The Ask Automotive Limited IPO was subscribed over 51 times at the end of final day and its allotment is expected to be announced soon. According to the official RHP document, Ask Automotive IPO allotment date is 15th November, 2023. However, with many companies following the T+2 rule for listing, it’s expected that basis of allotment will be finalised within 2 days and the allotment status may be available to check on 11th or 12th November. Link Intime is the registrar for Ask Automotive Limited IPO.
Ask Automotive IPO Allotment and Listing Dates
- Basis of Allotment: The official date is 15th November. But the allotment is expected sooner than that given the recent trends of companies vying to meet SEBI’s T+3 days rule for listing.
- Refunds and Credit of Shares: The initiation of refunds and credit of shares to the Demat accounts will be done on 16th and 17th November respectively. These are done within 2 days of the allotment finalisation.
- Listing: The IPO listing date for Ask Automotive Limited is 20th November, 2023.
The dates are tentative and could change.
How to check Ask Automotive IPO allotment status
The investors can check the allotment status on the website of its registrar Link Intime Private Limited’s website linkintime.co.in or visit this link.
Ask Automotive IPO Subscription Status
By the end of its final day, Ask Automotive IPO was subscribed a total of 51.14 times with QIBs subscribing 142.41 times, NIIs 35.47 times and retail investors subscribing 5.70 times. The IPO witnessed subscription for 1,058,543,613 shares against 20,699,972 on offer.
Ask Automotive IPO GMP Today
The grey market premium (GMP) today for the Ask Automotive IPO is faring at Rs 50 (17.73%) in the unofficial market. The issue’s price band is Rs 268 – Rs 282 per share. This indicates a positive sentiment in the unofficial market, observers say. However, Ask automotive GMP is only an indicator and not the official listing price.
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