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Endurance Technologies Ltd IPO (Endurance Technologies IPO) Detail

Oct 5, 2016 - Oct 7, 2016

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+.

Company Promoters:

The promoters of the company are:

1. Mr. Anurang Jain

Company Financials:

Summary of financial Information
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

Objects of the Issue:

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 Detail:

  »»  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

Endurance Technologies IPO Reviews:

  1. Endurance Technologies Ltd IPO review by Dilip Davda

Endurance Technologies IPO Recommendations:

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Issue Subscription Detail / Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved4,922,6053,691,9548,614,55917,229,118
Day 1 - Oct 5, 2016 17:00 IST0.04000.03000.21000.1200
Day 2 - Oct 6, 2016 17:00 IST1.70000.13000.82000.9200
Day 3 - Oct 7, 2016 17:50 IST53.4300127.07002.690043.8400

Endurance Technologies IPO Prospectus

Endurance Technologies IPO Rating

953
4.1
Rating:Rated 4.1 stars

Vote Here ...

Endurance Technologies IPO Listing Date

  •   ›  Listing Date: Wednesday, October 19, 2016
  •   ›  BSE Script Code: 540153
  •   ›  NSE Symbol: ENDURANCE
  •   ›  Listing In: ‘B’ Group of Securities
  •   ›  ISIN: INE913H01037
  •   ›  Issue Price: Rs 472 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE
Rs 472.00
Rs 570.00
Rs 570.00
Rs 655.00
Rs 647.70
8,141,059
NSE
Rs 472.00
Rs 572.00
Rs 572.00
Rs 654.40
Rs 646.90
36,506,028

Endurance Technologies IPO News Alerts

  1. Wednesday, October 19, 2016 12:00:00 AM
    Endurance Technologies Ltd IPO - Listing
  2. Saturday, October 15, 2016 12:00:00 AM
    Endurance Technologies Ltd IPO - Allotment
  3. Friday, October 7, 2016 12:00:00 AM
    Endurance Technologies Ltd IPO - Close
  4. Thursday, October 6, 2016 8:29:12 AM
    Endurance IPO subscribed 0.92 times on day 2
  5. Wednesday, October 5, 2016 8:15:07 AM
    Endurance Tech IPO subscribed 0.12 times on day 1
  6. Wednesday, October 5, 2016 12:00:00 AM
    Endurance Technologies Ltd IPO - Open

Company Contact Information

Endurance Technologies Ltd
K-228, MIDC Industrial Area,
Waluj, Aurangabad 431 136,
Maharashtra, India
Phone: +91 240 256 6686
Fax: +91 240 255 6685
Email: investors@endurance.co.in
Website: http://www.endurancegroup.com

Endurance Technologies IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: etl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Endurance Technologies IPO Lead Manager(s)

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Endurance Technologies IPO Review / Comments

avatar
1027. MUDIT NATANI  Nov 30, 2016 11:36:27 AM IST I Like It. | Report Abuse
Eagleye chittorgarh padharo sa........ your pet sentence in reply to anyone who want to meet you or contact you.
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1026. Prasad Pawar  Nov 9, 2016 2:44:13 PM IST I Like It. | Report Abuse
i bought 35 shares @ 590..

is it a good buy?
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1026.1. Chennai  Nov 16, 2016 8:27:50 PM IST I Like It. | Report Abuse
Add more of dips
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1025. Ravi Shah  Nov 1, 2016 9:18:53 PM IST I Like It. | Report Abuse
I have 1500 share of endurance at price of 650rs. what should i do ?
Book a loss or profit?
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1025.3. shazia  Nov 4, 2016 5:54:18 PM IST I Like It. | Report Abuse
I buy endurance 15 share @ 646.00 and sell yesterday @612.00
and today again buy 15 share @ 593.00
so i earn Rs.19.00 x 15share = 285.00
and in my account 15 share of endurance...
Good magic trick isn''t it????


