₹ 14946 / 53 shares

IPO Details

Issue Date

--

Investment/lot

₹ 14946

Price Range

282

Lot Size

53

IPO Size

₹ 833.91 Cr

IPO Listing Details

Listing On

15 Nov'23

Issue Price

--

Listed Price

₹ 303.3

Retail Gain/Listing Gain

7.55%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

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All you need to know about Ask Automotive IPO
Tune in to know more about the company, IPO issue details, future strategies, important financial details, its presence and reach, service portfolio, and much more with Kinjal Parekh!

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).

Well-established manufacturer of safety systems and critical engineering solutions
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Long-standing customer relationships with both Indian and global OEM players
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Financial and return metrics demonstrating growth and efficient use of capital
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  • 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.
  • “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.

Here are the key financials for Ask Automotive Limited:

Particulars (in Rs. million)

Particulars (in Rs. million)

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ASK Automotive Ltd IPO FAQs

ASK Automotive Ltd will list on 2023-11-15.

833.91 is the issue size of ASK Automotive Ltd IPO.

The minimum lot size is 53 shares and the investment required is ₹14946.

The price band of ASK Automotive Ltd IPO is ₹282 to ₹0.

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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