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Open
7 Nov 2023
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Close
9 Nov 2023
3
Allotment
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Listing
Wed, Nov 15, 2023
Price Band
₹268 to ₹282
Issue Size
2,95,71,390 shares (agg. up to ₹834 Cr)
Lot Size
53 Shares
Listing Date
Wed, Nov 15, 2023
Latest GMP
₹28
Est. Gain
9.93%
✦ AI Insight
GMP Trend
15-11-2023₹28Est. ₹310+9.93%
14-11-2023₹28Est. ₹310+9.93%
13-11-2023₹28Est. ₹310+9.93%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 36.03x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 1,443.34 | 1,281.21 | 1,105.56 | 948.25 |
| Total Income | 657.55 | 2,566.28 | 2,024.26 | 1,567.77 |
| Profit After Tax | 34.83 | 122.95 | 82.66 | 106.20 |
| NET Worth | 643.77 | 631.91 | 622.23 | |
| Reserves and Surplus | 639.03 | 604.34 | 591.73 | 581.54 |
| Total Borrowing | 268.03 | 231.82 | 119.78 | 54.02 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Divgi TorqTransfer Systems Ltd. | Mainboard | ₹412.12 Cr | ₹590 | 35.16 | ₹605.20 | +2.58% | ₹913.50 (-2.78%) |
| Uniparts India Ltd. | Mainboard | ₹835.61 Cr | ₹577 | 12.89 | ₹539.65 | -6.47% | ₹676.00 (-3.33%) |
| Pritika Engineering Components Ltd. | SME | ₹9.42 Cr | ₹29 | 8.76 | ₹44.30 | +52.76% | ₹62.00 (+0.40%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Achieve the benefits of listing the Equity Shares on the Stock Exchanges |
About ASK Automotive IPO
Incorporated in 1988, ASK Automotive Limited is a manufacturer of Advance Braking Systems for two-wheelers in India. The product range of the company includes (I) AB systems; (ii) aluminium lightweight precision("ALP") (iii) wheel assembly to 2W OEMs; and (iv) safety control cables ("SCC"). The company operates in India as well as overseas. As of June 2023, the company has 15 manufacturing units spread across five states in India. ASK Automotive supplies to Original Equipment Manufacturers like HMSI, HMCL, Suzuki, TVS, Yamaha, Bajaj, Royal Enfield, Denso, Magneti Marelli, and others. It also provides to the independent aftermarket and the export market through its manufacturing facilities located in different parts of the country. The company's manufacturing facilities have world-class certifications in quality and safety including IATF 16949:2016, ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018.+ Read More
Contact Details
ASK Automotive Ltd. AddressFlat No.104, 929/1Naiwala, Faiz RoadKarol BaghNew Delhi, New Delhi, 110005+91 124 4396907compliance@askbrake.comVisit Website