ASK Automotive Ltd. IPO

ASK Automotive is a leading Indian manufacturer of brake systems and other critical engineering solutions for the automotive and non-automotive sectors. It is well-positioned to capitalize on the growing EV market.

RHP
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DRHP
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Open Date

2023-11-07

Close Date

2023-11-09

Company Financials

You can get the following financial statements of ASK Automotive Ltd. as of now.

Subscription Details

The details about the ASK Automotive Limited is as:

  • The issue size of the IPO is 834 Cr.
  • The price band for ASK Automotive Limited IPO is Rs 268 to Rs 282.
  • The shares of ASK Automotive Limited IPO will list on 15th November 2023.
  • The latest tentative GMP of ASK Automotive Limited IPO is Rs 45.
  • The shares of ASK Automotive Limited IPO is subscribed 5.34 Times as of 12:23 pm, 9th Novermber 2023. 

 

ASK Automotive Limited IPO Valuation

The approx valuation of ASK Automotive Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 282
Existing Shares (Qty) 19.71 Cr
Fresh Issue 834 Cr
Market Cap 6392.22 Cr
EPS (FY23) Rs 6.18
PE Ratio 45.63x
Industry PE 58.33x

 

ASK Automotive Limited IPO Issue Size

ASK Automotive Limited IPO issue size is 834 Cr

Issue Amount
Fresh Issue 834 Cr
Offer For Sale 0 Cr

 

ASK Automotive Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 53 shares and a maximum of 13 lots of 689 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 53 14,946
 Maximum 13 689 1,94,298

 

ASK Automotive Limited IPO share offer

The shares of ASK Automotive Limited IPO is subscribed 5.34 Times as of 12:23 pm, 9th Novermber 2023. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 6.15 Times
Non-Institutional Minimum 15% 9.87 Times
Retail Individual Minimum 35% 2.93 Times
Total   5.34 Times

Allotment Details

Find below the dates for ASK Automotive Limited IPO:

Schedule Date
Basis of Allotment 13 November 2023
Refunds 14 November 2023
Credit to Demat Account 14 November 2023
IPO Listing Date 15 November 2023

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 1785.29 1644.58 1543.99 2013.1 2555.42
Total Expenditure 1567.71 1438.61 1361.32 1844.21 2321.66
Operating Profit 217.58 205.96 182.67 168.89 233.76
Other Income 20.95 9.8 27.44 14.05 19.67
Interest 20.15 20.01 10.85 8.05 10.85
Depreciation 37.27 51.85 51.89 55.83 59.78
Exceptional Items 0 0 0 0 0
Profit Before Tax 181.12 143.9 147.37 119.06 182.8
Provision for Tax 59.85 26.1 36.76 30.33 46.81
Net Profit 121.27 117.8 110.16 88.73 135.99
Adjusted EPS (Rs.) 0.68 0.58 0.54 0.44 0.69

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 8.89 10.17 40.69 40.18 39.43
Total Reserves 427.84 531.98 609.26 625.56 651.39
Borrowings 194.56 86.7 42.67 47.24 63.06
Other N/C liabilities 59.41 180.97 131.74 173.74 124.63
Current liabilities 286.46 209.64 236.72 338.36 394.46
Total Liabilities 977.16 1019.46 1061.08 1225.08 1272.97
Assets
Net Block 559.8 607.48 603.4 663.49 639.69
Capital WIP 60.64 15.57 9.83 2.04 6.53
Intangible WIP 0 0 0 0 0
Investments 31.12 31.12 31.12 31.87 43.87
Loans & Advances 17.57 149.94 102.9 159.12 141.38
Other N/C Assets 28.62 18.07 4.74 2.08 4.99
Current Assets 279.43 197.29 309.09 366.49 436.52
Total Assets 977.16 1019.46 1061.08 1225.08 1272.97
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023
Other Income 7.66 5.09
Profit Before Tax 63.58 62.02
Tax 15.64 15.6
Profit After Tax 47.94 46.42
Adjusted EPS (Rs) 2.43 2.35

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 85 0
Dec 2023 85 0
Mar 2022 100 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 181.12 143.9 147.37 119.06 182.8
Adjustment 47.93 70.47 42.12 54.53 60.93
Changes in Assets & Liabilities -6.72 63.12 -19.52 1.26 -47.23
Tax Paid -46.2 -30.2 -33.53 -30.17 -44.36
Operating Cash Flow 176.13 247.28 136.44 144.68 152.13
Investing Cash Flow -297.35 -59.65 -6.02 -99.32 -82.96
Financing Cash Flow 118.54 -185.76 -115.25 -62.95 -69.01
Net Cash Flow -2.69 1.87 15.17 -17.58 0.16
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