ASK Automotive IPO subscribed 51x on final day
The portion reserved for qualified institutional buyers was subscribed 142.41 times, while the non-institutional or high-net-worth investors' segment was subscribed 35.47 times. The retail portion was subscribed 5.7 times.
By ET Bureau | Updated:
ETMarkets.com
Mumbai: The ₹832-crore initial public offering of ASK Automotive, a manufacturer of advanced braking systems, was subscribed 51.02 times on the final day .
The portion reserved for qualified institutional buyers was subscribed 142.41 times, while the non-institutional or high-net-worth investors' segment was subscribed 35.47 times. The retail portion was subscribed 5.7 times.
JM Financial, Axis Capital, ICICI Securities, and IIFL Securities were the bankers to the offer. The IPO was an Offer For Sale (OFS) component of 2,95,71,390 equity shares by promoters - Kuldip Singh Rathee and Vijay Rathee.
The portion reserved for qualified institutional buyers was subscribed 142.41 times, while the non-institutional or high-net-worth investors' segment was subscribed 35.47 times. The retail portion was subscribed 5.7 times.
JM Financial, Axis Capital, ICICI Securities, and IIFL Securities were the bankers to the offer. The IPO was an Offer For Sale (OFS) component of 2,95,71,390 equity shares by promoters - Kuldip Singh Rathee and Vijay Rathee.
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