ASK Automotive IPO day 1: Issue subscribed 38%, retail portion booked 56%

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₹268 to ₹282 per equity share of face value of ₹2. ASK Automotive IPO has reserved not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 35% of the offer is reserved for Retail Investors. On day 1, Ask Automotive IPO retail investors portion was subscribed 56%, NII portion was subscribed 41%, and Qualified Institutional Buyers (QIB) portion was booked 3%.

Also Read: ASK Automotive IPO: GMP, subscription status, review, other details. Apply or not? Ask Automotive IPO has received bids for 78,60,430 shares against 2,06,99,974 shares on offer, according to data from the BSE. ASK IPO retail investors' portion received bids for 58,32,968 shares against 1,03,49,987 shares on offer for this segment.

Ask Automotive IPO's non-institutional investors' portion received bids for 18,30,461 shares against 44,35,709 on offer for this segment. ASK IPO's Qualified Institutional Buyers (QIBs) portion received bids for 1,97,001 shares against 59,14,278 shares on offer for this segment. Also Read: ASK Automotive IPO opens on November 7, price band set at ₹268-282 per share The total offer size of up to 29,571,390 equity shares with a face value of ₹2 each is being offered by Kuldip Singh Rathee up to 20,699,973 equity shares and Vijay Rathee (promoter selling stockholders) up to 8,871,417 equity shares.

The offer's book running lead managers are JM Financial Limited, Axis Capital Limited, ICICI Securities Limited, and IIFL Securities Limited. Link Intime India Private Ltd is the registrar for the issue. As per red herring prospectus (RHP), the company's comparable listed peer are Endurance Technologies Ltd (with P/E of 46.36),