Endurance Technologies Ipo Price

Endurance technologies ipo price

 

Endurance Technologies claims to be the largest two-wheeler and three-wheeler automotive component manufacturer in India.

Endurance technologies ipo price

For FY2016, its total revenue contribution from India was 70.1% while Europe accounted for the rest 29.9%.

Its major products in India include aluminum castings, aluminium alloy wheels for motorcycles; suspension products such as shock absorbers, front forks and hydraulic dampers; transmission components such as clutch assemblies, cork and paper-based friction plates, continuous variable transmission assemblies (“CVTs”); brake systems, such as hydraulic disc brake assemblies including calipers, master cylinders and rotary disc brakes and hydraulic drum brake assemblies and tandem master cylinder assemblies; and aftermarket services to cater to the replacement market.

According to the Aluminium Casters’ Association of India, Endurance is the number one aluminium die-casting company in India in terms of actual output and installed capacity in FY2016.

In Europe, Endurance Technologies has operations in Italy and Germany with highly-automated manufacturing facilities.

The operations predominantly cater to four-wheeler OEMs, focusing on engine and transmission components such as raw and machined aluminium castings (high-pressure and gravity die-casting products) and steel, cast iron and engineering plastic parts.

The company operates 25 plants across India, Italy and Germany.

This includes 18 manufacturing plants in India, comprising eight in Aurangabad (Maharashtra), five in Pune (Maharashtra), two in Pantnagar (Uttarakhand) and one each in Manesar (Haryana), Chennai (Tamil Nadu) and Sanand (Gujarat), with three in-house tool rooms.

Endurance Technologies’ largest customers in India are Bajaj Auto Limited, Royal Enfield, Honda Motorcycle and Scooter India Private Limited, and India Yamaha Motor Private Limited.

In Europe, its largest customer is Fiat Chrysler and its group companies while it also supplies to Daimler.

Promoter of Endurance Technologies: Anurang Jain

Endurance Technologies IPO details

Subscription Dates5 – 7 October 2016
Price BandINR467-472 per share
Offer For Sale24,613,024 shares
Total IPO size24,613,024 shares
Minimum bid (lot size)30 shares
Face Value INR10 per share
Retail Allocation35%
Listing OnBSE, NSE

 

Endurance Technologies’ consolidated financial performance (in INR crore)
FY2012FY2013FY2014FY2015FY2016
Total revenue3,831.73,822.44,211.94,916.95,240.5
Total expenses3,599.13,610.03,959.84,589.94,860.8
Profit after tax182.3169.2204.4252.4289.8

Endurance Technologies Ltd 
E-92, MIDC Industrial Area,
Waluj, Aurangabad 431 136

Phone: +91 240 256 9737
Fax: +91 240 255 1700
Email:[email protected]
Website: www.endurancegroup.com

Link Intime India Private Limited
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai – 400 078
Maharashtra, India

Phone: +91 22 2596 3838
Fax: +91 22 2594 6969
Email: [email protected]
Website: http://www.linkintime.co.in

Endurance Technologies IPO Subscription Details

CategoryShares offered

Subscription status (no.

Endurance technologies ipo price

of times, at 6 PM)

Day 1Day 2Day 3
QIB 4,922,6050.042.8853.42
NII 3,691,954 0.020.21127.06
Retail 8,614,559 0.211.352.50
Total 17,229,118 0.121.5443.74

Endurance Technologies IPO allotment status is now available on Link Intime’s website.

Click on this link to get allotment status.

You can also check your IPO allotment status from your mobile at
http://eipo.linkintime.co.in/ipo/ 
http://linkintime.co.in/ipo

IPO Opening Date: 5 October 2016

IPO Closing Date: 7 October 2016

Finalisation of Basis of Allotment: 17 October 2016

Initiation of refunds: 18 October 2016

Transfer of shares to demat accounts: 18 October 2016

Listing Date: 19 October 2016

Listing Price on NSE: INR572 per share (return of 21.2% on IPO price)

Closing Price on NSE: INR654.4 per share (return of 38.6% on IPO price)

Growth in times of slowdown - Endurance Technologies to ET NOW