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Endurance Technologies IPO Details
IPO Date Oct 5, 2016 - Oct 7, 2016
IPO Price ₹472
Face Value ₹10
IPO Size ₹1,161.73 Cr
Listing At BSE, NSE
IPO Lot Size 30

ENDURANCE TECHNOLOGIES LIMITED

Our Company was originally incorporated as a private limited company at Mumbai uder the name of 'Endurance Suspension Systems (India) Private Limited" under the Companies Act, 1956 and received a certificate of incorporation dated.
December 27,1999 As of the dated of the prospectus, the name of our Company is Endurance Technologies Limited which was pursuant to a fresh certificate of incorporation dated May 31,2016.

Registered Office: K-228. MIDC Industrial Area, Waluj. Aurangabad 431 136, Maharashtra, India; Telephone: +91 (240) 255 6686; Facsimile: +91 (240) 265 6685. Corporat Office: E-92. MIDC Industrial Area, Waluj, Aurangabad 431 136, Maharashtra. India; Telephone: +91 (240) 256 9737; Facsimile; +91 (240) 255 1700. For details of changes to the name of our Company, status and address of the registered office of our Company, please see 'History and Certain Corporate Matters" on pege 186 of the Prospectus. Contact. Person: Mr. Sunil Lalai, Company Secretary and Vice President - Legal and Compliance Officer, Email: investors@endurance.co.in Website: www.endurancegroup.com; Corporate Identity Number: U34102MH1999PLC123296

PROMOTER OF OUR COMPANY: MR. ANURANG JAIN

Our Company has filed the Prospectus dated October 10, 2016 with the Registrar of Companies, Mumbai, Maharashtra (the ''Prospectus") and the Equity Shares are proposed to be listed on the BSE, limited (''BSE") and the National Stock Exchange of India Limited ("NSE") and the trading is expected to commence on October 19,2016,

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFERING OF 24,613,024 EQUITY SHARES OF FACE VALUE RS 10 EACH ("EQUITY SHARES") OF ENDURANCE TECHNOLOGIES LIMITED ("COMPANY" OR ISSUER") FOR CASH AT A PRICE OF RS 472 PER EQUITY SHARE INCLUDING A SHARE PREMIUM 0F RS  462 PER EQUITY SHARE. AGGREGATING TO RS 11,617,35 MILLION. CONSISTING OF AN OFFER FOR SALE OF 19.295,968 EQUITY SHARES BY ACTIS COMPONENTS AND SYSTEM INVESTMENTS LIMITED ("ACTIS") AND 5,317,056 EQUITY SHARES BY MR. ANURANG JAIN ("PROMOTER SELLING SHAREHOLDER") (COLLECTIVELY, THE "SELLING SHAREHOLDERS") (THE "OFFER FOR SALE" OR THE 'OFFER'). THE OFFER CONSTITUTES 17.50% OF THE FULLY DILUTED POST OFFER PAID-UP EQUITY SHARE CAPITAL OF THE COMPANY.

OFFER PRICE: RS 472 PER EQUITY SHARE OF FACE VALUE OF RS 10 EACH
ANCHOR INVESTOR OFFER PRICE: RS 472 PER EQUITY SHARE
THE OFFER PRICE IS 47.20 TIMES THE FACE VALUE

Risks to Investors:

i. The two Lead Managers associated with the Offer have handled 19 public Issues in the past three years out of which 5 issues closed below the issue price on the listing date.
i i. The Price to Earnings ratio based on diIuted EPS for FY 2016 for the Company at the upper end of the Price Band is as high as 22.80 and 32.23 on consolidated basis and unconsolidated basis respectively.
i i i. Average cost of acquisltion of Equity Shares for the Promoter SelI i ng Shareholder and Actis is Rs 1.28 and Rs 190,82 per Equity Share respectively, and the Offer Price at the upper end of the price bard is as high as Rs 472.00 per Equity Share.

OFFER PROGRAMME: OPENED ON: WEDNESDAY, OCTOBER 05, 2016
CLOSED ON FRIDAY, OCTOBER 07, 2016
ANCHOR INVESTOR BIDDING PERIOD : TUESDAY, OCTOBER 04, 2016

