The largest manufacturer of brake-shoe and advanced braking company ASK Automotive IPO will be hit the market 07 November 2023 and closes on 09 November 2023. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹834.00 crore through IPO. The company will issue shares through offer for sale of ₹834 crores 29,571,390 shares.
The company has reserved 50% for QIB, 15% for NII and 35% for Retail Investor in this IPO.
ASK Automotive Limited is a largest manufacturer of brake-shoe and advanced braking (“AB”) systems for two-wheelers (“2W”) in India. The company has been supplying safety systems and critical engineering solutions for more than three decades with in-house designing, developing and manufacturing capabilities.
The company offerings are powertrain agnostic, catering to electric vehicle (“EV”) as well as internal combustion engine (“ICE”) OEMs. The company brand “ASK” is recognized as the leading brand in the 2W IAM in terms of production volume for Fiscal 2023 in India. You can check ASK Automotive IPO GMP here.
| Read also: Upcoming IPO List 2023 |
The company manufacturing brake shoe products for 2Ws and have since diversified our operations to include offerings such as: (i) AB systems; (ii) aluminum lightweight Ing precision (“ALP”) solutions. The company is a prominent player for 2W OEMs in India with a market share of 9% in Fiscal 2023 in terms of production volume. You can check ASK Automotive IPO subscription status here.
The company commenced commercial supplies to 2W EV OEMs in India, including TVS Motor Company Limited (“TVS”), Ather Energy Private Limited (“Ather”), Hero MotoCorp Limited (“Hero MotoCorp”), Greaves Electric Mobility Private Limited (“Greaves”), Bajaj Auto Limited (“Bajaj”) and Revolt Intellicorp Private Limited (“Revolt”). The company has long-standing relationships with all six of our top 2W OEM customers ranging from 16 years to 30 years.
The company recently commenced commercial manufacturing operations at our 16th manufacturing facility in Bhiwandi (Rajasthan) in July 2023. The company have also been allotted land in Kolar, Karnataka from the relevant regulatory authority, on which we propose to develop a manufacturing facility. the company Joint Venture operates one manufacturing facility in Gurugram, Haryana
Object 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.
Company Strengths :
- 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.
- Technology and innovation-driven manufacturing process, with an extensive suite of systems and solutions for electric vehicle (“EV”) as well as internal combustion engine (“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 Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹122.95 Cr ₹282 EQ 6.18 45.63x 19.27 % 19.10 % 22.06 % 0.49 ₹32.66 ₹1443.34 Cr ₹5559.42 Cr 100.00 % 93.33 % |
| Team Review : | ✔ Apply For Long Term |
ASK Automotive IPO Date & Price Band & Details :
| Issue Type : | Book Built Issue |
| IPO Open : | 07 November 2023 |
| IPO Close : | 09 November 2023 |
| Face Value : | ₹2 Equity Share |
| Price Band : | ₹268 – ₹282 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹834.00 Cr Approx. {29,571,390 Shares} |
| Offer For Sale : | ₹834.00 Cr Approx. {29,571,390 Shares} |
ASK Automotive IPO Market Lot :
ASK Automotive IPO Minimum Market lot is 1 Lot with 53 shares with ₹14,946 Application amount. The retail investors can apply up to 13 lots with 689 Shares or ₹194298 amounts.
| Application | Lot | Shares | Amount |
| Retail Minimum : | 1 | 53 | ₹14,946 |
| Retail Maximum : | 13 | 689 | ₹194,298 |
| S-HNI Minimum : | 14 | 742 | ₹209,244 |
| S-HNI Maximum : | 66 | 3498 | ₹986,436 |
| B- HNI Minimum : | 67 | 3551 | ₹1,001,382 |
ASK Automotive IPO Reservation :
ASK Automotive IPO Total Reservation of 29,571,390 shares are to be bid for the public issue by ASK Automotive IPO with 14,785,695 for QIB and 4,435,709 for NII 10,349,987 For RII.
