ASK Automotive Ltd.
Industry:
Auto Ancillary
Issue Details
Open Date
07 Nov 2023Close Date
09 Nov 2023Size (in Crs.)
833.913
Size (Shares)
-Listing On
BSE, NSE
Issue Terms
Price Range
-14Lot Size
53
Type
Book building
Face Value
2
Market Lot
1
Objective of the Issue
(i) carry out the Offer for Sale of 29,571,390* Equity Shares by the Promoter Selling Shareholders aggregating to ? 8,339.13 million, subject to finalization of the Basis of Allotment; and (ii) achieve the benefits of listing the Equity Shares on the Stock Exchanges.
Description
We are the largest manufacturer of brake-shoe and advanced braking (“AB”) systems for two-wheelers (“2W”)in India with a market share of approximately 50% in Fiscal 2023 in terms of production volume for originalequipment manufacturers (“OEMs”) and the branded independent aftermarket (“IAM”), on a combined basis(Source: CRISIL Report). We have been supplying safety systems and critical engineering solutions for more thanthree decades with in-house designing, developing and manufacturing capabilities. Our offer... Show More
Address
Flat No. 104,929/1 , Naiwala, Faiz Road , Karol Bagh
New Delhi
110005
State
Delhi
Phone No.
011-28758433
roc@askbrake.com
Website
www.askbrake.com
Promoter Holding
Promoters:
Kuldip Singh Rathee, Vijay Rathee
Total Share Capital
197142600
Offered to Public
29571390
% Promoter's Holding (Pre-Issue)
100
% Promoter's Holding (Post-Issue)
85
Shares on offer
Total Share Offer
197142600
Of above offred to public
29571390
Post Issue shares
NA
Post Issue Promoters
85
Lead Managers to the Issue:
Axis Capital Ltd., ICICI Securities Ltd, IIFL Securities Ltd., JM Financial Ltd.
Registrar Details
Registrar Name:
Link Intime India Pvt Ltd.
Address
C 101, 247 Park , L B S Marg , Vikhroli (West) , Mumbai
400083
Phone No.
2851 5606/ 2851 5644
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Website
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Fax
2851 2885