Bookbuilding IPO | ₹1,162 Cr | Listed at BSE, NSE | Wed, Oct 5, 2016 - Fri, Oct 7, 2016
Endurance Technologies IPO is a book build issue of ₹1,161.73 crores. The issue is entirely an offer for sale of 2.46 crore shares of ₹1,161.73 crore.
Endurance Technologies IPO bidding started from Oct 5, 2016 and ended on Oct 7, 2016. The allotment for Endurance Technologies IPO was finalized on Oct 17, 2016. The shares got listed on BSE, NSE on Oct 19, 2016.
Endurance Technologies IPO price band is set at ₹472 per share. The lot size for an application is 30. The minimum amount of investment required by an retail is ₹14,160 (30 shares) (based on upper price). The lot size investment for sNII is 15 lots (450 shares), amounting to ₹2,12,400, and for bNII, it is 71 lots (2,130 shares), amounting to ₹10,05,360.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Endurance Technologies IPO RHP for detailed Information.
IPO Open
Wed, Oct 5, 2016
IPO Close
Fri, Oct 7, 2016
Issue Price
₹472 per share
Market Cap (Pre-IPO)
₹6,639.29 Cr
| IPO Date | 5 to 7 Oct, 2016 |
| Listed on | Wed, Oct 19, 2016 |
| Face Value | ₹10 per share |
| Price Band | ₹467 to ₹472 |
| Issue Price | ₹472 per share |
| Lot Size | 30 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,46,13,024 shares (agg. up to ₹1,162 Cr) |
| Offer for Sale | 2,46,13,024 shares of ₹10 (agg. up to ₹1,162 Cr) |
| Share Holding Pre Issue | 14,06,62,848 shares |
| Share Holding Post Issue | 14,06,62,848 shares |
| BSE Script Code / NSE Symbol | 540153 / ENDURANCE |
| ISIN | INE913H01037 |
Endurance Technologies IPO comprises a total issue size of 2,46,13,024 shares. Out of which, 1,23,06,511 (50.00%) are allocated to QIB, 36,91,954 (15.00%) allocated to NII 86,14,559 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 1,23,06,511 | 50.00% | NA |
| − Anchor Investor Shares Offered | 73,83,906 | 30.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 49,22,605 | 20.00% | NA |
| NII (HNI) Shares Offered | 36,91,954 | 15.00% | NA |
| Retail Shares Offered | 86,14,559 | 35.00% | 2,87,151 |
| Total Shares Offered | 2,46,13,024 | 100.00% |
Investors can bid for a minimum of 30 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹14,160 |
| Retail (Max) | 14 | 420 | ₹1,98,240 |
| S-HNI (Min) | 15 | 450 | ₹2,12,400 |
| S-HNI (Max) | 70 | 2,100 | ₹9,91,200 |
| B-HNI (Min) | 71 | 2,130 | ₹10,05,360 |
Endurance Technologies IPO raises ₹348.52 crore from anchor investors. Endurance Technologies IPO Anchor bid date is October 4, 2016.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Oct 4, 2016 |
| Shares Offered | 73,83,906 |
| Anchor Portion (₹ Cr.) | 348.52 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Nov 16, 2016 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Jan 15, 2017 |
Incorporated in year 2000, Endurance Technologies Ltd is in the business of manufacturing two-wheeler and three-wheeler automotive component. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.Endurance Tech also manufacture specified components for four-wheeler passenger vehicles, light commercial vehicles and heavy commercial vehicles.
Endurance Tech is the complete solutions provider, providing end-to-end services by engaging its customers from conception to end-user delivery. Visit chittorgarh.com for more detail.Company's development process includes design, development, validation, testing, manufacturing, delivery and aftermarket sale service for a wide range of technology-intensive auto component products.
Endurance Tech have 25 plants across India, Italy and Germany. Company have 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 also have 2 manufacturing facilities in Germany and 5 in Italy. In Europe, company predominantly cater to four-wheeler OEMs (original equipment manufacturer), focusing on engine and transmission components.
Key Highlights:
1. Company is largest two-wheeler and three-wheeler automotive component manufacturer in India in terms of aggregate revenue.
2. Company is largest aluminum die-casting company in India in terms of actual output and installed capacity.
3. Total revenue contribution from India is over 70% and 30% from Europe.
4. Company's long-term bank facilities are rated CRISIL AA-/Stable and short-term bank facilities are rated CRISIL A1+.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Endurance Technologies IPO is subscribed 43.84 times on October 7, 2016 5:50:00 PM (Day 3). The public issue subscribed 2.69 times in the retail category, 53.43 times in the QIB category, and 127.07 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 53.43 | 49,22,605 | |
| NII | 127.07 | 36,91,954 | |
| Retail | 2.69 | 86,14,559 | |
| Total | 43.84 | 1,72,29,118 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to Lead Managers | 37.41 |
| 2 | Selling commission and processing fees for SCSBs | 2.04 |
| 3 | Selling commission and processing/uploading charges for Syndicate Members, Registered Brokers, RTAs and CDPs | 1.28 |
| 4 | Fees payable to Registrar to the Offer | 1.47 |
| 5 | Printing and stationary expenses | 1.57 |
| 6 | Advertising and marketing expenses | 4.97 |
| 7 | Others | |
| 8 | Listing fees | 0.01 |
| 9 | SEBI, BSE and NSE processing fees | 2.58 |
| 10 | Fees payable to Legal Counsels | 8.32 |
| 11 | Miscellaneous | 10.08 |
| 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 |
Lead Manager Reports
Endurance Technologies IPO is a main-board IPO of 2,46,13,024 equity shares of the face value of ₹10 aggregating up to ₹1,162 Crores. The issue is priced at ₹472 per share. The minimum order quantity is 30.
The IPO opens on Wed, Oct 5, 2016, and closes on Fri, Oct 7, 2016.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Endurance Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Endurance Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Endurance Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Endurance Technologies IPO opens on Wed, Oct 5, 2016 and closes on Fri, Oct 7, 2016.
Endurance Technologies IPO lot size is 30, and the minimum amount required for application is ₹14,160.
You can apply in Endurance Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Endurance Technologies IPO will be done on Monday, October 17, 2016, and the allotted shares will be credited to your demat account by Tue, Oct 18, 2016. Check the Endurance Technologies IPO allotment status.
The Endurance Technologies IPO listing date is on Wed, Oct 19, 2016.
