ASK Automotive IPO Allotment Finalised: How To Check Allotment Status

ASK Automotive recently concluded its Initial Public Offering (IPO), raising a substantial Rs 834.00 crores through a complete offer for sale of 2.96 crore shares.

As per the latest update the allotment has now been finalised.

The issue witnessed strong demand, particularly from Qualified Institutions, achieving an impressive subscription of 142.41 times. Non-Institutional Buyers also showed substantial interest, with a subscription of 35.47 times.

Retail Investors participated with a subscription of 5.70 times. Overall, the ASK Automotive IPO received a total subscription of 51.14 times, underscoring the market's keen interest in the offering.

ASK Automotive Limited is set to list on the stock exchanges (BSE & NSE) on Wednesday, November 15.

Investors can check the ASK Automotive IPO allotment status on the official website of Link Intime India Private Ltd and on the official website of BSE.

• Visit the Link Intime website: https://linkintime.co.in/mipo/ipoallotment.html

• Select "ASK Automotive IPO" from the drop-down list on the Public issues page.

• Enter your PAN number, application number, or DP Client ID.

• Click on the "SUBMIT" button.

• Download or print the allotment status for your records.

• Visit the official BSE website: bseindia.com/investors/appli_check.aspx

• Click on "Equity" under "Issue Type."

• Select "Ask Automotive Limited" from the IPO list.

• Enter your application number or PAN number.

• Complete the 'Captcha.'

• Click on the "Search" button to view your allotment status.

• Download/print the allotment status for your records.

• Total Issue Size: Rs 834.00 Crores

• Face Value: Rs 2 per share

• Offer for Sale Size: Rs 834.00 Crores

• Shares for Offer for Sale: 29,571,390 shares

• Price Band: Rs 268 to Rs 282 per share

• Lot Size: 53 Shares

• IPO Open Date: November 7

• IPO Close Date: November 9

• Basis of Allotment: November 10

• Initiation of Refunds: November 10

• Credit to Demat Account: November 10

• Listing Date: November 15

ASK Automotive Limited, established in 1988, is a company in India that makes advanced braking systems for motorcycles. They produce a variety of products, including AB systems, lightweight precision aluminum parts, wheel assemblies for two-wheeler manufacturers, and safety control cables.

The company operates both in India and internationally, with 15 manufacturing units across five Indian states. ASK Automotive serves big names like Honda, Suzuki, TVS, Yamaha, Bajaj, Royal Enfield, and others. Besides supplying to original equipment manufacturers, they also cater to the independent aftermarket and export markets. The company's manufacturing facilities hold certifications for quality and safety, ensuring their products meet high standards.