| Company Name | ASK Automotive Limited |
| Open Date | 07-11-2023 |
| Close Date | 09-11-2023 |
| Exchange | BSE, NSE |
| Lot Size | 53 Shares |
| Issue Price | ₹ 268 to ₹ 282 per share |
| Issue Size | 2,95,71,390 shares |
| Application Amount | Min. Inv. - Rs. 14,946 (53 shares) Max. Inv. - Rs. 1,94,298 (689 shares) |
| Recommendation | Apply |
ASK Automotive Limited was originally incorporated in the year 1988 and has its registered office in New Delhi. The company is the largest manufacturer of brake-shoe and advanced braking (“AB”) systems for two-wheelers (“2W”) in India. The Company also increasingly caters to customers overseas, both in the automotive and non-automotive sectors through the export of AB systems and ALP solutions. The company operates 15 manufacturing facilities across five states in India. As of 30th June 2023, the Company had 6,540 employees on its payroll.
| For the Period Ended | Mar-22 | Mar-23 | Jun-23 |
| Total Assets | 1,10,556 | 1,28,120 | 1,44,333 |
| Net Assets | 63,190 | 64,377 | 67,846 |
| Total Borrowings | 15,979 | 31,801 | 38,683 |
| Total Revenue | 2,02,426 | 2,56,627 | 65,754 |
| Profit After Tax | 8,265 | 12,295 | 3,482 |
| Opening Date | 07/11/2023 |
| Closing Date | 09-11-2023 |
| Basis of Allotment | 15-11-2023 |
| Initiation of Refunds | 16-11-2023 |
| Credit of Shares to Demat | 17-11-2023 |
| Listing Date | 20-11-2023 |
| The company will not receive any proceeds from the offer for sale. |
| Registered Office | ASK Automotive Limited Flat No. 104, 929/1, Naiwala,Faiz Road Karol Bagh,New Delhi 110 005 |
| Phone | +91 124 4396907 |
| compliance@askbrake.com | |
| Website | https://askbrake.com/ |
| ASK Automotive IPO DRHP |
| ASK Automotive IPO RHP |
| Name | Link Intime India Private Ltd |
| Phone | +91-22-4918 6270 |
| askauto.ipo@linkintime.co.in | |
| Website | https://linkintime.co.in/mipo/ipoallotment.html |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 86.96% |