The ASK Automotive IPO started on November 7, 2023, and ended on November 9, 2023. Shares were allocated on November 15, 2023, and refund processes began on November 16, 2023. On November 17, 2023, the shares were credited to investors demat accounts. ASK Automotive was officially listed on the stock exchange on November 20, 2023.
During the IPO, ASK Automotive offered shares at a price range of ₹268 to ₹282 per share, and the lot size was 53 shares. The total issue size was ₹834.00 crores, with ₹834.00 crores from new shares. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
ASK Automotive Limited IPO Subscription Update Video
ASK Automotive IPO Subscription Status
The ASK Automotive IPO on November 9, 2023 was subscribed 51.14 times, with the retail category being subscribed 5.70 times, the NII (Non-Institutional Investor) category being subscribed 35.47 times, the QIB (Qualified-Institutional Buyers) category being subscribed 142.41 times.
| Category | Subscription |
| QIB | 142.41x |
| NII | 35.47x |
| Retail | 5.70x |
| Total | 51.14x |
ASK Automotive IPO Basic Details
| Company Name | ASK Automotive Limited |
| Domain of Company | Auto Ancillary Company |
| ASK Automotive IPO Open Date | November 7, 2023 |
| ASK Automotive IPO Close Date | November 9, 2023 |
| ASK Automotive IPO Allotment Date | November 15, 2023 |
| ASK Automotive IPO Listing Date | November 20, 2023 |
| Face Value | ₹2 per share |
| Price | ₹268 to ₹282 per share |
| Lot Size | 53 Shares |
| Issue Size | 29,571,390 shares of ₹2 (aggregating up to ₹834.00 Cr) |
| Offer for Sale | 29,571,390 shares of ₹2 (aggregating up to ₹834.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Kuldip Singh Rathee and Vijay Rathee |
About ASK Automotive Limited
ASK Automotive Limited was founded in 1988, and it’s a company in India that makes advanced braking systems for motorcycles. They make various products like AB systems, lightweight aluminum precision (ALP), wheel assemblies for two-wheeler manufacturers, and safety control cables (SCC). ASK Automotive operates both in India and abroad.
As of June 2023, the company has 15 manufacturing units in five different states in India. They supply their products to well-known motorcycle manufacturers like HMSI, HMCL, Suzuki, TVS, Yamaha, Bajaj, Royal Enfield, Denso, Magneti Marelli, and others. They also cater to the independent aftermarket and export markets with manufacturing facilities located throughout the country.
It’s important to note that ASK Automotive’s manufacturing facilities have top-notch certifications for quality and safety, including IATF 16949:2016, ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018.
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ASK Automotive IPO FAQs
What is the start and end date of ASK Automotive IPO Subscription?
The ASK Automotive IPO started on November 7, 2023, and ended on November 9, 2023.
When does ASK Automotive IPO Subscription open?
The ASK Automotive IPO open on November 7, 2023.
When does ASK Automotive IPO Subscription close?
The ASK Automotive IPO Close on November 9, 2023.
What is the allotment date of ASK Automotive IPO?
The allotment date for ASK Automotive IPO is November 15, 2023.
When is the initial refund date of ASK Automotive IPO?
The initial Refund date for ASK Automotive IPO is November 16, 2023.
When were the shares credited to investors demat accounts for the ASK Automotive IPO?
The shares for the ASK Automotive IPO were credited to investors demat accounts on November 17, 2023.
When will ASK Automotive IPO be listed on the stock market?
ASK Automotive IPO stock market will be listed on November 20, 2023 at 10 am.
What was the price range of the ASK Automotive IPO shares?
The ASK Automotive IPO shares were offered at a price range of ₹268 to ₹282 per share.
What was the lot size for the ASK Automotive IPO shares?
The lot size for the ASK Automotive IPO shares was 53 shares.
What was the total issue size of the ASK Automotive IPO?
The total issue size of the ASK Automotive IPO was ₹834.00 crores.
How were the shares allocated among different types of investors for the ASK Automotive IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the ASK Automotive IPO listed?
The ASK Automotive IPO was listed on both the NSE and BSE.
What is the ASK Automotive IPO Subscription Status?
ASK Automotive IPO is subscribed 51.14 Times.
