ASK Automotive IPO GMP, Listing Dates, IPO Price Band, IPO Lot Size

ASK Automotive IPO is set to launch, with the subscription period commencing on November 7,2023 and closing on November 9, 2023. This NSE IPO aims to raise ₹ 834 crores, with a 231.04 crore are of fresh Equity and 2.96 crore are of OFS out of 29,571,390 equity shares, each with a face value of ₹2. The price band for the Sunrest Lifescience IPO is fixed at ₹268 – ₹282 per share, with a market lot of 53 shares. The allocation for this IPO is structured as follows: Retail (35%), Qualified Institutional Buyers (QIB, 50%), and High Net Worth Individuals (HNI, 15%). ASK Automotive IPO Allotment will done on November 15, 2023 and Sunrest Lifescience IPO listing date is November 15, 2023.

ASK Automotive Company Profile

ASK Automotive Limited is a significant player in the Indian market, serving as one of the largest manufacturers of brake-shoe and advanced braking (AB) systems for two-wheelers (2W). In Fiscal 2023, they secured a substantial market share of about 50% in terms of production volume for original equipment manufacturers (OEMs) and the branded independent aftermarket (IAM) on a combined basis, as per a CRISIL Report. Their brand, “ASK,” stands out as a leading name in the 2W IAM segment in India, particularly in terms of production volume for Fiscal 2023.

ASK Automotive IPO GMP

ASK Automotive IPO Objectives

The funds raised through the IPO will be utilized for:

1. Augmenting additional working capital requirements
2. General Corporate Purposes

ASK Automotive IPO Key Details

• ASK Automotive IPO Open Date: November 7, 2023
• ASK Automotive IPO Close Date: November 9, 2023
• ASK Automotive IPO Size: Approximately ₹ 834 Crores, 29,571,390 Equity Shares
• Face Value: ₹2 Per Equity Share
• ASK Automotive IPO Price Band: ₹268 -₹282 Per Equity Share
• ASK Automotive IPO Listing on: NSE
• Retail Quota: 35% of the net offer
• NII Quota: 15% of the net offer
• QIB Quota: 50% of the net offer

ASK Automotive IPO Timeline

• Anchor Investors Allotment: November 6, 2023
• IPO Open Date: November 7, 2023
• IPO Close Date: November 9, 2023
• Basis of Allotment: November 15, 2023
• Refunds: November 15, 2023
• Credit to Demat Account: November 15, 2023
• IPO Listing Date: November 15, 202

How to Apply for ASK Automotive IPO

Investors can apply for the ASK Automotive IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

ASK Automotive Financial Performance (in Crores)

•  Year 2021: Revenue ₹1568, Expense ₹1420, PAT ₹106.20
• Year 2022: Revenue ₹2024, Expense ₹1906, PAT ₹82.66
• Year 2023: Revenue ₹2566, Expense ₹2391, PAT ₹122.95
• Year 2024 (3 Months): Revenue ₹658, Expense ₹612, PAT ₹34.83

ASK Automotive Valuation  FY2023

•  Earning Per Share (EPS): ₹6.18 per Equity Share
• Price/Earning (P/E) Ratio: N/A
• Return on Net Worth (RoNW): 19.10%
• Net Asset Value (NAV): ₹32.66 per Equity Share

ASK Automotive Peer Group

• N/A

ASK Automotive Company Promoters

• Kuldip Singh Rathee
• Vijay Rathee

ASK Automotive IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: celloworld.ipo@linkintime.co.in

Website: https://linkintime.co.in

 

ASK Automotive IPO Allotment Status Check

• Check the ASK Automotive IPO allotment status on the Link Intime website.

ASK Automotive IPO Lead Managers (Merchant Bankers)

• JM Financial Limited
• Axis Capital Limited
• ICICI Securities Limited
• IIFL Securities Ltd.

 

ASK Automotive Company Address

Flat No. 104, 929/1,
Naiwala, Faiz Road
Karol Bagh, New Delhi 110 005
Phone: +91 124 4396907
Email: compliance@askbrake.com
Website: https://askbrake.com

 

ASK Automotive IPO FAQs

 

What is ASK Automotive IPO?

ASK Automotive IPO is an NSE IPO. They are going to raise ₹834 Crores via IPO. The issue is priced at ₹282 per equity share. The IPO is to be listed on BSE & NSE.

When ASK Automotive IPO will open?

The IPO is to open on November 7, 2023 for NII, QIB and Retail Investors.

What is ASK Automotive IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the ASK Automotive IPO?

You can apply ASK Automotive IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply ASK Automotive IPO through Zerodha?

For those using Zerodha, the application process involves logging into the Zerodha Console, selecting the IPO under the Portfolio section, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with Zerodha may be necessary for some applicants. Open Demat Account with Zerodha.

How to Apply the ASK Automotive IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

How to Apply for the ASK Automotive IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

What is ASK Automotive IPO Size?

ASK Automotive IPO size is ₹834 crores.

What is ASK Automotive IPO Price Band?

ASK Automotive IPO Price Band is ₹268 – ₹282 per equity share.

What is ASK Automotive IPO Minimum and Maximum Lot Size?

The IPO bid is 53 shares with ₹14,946.

What is ASK Automotive IPO Allotment Date?

ASK Automotive IPO allotment date is November 15, 2023.

What is ASK Automotive IPO Listing Date?

ASK Automotive IPO listing date is November 15, 2023. The IPO to list on NSE.