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.

What is the current subscription status of ASK Automotive Limited IPO?

ASK Automotive Limited IPO has received a total subscription of 51.14 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

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 Subscription Status Allotment Status Filing Documents

Overall Subscription

51.14x

Total Demand

QIB Multiplier

142.41x

Institutions & Funds

NII / HNI

35.47x

High Net-Worth

Retail (RII)

5.70x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 51.14x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	5,914,278	842,228,565	142.41x
NIB	4,435,709	157,344,068	35.47x
HNIs(10L +)	2,957,139	121,629,011	41.13x
HNIs (2-10L)	1,478,570	35,715,057	24.16x
RETAIL	10,349,987	58,999,176	5.70x
Total	25,135,683	1,215,915,877	51.14x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 6.76x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	195,303	1,113,227	5.70x
HNIs (10L +)	1,249	44,302	35.47x
HNIs (2-10L)	5,979	212,075	35.47x
Total Applications	202,531	1,369,604	6.76x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 is ASK Automotive Limited IPO GMP today?

The latest Grey Market Premium (GMP) for ASK Automotive Limited IPO is ₹32 per equity share. Based on the upper price band of ₹268 to ₹282 per equity share, the estimated listing price is ₹314 (+11.3% expected listing gain).

What is the expected profit per lot for ASK Automotive Limited IPO?

With a lot size of 53 shares and current GMP of ₹32, the expected profit per application lot is approx ₹1,696 (+11.3% gain). Minimum application cost is approx ₹14,946.

What is the issue size and price band for ASK Automotive Limited IPO?

The ASK Automotive Limited IPO aggregate issue size is ₹834 Crores with an equity price band set at ₹268 to ₹282 per equity share. The retail lot size is 53 shares requiring a minimum capital outlay of approx. ₹14,946.

How can I check ASK Automotive Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 51.14x (Retail: 5.70x, QIB: 142.41x, NII: 35.47x). You can track live multiples directly on our dedicated subscription page.

Where and when will ASK Automotive Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Link Intime India Private Ltd) and the BSE status verification website on or around 2023-11-10. Investors can verify status using PAN card or application number.

When is the listing date for ASK Automotive Limited IPO?

ASK Automotive Limited shares are scheduled to list on NSE and BSE on 2023-11-15.