Open Date
07 Nov 2023
09 Nov 2023
53 shares
₹834.00 Cr
Lot Size
IPO Size
Listing At
BSE, NSE
Listing Date
Price Range
₹268 to ₹282
Close Date
Allotment Date
15 Nov 2023
20 Nov 2023
Established in 1988, ASK Automotive Limited is an auto ancillary company. It produces Advance Braking Systems (AB) used in different types of vehicles. The company has an impressive market share of about 50% for FY2023 in terms of production volume, serving both original equipment manufacturers ("OEMs") and the branded independent aftermarket ("IAM"). ASK Automotive is renowned for being the leading 2-wheeler branded independent aftermarket (IAM) with respect to production volume as of FY2023 in India.
The company will not receive any proceeds. The entire Offer Proceeds will be received by the Selling Shareholders.
The book-running lead managers to the offer are: JM Financial Limited Axis Capital Limited ICICI Securities Limited IIFL Securities Limited
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