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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 ₹472.00 per share . The lot size for an application is 30. The minimum amount of investment required by an retail is ₹14,010 (30 shares). 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 Date | October 5, 2016 to October 7, 2016 |
| Listing Date | October 19, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹467 to ₹472 per share |
| Issue Price Final | ₹472 per share |
| Lot Size | 30 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 2,46,13,024 shares (aggregating up to ₹1,161.73 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 14,06,62,848 shares |
| Share Holding Post Issue | 14,06,62,848 shares |
Endurance Technologies IPO offers total 2,46,13,024 shares. Out of which 1,23,06,511 (50.00%) allocated to QIB, 49,22,605 (20.00%) allocated to QIB, 36,91,954 (15.00%) allocated to NII, 86,14,559 (35.00%) allocated to RII and 73,83,906 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum 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%) |
Endurance Technologies IPO opens on October 5, 2016, and closes on October 7, 2016.
| IPO Open Date | Wed, Oct 5, 2016 |
| IPO Close Date | Fri, Oct 7, 2016 |
| Tentative Allotment | Mon, Oct 17, 2016 |
| Initiation of Refunds | Tue, Oct 18, 2016 |
| Credit of Shares to Demat | Tue, Oct 18, 2016 |
| Tentative Listing Date | Wed, Oct 19, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 7, 2016 |
Investors can bid for a minimum of 30 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
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+.
| Particulars | For the year/period ended (in Rs. Million) | |||||
|---|---|---|---|---|---|---|
| As at 30-Jun-16 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | |
| Total Assets | 21,805.34 | 19,917.30 | 18,796.98 | 19,442.64 | 19,072.74 | 19,139.43 |
| Total Revenue | 9,705.22 | 36,958.85 | 35,400.09 | 31,450.63 | 27,377.65 | 27,855.36 |
| Profit After Tax (PAT) | 538.81 | 2,055.96 | 1,813.99 | 1,500.31 | 1,009.79 | 1,060.48 |
[Dilip Davda] Company has been reporting consistent growth in top and bottom line. Based on future prospects for automobile sector, investors may consider investment for short to long term. Read detail review...
| Listing Date | October 19, 2016 |
| BSE Script Code | 540153 |
| NSE Symbol | ENDURANCE |
| ISIN | INE913H01037 |
| Final Issue Price | ₹472 per share |
| BSE Listing Group | B |
Endurance Technologies Ltd.
K-228,
MIDC Industrial Area,
Waluj
Aurangabad, Maharashtra, 431136
Phone: +91 240 256 6686
Email: investors@endurance.co.in
Website: http://www.endurancegroup.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: etl.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Endurance Technologies IPO is a main-board IPO of 2,46,13,024 equity shares of the face value of ₹10 aggregating up to ₹1,161.73 Crores. The issue is priced at ₹472 per share. The minimum order quantity is 30.
The IPO opens on October 5, 2016, and closes on October 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 October 5, 2016 and closes on October 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 Tuesday, October 18, 2016. Check the Endurance Technologies IPO allotment status.
The Endurance Technologies IPO listing date is on Wednesday, October 19, 2016.
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