ASK Automotive IPO Day 3: Issue subscribed over 20 times so far; QIB portion booked 47x
₹834-crore worth ASK Automotive IPO, which opened for public subscription on November 7, ends today, November 9. ASK Automotive is a manufacturer of Advance Braking Systems for two-wheelers in India.
The company supplies its products to Original Equipment Manufacturers and has 15 manufacturing units spread across five states in India. Read here: ASK Automotive IPO: Check out 10 key things to know from RHP before investing Let us check ASK Automotive IPO subscription status, GMP and other key details: ASK Automotive IPO has been subscribed 20.79 times so far on Thursday, the third and the last day of the bidding process.
The public issue received bids for 43.02 crore equity shares as against 2.06 crore shares on the offer, as per data available on NSE at 2:20 pm. The public issue subscribed 4.02 times in the retail category, 47.89 times in Qualified Institutional Investors’ (QIB) category, and 23.78 times in the Non-Institutional Investors’ (NII) category so far.
(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) ASK Automotive IPO GMP today, or grey market premium today, has dropped to ₹45 per share, as per market observers. This shows that the equity shares of ASK Automotive are trading at a premium of ₹45 apiece in the grey market.
The estimated ASK Automotive share listing price, after taking into consideration the GMP today and the issue price, would be ₹327 per share, indicating a premium of nearly 16% to the issue price of ₹282 per share. Also Read: TBO Tek IPO: Firm files DRHP with SEBI to raise ₹400 crore, offer for sale for 1.56 crore shares ASK Automotive IPO opened for subscription on November 7 and will close
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