ASK Automotive Ltd - IPO

ASK Automotive Ltd IPO Details

Initial public offering of 29,571,390* equity shares of face value of Rs. 2 each (Equity Shares) of ASK Automotive Limited (The Company or the Issuer) for cash at a price of Rs. 282 per equity share of face value of Rs. 2 (Offer Price) aggregating to Rs. 833.91 crores, comprising an offer for sale of 20,699,973* equity shares of face value of Rs. 2 aggregating to Rs. 583.74 crores by Kuldip Singh Rathee and 8,871,417* equity shares of face value of Rs. 2 aggregating to Rs. 250.17 crores by Vijay Rathee (Promoter Selling Shareholders) (the Offer for Sale or the Offer). The offer shall constitute 15.00% of the post-offer paid-up equity share capital of the company. The face value of the equity share is Rs. 2 each. The offer price is 141 times the face value of the equity shares.*Subject to finalization of basis of allotment.

Objective of issue

Listing the Equity Shares on the Stock Exchanges.

ASK Automotive Ltd Contact Details

ASK Automotive Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - compliance@askbrake.com

Website - www.askbrake.com