The ASK Automotive IPO is a book-built offering for Rs 834.00 crores. The offering consists of a fresh issue of Rs 834.00 crore and an offer to sell 2.96 crore shares.
The ASK Automotive IPO goes on sale on November 7, 2023, and closes on November 9, 2023. The ASK Automotive IPO allotment is expected to be completed on Wednesday, November 15, 2023. The ASK Automotive IPO will be listed on the BSE and NSE, with a tentative listing date of Monday, November.
The price range for the ASK Automotive IPO is $268 to 282 per share. An application requires a minimum lot size of 53 Shares. Retail investors must make a minimum investment of $14,946. The minimum lot size investment for sNII is 14 lots (742 shares), amounting to 209,244, while the minimum lot size investment for bNII is 67 lots (3,551 shares), amounting to 1,001,382.
ASK Automotive IPO Details
| IPO Date | November 7, 2023 to November 9, 2023 |
| Listing Date | [.] |
| Face Value | Rs 2 per share |
| Price Band | Rs 268 to Rs 282 per share |
| Lot Size | 53 Shares |
| Total Issue Size | 29,571,390 shares (aggregating up to Rs 834.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to Rs 834.00 Cr) |
| Offer for Sale | 29,571,390 shares of ₹2 (aggregating up to Rs [.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 197,142,600 |
| Share holding post issue | 197,142,600 |
ASK Automotive IPO Timeline
| IPO Open Date | Tuesday, November 7, 2023 |
| IPO Close Date | Thursday, November 9, 2023 |
| Basis of Allotment | Wednesday, November 15, 2023 |
| Initiation of Refunds | Thursday, November 16, 2023 |
| Credit of Shares to Demat | Friday, November 17, 2023 |
| Listing Date | Monday, November 20, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 9, 2023 |
ASK Automotive IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 53 | Rs 14,946 |
| Retail (Max) | 13 | 689 | Rs 194,298 |
| S-HNI (Min) | 14 | 742 | Rs 209,244 |
| S-HNI (Max) | 66 | 3,498 | Rs 986,436 |
| B-HNI (Min) | 67 | 3,551 | Rs 1,001,382 |
