ASK Automotive IPO Details ( ASK Automotive Limited IPO Review )
(7 Nov 2023 – 9 Nov 2023)
ASK Automotive Limited, founded in 1988, is an Indian manufacturer specializing in advanced braking systems for motorcycles.
Their product line includes AB systems, lightweight aluminum precision (ALP), wheel assemblies for 2W OEMs, and safety control cables (SCC). ASK Automotive operates both within India and internationally.
As of June 2023, the company boasts 15 manufacturing units spread across five Indian states. They supply their products to Original Equipment Manufacturers such as HMSI, HMCL, Suzuki, TVS, Yamaha, Bajaj, Royal Enfield, Denso, Magneti Marelli, and others. Additionally, they serve the independent aftermarket and export markets through various manufacturing facilities in different parts of the country.
It’s worth noting that ASK Automotive’s manufacturing facilities hold prestigious certifications for quality and safety, including IATF 16949:2016, ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018.
ASK Automotive Limited Company Product
- Advanced Braking Systems (AB systems)
- Lightweight precision aluminum parts (ALP)
- Wheel assemblies for two-wheeler original equipment manufacturers (OEMs)
- Safety control cables (SCC)
ASK Automotive Limited IPO Competitive Strength
- Well established manufacturer of safety systems and critical engineering solutions for some of India’s largest original equipment manufacturers (“OEMs”)
- Robust production model driven by research and development (“R&D”) and design with an emphasis on: (i) advanced material knowledge to customize systems and products based on customer specifications and (ii) engineering lighter precision products
- Technology and innovation-driven manufacturing process, with an extensive suite of systems and solutions for EV and ICE sectors
- Long-standing customer relationships with both Indian and global OEM players
- Financial and return metrics demonstrating growth and efficient use of capital
- Professional management and board
ASK Automotive IPO Financials Performance ( Results )
ASK Automotive Limited Financial Information (Restated Consolidated)
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 948.25 | 1,567.77 | 106.20 | 5.22 | 622.23 | 581.54 | 54.02 |
| 31-Mar-22 | 1,105.56 | 2,024.26 | 82.66 | 4.09 | 631.91 | 591.73 | 119.78 |
| 31-Mar-23 | 1,281.21 | 2,566.28 | 122.95 | 6.18 | 643.77 | 604.34 | 231.82 |
| 30-Jun-23 | 1,443.34 | 657.55 | 34.83 | 1.77 | 639.03 | 268.03 |
Objective of ASK Automotive IPO 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 IPO Basic Details
| IPO Date | Nov 7, 2023 to Nov 9, 2023 |
| Listing Date | Monday, November 20, 2023 |
| Face Value | ₹2 per share |
| Price | ₹268 to ₹282 per share |
| Lot Size | 53 Shares |
| Issue Size | 29,571,390 shares of ₹10 (aggregating up to ₹834.00 Cr) |
| Offer for Sale | 29,571,390 shares of ₹10 (aggregating up to ₹834.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share holding pre issue | 197,142,600 |
| Share holding post issue | 197,142,600 |
| Company Promoters | Kuldip Singh Rathee and Vijay Rathee |
ASK Automotive IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
ASK Automotive IPO Timetable
ASK Automotive IPO will open on November 7, 2023 and close on November 9, 2023. You can join ASK Automotive IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 7 November 2023 (Tuesday) |
| Closing Date | 9 November 2023 (Thursday) |
| Basis of Allotment | 15 November 2023 (Wednesday) |
| Initiation of Refunds | 16 November 2023 (Thursday) |
| Credit of Shares to Demat | 17 November 2023 (Friday) |
| Listing Date | 20 November 2023 (Monday) |
| Deadline for UPI mandate confirmation | 5 PM on 9 November 2023 |
ASK Automotive IPO Lot Size
For retail investors in ASK Automotive IPO, 53 shares will come in 1 lot or the minimum investment will be ₹14,946. Retail-individual investors can apply for up to 13 lots or the maximum investment will be ₹194,298.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 53 | ₹14,946 |
| Retail (Max) | 13 | 689 | ₹194,298 |
| S-HNI (Min) | 14 | 742 | ₹209,244 |
| S-HNI (Max) | 66 | 3,498 | ₹986,436 |
| B-HNI (Min) | 67 | 3,551 | ₹1,001,382 |
ASK Automotive IPO Promoter Holding
The company’s promoters include Kuldip Singh Rathee and Vijay Rathee.
