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ASK Automotive Limited IPO Subscriptions Status Live Today

 

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ASK Automotive Limited IPO

November 07, 2023 - November 09, 2023 Closed
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ASK Automotive Limited IPO Details

Issue Open

07 November 2023

Issue Close

09 November 2023

IPO Price

₹268 - ₹282 per equity share

Face Value

₹2 per equity share

IPO Size

₹834.00 Cr.

Listing At

NSE, BSE

IPO Lot Size

53 shares


IPO Investor Categories


• Qualified Institutional Buyers (QIB)- Qualified Institutional Buyers (QIBs) are typically large, financially sophisticated investors, such as mutual funds, insurance companies, pension funds, and hedge funds, who are considered to have the expertise and resources to evaluate investment opportunities. QIBs are required to meet certain financial criteria set by the Securities and Exchange Board of India (SEBI) to participate in an IPO, and they are allowed to bid for shares at a price lower than the price at which shares are offered to retail investors.


• Non-Institutional Investors (NII) - Non-Institutional Investors (NIIs), on the other hand, are typically individual investors, High Net Worth Individuals (HNIs), or corporate bodies who do not meet the financial criteria to be classified as QIBs. They are allowed to participate in an IPO at the same price as retail investors.


NII category has two subcategories:


1. sNII - "sNII" stands for "Small Non-Institutional Investor." This subcategory includes investors who have bid for shares worth between Rs. 2 lakhs and Rs. 10 lakhs in an IPO.


2. bNII - "bNII" stands for "Big Non-Institutional Investor." This subcategory includes investors who have bid for shares worth more than Rs. 10 lakhs in an IPO.


• Retail Individual Investors (RII) - Retail Individual Investors (RIIs) are individual investors who apply for shares worth up to Rs. 2 lakhs in an IPO, aimed at encouraging retail participation in the IPO process.


• Employee (EMP)- The Employee (EMP) category in an IPO is reserved for the employees, directors, and business associates of the issuer company, and the allocation of shares to this category is determined by the issuer company and the lead manager of the IPO.

• Others- A category of eligible shareholders or other investors who have a reserved quota in the IPO.


Frequently Asked Question

You can apply for an IPO from any place by using the internet as it is an online process. You can apply for an IPO using 2 methods i.e., ASBA and UPI. ASBA facility is provided by your bank and UPI method is offered by your stock broker. You can invest in ASK Automotive Limited IPO by using any one of these methods at your convenience.
ASK Automotive Limited IPO is going to open on 07 November 2023.
IPOs can be volatile, and the stock price may fluctuate significantly in the initial days of trading. Investing in IPOs carries risks, and it's essential to thoroughly research the company before investing.
Usually, you can apply through the brokerage firms that are designated by the company and its underwriters to handle the IPO process.
The company hires investment banks to underwrite the IPO, determining the offering price and the number of shares to be issued. The shares are then sold to the public through the stock market.
Link Intime India Private Limited the registrar of ASK Automotive Limited IPO.
Pre-issue shareholdings of ASK Automotive Limited IPO promoters are 100%
Face value of equity shares of ASK Automotive Limited IPO is ₹10.
The meaning of " ASK Automotive Limited IPO GMP " is the Grey Market Premium (GMP) for the initial public offering (IPO) of ASK Automotive Limited IPO on the current day.
Market lot size of the ASK Automotive Limited IPO is 53 shares.
ASK Automotive Limited IPO will be closed on 09 November 2023.
ASK Automotive Limited IPO will get listed on November 20, 2023.
Price of 1 share of ASK Automotive Limited IPO is ₹268 to ₹282.
If you do not get the allotment of ASK Automotive Limited IPO shares, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
You will receive the allotted shares in your Demat account on November 15, 2023.
Companies go public to raise capital for expansion, acquisitions, or to pay off debt. It also provides early investors and employees with an opportunity to sell their shares.
ASK Automotive Limited IPO shares will get listed at NSE, BSE.
Post-issue shareholdings of ASK Automotive Limited IPO promoters are [.]%.
You can apply for an IPO from any place by using the internet as it is an online process. You can apply for an IPO using 2 methods i.e., ASBA and UPI. ASBA facility is provided by your bank and UPI method is offered by your stock broker. You can invest in ASK Automotive Limited IPO by using any one of these methods at your convenience.
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