Categories: News

ASK Automotive IPO Listing: Share Market of Ask Automotive

ASK Automotive IPO Listing: Ask Automotive Limited is an auto accessories company which has got listed in the domestic stock exchange today. Ask Automotive Limited is listed on BSE with a premium of 8 percent.

Its shares are listed on BSE at Rs 304.90 and this is an 8 percent premium compared to its issue price of Rs 282. Investors have made a profit of Rs 22.90 per share on the shares received in the company’s IPO.

Good listing on NSE also

Shares of Ask Automotive Limited are listed on NSE at Rs 303.30 per share and this represents a profit of Rs 21.30 per share against the issue price of Rs 282.

What does Ask Automotive Ltd do?

Ask Automotive Limited manufactures a variety of vehicle parts. Ask Automotive’s client list includes many renowned automobile companies in India and abroad.

Its status is special among the auto accessory companies of the country because it dominates the market of brake shoes and advanced braking systems. In the case of two-wheelers, Ask Automotive has 50 percent market share of brake-shoes and advanced braking systems.

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