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 Securities
•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).
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 Securities
•00m 59s
Trending IPOs
31 Dec - 02 Jan'26 | |||||||||
07 Jan - 09 Jan'26 | |||||||||
06 Jan - 08 Jan'26 | |||||||||
To be announced | |||||||||
To be announced | |||||||||
ASK Automotive IPO FAQs
Trending IPOs
31 Dec - 02 Jan'26 | |||||||||
07 Jan - 09 Jan'26 | |||||||||
06 Jan - 08 Jan'26 | |||||||||
To be announced | |||||||||
To be announced | |||||||||