Thanks
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1025.4. Chennai  Nov 16, 2016 8:28:56 PM IST I Like It. | Report Abuse
if u would have book 50 % in loss around 630 please add more now u will get good avg price
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1024. shazia  Oct 29, 2016 6:26:30 PM IST I Like It. | Report Abuse
hello!!
I buy 15 shares after listing @ Rs.646.00, so please suggest me that should i hold or book loss? i wish to get double my amount and that for i can hold maximum 2 years, but this stock is good for long term or not? please guide me.. Thanks
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1024.2. Maniac  Oct 31, 2016 8:53:43 AM IST I Like It. 1 | Report Abuse
Double? Gosh! What would you do with sooo much money? .
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1024.3. shazia  Oct 31, 2016 10:47:02 AM IST I Like It. | Report Abuse
Thanks Ashish !!
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1023. DrBhavin  Oct 26, 2016 9:16:49 PM IST I Like It. | Report Abuse
Is it wise to hold for 2 to 3 months for a target of 750?
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1023.1. WolfOfSM  Oct 27, 2016 3:30:59 PM IST I Like It. | Report Abuse
yes ..... Hold atleast 2 quartes ..easily it will cross 800 mark
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1022. MoneyController  Oct 23, 2016 5:11:09 PM IST I Like It. | Report Abuse
I opened demat when Reliance power IPO came on the board, and my hand burned. After that I started again investing since Sharda cropchem.

After after these 2 years, investment amount is multiplied by 10 times and still going on will go further till the good IPOs.

***Now I am afraid is it what Big Bulls wanted from small/medium investors?***
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1021. MoneyController  Oct 23, 2016 4:45:45 PM IST I Like It. | Report Abuse
I am holding
1. ICICI Prudential
2. Equitas Holding
3. Endurance Tech
4. Mahanagar Gas

So does anybody think if it is good time to sell out and have happy Diwali?
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1021.1. OmFinvest Mumbai  Oct 24, 2016 5:31:43 PM IST I Like It. 1 | Report Abuse
you have all goodies with you....
keep it & stay happy.....
don''t ever look at Price & market conditions & blah blah......
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1019. gamble  Oct 23, 2016 9:33:57 AM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1600+ Posts, 3200+ Likes)
So here the question is what MKT loves not us??

See CAN FIN home
840 to 1800 (100%)
Other biggies return upto 20-30% only


PAT up % from 2015 to 2016

PNBHF 68%
Indiabull 23%
Gruh 20%
LIc 19%
DHFL 16%
HDFC 14%

Can fin home 80%

So can fin enjoying 5.55x BV because of it''s performance no matter how pricey it was/is...!!(in 2014 it was near 200)


Mkt just loves financial powerhouse like Roman reigns..!!
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1018. PANKAJBANSAL  Oct 22, 2016 11:40:44 PM IST I Like It. | Report Abuse
Dear eagleeye
what is your statretgy on endurance
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1017. Mumbai DON  Oct 22, 2016 11:14:46 AM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Endurance vil take 5th gear from Monday. 🏃🏃🏃🏃
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1016. Kito  Oct 21, 2016 11:45:43 PM IST I Like It. | Report Abuse
Can we exit endurance at 660 or wait for 700 in couple of months
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1016.1. ANIL VERMA  Oct 23, 2016 2:01:29 PM IST I Like It. | Report Abuse
It will touch Rs. 700.0 0 atleast this week.
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1015. Meekesh shah  Oct 21, 2016 7:26:59 PM IST I Like It. | Report Abuse
Septaji
Kindly advice me on precision camshaft

Humble request
Should I hold
160 shares@186

Waiting for your reply
avatar
1015.1. Septa  Oct 21, 2016 10:46:26 PM IST I Like It. 1 | Report Abuse
IPO Guru IPO Guru (3900+ Posts, 4300+ Likes)
U should have averaged it when price was heading south. Now i think u should hold u will see good gain long term

Thank you,

Septa

Click here to follow my secondary market messages.

avatar
1015.2. Share View  Oct 21, 2016 11:47:50 PM IST I Like It. 1 | Report Abuse
Exit from precam as it is operator friendly stock like ccd & quickheal.

