{"id":4747,"date":"2023-11-08T14:31:11","date_gmt":"2023-11-08T09:01:11","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=4747"},"modified":"2024-08-31T16:25:40","modified_gmt":"2024-08-31T10:55:40","slug":"ipo-ask-automotive-limited","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/ipo-ask-automotive-limited\/","title":{"rendered":"IPO : ASK Automotive Limited"},"content":{"rendered":"

ASK Automotive Limited IPO<\/h1>\n

ASK Automotive Limited<\/strong>\u00a0is a Public Listed Indian auto ancillary major, having pioneered in providing Advanced Braking (AB) Systems and Solutions for the country\u2019s automobile market. Founded in 1988 by the first-generation entrepreneur and visionary Mr. Kuldip Singh Rathee,\u00a0ASK Automotive<\/strong>\u00a0is today India\u2019s Largest Manufacturer of 2W Advanced Braking Systems, commanding an ~ 50% share of the Indian two-wheeler market for Advanced Braking Systems including, brake shoes, disc brake pads and brake panel assemblies.<\/p>\n

The Company is also among the leading manufacturers of Aluminium Lightweighting Precision Solutions (die-casting to critical machining, paint shop, and critical assemblies) for automotive and non-automotive applications and has successfully achieved a unique positioning across Automobile OEMs with powertrain agnostics products focussing on EV domain.<\/p>\n\n\n\n\n\n\n\n\n\n
\u00a0SYMBOL<\/strong><\/td>\nASKAUTO<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE TYPE<\/strong><\/td>\nBook Built Issue IPO<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE OPENS ON<\/strong><\/td>\nNovember 7, 2023 (Tuesday)<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE CLOSES ON<\/strong><\/td>\nNovember 9, 2023 (Thursday)<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE PRICE<\/strong><\/td>\nRs.268 Rs.282 per share<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE SIZE<\/strong><\/td>\nUp to Rs.834.00 Crores<\/strong><\/td>\n<\/tr>\n
\u00a0FACE VALUE<\/strong><\/td>\nRs.2 per share<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

ASK Automotive IPO is a book built issue of Rs 834.00 crores. The issue is entirely an offer for sale of 2.96 crore shares.<\/p>\n

ASK Automotive IPO bidding opened for subscription on November 7, 2023 and will close on November 9, 2023.<\/p>\n\n\n\n\n\n\n\n
\u00a0MINIMUM BID<\/strong><\/td>\n53 shares<\/strong><\/td>\n<\/tr>\n
\u00a0MINIMUM AMOUNT\u00a0<\/strong><\/td>\nRs.14,946<\/strong><\/td>\n<\/tr>\n
\u00a0MAXIMUM BID<\/strong><\/td>\n689 shares<\/strong><\/td>\n<\/tr>\n
\u00a0MAXIMUM AMOUNT\u00a0<\/strong><\/td>\nRs.1,94,298<\/strong><\/td>\n<\/tr>\n
\u00a0LISTING AT<\/strong><\/td>\nBSE-NSE<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

ASK Automotive IPO price band is set at \u20b9268 to \u20b9282 per share. The minimum lot size for an application is 53 Shares. The minimum amount of investment required by retail investors is \u20b914,946. The minimum lot size investment for sNII is 14 lots (742 shares), amounting to \u20b9209,244, and for bNII, it is 67 lots (3,551 shares), amounting to \u20b91,001,382.<\/p>\n

Objects of the Issue (ASK Automotive IPO Objectives)<\/h2>\n
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.<\/div>\n
<\/div>\n
SMART IPO using UPI, you can now apply online<\/strong><\/div>\n
\n

For Existing Clients :\u00a0https:\/\/gudwil.in\/IPO
\n<\/a>Open an account : \u00a0https:\/\/gudwil.in\/smart<\/a><\/strong>Further any clarification, feel free to contact your Branch \/ Relationship Manager.For all your investment needs feel free to reach us. Give us a missed call at 90037 90027. For Support: 044-40329999Warm Regards,
\nTeam GoodwillDISCLAIMER :<\/strong>\u00a0Investments in the securities market are subject to market risk. Read all the related documents carefully before investing. The data and information herein provided are believed to be reliable, but Goodwill Wealth Management Pvt. Ltd., does not warrant its accuracy or completeness. Goodwill Wealth Management Pvt. Ltd., or any of its employees are not liable for any action taken by any party based on the above information. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Special note: Short-term trading on the basis of technical is high risk and skill-oriented venture and may result in huge losses also. Traders doing so are doing at their own risk. We are not responsible for any damages. Note: The material is being provided to you for educational purposes only and does not constitute investment advice; returns mentioned herein are in no way a guarantee or promise of future returns. See Disclaimer, Privacy Policy @\u00a0https:\/\/www.gwcindia.in\/Disclaimer<\/a><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

ASK Automotive Limited IPO ASK Automotive Limited\u00a0is a Public Listed Indian auto ancillary major, having pioneered in providing Advanced Braking (AB) Systems and Solutions for the country\u2019s automobile market. Founded in 1988 by the first-generation entrepreneur and visionary Mr. Kuldip Singh Rathee,\u00a0ASK Automotive\u00a0is today India\u2019s Largest Manufacturer of 2W Advanced Braking Systems, commanding an ~ […]<\/p>\n","protected":false},"author":6,"featured_media":4755,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"image","meta":{"_acf_changed":false,"footnotes":""},"categories":[117],"tags":[],"class_list":["post-4747","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-ipo","post_format-post-format-image"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/4747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/comments?post=4747"}],"version-history":[{"count":4,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/4747\/revisions"}],"predecessor-version":[{"id":8890,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/4747\/revisions\/8890"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/media\/4755"}],"wp:attachment":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/media?parent=4747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=4747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=4747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}