In terms of Rule 19(2)(b}(ii) of the Securities Contracts Regulations Rules. 1957. as amended ('SCRR")l read with Regulation 41 of the Securities and Exchange Board of India, (Issue of Capital and Disclosure Requirements) Regulations. 2009, as amended ("ICDR Regulations"), this was an Offer for at least 10% of the post-Offer capital. The Offer was made through the Book Building Process, in reliance on Regulation 26(1} of the ICDR Regulations, wherein not more than 50%: of the Offer was allocated on a proportionate basis to Quafified Institutional Buyers ("QIBs"). Provided that our Company and the Selling Shareholders, in consultation with the Lead Managers, haw allocated up to 60% of the QIB Portion to Anchor Investors on a discretionary basis. One-third of the Anchor Investor Portion was reserved for domestic Mutual Funds, subject to valid Bids received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. 5% of the QIB Portion (excluding the Anchor Investor Portion) was available for allocation on a proportionate basis 10 Mutual Funds only, and tine remainder of the QIB Portion was available for allocation on a proporiioriaie basis to an QIB Bidders (other than Anchor investors), Including Mutual Funds, subject to valid Bids received at or above the Offer Price. Further, not less than 15% oF the Offer was available for allocation on a proportionate basis to Non-lnsttitutional Investors and not lass than 35% of the Offer was available for allocation to Retail Individual Investors, in accordance wiih the ICDR Regulations, subject to valid Bids, received at or above the Offer Price. All Bidders, other than Anchor Investors, were nequired to mandatorily utilise the Application Supported by Blocked Amount ("ASBA") process providing details of their respective bank accounts which were blocked by the Self Certified Syndicate Banks ("SCSBs"), to participate in the Offer. Anchor Investors were not permitted to participate in the Offer through the ASBA process. For details, please see "Offer Procedure' on page 546 of the Prospectus.
The Offer received 621,460 applications for 761,029.470 Equity Shanes (prior to technical rejections) resulting in 30.9198 times subscription. The details of the applications received in the Offer from various categories are as under (before technical rejection):

Category No. of
Applications
No. of Shares Reserved No. of times
Subscribed
AMOUNT (Rs)
Retail Individual Bidders 620.687 22,469,220 8,614.569 2.6083 10.609.484.199.00
Non Individual Investors 627 470,107,530 3,691,954 127.3330 221,890.740.060 00
Qualified Institutional Buyers (excluding Anchor Investors) 108 260,804,970 4,922,605 52.9811 123,099,945,840.00
Anchor Investors: 38 7,647,750 7,383,906 1.0357 3,609,738.000.00
TOTAL 621.460 761,029,470 24,613,024 30.9198 359,209,908.099.00

Final Demand
A summary of the final demand as at different Bid prices is as under:

Bid Price No. of
Equity Shares
% to
Total
Cumulative
Total
Cumulative
% of Total
467 67,920 0.01 67,920 0.01
468 7,440 0.00 75,360 0.01
469 6.750 0.00 82.110 0.01
470 50,970 0.01 133.080 0.02
471 10,140 0.00 143,220 0.02
472 735,209,670 97.33 735,352.890 97.35
9999 20.041,530 2.65 755.394.420 100.00
TOTAL 755,394,420 100.00

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being the BSE on October 14.2016.
A. Allotment to Retail Individual Investors. (After Technical Rejections) (including ASBA Applications) The Basis of Allotment to the Retail Individual Investors, who have bid at the Cutoff  Price or at the Offer Price of  Rs 472 per Equity Share, was finalized in consultation with the BSE This category has been subscribed to the extent of  2,5694 times, The total number of Equity Shares Allotted in Retail category is 8.614.559 Equity Shares to 287.151 successful Retail Individual Investors. The category-wise details of the Basis of Allotment are as under:

Category No. of
Applications
Received
% of
Total
Total No, of
Equity Shares
Applied
% to
Total
No.of  Equity
Shares Allotted
par Applicant
Ratio Total No. of
Equity Shares
Allotted
30 582,986 95.16 17,489,580 79.01 30 232.495 8,197,350
60 11,418 1.86 685.080 3.10 30 15:32 160.560
90 4,880 0.80 439,200 1.98 30 15:32 68,640
120 2,592 0.42 311.040 1.41 30 15:32 36,450
150 1,706 0.28 255,900 1.16 30 15:32 24,000
180 931 0.15 167,580 0.76 30 15:32 13,080
210 1,719 0.28 360,990 1.63 30 15:32 24,180
240 498 0.08 119.520 0.54 30 15:32 6,990
270 252 0.04 68.040 0.31 30 15:32 3,540
300 837 0.14 251,100 1.13 30 15:32 11,760
330 198 0.03 65,340 0.30 30 15:32 2,790
360 236 0.04 84,960 0.38 30 15:32 3,330
390 362 0.06 141.180 0.64 30 15:32 5,100
420 4,036 0.66 1,695,120 7.66 30 15:32 56,760
13,906 Allottees from Serial no 2 to 14. allotted 1(one) additional share 29
TOTAL 612,651 100.00 22,134,630 100.00 8,614,559

B. Allotment to Non-Institutional Investors (AfterTechnical Rejections)
The Basis of Allotment to the Non-lnstilutional Investors,, who have bid at the Offer Price of  Rs 472 per Equity Share, was finalized in consultation with the BSE The Non-lnstitutional Portion has been subscribed to the extent of 127.3085 times. The total number of Equity Shares Allotted in this category is 3.691,954 Equity Shares to 484 successful Non-Institutional Investors. The category-wise details of the Basis of Allotment are as under.(Sample as under)

