ASK Automotive Ltd (Ticker: ASKAUTOL IN), operating in the Automotive/Truck Parts & Equipment - Original industry, announced its Initial Public Offering on 10/30/2023. The company, based in India, specializes in manufacturing advanced braking systems, aluminum lightweighting precision solutions, and safety control cables for automotive and non-automotive applications. ASK Automotive serves a wide range of markets, including OEMs, OES, independent aftermarkets, and exports, with 14 manufacturing facilities across India.

The IPO is set to raise INR 8.34B (USD 100.17M) with an offer price of INR 282.00 (USD 3.3874) per share, within the expected price range of INR 268.00 - 282.00 (USD 3.22 - 3.39). The offer comprises 29.57M shares, and the expected listing date is 11/15/23 on the National Stock Exchange of India. The Market Capitalization at offer is INR 55.59B (USD 667.80M). The IPO's book running lead managers are JM Financial Limited, Axis Capital Limited, ICICI Securities Limited, and IIFL Securities Limited, with Link Intime India Private Ltd serving as the registrar for the issue.