In this article, we are going to look at the ASK Automotive IPO listing date. Regarding the ASK Automotive IPO listing date, the GMP experts have predicted a decent debut of shares. The Grey market is signaling the ASK Automotive IPO listing price which might be around Rs. 310 per share levels. The IPO date has been declared on the 15th November 2023, Wednesday. The listing date of the initial public offering (IPO) of ASK Automotive Ltd has been officially fixed for today. The official information is available on the official site of BSE. But here in this article, we have presented all the information regarding the ASK Automotive IPO listing date. So read this article till the end and do not miss anything.
The ASK Automotive IPO has been fixed for today officially. According to the Bombay Stock Exchange (BSE), the effects for 15th November 2023, Wednesday, the equity shares of ASK Automotive Lts might be listed and also admitted to deal on the exchange in the list of the Group of Securities B. BSE notice has gone on to add that the ASK Automotive IPO listing is going to officially take place in the special pre-open session at the time of the Wednesday deals.
As per the stock market experts, the public issue has received a very great response from the investors mostly in the QIB segment, They have claimed that the fundamentals of the company are attractive. They have maintained that the higher valuation and 100% offer for sale (OFS) might be limited in the listing gains. There is a maintenance in the market mood to hold the key as the primary market had now lost the sheen as is visible around three months ago. Market experts had maintained that the allotte might expect approximately 10% listing premium as the ASK Automotive IPO listing price is expected to be around Rs. 302 to Rs. 312 per share range. Continue reading till the end.
I give some predictions on the ASK Automotive IPO listing price. The Head of Research at Profitmart Securities, Avinash Gorakshkar has claimed that the fundamentals of ASK Automotive Ltd are now attractive but on the other hand, the valuation is going higher. But despite that the issue is completely 100% OFS which is of the limit premium for the allottees. The company is in a good position and the segment is now expected to do great in the medium to short term. But we can expect around 8 to 10 % listing gain from the public offer.