ASK Automotive Limited is an Indian company that manufactures auto parts. They specialize in braking systems for two-wheelers.
Products
Advance Braking Systems (AB systems):
Aluminum lightweight precision (ALP):
Wheel assembly to 2W OEMs
Safety control cables (SCC):
Brake shoe and lining
Assemblies
Clutch plates
Aluminum die casting
Control cables
Other information
Incorporated in 1988
Operating revenues over INR 500 cr for the financial year ending on 31 March, 2022
Authorized share capital of INR 45.00 cr
Total paid-up capital of INR 40.18 cr
Chairman and Managing Director is Kuldip Singh Rathee
Serves customers in India
ASK Automotive Limited Timeline
| Particular | Date |
| IPO Open Date | 07 Nov 2023 |
| IPO Close Date | 09 Nov 2023 |
| Allotment Date | 15 Nov 2023 |
| IPO Listing Date | 20 Nov 2023 |
ASK Automotive Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 2 Per Equity Share |
| IPO Price | Rs. 268 to Rs.282 Per Equity Share |
| Market Lot | 53 Share |
| ISIN Code | |
| Listing At | NSE &ANDBSE |
| Issue Size | Approx. Rs. 834 Crore. |
ASK Automotive Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 53 | Rs. 14946 |
| Maximum | 13 | 689 | Rs. 194298 |
| Small HNI (Minimum) | 14 | 742 | Rs. 209244 |
| Big HNI (Minimum) | 67 | 3551 | Rs. 1001382 |
ASK Automotive Limited IPO Details Allotment Status
Company Financials:
| Particular | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Total Assets | 1281.21 | 1105.56 | 948.25 |
| Total Revenue | 2566.28 | 2024.26 | 1567.77 |
| Profit After Tax | 122.95 | 82.66 | 106.20 |
Company Promoters:
The promoters of the company are Kuldip Singh Rathee and Vijay Rathee.
Purpose 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, in proportion to the Offered Shares sold by the respective Selling Shareholders as part of the Offer.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| ASK Automotive Limited Flat No. 104, 929/1, Naiwala,Faiz Road Karol Bagh,New Delhi 110 005 Phone: +91 124 4396907 Email: compliance@askbrake.com Website: https://askbrake.com/ | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: esaf.ipo@damcapital.in Website: https://linkintime.co.in/mipo/ipoallotment.html |
