What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the ASK Automotive Limited IPO allotment date?

The basis of allotment for ASK Automotive Limited IPO is scheduled to be finalized on 10 Nov 2023.

Where can I check ASK Automotive Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Link Intime India Private Ltd) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 11 Nov 2023.

ASK Automotive Limited

ListedMainboard

Industrial & 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

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

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

ASK Automotive Limited Allotment Status

Designated Registrar: Link Intime India Private Ltd

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

10 Nov 2023

Basis finalization

Refunds Initiate

11 Nov 2023

Mandate release

Demat Credit

12 Nov 2023

Shares in demat

Listing Debut

15 Nov 2023

Trading begins

How to Check ASK Automotive Limited IPO Allotment Status

Click the Check on Registrar button above to visit Link Intime India Private Ltd's allotment portal.
Select ASK Automotive Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About ASK Automotive Limited Public Issue & Market Profile

ASK Automotive Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹834 Crores. The shares are offered at a price band of ₹268 to ₹282 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2023-11-09, the basis of allotment is scheduled to be finalized on 2023-11-10. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Ltd) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.