ASK Investment Managers Limited
vs. prev. close ₹935
52W High
₹1,185
52W Low
₹775
Market cap
₹6,780 Cr
IPO stage
No DRHP filed
Risk level
Low
CIN
U65993MH2004PTC147890
Price History
52W High
₹1,185
52W Low
₹775
About ASK Investment Managers Limited
ASK Investment Managers Limited is a diversified, institutionally-backed asset and wealth management group with Rs 77,530 crore in AUM and a newly granted mutual fund license. FY26 profit declined sharply off an unusually strong FY25 base, a pattern investors should separate from the business's longer-run growth trajectory.
Short Version :
ASK Investment Managers Limited, a Mumbai-based diversified wealth and asset management group, operates across three business lines: ASK Asset Management Company (PMS and, following SEBI's final approval received during FY26, a new mutual fund business), ASK Private Wealth (HNI/UHNI/NRI wealth management, gross AUM Rs 54,891 crore across 4,200+ families), and ASK Alternates (private credit, hedge solutions and real assets under its AIF platform). Total AUM stood at Rs 77,530 crore as of March 31, 2026. Revenue from operations fell 16.26% to Rs 869.03 crore in FY26 (FY25: Rs 1,037.72 crore) amid muted equity markets, while consolidated PAT dropped sharply to Rs 97.23 crore (FY25: Rs 443.55 crore), largely reflecting an unusually strong FY25 base that included a one-off tax credit. The company-stated EPS, computed on its disclosed basic weighted-average share basis (based on profit attributable to owners of the group), was Rs 11.67 in FY26 (FY25: Rs 51.86). On a closing-equity, whole-Group basis, Book Value per Share stood at Rs 195.95 (FY25: Rs 208.15) and Return on Equity at 5.67% (FY25: 24.46%), with the FY26 figures depressed by the same base-effect profit decline.
Why It Trades Where It Does :
ASK Investment Managers carries the pricing profile of an established, diversified asset and wealth manager with a long AUM growth track record (20% AUM CAGR and 22% revenue CAGR over FY2010-FY2026, by the company's own disclosure) and a newly granted mutual fund license that extends its addressable market. That growth narrative sits against a FY26 in which profit fell sharply off an unusually strong FY25 comparison base and revenue softened alongside weaker equity markets, so near-term earnings and return ratios understate the business's longer-run earning power. Majority ownership is concentrated with institutional shareholder BCP Topco XII Pte Ltd (63.64%) alongside promoter holdings, which shapes both governance dynamics and the free float available to minority investors on the Priveq Marketplace.
Top Risk :
Consolidated PAT fell 78.1% year-on-year to Rs 97.23 crore (FY25: Rs 443.55 crore), driven substantially by a large swing in tax expense (FY25 included a net tax credit versus a Rs 66.64 crore tax charge in FY26) rather than purely operational deterioration, meaning FY25 is not a reliable year-on-year comparison base.
Revenue from operations declined 16.26% to Rs 869.03 crore amid muted equity markets (the company's own commentary notes the Nifty 50 fell approximately 5% during FY26), underscoring the business's sensitivity to market cycles given that a meaningful share of AMC, PMS and wealth revenue is linked to AUM levels and performance fees.
FY26 dividend payments of Rs 226.89 crore significantly exceeded profit attributable to owners of Rs 101.91 crore for the year, meaning the distribution was funded from accumulated reserves rather than current-year earnings.
Majority ownership is concentrated with a single institutional shareholder, BCP Topco XII Pte Ltd (63.64%), plus promoter holdings of Sameer Koticha (9.55%) and Fortress Trust (7.43%), leaving a relatively thin float among other shareholders.
The group operates across multiple SEBI-registered activities (asset management, PMS, AIF, investment advisory, and now mutual funds), so any adverse regulatory or compliance development across these registrations could affect operations; the statutory auditors also flagged a gap in audit-trail (edit-log) control verification for the third-party-operated payroll software.
Top Opportunities :
Total AUM reached Rs 77,530 crore as of March 31, 2026, with the group citing a 20% AUM CAGR and 22% revenue CAGR over FY2010-FY2026, a long and scalable growth track record.
SEBI granted final approval during FY26 for ASK to enter the mutual fund business, opening a large new addressable market alongside its existing PMS, AIF and wealth offerings.
The wealth management franchise grew gross AUM to Rs 54,891 crore with approximately 70% growth in gross inflows and now serves over 4,200 families, backed by an expanded relationship-manager team (115 to 156) and research/analyst team (11 to 23).
The alternates platform continues to scale, including new REIT/InvIT fund-of-funds launches, GIFT City structures enabling global and NRI investing, and a luxury real-estate strategy with Sotheby's International Realty that scaled to approximately Rs 585 crore.
India's structural wealth-creation and financialisation-of-savings trends, including record mutual fund SIP inflows, an AIF industry that crossed Rs 16.94 lakh crore in commitments, and over 22.5 crore demat accounts, provide a durable sector tailwind across all three of the company's business lines.
