What is the issue size of ASK Automotive IPO?

The issue size of the ASK Automotive IPO is Rs 834 crore.

What is 'pre-apply' for ASK Automotive IPO?

Pre-apply will alow you to apply for the ASK Automotive IPO 2 days before the subscription period starts.

If I pre-apply for ASK Automotive IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the ASK Automotive IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my ASK Automotive IPO order is placed?

We will notify you when your ASK Automotive IPO order is placed with the exchange.

What are the open and close dates of the for ASK Automotive IPO?

ASK Automotive IPO will be open between 7 Nov - 9 Nov, 2023.

What is the lot size and minimum order quantity of the ASK Automotive IPO?

ASK Automotive Limited IPO lot size is 53 shares.

What are the allotment dates for the ASK Automotive IPO?

ASK Automotive IPO allotment date is 15 Nov, 2023. For ASK Automotive IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of ASK Automotive IPO?

ASK Automotive IPO registrar is Link Intime India Private Ltd. You can check ASK Automotive IPO allotment status on the website of the registrar.

Where is the ASK Automotive IPO getting listed?

The shares are proposed to be listed on BSE and NSE.

ASK Automotive IPO

ASK Automotive Limited

₹14,204 /53 sharesMinimum Investment

ASK Automotive IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
NSE & BSE₹282.00₹303.00₹21.00 (7.45%)
ASK Automotive IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
7 Nov ‘23 - 9 Nov ‘23₹14,20453₹268 - ₹282
Issue SizeIPO Doc
834.00CrRHP PDF
Subscription Status As on 09 Nov '23, 5:00 PMQualified Institutional Buyers
142.41x
Non-Institutional Investor
35.47x
Retail Individual Investor
5.70x
Total
51.14x
About ASK AutomotiveASK Automotive is India's largest manufacturer of brake-shoes and advanced braking systems for two-wheelers. With over three decades of experience, ASK Automotive supplies safety systems and essential engineering solutions. They handle everything from design to manufacturing in-house.
ASK Automotive started its journey in 1989 by producing brake shoe products for two-wheelers. Since then, they've diversified their operations to encompass advanced braking systems, lightweight aluminum precision (ALP) solutions, wheel assemblies for two-wheeler OEMs, and safety control cables (SCC) products.
Their product portfolio includes AB systems, ALP solutions, wheel assemblies, and SCC products, which are supplied to OEMs in both the automotive sector, covering two-wheelers, three-wheelers (3Ws), passenger vehicles (PVs), and commercial vehicles (CVs), as well as the non-automotive sector, catering to all-terrain vehicles (ATVs), power tools, and outdoor equipment.
;
Parent Organisation
ASK Automotive Limited
Founded
1988
Managing Director
Mr. Kuldip Singh Rathee
Strengths & Risks
ASK Automotive is a company that specializes in supplying products to two-wheeler OEMs in India, the world's largest motorized two-wheeler market. In 2023, they achieved domestic sales of 16.25 million units.
They hold the distinction of being the largest manufacturer of brake-shoe and AB systems for two-wheelers in India. Their market share in terms of production volume for OEMs and the branded IAM is approximately 50% in 2023.
ASK Automotive is a significant player in the SCC products and ALP solutions for two-wheeler OEMs in India, based on production volume in 2023. Their market share in ALP solutions was 9% by production volume for two-wheeler OEMs in India during the same year.
As of June 30, 2023, the company has a portfolio of 52 proprietary formulations, seven of which were licensed to them. 
ASK Automotive has been actively introducing products and solutions for 45 programs in the automotive industry and nine programs in the non-automotive industry between the second and fourth quarters of 2024.
Their customer base in India includes the top six two-wheeler OEMs, both in terms of production volume and value for 2023. They have served each of the top six two-wheeler OEMs in India for over 16 years as of June 30, 2023, with some of these relationships dating back to 1994.
The company's revenue from operations has increased at a CAGR of 28.64% between years 2021 and 2023. Their revenue grew by 8.74% from Rs. 603.74 crore in the three months ending June 30, 2022, to Rs. 656.51 crore in the three months ending June 30, 2023. 
The company's financial reliance is mainly on the Indian two-wheeler automotive sector, which has contributed over 80% of revenue in recent years. Any negative changes in this sector could harm the company's financial health.
The company heavily depends on its top three customers, who contribute more than 50% of its revenue. The largest customer alone has provided around 30% of revenue in recent years. Losing any of these customers or decreasing their purchases could negatively impact the company's performance.
As of June 30, 2023, it used 498 authorized third-party dealers to sell its products in the independent aftermarket. Any issues related to these arrangements could pose risks to the company.
Most of the company's manufacturing activities are based in Haryana, and specific products are exclusively produced there. Disruptions in Haryana could adversely affect the company's operations and financial condition.
The company's expansion plans for the manufacturing facility in Kolar, Karnataka, may face unexpected delays and cost overruns.
One of the company's subsidiaries, ASK Automobiles Private Limited, has a negative net worth and may not become profitable in the near future.
As of June 30, 2023, the company had total outstanding borrowings of Rs. 386.84 crore.
The company's contingent liabilities could negatively affect its financial condition.
There are ongoing legal proceedings involving the company and one of its directors. Unfavorable outcomes in these proceedings may harm the company's business and financial condition.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹268 - 282₹2 Lakh
High Networth Individual₹268 - 282₹2 - 5 Lakh
For ASK Automotive IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
NSE & BSE	₹282.00	₹303.00	₹21.00 (7.45%)

Bidding Dates	Min. Investment	Lot Size	Price Range
7 Nov ‘23 - 9 Nov ‘23	₹14,204	53	₹268 - ₹282

Issue Size	IPO Doc
834.00Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹268 - 282	₹2 Lakh
High Networth Individual	₹268 - 282	₹2 - 5 Lakh

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