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

ASK Automotive Ltd. IPO Details

Check out the issue details for ASK Automotive Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 282

Price Band

₹ 268 - 282

Issue Size

834 Cr.

Issue Type

Book Built

Open

2023-11-07

Close

2023-11-09

Listingprice

₹ 303.3

ListingGain

7.55%

Listing Date

2023-11-15

CMP

₹ 439.6

Current Return

55.89%

Company Financials

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

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

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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 1644.58 1543.99 2013.1 2555.42 2926.43
Total Expenditure 1438.61 1361.32 1844.21 2321.66 2649.21
Operating Profit 205.96 182.67 168.89 233.76 277.22
Other Income 9.8 27.44 14.05 19.67 29.86
Interest 20.01 10.85 8.05 10.85 14.74
Depreciation 51.85 51.89 55.83 59.78 57.04
Exceptional Items 0 0 0 0 0
Profit Before Tax 143.9 147.37 119.06 182.8 235.31
Provision for Tax 26.1 36.76 30.33 46.81 59.7
Net Profit 117.8 110.16 88.73 135.99 175.62
Adjusted EPS (Rs.) 0.58 0.54 0.44 0.69 0.89

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 10.17 40.69 40.18 39.43 39.43
Total Reserves 531.98 609.26 625.56 651.39 826.21
Borrowings 86.7 42.67 47.24 63.06 53.62
Other N/C liabilities 180.97 131.74 173.74 54.42 56.42
Current liabilities 209.64 236.72 338.36 394.46 403.39
Total Liabilities 1019.46 1061.08 1225.08 1202.76 1379.07
Assets
Net Block 607.48 603.4 663.49 639.69 636.55
Capital WIP 15.57 9.83 2.04 6.53 0.62
Intangible WIP 0 0 0 0 0
Investments 31.12 31.12 31.87 43.87 43.87
Loans & Advances 149.94 102.9 159.12 71.17 222.57
Other N/C Assets 18.07 4.74 2.08 4.99 15.88
Current Assets 197.29 309.09 366.49 436.52 459.58
Total Assets 1019.46 1061.08 1225.08 1202.76 1379.07
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 7.65 5.09 8.07 7.2 7.67
Profit Before Tax 63.58 62.02 61.52 72.49 77.74
Tax 15.64 15.6 15.64 18.53 19.81
Profit After Tax 47.94 46.42 45.87 53.96 57.93
Adjusted EPS (Rs) 2.43 2.35 2.33 2.74 2.94

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 78.95 0
Jun 2024 85 0
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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 143.9 147.37 119.06 182.8 235.31
Adjustment 70.47 42.12 54.53 60.93 54.03
Changes in Assets & Liabilities 63.12 -19.52 1.26 -47.23 90.55
Tax Paid -30.2 -33.53 -30.17 -44.36 -62.37
Operating Cash Flow 247.28 136.44 144.68 152.13 317.52
Investing Cash Flow -59.65 -6.02 -99.32 -82.96 -195.9
Financing Cash Flow -185.76 -115.25 -62.95 -69.01 -110.55
Net Cash Flow 1.87 15.17 -17.58 0.16 11.07
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