Disclaimer :
Priveq.in is an informational platform for unlisted and pre-IPO shares, operated by Priveq Investech Private Limited (the named counterparty on transactions). Unlisted shares carry risks including illiquidity, valuation uncertainty, and limited regulatory disclosure. This page is informational only and does not constitute investment advice.
Company Details
Industry
Asset and Wealth Management
Founded
2004
Headquarters
Mumbai, Maharashtra, India
Min Lot Size
50
Face Value
₹2.00
Shares Outstanding
8,74,90,163
Regulatory Information
Corporate Identity Number (CIN)
U65993MH2004PTC147890
PAN Number
AAFCA2302P
ISIN
INE925L01025
Depository
NSDL & CDSL
Registrar & Transfer Agent (RTA)
Link Intime
Key Valuation Ratios
Valuation
Market Cap
₹6,780.49 Cr
P/E Ratio
69.74×
P/S Ratio
7.80×
P/B Ratio
3.96×
EV / EBITDA
33.92×
Returns & Per Share
ROE
5.67%
EPS
₹11.11
Book Value / Share
₹195.95
Solvency
Debt / Equity
0.03×
Interest Coverage
19.21×
Company Fundamentals
As of FY2026 Annual · updated 06 Nov 2026Gross Profit
₹869.03 Cr
EBITDA
₹198.55 Cr
Revenue Growth
-16.26%
Profit Margin
11.19%
Performance Trends
5 annual periods · derived from filed statements
Revenue
₹ Cr
Net Profit
₹ Cr · losses in red
Earnings Per Share
₹ per share
Return on Equity
ROE %
Return on Capital Employed
ROCE %
Debt-to-Equity
0.03×
EBITDA Margin
22.85%
Interest Coverage
19.21×
Financial Statements
| Line item | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Total Income | |||||
| Revenue from operationsDisclosed | 909.55₹ Crore | 936.07₹ Crore | 1,062.51₹ Crore | 1,037.72₹ Crore | 869.03₹ Crore |
| Other incomeDisclosed | 36.26₹ Crore | 37.71₹ Crore | 58.21₹ Crore | 74.47₹ Crore | 39.27₹ Crore |
| Total IncomeDerived | 945.81₹ Crore | 973.78₹ Crore | 1,120.72₹ Crore | 1,112.19₹ Crore | 908.3₹ Crore |
| Expenses | |||||
| Cost of goods soldDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Purchases of stock-in-tradeDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Changes in inventoriesDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Employee benefits expenseDisclosed | 239.78₹ Crore | 175.15₹ Crore | 231.95₹ Crore | 274.64₹ Crore | 370.52₹ Crore |
| Finance costsDisclosed | 2.67₹ Crore | 2.73₹ Crore | 2.7₹ Crore | 5.05₹ Crore | 9₹ Crore |
| Depreciation and amortization expenseDisclosed | 14.81₹ Crore | 15.92₹ Crore | 10.28₹ Crore | 16.4₹ Crore | 25.68₹ Crore |
| Manufacturing expensesDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Operating expensesDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Other expensesDisclosed | 278.38₹ Crore | 340.28₹ Crore | 360.54₹ Crore | 386.97₹ Crore | 332.28₹ Crore |
| Total ExpensesDerived | 535.64₹ Crore | 534.08₹ Crore | 605.47₹ Crore | 683.06₹ Crore | 737.48₹ Crore |
| Profit | |||||
| Exceptional itemsDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | -6.95₹ Crore |
| Profit before taxDerived | 410.17₹ Crore | 439.7₹ Crore | 515.25₹ Crore | 429.13₹ Crore | 163.87₹ Crore |
| Current tax expenseDisclosed | 100.03₹ Crore | 75.59₹ Crore | 126.82₹ Crore | 121.09₹ Crore | 91.09₹ Crore |
| Deferred tax expenseDisclosed | -4.24₹ Crore | 28.26₹ Crore | -14.17₹ Crore | -16.06₹ Crore | -23.96₹ Crore |
| Tax expenseDisclosed | 95.79₹ Crore | 103.85₹ Crore | 112.66₹ Crore | -14.42₹ Crore | 66.64₹ Crore |
| Profit After TaxDerived | 314.38₹ Crore | 335.85₹ Crore | 402.59₹ Crore | 443.55₹ Crore | 97.23₹ Crore |
| Other comprehensive incomeDisclosed | -76₹ Lakh | -1.44₹ Crore | -6.04₹ Crore | 1.26₹ Crore | 1.09₹ Crore |
| Total Comprehensive IncomeDerived | 313.62₹ Crore | 334.41₹ Crore | 396.55₹ Crore | 444.81₹ Crore | 98.32₹ Crore |
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About ASK Investment Managers Limited unlisted shares
Indicative · updated dailyASK Investment Managers Limited unlisted share price today
ASK Investment Managers Limited unlisted share price today is ₹775 as of 12 November 2026.
ASK Investment Managers Limited — frequently asked questions
- What is the grey market price for ASK Investment Managers Limited?