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
ASK Automotive Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 5559 |
| Earning Per Share (EPS) | ₹6.18 per Equity Share |
| Net Asset Value (NAV) | ₹32.66 per Equity Share |
| Post P/E Ratio (P/E) (x) | 45.63 |
| Return on Net Worth (RoNW) (%) | 19.10 |
| Return on equity (ROE) (%) | Coming Soon |
| Return on Capital Employed (ROCE) (%) | Coming Soon |
| Debt/Equity Ratio | 0.49 |
ASK Automotive Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| ASK Automotive Limited | Consolidated | 2 | 6.18 | 45.63 | 19.10 | 32.66 |
| Peer Group | ||||||
| Endurance Technologies Limited | Consolidated | 10 | 34.09 | 46.36 | 10.87 | 313.67 |
| Uno Minda Limited | Consolidated | 2 | 11.37 | 52.59 | 15.73 | 72.53 |
| Suprajit Engineering Limited | Consolidated | 1 | 10.98 | 35.49 | 12.42 | 88.48 |
| Bharat Forge Limited | Consolidated | 2 | 11.35 | 98.86 | 7.88 | 144.02 |
ASK Automotive IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹36 | – | – |
| 5 November 2023 | ₹36 | – | – |
ASK Automotive IPO Detail Video:
ASK Automotive IPO Subscription Status (Bidding Detail)
The ASK Automotive IPO on November 9, 2023 at 7:00:00 PM was subscribed 51.14 times, with the retail category being subscribed 5.70 times, the NII (Non-Institutional Investor) category being subscribed 35.47 times, QIB (Qualified-Institutional Buyers) category being subscribed 142.41 times.
| Category | Subscription |
| QIB | 142.41x |
| NII | 35.47x |
| Retail | 5.70x |
| Total | 51.14x |
ASK Automotive IPO Prospectus
| ASK Automotive IPO DRHP | Download |
| ASK Automotive IPO RHP | Download |
| ASK Automotive IPO Anchor Investors Details PDF | Download |
ASK Automotive IPO Rating
| Our Rating | 3.5/5.0 |
ASK Automotive Company Contact Information
ASK Automotive Limited
Registered Office: Flat No. 104, 929/1, Naiwala, Faiz Road, Karol Bagh,
New Delhi 110 005, Delhi, India
Corporate Office: Plot No. 13, 14, Sector 5, IMT Manesar,
Gurugram 122 050, Haryana, India
Contact Person: Rajani Sharma, Vice President (Legal), Company Secretary and Compliance Officer
Tel: +91 124 439 6907
E-mail: compliance@askbrake.com
Website: www.askbrake.com
Corporate Identity Number: U34300DL1988PLC030342
Our Promoters: Kuldip Singh Rathee and Vijay Rathee
ASK Automotive IPO Registrar
Link Intime India Private Limited
Registered Office: C-101, 1st Floor, 247 Park L.B.S. Marg, Vikhroli West
Mumbai 400 083, Maharashtra, India
Tel: +91 810 811 4949
E-mail: askauto.ipo@linkintime.co.in
Investor Grievance E-mail: askauto.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
Website: www.linkintime.co.in
SEBI Registration No: INR000004058
ASK Automotive IPO Lead Manager
JM Financial Limited
Registered Office: 7th Floor, Cnergy Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra, India
Tel.: +91 22 6630 3030
E-mail: askauto.ipo@jmfl.com
Investor grievance E-mail: grievance.ibd@jmfl.com
Contact person: Prachee Dhuri
Website: www.jmfl.com
SEBI Registration: INM000010361
Axis Capital Limited
Registered Office: 1st Floor, Axis House, C-2 Wadia International Centre
Pandurang Budhkar Marg, Worli, Mumbai 400 025, Maharashtra, India
