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News Details

02/11/2023 13:20

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ASK Automotive announces launch of initial public offering

ASK Automotive Ltd. has announced public offering of 29571391 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 280.00 per share. The gross proceeds of the issue are expected to be Rs 83,391.32 lakhs.

The company's initial public offer (IPO) will open on 07 November 2023 and is expected to close on 09 November 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 268.00-282.00 per share.

The IPO includes a fresh Issue of 29571391 Equity Shares of the Company at an price of Rs 282.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 53 shares with bids in multiples of 53.

ASK Automotive Ltd. anticipates using the proceeds of the issue for .

ICICI Securities Ltd,Axis Capital Ltd,JM Financial Ltd.,IIFL Securities Ltd. as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.