Shift to equitas as both are trading at same price 180 . Target 250

OR in auto etl@575 , gna , nocil
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1014. IPOMantra  Oct 21, 2016 2:43:22 PM IST I Like It. 2 | Report Abuse
One of prominent message board members suggesting to hold, its operator play to take out stock from poor retails investor, definitely it will go up. Dont worry at all.
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1013. ramesh jariwala  Oct 21, 2016 12:31:51 PM IST I Like It. | Report Abuse
Endurance tech cmp 612-615

Value stock as in India they have around 18 and 7 in Europ


Co is from 1986

Buisness 52819 mn in Rs

Endurance Technologies is one of India''s leading automotive component manufacturing companies. Anurang Engineering Company Private Limited which merged into our company in 2006, commenced manufacturing of aluminium castings in Aurangabad, Maharashtra, India in FY 1986.

Raw and machined aluminium CVT) assemblies for scootersBrake systems such as hydraulic disc brake assemblies including calipers, master cylinder and rotary disc brake for motorcycles & scooters and hydraulic drum brake assemblies and tandem master cylinder for three wheelersAfter-market services to cater to the replacement market

Company buisness in India ,Germany and Italy

After all above info i may say it can show big upside on chart in coming some years.1000-1200-1500+ can be see easily. And many more. forwerded msg
avatar
1012. gamble  Oct 21, 2016 12:26:08 PM IST I Like It. 3 | Report Abuse
IPO Guru IPO Guru (1600+ Posts, 3200+ Likes)


Prefer NOCIL over ETL...

First half EpS near 4
Annual posible 8

With only 12 PE it can command 12*8=96
Valuation....

CMP 77


avatar
1012.3. gamble  Oct 21, 2016 11:30:42 PM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1600+ Posts, 3200+ Likes)
Yes that was the awesome rally by tyre stocks...thanks...!!
NOW chemical ??(it has been already strted)
Can picked up only GSFC a month back ..
Still omkar speciality not much moved wht about that...?

avatar
1012.4. Septa  Oct 21, 2016 11:36:22 PM IST I Like It. | Report Abuse
IPO Guru IPO Guru (3900+ Posts, 4300+ Likes)
gamble just got sms from by broker big interest in Calcutta GMP has jump to 45 for Varun Beverages news is anchor book is full of big FIIs interested in this IPO.... have u heard anything in this regards may be just wait for the Anchor list

Thank you,

Septa

Click here to follow my secondary market messages.

avatar
1011. CPPK  Oct 21, 2016 12:05:06 PM IST I Like It. | Report Abuse
CAN ANYONE PLEASE SUGGEST IN NBCC FPO IS THERE ANY LIMIT FOR RETAIL INVESTOR OR RETAIL INVESTOR CAN APPLY UP TO OR BEYOND RS TWO LAKH
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1011.1. Super Trader  Oct 21, 2016 12:10:36 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Only below 2 lakhs for retail
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1010. Carn Mohan  Oct 21, 2016 9:55:53 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
allotted 60 shares and booked ₹ 8400 profiles.
I will not apply PNB and Varun.
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1010.1. Super Trader  Oct 21, 2016 12:11:10 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
You can apply varun for listing gains
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1010.2. Super Trader  Oct 21, 2016 12:12:46 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
PNBHF may be a good ipo. but i doubt listing gains.
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1009. niceplaywins  Oct 21, 2016 2:27:40 AM IST I Like It. | Report Abuse
Septa sir, gamble ji any target for endurance in next six months, I wants to buy it in good quantity, I also have 3 lots from IPO should I increase the quantity or exit is better.


avatar
1009.1. Super Trader  Oct 21, 2016 8:14:59 AM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Never marry a stock , above Rs.600 it is a operator play.
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1008. Silapathar  Oct 20, 2016 10:39:10 PM IST I Like It. | Report Abuse
Beware only 18% deliverable quantity, looks like will go down further.
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1008.1. ANIL VERMA  Oct 21, 2016 4:59:22 PM IST I Like It. | Report Abuse
It went up today. Ur comments in this regard.
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