ASK Automotive Limited

Company Profile
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.

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Summary of Financials (All financials in Lakh)

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

Tentative Timeline

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

Objects of the Issue

The company will not receive any proceeds from the offer for sale.

Contact Information

Registered Office ASK Automotive Limited Flat No. 104, 929/1, Naiwala,Faiz Road Karol Bagh,New Delhi 110 005
Phone +91 124 4396907

Registrar Details

Name Link Intime India Private Ltd
Phone +91-22-4918 6270

IPO Reservation

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

Shareholding Pattern

Share Holding Pre Issue 100.00%
Share Holding Post Issue 86.96%

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