Tel: + 91 22 4325 2183
E-mail: askauto.ipo@axiscap.in
Investor Grievance E-mail: complaints@axiscap.in
Contact Person: Simran Gadh/Pavan Naik
Website: www.axiscapital.co.in
SEBI Registration: INM000012029
ICICI Securities Limited
Registered Office: ICICI Venture House, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra, India
Tel.: +91 22 6807 7100
E-mail: askauto.ipo@icicisecurities.com
Investor grievance e-mail: customercare@icicisecurities.com
Contact person: Ashik Joisar/Harsh Thakkar
Website: www.icicisecurities.com
SEBI Registration: INM000011179
IIFL Securities Limited
Registered Office: 24th Floor, One Lodha Place, Senapati Bapat Marg,
Lower Parel (West), Mumbai 400 013, Maharashtra, India
Tel: +91 22 4646 4728
E-mail: askauto.ipo@iiflcap.com
Investor grievance E-mail: ig.ib@iiflcap.com
Contact person: Pawan Jain/Pinkesh Soni
Website: www.iiflcap.com
SEBI Registration: INM000010940
ASK Automotive IPO FAQs
What is the lot size of ASK Automotive IPO?
The total size of ASK Automotive IPO is ₹834.00 crores and this is a complete offer for sale (OFS) Issue.
When will ASK Automotive IPO start?
ASK Automotive IPO will open from 7 November 2023 and IPO will close on 9 November 2023.
What is the open date of ASK Automotive IPO?
ASK Automotive IPO will open date from 7 November 2023.
What is the last date ( close date ) of ASK Automotive IPO?
ASK Automotive IPO will close from 9 November 2023.
What is the price band of ASK Automotive IPO?
ASK Automotive IPO price band is ₹268 to ₹282. ( Upper Price Band: ₹282, Lower Price Band: ₹268 )
What is the minimum amount required to apply for ASK Automotive IPO?
The minimum investment for retailers to apply for ASK Automotive IPO is ₹14,946 and the maximum investment is ₹194,298.
What is going on gray market premium of ASK Automotive IPO?
View gray market premium of ASK Automotive IPO by Clicking Here
How much is the GMP of ASK Automotive IPO?
Watch ASK Automotive IPO GMP Today: Click Here
What is the allotment date of ASK Automotive IPO?
The allotment date of ASK Automotive IPO is 15 November 2023.
How to check allotment status in ASK Automotive IPO?
To check the allotment status of ASK Automotive IPO, first of all go to the registrar website by clicking here, select your bad ASK Automotive IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of ASK Automotive IPO?
The listing date of ASK Automotive IPO is 20 November 2023.
How much will be the listing gain in ASK Automotive IPO?
View listing gain of ASK Automotive IPO by Clicking Here
How much time ASK Automotive IPO is subscribed?
Total 51.14 times subscribed in ASK Automotive IPO out of which 5.70 times subscription was done in retail quota, 35.47 times subscription in NII quota and 142.41 times subscription in QIB quota.
How to apply for ASK Automotive IPO from Upstox?
Click Here to see how to apply for ASK Automotive IPO from Upstox. (step by step)
How to apply for ASK Automotive PO from Zerodha?
Click Here to see how to apply for ASK Automotive IPO from Zerodha. (step by step)
How to apply for ASK Automotive IPO from Angle One?
Click Here to see how to apply for ASK Automotive IPO from Angle One. (step by step)
