ASK Automotive Ltd.

Industry:

Auto Ancillary

Issue Details

  • Open Date

    07 Nov 2023
  • Close Date

    09 Nov 2023
  • Size (in Crs.)

    833.913

  • Size (Shares)

    -
  • Listing On

    BSE, NSE

Issue Terms

  • Price Range

    -14
  • Lot 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 / 28759605

Email

info@askbrake.com / 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

Email

-

Website

-

Fax

2851 2885

Prudent Corporate Advisory Services Ltd.
"Prudent House", Panjrapole Cross Road,
Nr. Polytechnic, Ambawadi,
Ahmedabad - 380 015, Gujarat, India.
For Queries:
kyc@fundzbazar.com
1800 419 5051 (Toll Free)
Compliance Officer:
Mrs. Rima Patel
compliancemf@prudentcorporate.com
(079) 40209600
Social Media

Prudent Corporate Advisory Services Ltd.(PCAS): Member of NSE & BSE – SEBI Registration No as stock broker: INZ000293634. Member ID : - NSE : 90209, BSE : 6733, CDSL – IN-DP- 477-2020 (DP ID: 12090600), Research Analyst - INH000018115, CIN - L91120GJ2003PLC042458.

Registered Address: Prudent House, Panjrapole Cross Road, Nr. Polytechnic, Ambawadi, Ahmedabad - 380015, Gujarat, India.

For any complaints pertaining to securities / broking please write a mail to ig@prudentcorporate.com

Please ensure you carefully read the Risk Disclosure Document as prescribed by SEBI

Investor Alert:
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  • 1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. 2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. 3. Pay 20% upfront margin of the transaction value to trade in cash market segment. 4. Investors may please refer to the NSE's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 & BSE’s notice no. 20200731-7 dated July 31, 2020 and 20200831-45 dated August 31, 2020 and other guidelines issued from time to time in this regard. 5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month. .......... Issued in the interest of Investors

Company does not offer any scheme for any assured returns. In case, any such scheme offered by any of employee or other Authorized Person of the company, the same should not be accepted and no investment in such scheme to be made. In case of any such scheme offered by any person, kindly contact compliance team of the company on (+91) (79) 40209600. In case any investment made in such scheme, company will not be responsible for any claims or grievances for any loss on account of relying on the said scheme. 

Advertisement Disclosure - Non-Broking Products/Services e.g. Mutual Fund, Mutual Fund-SIP, Research reports, Insurance, etc "These are not Exchange traded product and the Member is just acting as distributor and all disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism.”