In this article, we will discuss in detail about the ASK Investment Managers IPO dates, size, allotment status, ASK Investment IPO subscription, grey market premium, and its company’s financial status that will help you to conclude whether you should invest or subscribe for this IPO or not.
| Open Date | NA |
| Close Date | NA |
| IPO Price Band | NA |
| Face Value | Rs. 2 |
| No. of Shares | NA |
| Share Price | NA |
| Share premium | NA |
| IPO Size | NA |
Summary – ASK Investment Managers Limited
Ask Investment Managers is a leading asset and wealth management company, primarily catering to the HNI and UHNI markets in India. CRISIL Research notes that the company is one of the first companies to obtain a portfolio management services license in India.
According to CRISIL Research, the company was the third largest company in both discretionary listed equity portfolio management services and discretionary equity overall portfolio management services according to assets under management as of May 30, 2018.
The Issue comprises a Public Issue of [●] Equity shares of the face value of Rs.10.00 each fully paid up.
The Promoter of this company is Mr. Asit Koticha and Mr. Sameer Koticha. The lead manager to the issue is JM Financial, Axis Capital, Citigroup Global Markets India Private Limited, and Nomura Financial Advisory and Securities (India) Private Limited, and the Registrar to this issue is Link Intime India Private Limited.
ASK Investment Managers IPO Review
From fiscal 2016 to 2017, the company’s revenue from operations and net profit increased at a growth rate of 49.97% and 22.66 %, respectively.
For the period ended March 31, 2018, FY 2016-17 and FY 2015-16, its revenue from operations was Rs. 4,516.29 Million, Rs. 3,201.61 Million, and Rs. 2,134.78 Million, respectively representing growth of 41.06% from the FY 2017-18 to FY 2016-17.
For the period ended March 31, 2017, FY 2016-17 and FY 2015-16 the net profit was Rs1,886.09 Lakhs, Rs. 1,081.43 Million, and Rs. 881.64 million, respectively, representing a growth of 22.66% from the FY 2015-16 to FY 2016-17.
- During the financial year 2017-18, the Other Income of the company increased to Rs. 132.33 Million as against Rs. 126.40 Million for the financial year 2016-17, representing an increase of 4.69% due to an increase in interest income & insurance claim in FY 2017- 18.
- Company’s Net Profit after tax for the year 2016-17 is Rs.1,212.03 Millions from the year 2015-16 of Rs. 772.75 Million showing an increase of 56.9% from last year, showing remarkable performance.
ASK Investment Managers IPO Date
The opening and closing date of ASK Investment Managers IPO is NA.
ASK Investment Managers IPO Subscription
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The shares subscribed by the public will be updated here.
ASK IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
ASK Investment IPO Grey Market Premium
The ASK Investment Managers IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
ASK Investment Managers IPO Price
The face value of each share is Rs 2, but the price band of the IPO is not yet disclosed.
ASK Investment Managers IPO Issue Size
Issue of Equity Shares of the face value of Rs.2/- each.
ASK Investment Managers – Company Overview
Ask Investment Managers is a leading asset and wealth management company, primarily catering to the HNI and UHNI markets in India. CRISIL Research notes that the company is one of the first companies to obtain a portfolio management services license in India.
According to CRISIL Research, the company was the third-largest company in both discretionary listed equity portfolio management services and discretionary equity overall portfolio management services according to assets under management as of May 30, 2018.
As part of the wealth advisory and distribution segment, we seek to partner with our clients to help them meet their long-term financial goals around wealth creation and preservation and transfer to the next generation.
Their wealth advisory and distribution segment offers both in-house and third-party products primarily to the HNI and HNI clients, depending on their requirements and preferences. They also provide bespoke family office services to certain clients.
They provide advice to clients in three broad asset classes: equity, alternate, and income. As of March 31, 2018, 50.80% of the AUM for the wealth advisory and distribution business was in the equity asset class, which shows that the business is oriented towards the asset class preferred by HNI and UHNI clients for long-term growth.
The Company caters to the investment requirements of its HNI and UHNI clients through the following three business segments:
- asset management, which primarily includes equity investment management and advisory; property investment management and advisory;
- wealth advisory and distribution;
- non-banking financial company business, which recently commenced commercial operations in 2018.
ASK Investment Managers – Company Financials
Based on the Standalone statement:-
| Amount (in INR & Millions) | |||
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Total Assets | 5,281.64 | 4,550.2 | 3,008.16 |
| Total Revenue | 3,466.19 | 2,634.98 | 1,558.80 |
| Total Expense | 2,070.45 | 1,833.81 | 1,012.43 |
| Profit After Tax | 908.83 | 450.34 | 369.78 |
ASK Investment Managers IPO Lead Managers
| Lead Managers |
| JM Financial Limited
Axis Capital Limited Citigroup Global Markets India Private Limited Nomura Financial Advisory and Securities (India) Private Limited |
ASK Investment Managers IPO Registrar to Offer
| Registrar to the Offer |
| LINK INTIME INDIA PRIVATE LIMITED C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai – 400 083, India Tel: +91 22 49186200; Fax: +91 22 4918 6195 Website: www.linkintime.co.in Email: electra.ipo@linkintime.co.in Investor Grievance Id: electra.ipo@linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration Number: INR000004058 |
ASK Investment Managers IPO Conclusion
ASK Investment Managers IPO News
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