ASK Automotive IPO: Key Details
Basic information about the company:
Incorporated in 1988, ASK Automotive Limited has been an eminent player in the Indian automotive industry, specializing in the manufacturing of Advanced Braking Systems for two-wheelers. With a rich legacy spanning over three decades, ASK Automotive Limited has continually evolved, setting new benchmarks and achieving excellence in the realm of braking systems. In this comprehensive article, we delve into the various facets of this company and the upcoming ASK Automotive IPO, providing you with a detailed insight into the company's journey and prospects.
Product Range and Operations
ASK Automotive Limited boasts a diverse product portfolio that plays a pivotal role in enhancing the safety and performance of two-wheelers. Their offerings encompass:
AB Systems: ASK Automotive Limited is renowned for its cutting-edge Advanced Braking Systems, which have become a cornerstone of safety and reliability for two-wheelers.
Aluminium Lightweight Precision (ALP): The company takes pride in its innovative ALP products, known for their precision engineering and lightweight characteristics, contributing to improved fuel efficiency and overall vehicle performance.
Wheel Assembly to 2W OEMs: ASK Automotive Limited provides high-quality wheel assembly solutions to leading Two-Wheeler Original Equipment Manufacturers (OEMs), ensuring that the wheels are in perfect harmony with the vehicles they are fitted on.
Safety Control Cables (SCC): Safety control cables from ASK Automotive Limited are a testament to their commitment to safety. These cables are vital in ensuring that critical vehicle functions are controlled effectively.
The company's operations extend not only across India but also encompass a global footprint. This international presence underscores their commitment to delivering excellence on a global scale.
Objects of the ASK Automotive IPO
The IPO's primary objective is to provide an avenue for the Selling Shareholders to realize the value of their investments. It's essential to note that the company will not receive any proceeds from the IPO; instead, all the Offer Proceeds will be received by the Selling Shareholders in proportion to the Offered Shares sold by each respective Selling Shareholder as part of the Offer.
ASK Automotive IPO: Key IPO Details
IPO Dates: 7 to 9 Nov 2023
Price Band: ₹268 to ₹282 per share
Lot Size: 53 Shares
Total Issue Size: 834 Crs
Retail Quota: 35%
Allotment Date: 10 Nov 2023
Listing Date: 14th Nov 2023
IPO Gmp: +12% (Only for information)
Link for checking Allotment status:
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FAQs related to the ASK Automotive IPO: 1. What is the IPO date for ASK Automotive Limited?
A: The ASK Automotive IPO is scheduled to take place from 7th to 9th November 2023.
2. What is the price range for ASK Automotive IPO shares?
The price band for ASK Automotive IPO shares is set between ₹268 to ₹282 per share.
3. How many shares are there in one lot for the ASK Automotive IPO?
Each lot in the ASK Automotive IPO consists of 53 shares, providing a balanced opportunity for investors.
4. What is the total issue size of the ASK Automotive IPO?
The total issue size for the ASK Automotive IPO is 834 Crores, reflecting the company's substantial market presence.
5. When will the shares be allotted for the ASK Automotive IPO?
The allotment date for the ASK Automotive IPO is scheduled for 10th and 11th November 2023.
6. When will the ASK Automotive IPO shares be listed on the stock exchange?
The shares from the ASK Automotive IPO are set to be listed on the stock exchange on the 14th of November 2023.
7. What is the Grey Market Premium (GMP) for ASK Automotive IPO shares?
As of now, the Grey Market Premium (GMP) stands at a promising +12%, but please note that this figure is for informational purposes only and may change.
DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor before making any actual investment decisions, based on the information published here. Any reader taking decisions based on any information published here does so entirely at their own risk. Investors should bear in mind that any investment in the stock market is subject to unpredictable market-related risks. The author has no plans to invest in this offer and also the author does not recommend investing in any offer published on this website.