IPO IPO-Synopsis
ASK Automotive Ltd

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Registered Office: Flat No 104 929/1 Naiwala,Faiz Road Karol Bagh , New Delhi - 110005 , New Delhi , India.
Phone : +91 124 439 6907   Fax:
Email :  compliance@askbrake.com  
Website :  www.askbrake.com
Initial public offering of 29,571,390* equity shares of face value of Rs2 each ("Equity Shares") of ASK Automotive Limited ("The Company" or the "Issuer") for cash at a price of Rs282 per equity share of face value of Rs2 ("Offer Price") aggregating to Rs833.91 crores, comprising an offer for sale of 20,699,973* equity shares of face value of Rs2 aggregating to Rs583.74 crores by Kuldip Singh Rathee and 8,871,417* equity shares of face value of Rs2 aggregating to Rs250.17 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 Rs2 each. The offer price is 141 times the face value of the equity shares. *Subject to finalization of basis of allotment.

Issue Money Payable On
Opens On Closes On Application Allotment
07-Nov-23 09-Nov-23 Rs282.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :53  Further Multiples of :53

  Rs Cr Lead Managers to the Issue
Project Cost 0.00
Axis Capital Ltd
Project Financed through Current Offer 833.91  
Post Issue Equity Share Capital 39.43  
Issue Price Rs282.00  
Projects
Listing the Equity Shares on the Stock Exchanges
Promoted By
Kuldip Singh Rathee
Vijay Rathee
Listing At
BSE 
NSE 
Registrar to the Issue
MUFG Intime India Pvt Ltd