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Apollo Green₹ 72 (28.6%)ASK Investment₹ 895 (-3.2%)AVPL ₹ 49 (0%)Bootes Impex₹ 775 (-8.8%)CIAL ₹ 442 (-0.5%)CSK ₹ 254 (-3.1%)ESDS Software₹ 478 (2.8%)Garuda Aerospace₹ 468 (-2.1%)Goodluck Defence₹ 385 (16%)Hero Motors₹ 325 (0%)Hinduja Leyland₹ 248 (0%)ICL Fincorp₹ 25 (0%)Incred Holdings₹ 154 (2.7%)Kineco Limited₹ 3285 (0%)Lava ₹ 60 (15.4%)Market Simplified₹ 26 (-7.1%)Matrix Gas₹ 12 (-20%)Motilal Oswal₹ 12.25 (-2%)MSEI ₹ 6.35 (-2.3%)NCDEX ₹ 368 (-1.6%)NSE ₹ 1985 (-2%)Onix Renewable₹ 68 (21.4%)OYO ₹ 23 (-4.2%)OYO Assets₹ 9.25 (-7%)Philips India₹ 1250 (0%)Polymatech Electronics₹ 56 (-3.4%)SBI Mutual₹ 768 (-0.9%)Taparia Tools₹ 6050 (0%)VCI Chemical₹ 64 (0%)Zepto ₹ 40 (-4.8%)

15 Days Price Change

ASK Automotive IPO

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WEBSITE Inc. Year: 1988 Industry: Auto Ancillary Listed Page

Profile
Issue Size --
Profile
Price Range 268  to  282 per share
Profile
Min Investment ₹282
Profile
Lot Size 1
Profile
Face Value ₹2
Profile
Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

ASK Automotive Ltd is a prominent Indian company specializing in automotive components and systems. ASK Automotive has established itself as a leading manufacturer and supplier of a wide range of products, including friction materials, aluminum die casting products, and safety control cables. The company serves both domestic and international markets, catering to various segments of the automotive industry, such as two-wheelers, passenger cars, commercial vehicles, and more. Known for its commitment to quality and innovation, ASK Automotive has earned a solid reputation for producing reliable and technologically advanced components. Their dedication to research and development, coupled with a focus on sustainability and customer satisfaction, positions them as a key player in the global automotive supply chain. Read More

Basic Info

Face Value 2 per share

Price 268  to  282 per share

P/E (x) 22.4

Sales( Cr.) 3601

PAT( Cr.) 248

EPS 12.6

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Kuldip Singh Rathee Vijay Rathee

Pre Issue Share Holding 100%

Post Issue Share Holding --%

Listing Details:

Listing Price: 304.9

Listing Gain: 7.51%

Current Price: 456

Gain On Issue: 456 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Nov 07, 2023
Closing Date Nov 09, 2023
Allotment Nov 10, 2023
Refund Nov 13, 2023
Delivery of Shares Nov 13, 2023
Listing Date Nov 14, 2023

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 53 14,946
Retail (Max) 13 689 194,298
S-HNI (Min) 14 742 209,244
S-HNI (Max) 66 3498 986,436
B-HNI (Min) 67 3551 1,001,382

Objective of the Issue

The company will not receive any proceeds from the Offer and all the Offer Proceeds will be received by the Selling Shareholders, in proportion to the Offered Shares sold by the respective Selling Shareholders as part of the Offer.

Issue

Category Nos Bid Bid (x)
QIB 14785695 887142 0.1x
NII 4435709 10113417 2.3x
Retail 10349987 17491478 1.7x
EMP 0 0 0x
Total 29571390 39921377 1.4x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

ASK Automotive Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 843 879 1004 1578 1785 1645 1544 2013 2555 2995 3601
Other Income 3 1 8 11 21 10 27 14 16 17 16
Total Income 846 880 1012 1589 1806 1654 1571 2027 2571 3011 3617
Total Expenditure 739 769 885 1392 1568 1439 1361 1844 2323 2700 3173
Operating Profit 107 111 126 197 239 216 210 182 248 311 444
Interest 16 15 15 14 20 20 11 8 11 29 34
Depreciation 25 25 31 41 37 52 52 56 61 69 89
Exceptional Income / Expenses 0 -2 0 4 0 0 0 0 0 0 0
Profit Before Tax 66 68 80 147 181 133 143 113 170 230 327
Provision for Tax 20 20 27 52 60 26 37 30 47 56 80
Profit After Tax 46 49 54 94 121 107 106 83 123 174 248
Adjustments 0 0 0 -1 -8 0 -0 0 0 0 0
Profit After Adjustments 46 49 54 93 114 107 106 83 123 174 248
Adjusted Earnings Per Share 2.6 2.8 3 5.2 6.4 5.3 5.2 4.1 6.2 8.8 12.6

