BAJAJ BROKING

Notification
No new Notification messages
Inventurus Knowledge Solutions IPO is Open!
Apply for the Inventurus Knowledge Solutions IPO through UPI in just minutes.
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.

ASK Automotive Ltd

Auto Ancillaries

Offer Period :

7th to 9th 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 9th 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 per share    
IPO Date 7th to 9th 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 per share
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

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

Explore IPOs


Explore comprehensive IPO details for every IPO. Access essential information such as listing price, listing date, issue price, lot size, issue size, minimum investment, and IPO timeline. Gain insights into the company's background, strengths, and potential risks. Track the subscription status and delve into the financials of the company, empowering yourself with crucial data for informed investment decisions. Stay ahead in the dynamic IPO market by staying informed on upcoming, ongoing, and past IPOs. 
 

Stay ahead in the ever-evolving IPO landscape with our comprehensive platform. We offer a holistic resource, ensuring you not only access essential details but also gain valuable insights into market trends. Navigate confidently, armed with intricate analyses, expert opinions, and real-time updates. Whether you're a seasoned investor or a novice, our user-friendly interface and extensive information empower you to make well-informed decisions. Experience the convenience of having a dedicated space where you can delve into the intricacies of IPOs, enabling a strategic and calculated approach to the dynamic stock market. 

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

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 1568.45 1281.21 1105.56
Total Liabilities 1568.45 1281.21 1105.56
Total Expenses 2791.48 2390.63 1905.99
Total Revenue 
3004.95 2566.28 2024.26
Profit After Tax 173.77 122.95 82.66
EBITDA 327.52 241.65 176.98
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.

No results found

Browse IPOs

upcoming-radio
  • IPO Name
  • Bidding Dates
  • Price range
  • IPO Size
  • Lorem Ipsum
current-radio
  • IPO Name
  • Bidding Dates
  • Price range
  • IPO Size
  • Lorem Ipsum
  • YASH HIGHVOLTAGE LIMITEDSME IPO

  • Bidding Dates

    12th Dec 2024 - 12th Dec 2024

  • Price Range

    ₹138.0 - 146.0

  • IPO Size

    ₹1,10,01,00,000

  • Apply Now
  • HAMPS BIO LIMITEDSME IPO

  • Bidding Dates

    13th Dec 2024 - 12th Dec 2024

  • Price Range

    ₹51.0 - 51.0

  • IPO Size

    ₹6,22,00,000

  • Apply Now
  • NACDAC INFRASTRUCTURE LIMITEDSME IPO Early Access

  • Bidding Dates

    17th Dec 2024 - 12th Dec 2024

  • Price Range

    ₹33.0 - 35.0

  • IPO Size

    ₹10,01,00,000

  • Apply Now
  • NACDAC INFRASTRUCTURE LIMITEDSME IPO Early Access

  • Bidding Dates

    17th Dec 2024 - 12th Dec 2024

  • Price Range

    ₹33.0 - 35.0

  • IPO Size

    ₹10,01,00,000

  • Apply Now
  • IDENTICAL BRAINS STUDIOS LIMITEDSME IPO Early Access

  • Bidding Dates

    18th Dec 2024 - 12th Dec 2024

  • Price Range

    ₹51.0 - 54.0

  • IPO Size

    ₹19,95,00,000

  • Apply Now
closed-radio
  • IPO Name
  • Bidding Dates
  • Price range
  • IPO Size
  • Lorem Ipsum
  • SWIGGY LIMITEDMainboard IPO

  • Bidding Dates

    6th Nov 2024 - 11th Nov 2024

  • Price Range

    ₹371.0 - 390.0

  • IPO Size

    ₹1,13,27,43,00,000

  • Invest Now
performance-radio
  • IPO Name
  • ISSUE PRICE
  • LISTING DAY CLOSE
  • LISTING DAY(GAIN/LOSS)
  • Lorem Ipsum
  • NTPC GREEN ENERGY LIMITEDMainboard IPO

  • Issue Price

    108.00

  • Listing Day Close

    122.10

  • Listing Day (Gain/Loss)

    12.96

  • ONYX BIOTEC LIMITEDSME IPO

  • Issue Price

    61.00

  • Listing Day Close

    56.75

  • Listing Day (Gain/Loss)

