ASK Auto suges 8% in debut trade

New Delhi: Shares of ASK Automotive Ltd listed with a premium of more than eight per cent on Wednesday against the issue price of Rs282. The stock made its debut at Rs304.90, registering a gain of 8.12 per cent from the issue price on the BSE. It further rallied 10.54 per cent to Rs 311.75. On the NSE, it listed at Rs303.30, a jump of 7.55 per cent.

The company’s market valuation stood at Rs6,022.71 crore. The Initial Public Offering (IPO) of ASK Automotive was subscribed 51.14 times on the last day of subscription on Thursday, with heavy participation coming in from institutional buyers. The Rs 833.91 crore initial share sale had a price band of Rs 268-282 per equity share.