Ask Automotive is into Automobile Auto-Component and is looking raise funds through Offer For Sale
Ask Automotive IPO Update:
Ask Automotive Limited IPO: Gurugram based ASK Automotive Limited established in the year 1988 and is into Automobile - Auto-Component sector.
Company is promoted by Kuldip Singh Rathee and Vijay Rathee. Pre-Offer Promoter and Promoter group stake in the company is 100.%.
ASK Automotive Limited has filed Red Herring Prospectus (RHP) for proposed initial public offer (IPO). Total issue size is INR 834 Crores calculated on upper price band (face value of INR 2 per share) via initial public offering.
Initial Public Offer comprising of a Offer for Sale of 29,571,390 Equity Shares. JM Financial, Axis Capital, ICICI Securities, IIFL Securities have been appointed as lead merchant bankers for the proposed IPO. It has appointed Link Intime (India) Pvt. Ltd. as Registrar and Share transfer Agent.
Details about upcoming IPO:
As per the details available in RHP, Price band is Rs 268 to Rs 282 with lot size of 53 shares and in multiples thereof. Objects of the issue is As this issue is Offer for Sale hence company will not receive any proceeds from the Offer. Objects being Listing benefits..
IPO Dates:
IPO will open on November 07, 2023 and close on November 07, 2023. Tentative date of listing on stock exchanges is November 20, 2023
Want to know more details about the IPO, please visit here ASK Automotive Limited
Source: SEBI, BSE, NSE, DRHP, Ask Automotive, Industry Data
Disclaimer: Above article only publishes details about the IPO and for educational purpose only. It doesn't solicit or invite any interest to invest in any kind of securities. Please visit respective sources to verify and know more details about the IPO. We advise investors to take opinion from certified/SEBI registered experts before taking any investment decisions.
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