| Category | Reservation | Shares | Amount |
| QIB : | 50% | 14,785,695 | ₹416.96 Cr |
| NII : | 15% | 4,435,709 | ₹125.09 Cr |
| RII : | 35% | 10,349,987 | ₹291.87 Cr |
| Total : | 100% | 29,571,390 | ₹833.92 Cr |
ASK Automotive IPO EPS & RoNW :
The ASK Automotive company’s EPS & RoNW growth is an Increasing last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 | ₹6.18 | 19.10% | ₹32.66 |
| 2022 | ₹4.09 | 13.08% | ₹31.46 |
| 2021 | ₹5.22 | 17.07% | ₹30.58 |
ASK Automotive IPO Peer Comparison PE :
The ASK Automotive, According to RHP of the company few company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | Endurance Technologies Limited | 46.36 |
| 2. | Uno Minda Limited | 52.59 |
| 3. | Suprajit Engineering Limited | 35.49 |
| 4. | Bharat Forge Limited | 98.86 |
ASK Automotive IPO Dates :
ASK Automotive IPO Date is 07 November 2023 and closes on 09 November 2023. The allotment will be finalized on 15 November 2023 and the IPO may list on 20 November 2023.
| Anchor Date : | 06 November 2023 |
| Open Date : | 07 November 2023 |
| Close Date : | 09 November 2023 |
| Allotment Date : | 15 November 2023 |
| Refund Date : | 17 November 2023 |
| Share Credit Date : | 19 November 2023 |
| Listing Date : | 20 November 2023 |
ASK Automotive IPO Form :
There are two ways to apply in ASK Automotive IPO. You can apply for ASK Automotive IPO through ASBA available in your bank account. You have to go to your online bank login and select ASK Automotive IPO in the Invest section and apply through your bank account. Another option is you can apply for ASK Automotive IPO through IPO form download through NSE and BSE. See the ASK Automotive IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
ASK Automotive Company Financial Report (Crore) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹2,566.28 | ₹2,390.63 | ₹122.95 |
| 2022 | ₹2,024.26 | ₹1,905.99 | ₹82.66 |
| 2021 | ₹1,567.77 | ₹1,420.40 | ₹106.20 |
Company Promoters :
■ Kuldip Singh Rathee
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
ASK Automotive IPO Lead Managers :
■ Axis Capital Limited
■ ICICI Securities Limited
■ JM Financial Limited
■ IIFL Securities Limited
ASK Automotive IPO Registrar :
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai 400 083
Maharashtra, India
Tel: +91 810 811 4949
E-mail: [email protected]
Investor Grievance E-mail: [email protected]
Website: www.linkintime.co.in
Note: Check ASK Automotive IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
ASK Automotive Limited
Flat No. 104, 929/1,
Naiwala,Faiz Road
Karol Bagh,New Delhi 110 005
Phone: +91 124 4396907
Email: [email protected]
Website: https://askbrake.com/
ASK Automotive IPO FAQs :
What is ASK Automotive IPO?
ASK Automotive IPO is Mainboard IPO. They are going to raise ₹834.00 Crores via IPO. The issue is priced at ₹268-₹282 per equity share. The IPO is to be listed on NSE, BSE.
When ASK Automotive IPO will open?
The IPO is to open on 07 Nov – 09 Nov for QIB, NII & RII.
What is ASK Automotive IPO Size?
ASK Automotive IPO size is ₹834.00 Crores.
What is the Offer For Sale size of ASK Automotive IPO?
The Offer For Sale size of ASK Automotive IPO ₹834.00 Cr.
What is ASK Automotive IPO Price Band?
ASK Automotive IPO Price Band is ₹262-₹282 Per share.
What is ASK Automotive IPO Minimum and Maximum Lot Size?
The minimum 53 Shares with ₹14,946 amount while the maximum 689 shares with ₹194,298.
What is ASK Automotive IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, RII 35%.
What is ASK Automotive IPO Allotment Date?
ASK Automotive IPO allotment date is 15 November 2023.
What is ASK Automotive IPO Listing Date?
ASK Automotive IPO listing date is 20 November 2023. The IPO to list on NSE, BSE.
How to Apply the ASK Automotive IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “ASK Automotive IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the ASK Automotive IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “ASK Automotive IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the ASK Automotive IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “ASK Automotive IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the ASK Automotive IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “ASK Automotive IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| ASK Automotive IPO GMP: Click Here ASK Automotive IPO Subscription: Click Here ASK Automotive IPO Allotment: Click Here ASK Automotive IPO Listing: Click Here ASK Automotive IPO Web Story: Click Here |
All ASK Automotive IPO-related links are available here. If you want to know the details then click on Click Here Link.
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