Aliceblue ANTInstall and trade smarter everywhere
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the ASK Automotive Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹282
Per ShareLot Size
53 Shares
Minimum Investment
₹14,946
Issue Size
₹833.91 Cr
Face Value
₹2
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
90.2%
Promoter Holding (Post-Issue)
75.2%
Issue Type
Book Building
ISIN
INE491J01022
ASK Automotive Limited supplies safety systems and critical engineering solutions with in-house designing, developing and manufacturing capabilities. Its offerings are powertrain agnostic, catering to electric vehicle ("EV") as well as internal combustion engine ("ICE") original equipment manufacturers ("OEMs"). The Company commenced its operations in 1989 by manufacturing brake shoe products for two-wheelers ("2Ws") and have since diversified its operations to include offerings such as: (i) advanced braking ("AB") systems; (ii) aluminium lightweighting precision ("ALP") solutions; (iii) wheel assembly to 2W OEMs; and (iv) safety control cables ("SCC") products, that it supplies in (i) the automotive sector for 2Ws, three wheelers ("3Ws"), passenger vehicles ("PVs") and commercial vehicles ("CVs"), and (ii) the non-automotive sector for all-terrain vehicles ("ATVs"), power tools and outdoor equipment.
India is the largest motorized two-wheeler market in the world, with domestic sales of 16.25 million units in Fiscal 2023 (Source: CRISIL Report). It constitutes approximately 76% of the total market comprising two-wheelers ("2Ws"), three-wheelers ("3Ws"), passenger vehicles ("PVs") and commercial vehicles by volume; and approximately 16% in value terms (approximately Rs.1,056 billion). Furthermore, India is also one of the largest exporters of 2Ws in the world. (Source: CRISIL Report) CRISIL MI&A expects 2W exports from India to record a CAGR of 5%-7% between Fiscal 2023 and Fiscal 2028, compared to 5.3% between Fiscal 2018 and Fiscal 2023. Furthermore, electronic vehicles ("EVs") are gaining in India and are growing faster than internal combustion engine ("ICE") vehicles across the 2W, 3W and fourwheeler sectors. In the non-automotive sector, infrastructural growth, especially in emerging economies such as China and India, is a major driver of the power tools market globally.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
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.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
ASK Automotive Limited was incorporated on January 18, 1988 as a private limited company under the Companies Act, 1956, with the name "ASK Automotive Private Limited", pursuant to a certificate of incorporation granted by the Registrar of Companies, Delhi and Haryana("RoC"). Upon the conversion of the Company into a public limited company, pursuant to resolutionspassed by its Board of Directors on December 7, 2022 and its Shareholders on December 7, 2022 the name of the Company was changed to "ASK Automotive Limited" and a fresh certificate of incorporation dated January 6, 2023 was issued by the RoC.
Wholesalers and Retailers
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.