ASK Investment sets ball rolling for India IPO

By Jonathan Breen
08 Aug 2018

ASK Investment Managers has filed a draft prospectus with India’s securities regulator as it plans to go public through an IPO of new and existing stock.

The float will comprise an issue of Rp6bn ($87.4m) in fresh capital and an offer-for-sale of 18m secondary shares. Investor AI Global and promoter Sameer Koticha will provide 13.6m and 4.4m for the OFS, respectively.

ASK has lined up JM Financial as left lead for the deal and ...

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