ASK Automotive IPO 2023: Key Dates, Subscription Details, and Investment Insights

ASK Automotive IPO 2023
ASK Automotive IPO 2023

The ASK Automotive IPO is making headlines, and for good reason. With an IPO date set between November 7 and November 9, this promising venture aims to raise a substantial ₹834 crores through an offer for sale of nearly 29.6 million shares, each valued at ₹2. The IPO is divided into three quotas: a retail quota of 35%, a QIB quota of 50%, and an HNI quota of 15%.

If you’re wondering how to get in on this exciting opportunity, it’s a breeze. You can apply for the ASK Automotive IPO through ASBA in your bank account or by filling out IPO forms available for download on the NSE and BSE websites.

Understanding the valuation is crucial, and the ASK Automotive IPO boasts an Earning Per Share (EPS) of ₹6.18 and a Return on Net Worth (RoNW) of 19.10%. This IPO is in good company, with peers such as Endurance Technologies Limited, Uno Minda Limited, Suprajit Engineering Limited, and Bharat Forge Limited. The company’s promoters are Kuldip Singh Rathee and Vijay Rathee, backed by leading merchant bankers like Jm Financial Limited, Axis Capital Limited, ICICI Securities Limited, and Iifl Securities Ltd.

Keep an eye on the allotment status, which will be finalized on November 15, with the IPO officially listing on November 20. This article has provided you with the essential details to stay informed and make informed investment decisions. Don’t miss your chance to be part of this exciting journey with ASK Automotive!