Auto ancillary player ASK Automotive has successfully raised a little over Rs 250 crore from anchor investors ahead of its initial share sale. The company has allocated 88.71 lakh equity shares to 25 funds at Rs 282 per share, which is the upper end of the price band. Major investors participating in the funding round include Morgan Stanley Asia (Singapore) Pte, BNP Paribas Arbitrage, Societe Generale, Goldman Sachs Fund, SBI Life Insurance Company, ICICI Prudential Life Insurance Company, Bajaj Allianz Life Insurance Company, Nippon India Mutual Fund (MF), Tata MF, and Edelweiss MF. ASK Automotive’s IPO is an offer for sale (OFS) of 2,95,71,390 equity shares by promoters Kuldip Singh Rathee and Vijay Rathee. The IPO is open for public subscription from November 7 to November 9. The shares will be listed on the BSE and NSE.