IPO Synopsis
| ASK Automotive Ltd |
|---|
| Registered Office: Flat No 104 929/1 Naiwala,Faiz Road Karol Bagh,New Delhi-110005, New Delhi |
| Tel. No: +91 124 439 6907 |
| Fax No: NA |
| Email: compliance@askbrake.com |
| Website: www.askbrake.com |
| Initial public offering of 29,571,390* equity shares of face value of Rs. 2 each ("Equity Shares") of ASK Automotive Limited ("The Company" or the "Issuer") for cash at a price of Rs. 282 per equity share of face value of Rs. 2 ("Offer Price") aggregating to Rs. 833.91 crores, comprising an offer for sale of 20,699,973* equity shares of face value of Rs. 2 aggregating to Rs. 583.74 crores by Kuldip Singh Rathee and 8,871,417* equity shares of face value of Rs. 2 aggregating to Rs. 250.17 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 Rs. 2 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 | |
| 07-Nov-2023 | 09-Nov-2023 | ₹282.00 - 0.00 | |
| Minimum Application for shares in Nos : 53.0 | Further Multiples of :53.0 |
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| (₹ Cr) | Lead Managers to the Issue | |
|---|---|---|
| Project Cost | 0.00 | Axis Capital Ltd |
| Project Financed through Current Offer | 833.91 | ICICI Securities Ltd |
| Post Issue Equity Share Capital | 39.43 | IIFL Securities Ltd |
| Issue Price | 282.00 | JM Financial Ltd |
| Projects |
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| Listing the Equity Shares on the Stock Exchanges |
| Promoted By |
|---|
| Kuldip Singh Rathee |
| Vijay Rathee |
| Listing At |
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| BSE |
| NSE |
| Registrar To The Issue |
|---|
