Monday, December 11, 2023

ASK Automotive IPO: ASK Automotive’s Rs 834-crore issue to open on Nov 7

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Mumbai: The ₹834-crore initial public offering (IPO) of auto parts manufacturer ASK Automotive is set to be open for public subscription from November 7 to November 9. The company has fixed a price range of ₹268 to ₹282 per share.The issue is entirely an offer-for-sale of 29.5 million shares by the company’s promoters. Investors can bid for a minimum of 53 shares and multiples of 53 shares thereafter.

Based in Gurugram, the company achieved a year-on-year revenue growth of 27% in FY23, reaching ₹2,555 crore. The company’s profit after tax was ₹123 crore forFY23, compared to ₹82.65 crore in FY22.

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