You are here: Home » Markets » News

Endurance Technologies lists at 21% premium to issue price

The stock listed at Rs 572 on the NSE, a 21% premium against its issue price of Rs 472 per share.

has listed at Rs 572 on the National Stock Exchange (NSE), a 21% premium against its issue price of Rs 472 per share. LINK

At 10:05 am, the stock was trading at Rs 591, after hitting a high of Rs 592 on the NSE post its listing.  It opened at Rs 570 on BSE. A combined 11.37 million shares changed hands on the counter so far.

Automotive parts maker had raised Rs 1,162 crore through initial public offering (IPO), which was oversubscribed 43.84 times. The company fixed the issue price at Rs 472 per share, at the upper end of the Rs 467-472 per share price band.

The qualified institutional buyers' (QIBs) portion oversubscribed 53.43 times, non institutional investors chunk 127 times and retail investor’s portion 2.70 times. There were 752 million bids, worth Rs 35,000 crore, against the 17.2 million shares on offer, according to data available with the BSE.

Endurance was established in 1985 and specialises in manufacture of aluminium die casting products. The company derives a little more than 40% of revenue from this vertical. Other key business segments are manufacturing of suspension, transmission and braking products.
 

image
Business Standard
177 22
Business Standard

Endurance Technologies lists at 21% premium to issue price

The stock listed at Rs 572 on the NSE, a 21% premium against its issue price of Rs 472 per share.

SI Reporter  |  Mumbai 

Endurance Technologies lists at 21% premium to issue price

has listed at Rs 572 on the National Stock Exchange (NSE), a 21% premium against its issue price of Rs 472 per share. LINK

At 10:05 am, the stock was trading at Rs 591, after hitting a high of Rs 592 on the NSE post its listing.  It opened at Rs 570 on BSE. A combined 11.37 million shares changed hands on the counter so far.


Automotive parts maker had raised Rs 1,162 crore through initial public offering (IPO), which was oversubscribed 43.84 times. The company fixed the issue price at Rs 472 per share, at the upper end of the Rs 467-472 per share price band.

The qualified institutional buyers' (QIBs) portion oversubscribed 53.43 times, non institutional investors chunk 127 times and retail investor’s portion 2.70 times. There were 752 million bids, worth Rs 35,000 crore, against the 17.2 million shares on offer, according to data available with the BSE.

Endurance was established in 1985 and specialises in manufacture of aluminium die casting products. The company derives a little more than 40% of revenue from this vertical. Other key business segments are manufacturing of suspension, transmission and braking products.
 

RECOMMENDED FOR YOU

Endurance Technologies lists at 21% premium to issue price

The stock listed at Rs 572 on the NSE, a 21% premium against its issue price of Rs 472 per share.

The stock listed at Rs 572 on the NSE, a 21% premium against its issue price of Rs 472 per share.
has listed at Rs 572 on the National Stock Exchange (NSE), a 21% premium against its issue price of Rs 472 per share. LINK

At 10:05 am, the stock was trading at Rs 591, after hitting a high of Rs 592 on the NSE post its listing.  It opened at Rs 570 on BSE. A combined 11.37 million shares changed hands on the counter so far.

Automotive parts maker had raised Rs 1,162 crore through initial public offering (IPO), which was oversubscribed 43.84 times. The company fixed the issue price at Rs 472 per share, at the upper end of the Rs 467-472 per share price band.

The qualified institutional buyers' (QIBs) portion oversubscribed 53.43 times, non institutional investors chunk 127 times and retail investor’s portion 2.70 times. There were 752 million bids, worth Rs 35,000 crore, against the 17.2 million shares on offer, according to data available with the BSE.

Endurance was established in 1985 and specialises in manufacture of aluminium die casting products. The company derives a little more than 40% of revenue from this vertical. Other key business segments are manufacturing of suspension, transmission and braking products.
 

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard