ASK Automotive Ltd IPOs

Discover key details about ASK Automotive Ltd IPO- the opening and closing dates, and more.

About ASK Automotive Ltd

Incorporated in 1988, ASK Automotive, a major brake shoe and advanced braking system producer for two-wheelers, held a 50% market share in FY 2022.

IPO Details

IPO Date:  7th Nov - 9th Nov 2023 Total Issue Size:  Rs. 834Crore Price Band:  Rs. 268 – Rs. 282 per share Lot Size:  53 Shares in each lot Allotment Date:  15th November 2023 Listing Date:  20th November 2023 Minimum Investment:  Rs 14,946

Strengths of the IPO

1. ASK Automotive serves India's top 2-wheeler OEMs in a robust market. 2. Achieving 28.64% CAGR in operating revenue from FY21 to FY23, ASK Automotive demonstrates strong growth potential.

Risks Involved

1. 80% revenue from Indian two-wheeler sector. 2. Top 3 customers generate 50%+ revenue, with the largest at 30%.

IPO Objective

· The company won't receive IPO proceeds, which is entirely an offer for sale. · The IPO aims to boost visibility, brand, and offer liquidity to existing shareholders.