The Endurance Technologies IPO is a book-built offering for Rs 1,161.73 crore. The offering consists wholly of 2.46 crore shares for sale. Endurance Technologies initial public offering (IPO) bidding began on October 5, 2016 and closed on October 7, 2016. On Monday, October 17, 2016, the allotment for Endurance Technologies’ IPO was completed. On October 19, 2016, the shares were listed on the BSE and NSE. The pricing range for Endurance Technologies’ IPO is $467 to $472 per share. An application requires a minimum lot size of 30 shares. Retail investors must make a minimum investment of $14,160.
Endurance Technologies Ltd., founded in 2000, is a manufacturer of two-wheeler and three-wheeler automotive components. This paragraph contains information supplied by chittorgarh.com, India’s No. 1 IPO Investment Portal.Endurance Tech also produces components for four-wheeler passenger vehicles, light commercial vehicles, and heavy commercial vehicles. Endurance Tech is a total solutions provider, offering end-to-end services by collaborating with its customers from concept to end-user delivery. For additional information, development, validation,
testing, manufacturing, delivery, and aftermarket sales service are all part of the company’s development process for a wide range of technology-intensive auto component items. solutions provider, offering end-to-end services by collaborating with its customers from concept to end-user delivery. For additional information, development, validation, testing, manufacturing, delivery, and aftermarket sales service are all part of the company’s development process for a wide range of technology-intensive auto component items.
Endurance Tech has 25 plants across India, Italy and Germany. The company has 18 manufacturing plants in India, located in the major automotive manufacturing belts of the country, comprising 8 in Aurangabad (Maharashtra), 5 in Pune (Maharashtra), 2 in Pantnagar (Uttarakhand) and 1 each in Manesar (Haryana), Chennai (Tamil Nadu) and Sanand (Gujarat).
Endurance Technologies IPO Details
| IPO Date | October 5, 2016 to October 7, 2016 |
| Listing Date | October 19, 2016 |
| Face Value | ₹10 per share |
| Price Band | ₹467 to ₹472 per share |
| Lot Size | 30 Shares |
| Total Issue Size | 24,613,024 shares (aggregating up to ₹1,161.73 Cr) |
| Offer for Sale | 24,613,024 shares of ₹10 (aggregating up to ₹1,161.73 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Endurance Technologies IPO Timeline
| IPO Open Date | Wednesday, October 5, 2016 |
| IPO Close Date | Friday, October 7, 2016 |
| Basis of Allotment | Monday, October 17, 2016 |
| Initiation of Refunds | Tuesday, October 18, 2016 |
| Credit of Shares to Demat | Tuesday, October 18, 2016 |
| Listing Date | Wednesday, October 19, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 7, 2016 |
Endurance Technologies IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 4,922,605 (28.57%) | NA |
| NII (HNI) Shares Offered | 3,691,954 (21.43%) | |
| Retail Shares Offered | 8,614,559 (50.00%) | 287,151 |
| Total Shares Offered | 17,229,118 (100%) |
Endurance Technologies IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹14,160 |
| Retail (Max) | 14 | 420 | ₹198,240 |
Objects of the Issue (Endurance Technologies IPO Objectives)
The objects of the offer are :
- To achieve the benefits of listing the Equity Shares on the Stock Exchanges and
- To carry out the offer for sale.
Endurance Technologies IPO Listing Details
| Listing Date | October 19, 2016 |
| BSE Script Code | 540153 |
| NSE Symbol | ENDURANCE |
| ISIN | INE913H01037 |
| Final Issue Price | ₹472 per share |
Endurance Technologies Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹472.00 | ₹472.00 |
| Open | ₹570.00 | ₹572.00 |
| Low | ₹570.00 | ₹572.00 |
| High | ₹655.00 | ₹654.40 |
| Last Trade | ₹647.70 | ₹646.90 |
Endurance Technologies Ltd Contact Details
Endurance Technologies Ltd
K-228, MIDC Industrial Area,
Waluj, Aurangabad 431 136,
Maharashtra, India
Phone: +91 240 256 6686
Email: [email protected]
Website: http://www.endurancegroup.com
Endurance Technologies IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in
Endurance Technologies IPO FAQs
Q1. What is Endurance Technologies IPO?
Ans. Endurance Technologies IPO is a main-board IPO of 24,613,024 equity shares with a face value of ₹10, aggregating up to ₹1,161.73 crore. The issue is priced at ₹467 to ₹472 per share. The minimum order quantity is 30 shares. The IPO opens on October 5, 2016, and closes on October 7, 2016.
Q2. When will Endurance Technologies IPO open?
Ans. The Endurance Technologies IPO opens on October 5, 2016 and closes on October 7, 2016.
Q3. What is the lot size of Endurance Technologies IPO?
Ans. Endurance Technologies IPO lot size is 30 Shares, and the minimum amount required is ₹14,160.
Q4. When is Endurance Technologies IPO listing date?
Ans. The Endurance Technologies IPO listing date is on October 19, 2016.
