.47 |
| HNIs (10+L) | 29,57,139 | 12,16,29,011 | 41.13 |
| HNIs (2-10L) | 14,78,570 | 3,57,15,057 | 24.16 |
| Retail | 1,03,49,987 | 5,89,99,176 | 5.7 |
| Total | 2,06,99,974 | 1,05,85,71,809 | 51.14 |
Incorporated in 1988, ASK Automotive Limited is a manufacturer of Advance Braking Systems for two-wheelers in India.
The product range of the company includes (I) AB systems; (ii) aluminium lightweight precision("ALP") (iii) wheel assembly to 2W OEMs; and (iv) safety control cables ("SCC"). The company operates in India as well as overseas.
As of June 2023, the company has 15 manufacturing units spread across five states in India. ASK Automotive supplies to Original Equipment Manufacturers like HMSI, HMCL, Suzuki, TVS, Yamaha, Bajaj, Royal Enfield, Denso, Magneti Marelli, and others. It also provides to the independent aftermarket and the export market through its manufacturing facilities located in different parts of the country.
The company's manufacturing facilities have world-class certifications in quality and safety including IATF 16949:2016, ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018.
ASK Automotive IPO Details
| Issue Size | 29,571,390 shares (aggregating up to ₹834.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹834.00 Cr) |
| Offer for Sale | 29,571,390 shares of ₹2 (aggregating up to ₹[.] 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 |
ASK Automotive IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| 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 |
Company Financials
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 | 30 Jun 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 1,443.34 | 1,281.21 | 1,105.56 | 948.25 |
| Revenue | 657.55 | 2,566.28 | 2,024.26 | 1,567.77 |
| Profit | 34.83 | 122.95 | 82.66 | 106.20 |
| Net Worth | 643.77 | 631.91 | 622.23 | |
| Reserves | 639.03 | 604.34 | 591.73 | 581.54 |
| Borrowing | 268.03 | 231.82 | 119.78 | 54.02 |
| Amount in ₹ Crore | ||||
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: askauto.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html