ASK Automotive Ltd

Auto Ancillaries

Offer Period :

7th to 11th Nov 2023

Established in 1988, ASK Automotive Limited is a leading Indian manufacturer specializing in Advance Braking Systems for two-wheelers. With 15 state-of-the-art manufacturing units across India, Read more... the company supplies renowned OEMs and exports its products globally, maintaining top-notch quality and safety certifications.Read less

ASK Automotive Ltd IPO Details

IPO Date 7th to 11th Nov 2023 Minimum Investment ₹14946 / 1 Lots
Listing Date 2023-11-15 Maximum Investment ₹194298 / 13 Lots
Face Value ₹2 per share Total Issue Size ₹833.91 Crores
Price ₹282 to ₹282 per share Fresh Issue ₹0 Crores
Lot Size 1 Lots (53 Shares) Offer For Sale ₹ 833.91
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 7th to 11th Nov 2023
Listing Date 2023-11-15
Face Value ₹2 per share
Price ₹282 to ₹282 per share
Lot Size 1 Lots (53 Shares)
Listing At BSE, NSE
Employee Discount ₹0 Crores
Minimum Investment ₹14946 / 1 Lots
Maximum Investment ₹194298 / 13 Lots
Total Issue Size ₹833.91 Crores
Fresh Issue ₹0 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

7th Nov

IPO Starts

9th Nov

IPO Ends

10th Nov

Allotment Date

10th Nov

Initiation of Refund

13th Nov

Credit of Shares to Demat Account

15th Nov

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 90.2 75.2
Public Group 9.8 24.8

ASK Automotive Ltd IPO Reservation

QIB Shares Offered 5914278(20%)
NII (HNI) Shares Offered 4435709(15%)
Retail Shares Offered 10349986(35%)
Anchor Investor Shares Offered 8871417(30%)
Total Shares Offered 29571390
Total Shares With Anchor Investor 29571390

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

ASK Automotive Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 810 811 4949
Email Id askauto.ipo@linkintime.co.in
Our Website www.linkintime.co.in

ASK Automotive Ltd IPO Lead Manager

1. JM Financial Ltd

2. Axis Capital Ltd

3. ICICI Securities Ltd

4. IIFL Securities Ltd

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ASK Automotive Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of ASK Automotive Ltd

1. Well established manufacturer of safety systems and critical engineering solutions for some of India's largest OEMs in an industry with high entry barriers.

2. Robust production model driven by research and development ("R&D") and design with an emphasis on: (i) advanced material knowledge to customize systems and products based on customer specifications and (ii) engineering lighter precision products.

3. Technology and innovation-driven manufacturing process, with an extensive suite of systems and solutions for EV and ICE sectors.

4. Long-standing customer relationships with both Indian and global OEM players.

5. Financial and return metrics demonstrating growth and efficient use of capital.

6. Professional management and board.

Risks Involved

1. A significant portion (more than 80%) of its revenue from operations in each of the last three Fiscals is attributable to the Indian two-wheeler automotive sector. Any adverse changes in the two-wheeler automotive sector could adversely impact its business, results of operations and financial condition.

2. The company is dependent on its top three customers who contribute more than 50.00% of its revenue from operations with it single largest customer contributing more than 30.00% of its revenue from operations in each of the last three Fiscals. Loss of any of these customers or a reduction in purchases by any of them could adversely affect its business, results of operations and financial condition.

3. The company's business and profitability is substantially dependent on the availability and cost of its raw materials, including Aluminium, and any disruption to the timely and adequate supply of raw materials, or volatility in the prices of raw materials may adversely impact its business, results of operations and financial condition.

4. The company depends on third parties for the supply of raw materials and do not have firm commitments for supply or exclusive arrangements with any of its suppliers. Loss of suppliers may have an adverse effect on the company business, results of operations and financial condition.

5. The company may not be successful in implementing its growth strategies, particularly increasing the company market share in the evolving electric vehicle market, which could have an adverse effect on its business, financial condition, cash flows and results of operations.

6. The company has undertaken and may continue to undertake technical collaborations, joint ventures, strategic investments, alliances and acquisitions in the future, which may be difficult to integrate and manage, exposing it to risks that could adversely affect the company business.

7. The company has experienced growth in recent years and may be unable to sustain its growth or manage it effectively.

8. The company use third-party dealers to market, sell and deliver products in the independent aftermarket ("IAM") category and are subject to risks associated with these arrangements.

9. The company outsource certain operations of its business such as transport, logistics and other processes to third parties. Any failure by such third parties to deliver their services could have an adverse impact on the company business.

10. The company manufacturing facilities are concentrated in the state of Haryana and certain products (disc brake pads and safety control cables) are manufactured only at its manufacturing facilities in Haryana. Any significant social, political, economic or seasonal disruption, natural calamities or civil disruptions in Haryana could have an adverse effect on the company business, results of operations, future cash flows and financial condition.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
  2023 2022 2021
Total Assets 1281.21 1105.56 948.25
Total Liabilities 1281.21 1105.56 948.25
Total Expenses 2390.63 1905.99 1420.4
Total Revenue 
2566.28 2024.26 1567.77
Profit After Tax 122.95 82.66 106.2
EBITDA 241.65 176.98 205.71
Adjusted EBITDA 0 0 0

ASK Automotive Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-11-15 544022 ASKAUTOLTD
INE491J01022
₹282 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹282 ₹282
Open ₹304.9 ₹303.3
Low ₹304.15 ₹303.3
High ₹317 ₹316.7
Low ₹304.15 ₹303.3

Frequently Asked Questions

What is ASK Automotive Ltd IPO?

Answer Field

ASK Automotive Ltd IPO is a Mainboard IPO of 2,95,71,390 equity shares of a face value of ₹2 aggregating up to ₹833.91 Crores. The issue is priced at ₹282 to ₹282 per share. The minimum order quantity is 53 Shares. The IPO opens on November 07, 2023, and closes on November 09, 2023. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When ASK Automotive Ltd IPO will open?

Answer Field

The ASK Automotive Ltd IPO opens on November 07, 2023 and closes on November 09, 2023.

What is the lot size of ASK Automotive Ltd?

Answer Field

ASK Automotive Ltd lot size is 53 shares, and the minimum amount required is ₹14,946.

How to apply for ASK Automotive Ltd IPO?

Answer Field

You can apply in ASK Automotive Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is ASK Automotive Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for ASK Automotive Ltd IPO will be done on November 10, 2023, and the allotted shares will be credited to your demat account by November 13, 2023.

When is ASK Automotive Ltd IPO listing date?

Answer Field

The ASK Automotive Ltd listing date is November 15, 2023.

Who is the registrar of ASK Automotive Ltd IPO?

Answer Field

The registrar of ASK Automotive Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

JM Financial Ltd,Axis Capital Ltd,ICICI Securities Ltd,IIFL Securities Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of ASK Automotive Ltd IPO?

Answer Field

The fresh issue size is ₹[-] Crores equity shares.

What minimum lot size can retail subscribers subscribe to ASK Automotive Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 53 shares and ₹14,946 amount.

How can I approve the UPI mandate request for ASK Automotive Ltd IPO?

Answer Field

To apply for ASK Automotive Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of ASK Automotive Ltd?

Answer Field

The price of each ASK Automotive Ltd share will be ranging in between ₹282 to ₹282 per share.

What is the cut-off time for the UPI mandate for ASK Automotive Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, November 09, 2023.

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