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.
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+.
The promoters of the company are:
1. Mr. Anurang Jain
|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|
|Profit After Tax (PAT)||538.81||2,055.96||1,813.99||1,500.31||1,009.79||1,060.48|
The objects of the Offer are :
1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges and
2. To carry out the Offer for Sale.
»» Issue Open: Oct 5, 2016 - Oct 7, 2016
»» Issue Type: Book Built Issue IPO
»» Issue Size: 24,613,024 Equity Shares of Rs 10 aggregating up to Rs 1,161.73 Cr
› Offer for Sale of 24,613,024 Equity Shares of Rs 10 aggregating up to Rs 1,161.73 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 467 - Rs 472 Per Equity Share
»» Market Lot: 30 Shares
»» Minimum Order Quantity: 30 Shares
»» Listing At: BSE, NSE
|Number of Times Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved||4,922,605||3,691,954||8,614,559||17,229,118|
|Day 1 - Oct 5, 2016 17:00 IST||0.0400||0.0300||0.2100||0.1200|
|Day 2 - Oct 6, 2016 17:00 IST||1.7000||0.1300||0.8200||0.9200|
|Day 3 - Oct 7, 2016 17:50 IST||53.4300||127.0700||2.6900||43.8400|
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