ASK Automotive IPO Details
Issue Date
--
Price Range
₹282
Lot Size
53
IPO Size
₹833.91 Cr
ASK Automotive IPO Listing Details
Listing On
15 Nov'23
Issue Price
--
Listed Price
₹ 303.3
Retail Gain/Listing Gain
▲7.55%
Schedule of ASK Automotive IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
15/11/2023
ASK Automotive IPO Review | Issue Details, Future Strategies And More
Kotak Neo
•03m 02s
Company Background
Ask Automotive Limited is the largest manufacturer of brake-shoe and advanced braking (AB) systems for two-wheelers (2W) in India, with a market share of approximately 50% in Fiscal 2023 in terms of production volume for original equipment manufacturers (OEMs) and the branded independent aftermarket (IAM), on a combined basis (Source: CRISIL Report).
The company has been supplying safety systems and critical engineering solutions for more than three decades with in-house designing, developing and manufacturing capabilities. Their offerings are powertrain agnostic, catering to electric vehicles (EV) as well as internal combustion engine (ICE) OEMs.
The brand “ASK” is recognised as the leading brand in the 2W IAM in terms of production volume for Fiscal 2023 in India (Source: CRISIL Report).
Competitive Strengths
Well-established manufacturer of safety systems and critical engineering solutions
Long-standing customer relationships with both Indian and global OEM players
Financial and return metrics demonstrating growth and efficient use of capital
Risk Factors
- A significant portion of their revenue from operations is attributable to the Indian two-wheeler automotive sector.
- The company is dependent on the top three customers who contribute more than 50% of the revenue from operations.
- The business and profitability are substantially dependent on the availability and cost of raw materials.
Key Strategies
- “Electrification”– further strengthen their position in the growing EV sector in India.
- Diversify product offerings in the AB systems and ALP solutions categories and expand the addressable market.
- Leverage export opportunities and enter new markets.
Key Financials
Here are the key financials for Ask Automotive Limited:
How to apply for IPO through ASBA
Kotak Neo
•00m 59s
ASK Automotive IPO FAQs
The ASK Automotive IPO opens for subscription from [-] to [-], with a total issue size of ₹833.91 Cr. The IPO price band is ₹282 to ₹0 per share with a lot size of 53. The company aims to list the shares on BSE & NSE on 15-11-2023.
The ASK Automotive IPO will open for subscription on [-] and will close on [-] for investors.
The minimum lot size for the ASK Automotive IPO is 53 equity shares, requiring a minimum investment of ₹14946 for retail investors applying in the IPO.
The price band of the ASK Automotive IPO has been fixed at ₹282 to ₹0 per equity share.
You can apply for the ASK Automotive IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
ASK Automotive IPO allotment will take place on [-].
You can check the ASK Automotive IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
ASK Automotive shares will list on the stock exchanges on 15-11-2023.
The Ask Automotive Limited IPO has an issue size of Rs. 833.91 crores. The IPO opens for subscription on 7th November and closes on 9th November 2023.
Link Intime India Private Limited is the registrar for this IPO.
You may read more about Ask Automotive Limited and its IPO from the company’s red herring prospectus (RHP) here:
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