No IPO is currently announced for ASK Investment Managers Limited, so no grey market exists; the price above reflects Priveq's own desk valuation.
- Has ASK Investment Managers Limited filed for an IPO, and when might it list?
ASK Investment Managers Limited has not filed a draft red herring prospectus, so no IPO is currently announced and no listing date has been set.
- How does ASK Investment Managers Limited compare to its listed peers?
There is no closely comparable listed company for ASK Investment Managers Limited in India today.
- Is ASK Investment Managers Limited on the SME or Mainboard IPO track?
ASK Investment Managers Limited has not filed a draft red herring prospectus, so no IPO track is set yet.
- What is ASK Investment Managers Limited's CIN and registered office?
ASK Investment Managers Limited's Corporate Identity Number is U65993MH2004PTC147890, registered at Mumbai, Maharashtra, India.
- What is ASK Investment Managers Limited's market capitalisation?
ASK Investment Managers Limited's market capitalisation is approximately ₹6,780 crore, based on its current unlisted share price.
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Applies to every company on Priveq- How do I buy ASK Investment Managers Limited unlisted shares?
Priveq Investech Private Limited is the named counterparty on every transaction. To buy ASK Investment Managers Limited unlisted shares: complete KYC once (PAN, Aadhaar, bank details, and demat account information — SEBI-compliant, typically approved within 24 hours), then submit your order through your Priveq dashboard specifying quantity. Our team confirms price and payment details with you directly. Once payment is confirmed, ASK Investment Managers Limited shares are transferred off-market straight to your demat account, with no pooling and no middlemen.
- How do I sell ASK Investment Managers Limited unlisted shares?
Submit an Express Sell Interest for ASK Investment Managers Limited through your Priveq dashboard, specifying quantity, the same way a buy order is placed. Priveq quotes you a bid price, which may differ from the live Buy price shown to buyers, since unlisted-share pricing works on a bid-ask basis rather than a single quote. Once you accept, you'll need to provide your Client Master List (CML), a cancelled cheque or bank details, and PAN. If you hold shares with CDSL, transfer can also be completed digitally via CDSL Easiest. You transfer ASK Investment Managers Limited shares to Priveq first, and payment follows once the transfer is confirmed received, typically the same day, T+1, or occasionally T+2, communicated to you directly. For sizeable transactions worth crores of rupees, an escrow arrangement can be used instead, at the sole consent of both parties.
- What is the minimum investment for ASK Investment Managers Limited unlisted shares?
Minimum investment varies by company and is shown as the Min Investment figure on this page. ASK Investment Managers Limited's minimum is ₹38,750.
- Is there a maximum investment limit?
There's no fixed maximum investment limit for ASK Investment Managers Limited unlisted shares. For sizeable transactions worth crores of rupees, an escrow arrangement can be used at the sole consent of both parties, the same mechanism available on the sell side.
- Is buying ASK Investment Managers Limited unlisted shares legal in India?
Yes. Buying and selling unlisted shares in India is legal and is subject to relevant SEBI regulations, including the mandatory lock-in period after listing, stamp duty, and depository participant charges on each transaction. Priveq's own KYC process is built to be SEBI-compliant.
- What is the lock-in period for ASK Investment Managers Limited unlisted shares?
ASK Investment Managers Limited has not filed a DRHP yet, so no listing date or lock-in period applies at this stage. Once an IPO is filed, this answer updates to reflect the applicable SME or Mainboard lock-in.
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If an IPO is delayed, shares remain unlisted and continue to trade on the desk at Priveq's indicative price, with no lock-in in effect until an actual listing happens. If a company formally withdraws its DRHP, the same applies: shares stay unlisted, with no lock-in period until and unless a fresh IPO process begins.
- How are capital gains on ASK Investment Managers Limited unlisted shares taxed?
If you sell unlisted shares, including ASK Investment Managers Limited, within 24 months of purchase, the gain is taxed as short-term capital gain at your applicable income tax slab rate. Beyond 24 months, it is taxed as long-term capital gain at 12.5 percent, without indexation benefit, under the rules effective from 23 July 2024. If ASK Investment Managers Limited lists and you sell after listing, the applicable tax treatment shifts to listed-security rates, with the holding period still measured from your original unlisted purchase date. This is general information, not tax advice; investors should confirm their specific position with a tax advisor.
- Can NRIs invest in ASK Investment Managers Limited unlisted shares?
Yes, on a non-repatriable basis. NRIs can invest using funds from an NRO account; sale proceeds stay within India unless repatriated separately under RBI's own limits. Priveq does not currently support repatriable investment (NRE/FCNR-funded), which would require the investee company to file additional RBI paperwork as foreign direct investment.
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Priveq's desk price reflects several inputs together, not a single formula: the seller's ask price at the time, current demand and supply on the platform for ASK Investment Managers Limited specifically, broader sentiment in the unlisted and pre-IPO market, how ASK Investment Managers Limited's sector and listed peers are trading, the company's own recent financial performance and IPO-stage developments, and recent transaction history where deals have actually closed.
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