ASK Automotive Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 267 316 374 345 424 519 622 632 644 817 1043
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 73 46 50 88 195 87 43 102 209 268 306
Other Non-Current Liabilities 21 27 40 132 176 181 132 174 56 55 85
Total Current Liabilities 194 227 235 297 286 210 237 339 421 489 563
Total Liabilities 556 615 699 862 1081 996 1033 1248 1330 1628 1997
Fixed Assets 244 301 327 368 560 607 603 738 726 992 1267
Other Non-Current Assets 48 34 65 149 214 174 117 141 155 118 153
Total Current Assets 264 280 307 316 279 197 309 368 449 518 577
Total Assets 556 615 699 862 1081 996 1033 1248 1330 1628 1997

ASK Automotive Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 3 2 1 2 4 1 3 19 1 2 12
Cash Flow from Operating Activities 70 122 83 246 176 247 136 144 139 303 360
Cash Flow from Investing Activities -61 -82 -68 -173 -297 -60 -6 -80 -161 -278 -339
Cash Flow from Financing Activities -9 -40 -15 -70 119 -186 -115 -81 23 -16 -14
Net Cash Inflow / Outflow -0 0 0 3 -3 2 15 -17 1 10 8
Closing Cash & Cash Equivalent 2 2 1 4 1 3 19 1 2 12 20

ASK Automotive Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.59 2.75 3.02 5.22 6.39 5.26 5.2 4.11 6.24 8.81 12.56
CEPS(Rs) 0 0 0 7.59 8.91 7.81 7.77 6.9 9.32 12.31 17.07
DPS(Rs) 0 0 0 0 0 0.4 0.4 0 0 1 1.5
Book NAV/Share(Rs) 15.02 17.77 21 19.42 23.85 25.5 30.58 31.45 32.66 41.43 52.91
Core EBITDA Margin(%) 10.98 11.09 10.45 11.43 12.09 12.27 11.54 8.27 8.97 9.69 11.71
EBIT Margin(%) 8.69 8.44 8.46 9.84 11.18 9.12 9.72 5.93 7 8.51 9.89
Pre Tax Margin(%) 7 6.91 7.1 9 10.06 7.93 9.03 5.54 6.57 7.57 8.96
PAT Margin (%) 4.87 4.94 4.75 5.78 6.74 6.38 6.71 4.05 4.76 5.72 6.78
Cash Profit Margin (%) 7.52 7.5 7.47 8.29 8.81 9.46 9.99 6.79 7.11 7.99 9.22
ROA(%) 8.75 8.36 8.18 12.05 12.48 10.3 10.47 7.25 9.54 11.75 13.66
ROE(%) 18.87 16.78 15.58 26.16 31.51 22.69 18.61 13.18 19.28 23.8 26.63
ROCE(%) 21.97 19.64 19.44 30.52 32.35 21.88 22.88 16.5 20.64 24.37 27.81
Receivable days 36.24 36.8 41 41.5 38.59 25.58 23.64 29.86 29.08 25.49 20.43
Inventory Days 26.24 37.56 39.51 24.56 18.81 20.94 23.72 21.2 19.64 19.84 20.32
Payable days 41.23 38.34 45.45 45.52 43.75 38.74 45.19 42.99 35.72 37.31 40.03
PER(x) 0 0 0 0 0 0 0 0 0 32.33 35.42
Price/Book(x) 0 0 0 0 0 0 0 0 0 6.88 8.41
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0.35 0.34
EV/Net Sales(x) 0.16 0.15 0.16 0.11 0.18 0.09 0.05 0.1 0.14 1.99 2.54
EV/Core EBITDA(x) 1.25 1.17 1.27 0.87 1.32 0.72 0.36 1.09 1.43 19.13 20.6
Net Sales Growth(%) 28.86 4.27 14.19 57.22 13.15 -7.88 -6.12 30.38 26.93 17.2 20.25
EBIT Growth(%) 37.59 1.58 14.43 67.52 25.61 -23.94 0.47 -21.29 49.45 42.88 39.65
PAT Growth(%) 23.77 6.19 9.82 75.03 28.94 -11.79 -0.72 -22.17 48.74 41.33 42.5
EPS Growth(%) 23.77 6.2 9.81 72.69 22.56 -17.77 -1.13 -20.86 51.58 41.33 42.5
Debt/Equity(x) 0.51 0.42 0.44 0.49 0.72 0.29 0.09 0.25 0.49 0.42 0.38
Current Ratio(x) 1.36 1.23 1.3 1.06 0.98 0.94 1.31 1.08 1.07 1.06 1.02
Quick Ratio(x) 0.9 0.79 0.74 0.77 0.63 0.5 0.83 0.72 0.7 0.7 0.62
Interest Cover(x) 5.13 5.54 6.21 11.69 9.99 7.65 14.17 14.98 16.17 9.05 10.72
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0.06 0.04

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 20% 21% 17% 16%
Operating Profit CAGR 43% 35% 16% 15%
PAT CAGR 43% 44% 18% 18%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 3% NA% NA% NA%
ROE Average 27% 23% 20% 21%
ROCE Average 28% 24% 22% 23%

Company Contact Information

ASK Automotive Ltd.

Flat No. 104,929/1 Naiwala, Faiz Road Karol Bagh

IPO Lead Manager(s)

ASK Automotive Ltd.

Axis Capital Ltd.

ICICI Securities Ltd

IIFL Securities Ltd.

JM Financial Ltd.

Registrar Info

ASK Automotive Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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