ASK Automotive Limited IPO: A Comprehensive Overview ASK Automotive Limited, established in 1988 by visionary entrepreneur Mr. Kuldip Singh Rathee, is making waves in the auto component manufacturing industry. The company specializes in producing vital components for motorcycles, scooters, cars, and trucks, supplying to major players in the two-wheeler industry like Honda Motorcycle and Scooter India and Hero MotoCorp. ASK Automotive is also expanding its global footprint by exporting products to 12 countries. As part of India's 'Make in India' initiative, ASK Automotive represents the nation's manufacturing prowess and exports quality products worldwide. Their manufacturing facilities boast top-notch certifications for quality and safety, ensuring reliability. The IPO for ASK Automotive Limited is set to open from November 7, 2023, to November 9, 2023. The IPO price ranges from Rs. 268 to Rs. 282 per share, with a total issue size of Rs. 834 Crores. While the company won't benefit financially from the IPO, investors can purchase shares based on their belief in ASK Automotive's potential. Investors considering this IPO should weigh the company's strengths, like its trusted position in the industry and expertise in lightweight product manufacturing, against potential weaknesses, such as customer concentration and supplier dependencies. Ultimately, the decision to invest in the ASK Automotive Limited IPO hinges on individual risk tolerance and investment objectives. It's advisable to consult a financial advisor and conduct thorough research before making an investment commitment.
Read the Complete IPO Blog of ASK Automotive LTD IPO.
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