ASK Automotive Limited
ListedMainboardIndustrial & Financial Services · NSE / BSE
Incorporated in 1988, ASK Automotive Limited is a leading Indian manufacturer of advanced braking systems for two-wheelers, with a product portfolio that includes AB systems, aluminium lightweight precision parts, wheel assemblies, and safety control cables, serving both domestic and international markets. As of June 2023, the company has 15 manufacturing units across five states and supplies to major OEMs like Honda, Hero MotoCorp, Suzuki, TVS, Yamaha, Bajaj, Royal Enfield, Denso, and Magneti Marelli, along with the independent aftermarket and export markets. The company’s facilities are certified with global standards like IATF 16949:2016, ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, showcasing its strong focus on quality and safety.
Price Band
₹268 – ₹282
Issue Size
₹834 Cr
Lot Size
53 shares
GMP
₹32
+11.3%
Est. Listing
₹314
at current GMP
Subscribed
51.14x
overall
Open
7 Nov 2023
Close
9 Nov 2023
Allotment
10 Nov 2023
Refund
11 Nov 2023
Demat Credit
12 Nov 2023
Listing
15 Nov 2023
Last updated 12 days ago
Key Highlights
- •Leading player in the Indian market segment
- •Price band established at ₹268 - ₹282 per equity share
- •Minimum bid lot is 53 shares
- •Estimated listing target of ₹314 based on current grey market activity