Must know facts about Endurance Technologies IPO

endurance technologies ipo allotmentEndurance Technologies Limited is all set to get listed on the National Stock Exchange soon. You can get all the information related to Endurance Technologies IPO i.e. Price band, Important Dates along with company profile, Allotment Status, Listing Dates, and most of the relevant information too. The company has already filed a Red Herring Prospectus and received the nod for the same from SEBI.

The IPO is scheduled to open by 5th October 2016 with a price band of Rs.467 to Rs.472 per equity share. The lot size for applying the IPO has been decided for 30 shares. One can apply the issue  through ASBA i.e. Application supported by Blocked amount only. The retail investor can apply maximum amount of Rs. 2 lacs i.e. the value of the application . The firm offers up to 24,613,024 Equity Shares of initial public offering with the Face value of Rs. 10 each. Offer for sale includes Equity shares up to 19,295,968 and the promoter of the company Mr. Anurang Jain holds up to 5,317,056 equity shares.

Company Profile:

endurance technologies ipoThe Company was incorporated on December 27, 1999, based in Maharashtra, India. It manufactures and delivers tow wheeler and three wheeler automotive component. It works as a Tier one company , which directly supply to OEMs for most of its products. The company deals as a complete solutions  serving end-to-end facilities after focusing its customers from conception to end-user delivery. Design, Development, validation, testing, manufacturing, delivery and aftermarket sale service with technology-intensive auto component products are playing a key role to satisfy its customers and diversification of its customer base.

The company is also engaged to manufacture specified components for four-wheeler passenger vehicles, light commercial vehicles (“LCVs”) and heavy commercial vehicles (“HCVs”). In India, it is offering various products and services as raw and machined aluminium castings, suspension, transmission, brake systems, aftermarket services to cater to the replacement market. Bajaj Auto Limited (“Bajaj”), Royal Enfield (a unit of Eicher Motors Ltd.) (“Royal Enfield”), Honda Motorcycle and Scooter India Private Limited (“Honda”), and India Yamaha Motor Private Limited (“Yamaha”) are some of its major customers in India. On the other hand, the company offers four wheeler OEMs specially for engine and transmission components in Europe.

The company has a set up of near 25 plants across in India, Italy, and Germany. In India, it runs 18 manufacturing plants where eight of the plants are located in Aurangabad (Maharashtra), five in Pune (Maharashtra), two in Pantnagar (Uttarakhand) and one each in Manesar (Haryana), Chennai (Tamil Nadu) and Sanand (Gujarat), with three in-house tool rooms.

Outlook of the Firm:

  1. Robust track record of organic and inorganic growth ;
  2. A blossom provider and manufacturer of two wheeler and three wheeler automotive components in India;
  3. Offering a wide variety of OEMs;
  4. An established and strong research and development segment along with robust technologies;

Objects Of The Issue:

  1. To get the advantages of listing the Equity Shares on the Exchanges to carry out the offer for sale.
  2. To enhance the brand name providing liquidity to the existing shareholders.
  3. To provide liquidity to its existing Shareholders.
  4. IPO will facilitate to trade after listing at public market in India.

Summary Of Endurance Technologies IPO

Issue Open:- 5th October to 7th October 2016
Issue Type 100% Book Build Issue IPO
Issue Size (Shares) [24,613,024.]Equity Shares of Rs. 10
Issue Size in (Value)  1161.73 Crores approx.
Face Value Rs. 10 Per Equity Share
Issue Price Rs. 467 -472 Per Equity Share
Market lots  30 Shares
 Minimum Order Quantity  30 Shares
Listing At NSE, BSE

The Public offer includes:- 24,613,024 Equity Shares

Particular Number Of Equity Shares
Fresh Issue of Equity Shares aggregating up to Rs.* million
Offer For sale of 19,295,968 Up  Equity Shares 

Important dates for Endurance Technologies IPO Allotment Status

  • The Allotment date for Endurance Technologies IPO issue is expected to be on October 12 ,2016
  • The amount will get unblocked on October 13,2016
  • The Shares are expected to credited in DP accounts on October 14,2016
  • The Shares of Endurance Technologies are likely to be listed October 17,2016 on both NSE & BSE.

Endurance Technologies IPO Allotment Status

Endurance Technologies IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

one can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

  1. Click on the given link See Allotment Status here
  2. Go to Application Status
  3. Select IPO as Endurance Technologies IPO
  4. Enter you PAN Number or Application Id or DP Client Id.

It takes little time to fetch information so you need to be little patient.

Endurance Technologies Limited Listing Date

The Shares of Endurance Technologies are likely to be listed October 17, 2016 on both NSE & BSE.

Promoters Of the Company:

Mr. Anurang Jain:-  He is managing director of the company. He is associated with the firm since five years.

Financials:

Particulars   For the year/Period ended (Rs. in Million)
Financial Year 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total  Liabilities 32916.90 27858.01 25174.81 23428.32 23358.26
Total Assets 32916.90 27858.01 25174.81 23428.32 23358.26
Total Revenue 52405.55 49169.50 42119.04 38224.93 38317.49
Total Expenses 48608.12 45899.52 39598.91 36100.43 35991.97
Profit After Tax (PAT) 2898.31 2524.35 2044.77 1692.93 1823.03

Book Running Lead Managers Details:

Axis Capital Limited

1st Floor, Axis House C-2, Wadia International Centre, P.B. Marg, Worli, Mumbai 400 025

Telephone: + 91 (22) 4325 2183  Facsimile : +91 (22) 4325 3000

Email: endurance.ipo@axiscap.in

Investor grievance Email: complaints@axiscap.in

Website: www.axiscapital.co.in

Contact Person: Mr. Ankit Bhatia

SEBI registration number: INM000012029

Citigroup Global Markets India Private Limited

1202, 12th Floor, First International Financial Center, G-Block

Bandra Kurla Complex, Bandra, East Mumbai 400 051

Telephone: +91 (22) 6175 9999   Facsimile: +91 (22) 6175 9898

Email: endurance.ipo@citi.com

Investor Grievance Email: investors.cgmib@citi.com

Website: www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm

Contact Person: Mr. Gursartaj Singh Nijjar

SEBI Registration No.: INM000010718

Registrar To The Issue:

Link Intime India Private Limited

C-13,  Pannalal Silk Mills Compound, L.B.S. Marg, Bhandup (West)

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.: INR000004058

Registered Office Details:

K-228, MIDC Industrial Area, Waluj, Aurangabad 431 136, Maharashtra, India;

Telephone: +91 (240) 256 6686;  Facsimile: +91 (240) 255 6685

Corporate Office: E-92, MIDC Industrial Area, Waluj, Aurangabad 431 136, Maharashtra, India;

Telephone: +91 (240) 256 9737; Facsimile: +91 (240) 255 1700

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