Endurance Technologies IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 05/10 - 07/10
Issue Size ₹1161.73 Cr
Issue Price ₹467 - 472
Market Lot 30 Shares
Shares on Offer 24,613,024
Registrar
GMP ₹78 - 80
Kostak ₹600 - 650
Subject to Sauda N/A
Listing Date 19-Oct
Listing Price ₹572
Listing Gain% 21.19

About Endurance Technologies Ltd IPO

Endurance Technologies is one of India's leading automotive component manufacturing companies. Anurang Engineering Company Private Limited which merged into Endurance Technologies in 2006, commenced manufacturing of aluminium castings in Aurangabad, Maharashtra, India in FY 1986. Over time, Endurance Technologies has grown organically in India and diversified the capabilities by introducing suspension products, transmission products and brake systems. Starting with two aluminium casting machines in FY 1986, they have grown to operate 18 plants in India and 7 plants in Europe. Today Endurance Technologies is the largest aluminium die casting manufacturer* in India and one of the leading automotive component manufacturers in aluminium die casting (including alloy wheels), suspension, transmission and brake systems. They are a complete solution provider from design to after-market service.

In Europe they predominantly cater to ftheir wheeler OEMs, focusing on engine and transmission components. Their products include raw and machined aluminium castings (high pressure and gravity die castings products) and steel, cast iron and engineering plastic parts.

Please refer to https://www.endurancegroup.com for details.

Company Financials

Particulars 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets (In ₹ Millions) 19,917.30 18,796.98 19,442.64 19,072.74 19,139.43
Total Revenue (In ₹ Millions) 36,958.85 35,400.09 31,450.63 27,377.65 27,855.36
Profit After Tax (PAT) (In ₹ Millions) 2,055.96 1,813.99 1,500.31 1,009.79 1,060.48

Endurance Technologies Ltd IPO IPO Reviews

  • Rating: 
  • Recommendation:
  • Endurance Technologies IPO Listed at Rs.572, Solid listing gain of 21%.
  • Endurance Technologies IPO Subscribed 44 times overall, Retail Subscribed 2.69 times.
  • Endurance Technologies IPO Subscribed 12% on Day 1.
  • Endurance Technologies IPO opens tomorrow, are you subscribing?
  • The Grey Markey Premium (GMP) for Endurance Technologies is 78 - 80. This is recommended as a "Buy" by their website.

Subscription Details

Date & Time QIB NII RII Total
Day 1 - Oct 5,2016 0.04 0.03 0.21 0.12
Day 2 - Oct 6,2016 1.70 0.13 0.82 0.92
Day 3 - Oct 7,2016 53.43 127.07 2.69 43.84

Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status

Endurance Technologies Ltd IPO IPO FAQs

  1. When will Endurance Technologies Ltd IPO IPO open?

    Endurance Technologies Ltd IPO IPO will open on 05/10 and close on 07/10.

  2. What is the listing date of Endurance Technologies Ltd IPO IPO?

    Endurance Technologies Ltd IPO IPO will list on 19-Oct.

  3. What is the offer price of Endurance Technologies Ltd IPO IPO?

    The offer price of Endurance Technologies Ltd IPO IPO is ₹467 - 472.

  4. What is the lot size of Endurance Technologies Ltd IPO IPO?

    The lot size of Endurance Technologies Ltd IPO IPO is 30.

  5. What is the Grey Market Premium (GMP) price of Endurance Technologies Ltd IPO IPO?

    The Grey Market Premium (GMP) price of Endurance Technologies Ltd IPO IPO is ₹78 - 80.

  6. What is the Kostak price of Endurance Technologies Ltd IPO IPO?

    The Kostak price of Endurance Technologies Ltd IPO IPO is ₹600 - 650.

  7. What is the Subject to Sauda price for Endurance Technologies Ltd IPO IPO?

    The Subject to Sauda price for Endurance Technologies Ltd IPO IPO is Not Available at the moment.

Endurance Technologies Ltd IPO IPO Review/Comments

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