The listing was lukewarm even though the IPO was subscribed 23.86 times during the November 6-8 period. The price band for the issue was fixed at Rs 752-792 a share
Analysts are positive on ASK Automotive IPO given the company s strong growth potential, professional management and competitive advantage. The offer comprises entirely an offer for sale (OFS) of up to 2.95 crore equity shares.
ASK Automotive has 15 manufacturing units spread across five states in India as of June 2023. ASK Automotive supplies to original equipment manufacturers.