Endurance Technologies IPO
Endurance Technologies IPO — date, price band, lot size & details 2016
Endurance Technologies listed on 19 Oct 2016 at ₹572, 21.2% above the ₹472 issue price.
Endurance Technologies makes two wheeler and three wheeler automotive components, plus selected parts for cars and commercial vehicles. Its total income was Rs 3,695.89 crore in FY2016.
Stock price
Endurance Technologies is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 05 Oct 2016
- Close 07 Oct 2016
- Allotment 17 Oct 2016
- Refund/credit 18 Oct 2016
- Listing 19 Oct 2016
Issue summary
The terms of the offer, as filed.
| IPO Dates | 5 to 7 Oct, 2016 |
|---|---|
| Price Band | ₹467 – ₹472 |
| Face Value | ₹10 |
| Lot Size | 30 Shares |
| Issue Size | ₹1161.73 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,160 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 30 shares at the ₹472 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 30 | ₹14,160 |
| Retail (max) | 14 | 420 | ₹1,98,240 |
| S-HNI (min) | 15 | 450 | ₹2,12,400 |
| S-HNI (max) | 70 | 2,100 | ₹9,91,200 |
| B-HNI (min) | 71 | 2,130 | ₹10,05,360 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 3,145.06 crore in FY2014 to Rs 3,695.89 crore in FY2016.
- 02Profit after tax rose from Rs 150.03 crore in FY2014 to Rs 205.60 crore in FY2016.
- 03EBITDA rose from Rs 569.24 crore in FY2014 to Rs 710.63 crore in FY2016.
- 04Total borrowing fell from Rs 344.23 crore in FY2014 to Rs 146.79 crore in FY2016.
Risks · 5
- 01It depends heavily on two wheeler makers, whose sales are cyclical; profit was Rs 53.88 crore in the June 2016 quarter.
- 02Raw material prices drive its costs; total assets were Rs 2,180.53 crore.
- 03Total borrowing rose again to Rs 210.56 crore on 30 June 2016.
- 04The whole Rs 1,161.73 crore issue was an offer for sale, so none of it went to the company.
- 05The promoter held 86.28% before the issue and 82.5% after it, so he controls the company.
Three years of numbers
All figures in ₹ crore, as reported in the Endurance Technologies offer document.
| Metric | 30 Jun 2016 | 31 Mar 2016 | 31 Mar 2015 | 31 Mar 2014 |
|---|---|---|---|---|
| Assets | 2,180.53 | 1,991.73 | 1,879.70 | 1,944.26 |
| Total Income | 970.52 | 3,695.89 | 3,540.01 | 3,145.06 |
| Profit After Tax | 53.88 | 205.60 | 181.40 | 150.03 |
| EBITDA | 193.55 | 710.63 | 637.30 | 569.24 |
| NET Worth | 1,396.34 | 1,342.46 | 1,157.73 | 992.59 |
| Reserves and Surplus | 1,255.68 | 1,324.88 | 1,140.14 | 973.33 |
| Total Borrowing | 210.56 | 146.79 | 226.40 | 344.23 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the Endurance Technologies IPO will be updated shortly.
Endurance Technologies IPO Anchor Investors
38 anchor investors across 22 fund houses committed ₹348.53 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It also makes specified components for four wheeler passenger vehicles and light and heavy commercial vehicles.
It positions itself as a complete solutions provider for its customers.
The IPO was Rs 1,161.73 crore and was entirely an offer for sale at Rs 472, the top of the Rs 467 to Rs 472 band, so the company received no money.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Endurance Technologies IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Axis Capital
255 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Citigroup Global Markets India Pvt. Ltd
74 issues handledBest listing: Tata Technologies (+140.0%). Weakest: Puravankara Projects (-22.5%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Endurance Technologies?
The current Grey Market Premium is ₹0.
What is the Endurance Technologies IPO price band?
₹467 to ₹472, on a face value of ₹10.
When is the allotment?
The basis of allotment is 17 October 2016, with listing on 19 October 2016.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
