₹ 14946 / 53 shares
₹ 833.91 Cr
Retail Gain/Listing Gain
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:
Here are the key financials for Ask Automotive Limited:
Particulars (in Rs. million)
How to apply for IPO through ASBA
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.