Monday, September 26, 2016

Endurance Technologies IPO Price Band, Market Lot & Dates Details

Endurance Technologies IPO is coming up on 5th October (Expected). After listing of GNA Axles Endurance Tech will have better chance of subscription. The grey market premium is active for this IPO. When we look at the financial the company has good growth in last few years. Endurance Technologies started their operations in 1986. The are in automotive component manufacturing segment. They diversified their business by introducing suspension products, transmission products and brake systems. The started with two aluminium casting machines in 1986, and now they have 18 plants in India and 7 overseas in Europe. They have over 5000 employee strength as well.
Endurance Technologies Review:
"Subscribe" for Listing Gain

Endurance Technologies IPO Grade:
Crisil gave 3 out of 5 to this IPO it means the company has "Average" Fundamentals.

Endurance Technologies IPO Dates & Price Band:
IPO Open: Oct 5, 2016
IPO Close: Oct 7, 2016
IPO Size: Approx Rs.1167 Crores
Face Value: Rs. 10 Per Equity Share
Price Band: Rs.467  - Rs.472
Listing on: BSE & NSE

Endurance Technologies IPO Market Lot:
Shares: Apply for 30 Shares (Minimum Lot Size)
Amount: Rs.14,160

Endurance Technologies IPO Allotment & Listing: (Approx)
Basis of Allotment: 17 October 2016
Refunds: 18 October 2016
Credit to demat accounts: 18 October 2016
Listing: 19 October 2016
Note: Refer Page No - of RHP

Endurance Technologies Financial:
Endurance Tech registered good PAT in last few years. Their profit keep increasing YOY. They registered 60% increase in their PAT compared to 2012 while 15% compared to 2015. They have total revenues increased at 36% compared to 2012 while 7% compared to 2015.

FY2012 FY2013 FY2014 FY2015 FY2016
Total revenue 3,831.7 3,822.4 4,211.9 4,916.9 5,240.5
Total expenses 3,599.1 3,610.0 3,959.8 4,589.9 4,860.8
Profit after tax 182.3 169.2 204.4 252.4 289.8

Endurance Technologies’ consolidated financial performance (in INR crore)

Company Promoters:

Quick Links:
Draft Prospectus with SEBI
Red Herring Prospectus

IPO Registrar:
Link Intime India Private Limited
Telephone: +91 (22) 6171 5400
Facsimile: +91 (22) 2596 0329

IPO Lead Managers:
Axis Capital
Citigroup Global

Company Address:
K-228, MIDC Industrial Area, Waluj, Aurangabad 431 136, Maharashtra, India
Telephone: +91 (240) 256 6686
Facsimile: +91 (240) 255 6685
Corporate Identity Number: U34102MH1999PLC123296