₹ 14946 / 53 shares
IPO Details
Issue Date
--
Min Investments
₹ 14946
Issue Price
282
Lot Size
53
IPO Size
₹ 833.91 Cr
IPO Listing Details
Listing On
15 Nov'23
Issue Price
282
Listed Price
₹ 303.3
Retail Gain/Listing Gain
▲7.55%
IPO Timeline
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).
With that, let's take a look at the competitive strengths and risk factors for Ask Automotive Limited:
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:
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•00m 59s
How to apply for an IPO using UPI
Kotak Securities
•01m 19s
How to apply for an IPO using UPI
Ask Automotive Limited FAQs
What is the Ask Automotive Limited IPO?
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.
Who is the Registrar for Ask Automotive Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.
Where can I read more about Ask Automotive Limited’s business?
You may read more about Ask Automotive Limited and its IPO from the company’s red herring prospectus (RHP) here:
