ASK Automotive IPO: Check allotment date, allotment status, listing date here

10 Nov 2023 , 08:26 AM

After the robust response to the ASK Automotive IPO, investors who participated in the offering eagerly await the allotment status, which is set to be finalized by November 10. 

Interested participants can check their share allotment status through the IPO registrar portal, Link Intime India, or the BSE website. Essential details such as the application number and PAN details will be required to access the ASK Automotive IPO allotment status.

Given the overwhelming response from investors, the shares will be distributed proportionately. The IPO, valued at Rs 834 crore, witnessed significant demand, with subscription rates reaching 51.14 times during the November 7-9 offering period. The bids received amounted to 105.85 crore equity shares against an available offer size of 2.07 crore shares. The total value of the bids stood at Rs 29,851.7 crore, excluding the anchor book.

The company managed to secure Rs 250 crore from anchor investors a day before the IPO opening, reflecting positive investor sentiment. All categories of investors participated, with notable fervor seen from qualified institutional buyers and high net worth individuals, subscribing at 142.41 times and 35.47 times the allotted quota, respectively. Retail investors also showed strong interest, bidding 5.7 times their designated portion.

With the shares expected to commence trading on both the BSE and NSE from November 15, investors eagerly await the allotment to track the development of the IPO. The price band for the IPO was set at Rs 268-282 per share.