ASK Automotive files draft papers with Sebi to mop up funds via IPO
时间:2024-06-29 03:50:13 阅读(143)
ASK Automotive has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO is entirely an offer for sale (OFS) of 2,95,71,390 equity shares by promoters — Kuldip Singh Rathee and Vijay Rathee — according to the draft red herring prospectus (DRHP).
At present, Kuldip holds a 41.33 per cent stake in ASK Automotive and Vijay owns a 32.3 per cent stake in the firm. Since the IPO is completely an OFS, the entire proceeds will go to the selling shareholders and the company will not receive any funds from the issue.
The company has clients, including TVS Motor Company Ltd, Hero MotoCorp, Greaves Electric Mobility and Bajaj Auto.JM Financial Ltd, Axis Capital Ltd, ICICI Securities Ltd, and IIFL Securities Ltd are the book-running lead managers to issue. The equity shares are proposed to be listed on the BSE and NSE.
猜你喜欢
- Blackstone’s Nexus Select Trust REIT IPO- Price band set at Rs 95-100 per unit; Rs 3200 cr issue opens 9 May
- Buy gold if CPI inflation remains high, support at Rs 51100 per 10 gm in MCX for next week
- Emerging Contours of US FED November Policy
- Tata Motors shares hit new 52-week high, up 4
- Sun Pharmaceuticals rating- Buy - Specialty sales boost prospects
- Ethos raises Rs 142-cr from anchor investors including Nomura Singapore; IPO opens, should you subscribe-
- BPCL, Grasim Industries among 223 stocks to hit
- Extension of RoSCTL scheme for 3 years a dire necessity- AEPC to govt
- Tata Power shares soar to 52-Week high as JM Financial Upgrades Rating to ‘Buy’; Check the brokerage call