This is in continuation of the Exchange notice no. 20240925-33 dated September 25, 2024, whereby Kuldip Singh Rathee (“The Seller”), Promoter of Ask Automotive Limited (“The Company”) proposes to sell up to 1,08,42,843 equity shares of the Company of face value of Rs. 2.00 (representing up to 5.50% of the total paid equity share capital of the Company) (hereinafter referred to as “Sale Shares”) on September 26, 2024 (“T Day”) (for Non-Retail Investors only) and on September 27, 2024 (“T+1 Day”) (for Retail Investors and for Non-Retail Investors from T Day, who choose to carry forward their un-allotted bids) (with an option to additionally sell up to 10,84,284 equity shares i.e., 0.55% of the paid up equity share capital of the Company (the “Oversubscription Option”), (hereinafter be referred to as “Offer Shares”) and in the event if the Oversubscription Option is exercised, the Oversubscription Option will the equity shares forming part of the base offer size and Oversubscription Option will represent 6.05% of outstanding issue and paid up equity shares of the company that is 1,19,27,127 equity shares. In case the Oversubscription Option is not exercised, the equity shares forming part of the Base Offer Size will hereinafter be referred to as “Offer Shares” through a separate, designated window of BSE and NSE (together with BSE, the “Stock Exchanges”), collectively representing 6.05% of total paid up equity share capital of company, and such offer hereinafter referred as the “Offer”)
In this connection, the seller wishes to exercise the Oversubscription Option to extent of 10,84,284 equity shares (representing 0.55% of the total paid up equity share of the company) in addition to 1,08,42,843 equity shares of the Company, (representing 5.50% of total paid up equity share capital of the company) forming part of the Base offer size. Accordingly, the total Offer Size will be up to 1,19,27,127 equity shares (representing 6.05% of total paid up equity share capital of the company) of which 11,92,713 would be available as part of the offer for Retail Category on T+1 day i.e. September 27, 2024.
Mangesh Tayde
Deputy General Manager
Listing Business Relationship
September 26, 2024 |