Category No. of
Applications
Received
% of
Total
Total No, of
Equity Shares
Applied
% to
Total
No.of  Equity
Shares Allotted
per Applicant
Ratio Total No. of
Equity Shares
Allotted
450 38 6.26 17.100 0.00 30 2:19 120
480 1 0.16 480 0.00 30 1:1 30
510 9 1.48 4.590 0.00 30 1:9 30
540 3 0.49 1,620 0.00 30 1:3 30
570 3 0.49 1.710 0.00 30 1:3 30
600 10 1.65 6,000 0.00 30 1:10 30
630 7 1.15 4,410 0.00 30 1:7 30
660 1 0.16 660 0.00 30 1:1 30
690 2 0.33 1,380 0.00 30 1:2 30
720 1 0.16 720 0.00 30 1:1 30
750 3 0.49 2,250 0.00 30 1:3 30
780 1 0.16 780 0.00 30 1:1 30
840 5 0.82 4,200 0.00 30 1:5 30
900 7 1.15 6.300 0.00 30 1:7 30
990 5 0.82 4,950 0.00 30 1:5 30

C- Allotment to QlBs (Excluding Anchor Investors) (After Technical Rejections)
Allotment to QIBs, who have Bid at the Offer Price of Rs 472 per Equity Share, has been done on a proportionate basis in consultation with the BSE. This category has been subscribed to the extent of 52.9811 times of QlB Portion. As per the ICDR Regulations, Mutual Funds were Allotted 5% of the Equity Shares of QIB Portion avaiable i.e. 246,131 Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were Allotted the remaining available Equity Shares i.e. 4,676,474 Equity Shares on a proportionate basis The total number of Equily Shares Allotted1 in the QIB portion is 4,922.605 Equity Shares, which were allotted to 108 successful QIB Bidders. The category-wise details of the Basis of Allotment are as under:

CATEGORY FIS/BANKS MFS ICS VCS AIF Fll/FPC OTHERS TOTAL
ALLOTMENT 1,235,951 1,059,957 610,735 19,393 24,102 1,972,467 - 4,922,605

D. Allotment to Anchor Investors (After Technical Rejections)
The Company and the Selling Shareholders, in consultation with the Lead Managers, have allocated 7,383,906 Equily Shares to 38 Anchor Investors (through 24 Applications) at the Anchor Investor Offer Price of  Rs 472 per Equity Share in accordance with the ICDR Regulations,This represents 60% of the QIB category.

CATEGORY FIS/BANKS MFS ICS VCS AIF FIL/FPC OTHERS TOTAL
ALLOTMENT - 2.670.210 953.460 - - 3.760.236 - 7.383.906

The IPO Commnittee of our Company on October 15.2016 has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, being BSE and has allotted the Equity Shares to various successful Bidders. The Allotment Advice, refund intimations or notices have been dispatched to the address of the investors as registered with the depositories. Further, the instructions, to the Self Certified Syndicate Banks for urblocking of funds, transfer to Public Offer Account have been issued on October 15.2016 and payment to non-Syndicate brokers have been issued on October 17, 2016. In case the same is not received, investors may contad the Registrar to the Offer at the address given below. The details of Equity Shares Allotted to the successful Allottees have been uploaded on October 17,2016 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories oncemed. The Company: has filed the listing application with BSE and NSE on October 17,2016 and the trading is expected to commence on October 19,2016.
All capitalised terms used and not specifically defined herein shall have the same meaning as ascribed to them in the Prospectus.

INVESTORS PLEASE NOTE

The details of the Allotment made will be hosted on the website of the Registrar to the Offer, Link Intime India Private Limited at www.linkintime.co.in
All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the first/ sole Bidder, Bid cum Application Form number. Bidder DP ID, Client ID, PAN, date of submission of Bid cum Application Form, address of the Bidder, number of Equity Shares applied for, the name and address of the Designated Intermediary where the bid cum Application Form was summitted by the Bidder and a copy of the Acknowledgment Slip received from the Designated Intermediary at the address given below:

Link Intime India Private Limited
C-13, Pannalal Silk Mills Compound. LBS.Marg,
Bhandup (Wast), Mumbai 400 078. Maharashtra, India
Telephone: +91 (22) 6171 5400; Facsimile: +91 (22)2596 0329
Email; etl.ipo@linkintime.co.in; Investor Grievance Email; etl.ipo@linkintime.co.in
Website: www.linkintime.co.in; Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR00004058

Place: Mumbai

Date: October 17.2016

For ENDURANCE TECHNOLOGIES LIMITED
On behalf of the Board of Directors
Sd/-
Company Secretary and Vice President- Legal and Compliance Officer

Find the basis of allotment for Endurance Technologies IPO. The basis of allotment document helps to understand how shares are allotted in IPO of Endurance Technologies Ltd. It provides detail about how many valid IPO applications received for Endurance Technologies IPO and IPO allotment ratio in investor categories i.e. Retail, NII, QIB, Employee and Shareholders. You could find the answer to questions like; why I didn't get IPO allotment in Endurance Technologies IPO? or what is the Endurance Technologies IPO allotment ratio?




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