    -6.56

  • ZINKA LOGISTICS SOLUTIONS LIMITEDMainboard IPO

  • Issue Price

    273.00

  • Listing Day Close

    260.20

  • Listing Day (Gain/Loss)

    -4.76

  • MANGAL COMPUSOLUTION LIMITEDSME IPO

  • Issue Price

    45.00

  • Listing Day Close

    42.75

  • Listing Day (Gain/Loss)

    -4.44

  • NEELAM LINENS AND GARMENTS INDIA LIMITEDSME IPO

  • Issue Price

    24.00

  • Listing Day Close

    38.05

  • Listing Day (Gain/Loss)

    58.33

  • NIVA BUPA HEALTH INSURANCE COMPANY LIMITEDMainboard IPO

  • Issue Price

    74.00

  • Listing Day Close

    74.00

  • Listing Day (Gain/Loss)

    0.00

  • SWIGGY LIMITEDMainboard IPO

  • Issue Price

    390.00

  • Listing Day Close

    455.95

  • Listing Day (Gain/Loss)

    16.92

  • ACME SOLAR HOLDINGS LIMITEDMainboard IPO

  • Issue Price

    289.00

  • Listing Day Close

    253.50

  • Listing Day (Gain/Loss)

    -12.11

  • SAGILITY INDIA LIMITEDMainboard IPO

  • Issue Price

    30.00

  • Listing Day Close

    29.36

  • Listing Day (Gain/Loss)

    -3.33

  • AFCONS INFRASTRUCTURE LIMITEDMainboard IPO

  • Issue Price

    463.00

  • Listing Day Close

    474.55

  • Listing Day (Gain/Loss)

    2.59

  • USHA FINANCIAL SERVICES LIMITEDSME IPO

  • Issue Price

    168.00

  • Listing Day Close

    155.85

  • Listing Day (Gain/Loss)

    -7.14

  • GODAVARI BIOREFINERIES LIMITEDMainboard IPO

  • Issue Price

    352.00

  • Listing Day Close

    342.85

  • Listing Day (Gain/Loss)

    -2.56

  • OBSC PERFECTION LIMITEDSME IPO

  • Issue Price

    100.00

  • Listing Day Close

    115.50

  • Listing Day (Gain/Loss)

    16.00

  • UNITED HEAT TRANSFER LIMITEDSME IPO

  • Issue Price

    59.00

  • Listing Day Close

    63.95

  • Listing Day (Gain/Loss)

    8.47

  • DANISH POWER LIMITEDSME IPO

  • Issue Price

    380.00

  • Listing Day Close

    598.50

  • Listing Day (Gain/Loss)

    57.63

  • WAAREE ENERGIES LIMITEDMainboard IPO

  • Issue Price

    1503.00

  • Listing Day Close

    2336.80

  • Listing Day (Gain/Loss)

    55.49

  • DEEPAK BUILDERS AND ENGINEERS INDIA LIMITEDMainboard IPO

  • Issue Price

    203.00

  • Listing Day Close

    161.90

  • Listing Day (Gain/Loss)

    -20.20

  • PREMIUM PLAST LIMITEDSME IPO

  • Issue Price

    49.00

  • Listing Day Close

    48.90

  • Listing Day (Gain/Loss)

    0.00

  • FRESHARA AGRO EXPORTS LIMITEDSME IPO

  • Issue Price

    116.00

  • Listing Day Close

    134.70

  • Listing Day (Gain/Loss)

    16.38

  • LAKSHYA POWERTECH LIMITEDSME IPO

  • Issue Price

    180.00

  • Listing Day Close

    359.10

  • Listing Day (Gain/Loss)

    99.44

We have something for everyone

Explore more Investment options

Stocks

Secure and enhance your financial future today

investment-card-icon

IPOs

Your gateway to future financial opportunities

investment-card-icon

MTF

Explore Buy Now Pay Later and boost your capital by up to 4x  

investment-card-icon

US Stocks

Discover opportunities to invest in elite FAANG stocks

investment-card-icon

Related Articles

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

8 Lacs+ Users

icon-with-text

4.4+ App Rating

icon-with-text

4 Languages

icon-with-text

₹4700+ Cr MTF Book

icon-with-text