ASK Automotive IPO
ASK Automotive Limited (ASKAUTOLTD) · mainboard IPO on NSE and BSE. Listed on 15 November 2023.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +25.8% (likely range +23% to +52%), day's high +42.2%, chance of a gain 92%. Actual: +7.5% at the open, +12.3% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 59,14,278 | 84,22,28,565 | 142x | |
| NII (HNI) total | 44,35,709 | 15,73,47,778 | 35.5x | |
| Big NII (above ₹10 lakh) | 29,57,139 | 12,16,29,011 | 41.1x | |
| Small NII (₹2-10 lakh) | 14,78,570 | 3,57,18,767 | 24.2x | |
| Retail | 1,03,49,987 | 5,90,16,613 | 5.70x | |
| Total | 2,06,99,974 | 1,05,85,92,956 | 51.1x |
Bids on NSE and BSE together, as published by NSE, as of 09 Nov 2023, 07:00 PM. Shares offered exclude the anchor portion.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to ASK Automotive's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Jupiter Life Line HospitalsSep 2023 | 187x | 34.8x | 7.73x | 63.7x | ₹886 Cr | +32.4% | +50.9% |
| Campus ActivewearApr 2022 | 152x | 22.3x | 7.68x | 51.8x | ₹1,400 Cr | +23.3% | +43.1% |
| Yatharth Hospital and Trauma Care ServicesJul 2023 | 85.1x | 37.2x | 8.34x | 36.2x | ₹705 Cr | +2.0% | +14.4% |
| Kaynes Technology IndiaNov 2022 | 98.5x | 21.2x | 4.10x | 34.2x | ₹872 Cr | +32.5% | +33.9% |
| SBFC FinanceAug 2023 | 193x | 49.1x | 11.0x | 70.2x | ₹1,082 Cr | +43.9% | +67.5% |
| Cello WorldNov 2023 | 109x | 24.4x | 3.06x | 38.9x | ₹2,068 Cr | +27.9% | +29.2% |
Frequently asked
What is the ASK Automotive IPO price band and lot size? ₹268–282 per share.
How many times has it been subscribed? 51.1x overall: QIB 142x, NII 35.5x, retail 5.70x.
How did it list? It opened at ₹303, +7.5% against the issue price of ₹282, and closed its first day +10.0%.
