Discover key details about ASK Automotive Ltd IPO- the opening and closing dates, and more.
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 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
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.
1. 80% revenue from Indian two-wheeler sector. 2. Top 3 customers generate 50%+ revenue, with the largest at 30%.
· 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.