ASK Automotive Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

07 Nov 2023

Close Date

09 Nov 2023

Allotment

10 Nov 2023

Listing Date

15 Nov 2023

Exchange

NSE & BSE

Price Band

₹282

Listing Price

See chart

Allotment Status

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Price Band

₹282

Per share

Face Value

₹2 per share

Lot Size

53 Shares

per lot

Issue Size

2,95,71,390 shares (aggregating up to ₹833.91 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹14,946

1 lot

Post-IPO Holding

19,71,42,600 shares

Promoters

P/E (Pre)

45.63x

P/E (Post)

39.89x

EPS (Pre)

₹6.18

UPI Deadline

2023-11-09

Mandate

Anchor AllotmentMon, 06 Nov 2023

Basis of AllotmentFri, 10 Nov 2023

Refund InitiationFri, 10 Nov 2023

Demat CreditMon, 13 Nov 2023

Listing DayWed, 15 Nov 2023

UPI Mandate Deadline2023-11-09

Sale TypeOffer For Sale

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

ASK Automotive Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 09 Nov 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	29,571,390	100%	₹833.91

IPO Shares Offered

ASK Automotive Ltd. IPO total issue size: ₹833.91 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Total	29,571,390	₹833.91	100.00%

* Based on upper price band ₹282 per share

Lot Size & Investment

Lot Size

Shares per Lot

Issue Price

₹282.00

Upper Band

Min Investment

₹14,946

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	106	₹29,892
Retail (Max — 13 Lots)	13	689	₹194,298
S-HNI (Min — 14 Lots)	14	742	₹209,244
B-HNI (Min — 68 Lots)	68	3,604	₹1,016,328

* Issue Price ₹282 × Lot Size 53 shares

IPO Schedule

Anchor

06 Nov 2023

✓ Done

IPO Open

07 Nov 2023

✓ Done

IPO Close

09 Nov 2023

✓ Done

Allotment

10 Nov 2023

✓ Done

Refunds

10 Nov 2023

✓ Done

Demat Credit

13 Nov 2023

✓ Done

Listing Day

15 Nov 2023

✓ Done

₹282.00

INR · BSE

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Issue ₹282.00 Live Price

About ASK Automotive Ltd.

Incorporated in 1988, ASK Automotive Limited is a manufacturer of Advance Braking Systems for two-wheelers in India.The product range of the company includes (I) AB systems; (ii) aluminium lightweight precision("ALP") (iii) wheel assembly to 2W OEMs; and (iv) safety control cables ("SCC"). The company operates in India as well as overseas.As of June 2023, the company has 15 manufacturing units spread across five states in India. ASK Automotive supplies to Original Equipment Manufacturers like HMSI, HMCL, Suzuki, TVS, Yamaha, Bajaj, Royal Enfield, Denso, Magneti Marelli, and others. It also provides to the independent aftermarket and the export market through its manufacturing facilities located in different parts of the country.The company's manufacturing facilities have world-class certifications in quality and safety including IATF 16949:2016, ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018.

Objects of the Issue

The company will not receive any proceeds from the Offer and all the Offer Proceeds will be received by the Selling Shareholders, in proportion to the Offered Shares sold by the respective Selling Shareholders as part of the Offer.

ASK Automotive Ltd. Financials (Amount in Crore)

Revenue from Operations

₹2,024.3

31 Mar 2022

₹2,566.3

31 Mar 2023

₹657.6

30 Jun 2023

Profit After Tax (PAT)

₹82.7

31 Mar 2022

₹123.0

31 Mar 2023

₹34.8

30 Jun 2023

Particulars	30 Jun 2023	31 Mar 2023	31 Mar 2022
Revenue from Operations	657.55	2566.28	2024.26
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	34.83	122.95	82.66
Net Worth	N/A	643.77	631.91
Total Assets	1443.34	1281.21	1105.56
Reserves & Surplus	639.03	604.34	591.73
Borrowings	268.03	231.82	119.78
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoNW

19.10%

Debt/Equity

0.49

Issue Structure & Shareholding

Total Shares Offered2,95,71,390 (100.00%)

Net Offer to PublicN/A

Reserved for Market MakerN/A

Pre-Issue Promoter HoldingN/A

Post-Issue Promoter Holding19,71,42,600 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / Equity0.49

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270

askauto.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

Check Allotment

Book Running Lead Managers

JM Financial Ltd.

Axis Capital Ltd.

ICICI Securities Ltd.

IIFL Capital Services Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much ASK Automotive Ltd. IPO subscribed? ▲

ASK Automotive Ltd. IPO is subscribed 1.00 times by Nov 09, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is ASK Automotive Ltd. IPO retail subscription status? ▼

The ASK Automotive Ltd. IPO retail category is subscribed 1.00 times as of 09 Nov 2023. The retail portion is oversubscribed.

How to subscribe ASK Automotive Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 07 Nov 2023 and closes 09 Nov 2023. Min investment: ₹14,946 (1 lot = 53 shares). UPI mandate: 2023-11-09.

How many times ASK Automotive Ltd. IPO subscribed? ▼

The ASK Automotive Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check ASK Automotive Ltd. IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 10 Nov 2023. Refunds: on 10 Nov 2023.

When ASK Automotive Ltd. IPO will be listed? ▼

The ASK Automotive Ltd. IPO listing date is 15 Nov 2023, Wednesday. Listed on: NSE & BSE. Issue price: ₹282. Estimated listing: ₹282. GMP: NIL.

When ASK Automotive Ltd. IPO close? ▼

The ASK Automotive Ltd. IPO closes on 09 Nov 2023, Thursday. UPI mandate: 2023-11-09. Allotment: 10 Nov 2023. Listing: 15 Nov 2023.

Quick Actions

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Live Price LIVE

Last Price₹282.00

Change—

Issue Price₹282.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹282

Face Value₹2

Lot Size53 Sh

Min. Amount₹14,946

GMPNIL

Est. Listing₹282

Subscribed1.00x

Open Date07 Nov 2023

Close Date09 Nov 2023

Allotment10 Nov 2023

Listing Date15 Nov 2023

ExchangeNSE & BSE

UPI Deadline2023-11-09