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ASK Automotive IPO

With a market share of roughly 50% in terms of production volume for original equipment manufacturers (OEMs) and the branded independent aftermarket (IAM), combined, ASK Automotive is the largest manufacturer of brake shoes and advanced braking (AB) systems for two-wheelers (2W) in India.

The organisation, which has in-house design, development, and manufacturing skills, has been providing safety systems and crucial technical solutions for more than thirty years. It provides powertrain agnostic solutions to OEMs of internal combustion engines (ICEs) and electric cars (EVs).

ASK Automotive has since diversified its operations to include offerings such as (i) AB systems; (ii) aluminum lightweighting precision (ALP) solutions, where it is a prominent player for 2W OEMs in India with a market share of 8% in FY 2022 in terms of production volume: (iii) wheel assembly to 2W OEMs; and (iv) safety control cables (SCC) products.

ASK Automotive IPO Details

Signature Global IPO Details
ASK Automotive IPO Dates
7 – 9 November 2023
ASK Automotive IPO Price
INR 268 – 282 per share
Fresh issue
Nil
Offer For Sale
29,571,390 shares (INR 792.51 – 833.91 crore)
Total IPO Size
29,571,390 shares (INR 792.51 – 833.91 crore)
Minimum bid (size)
53 shares (INR 14,946)
Face Value
INR 2 per share
Retail Allocation
35%
Listing On
BSE, NSE

ASK Automotive Financial Performance

Signature Global Financial Performance

FY21

FY22

FY23

Q1 FY 24

Revenue

1,543.99

2,013.08

2,555.17

656.51

Expenses

1,420.40

1,905.99

2,390.63

612.12

Net income

105.76

83.59

122.94

34.83

Margin (%)

6.85

4.15

4.81

5.31

Figures in INR Crore unless specified otherwise

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