ASK Automotive Ltd.
Open Date07 Nov 2023
Close Date09 Nov 2023
Size (in Crs.)
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.
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
Flat No. 104,929/1 , Naiwala, Faiz Road , Karol Bagh
Kuldip Singh Rathee, Vijay Rathee
Total Share Capital
Offered to Public
% Promoter's Holding (Pre-Issue)
% Promoter's Holding (Post-Issue)
Shares on offer
Total Share Offer
Of above offred to public
Post Issue shares
Post Issue Promoters
Lead Managers to the Issue:
Axis Capital Ltd., ICICI Securities Ltd, IIFL Securities Ltd., JM Financial Ltd.
Link Intime India Pvt Ltd.
C 101, 247 Park , L B S Marg , Vikhroli (West) , Mumbai
2851 5606/ 2851 5644