ASK Investment Managers IPO – Dates, Allotment, Bid Details, Subscribe, Price & Size

In this article, we will discuss in details about the ASK Investment Managers IPO dates, size, its 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 DateNA
Close DateNA
IPO Price BandNA
Face ValueRs. 2
No. of SharesNA
Share PriceNA
Share PremiumNA
IPO SizeNA

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Summary – ASK Investment Managers Limited

ASK Investment Managers IPOAsk Investment Managers is a leading asset and wealth management company, primarily catering to the HNI and UHNI market 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 of a Public Issue of [●] Equity shares of 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 has 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 by 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 the closing date of ASK Investment Managers IPO is NA.


ASK Investment Managers IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day – 
3rd Day – 
4th Day – 
5th Day – 
Shares Offered or Net Issue

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 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 market 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 the 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 cater to the investment requirements of their HNI and UHNI clients through the following three business segments: 

  • asset management, which primarily includes the equity investment management and advisory; and 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

On the basis of Standalone statement:-

Amount (in INR & Millions)
31-Mar-1831-Mar-1731-Mar-16
Total Assets5,281.644,550.23,008.16
Total Revenue3,466.192,634.981,558.80
Total Expense2,070.451,833.811,012.43
Profit After Tax908.83450.34369.78

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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