Business Standard

ASK Automotive Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

833.91 cr

Price Range (₹)

282

Lot Size

53

Min Investment (₹)

14,946.00

Listing Exchange

MumbaiNSE

Open Date

07-Nov-2023

Close Date

09-Nov-2023

Listing Date

15-Nov-2023

ASK Automotive Ltd News

    The Shares of ASK Automotive Ltd have now been listed.

    ASK Automotive Ltd IPO Details

    Initial public offering of 29,571,390* equity shares of face value of Rs. 2 each (Equity Shares) of ASK Automotive Limited (The Company or the Issuer) for cash at a price of Rs. 282 per equity share of face value of Rs. 2 (Offer Price) aggregating to Rs. 833.91 crores, comprising an offer for sale of 20,699,973* equity shares of face value of Rs. 2 aggregating to Rs. 583.74 crores by Kuldip Singh Rathee and 8,871,417* equity shares of face value of Rs. 2 aggregating to Rs. 250.17 crores by Vijay Rathee (Promoter Selling Shareholders) (the Offer for Sale or the Offer). The offer shall constitute 15.00% of the post-offer paid-up equity share capital of the company. The face value of the equity share is Rs. 2 each. The offer price is 141 times the face value of the equity shares.*Subject to finalization of basis of allotment.

    Objective of issue

    Listing the Equity Shares on the Stock Exchanges.

    ASK Automotive Ltd Contact Details

    ASK Automotive Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - compliance@askbrake.com

    Website - www.askbrake.com