You are here: Home » PTI Stories » National » News
Business Standard

Endurance Technologies to make stock market debut tomorrow

Press Trust of India  |  New Delhi 

Auto components maker Endurance Technologies, which recently raised about Rs 1,161 crore through its initial public offering, is set to list its shares on the stock exchanges tomorrow.

The IPO, which opened for subscription from October 5-7 was over-subscribed 44 times at a price band of Rs 467-472 per share.



The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 53.43 times, while non-institutional investors quota received 127 times subscription. The quota for retail investors was oversubscribed 2.60 times.

The public issue comprises 2.46 crore equity shares, including an offer for sale of 1.93 crore shares by private equity firm Actis and 53.17 lakh shares by the promoter.

The company manufactures two-wheeler and three-wheeler automotive components. It also has operations in with manufacturing facilities in and Germany.

Axis Capital and Citigroup Global Markets are the merchant bankers to the issue.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

Endurance Technologies to make stock market debut tomorrow

Auto components maker Endurance Technologies, which recently raised about Rs 1,161 crore through its initial public offering, is set to list its shares on the stock exchanges tomorrow. The IPO, which opened for subscription from October 5-7 was over-subscribed 44 times at a price band of Rs 467-472 per share. The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 53.43 times, while non-institutional investors quota received 127 times subscription. The quota for retail investors was oversubscribed 2.60 times. The public issue comprises 2.46 crore equity shares, including an offer for sale of 1.93 crore shares by private equity firm Actis and 53.17 lakh shares by the promoter. The company manufactures two-wheeler and three-wheeler automotive components. It also has operations in Europe with manufacturing facilities in Italy and Germany. Axis Capital and Citigroup Global Markets India are the merchant bankers to the issue. Auto components maker Endurance Technologies, which recently raised about Rs 1,161 crore through its initial public offering, is set to list its shares on the stock exchanges tomorrow.

The IPO, which opened for subscription from October 5-7 was over-subscribed 44 times at a price band of Rs 467-472 per share.

The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 53.43 times, while non-institutional investors quota received 127 times subscription. The quota for retail investors was oversubscribed 2.60 times.

The public issue comprises 2.46 crore equity shares, including an offer for sale of 1.93 crore shares by private equity firm Actis and 53.17 lakh shares by the promoter.

The company manufactures two-wheeler and three-wheeler automotive components. It also has operations in with manufacturing facilities in and Germany.

Axis Capital and Citigroup Global Markets are the merchant bankers to the issue.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Endurance Technologies to make stock market debut tomorrow

Auto components maker Endurance Technologies, which recently raised about Rs 1,161 crore through its initial public offering, is set to list its shares on the stock exchanges tomorrow.

The IPO, which opened for subscription from October 5-7 was over-subscribed 44 times at a price band of Rs 467-472 per share.

The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 53.43 times, while non-institutional investors quota received 127 times subscription. The quota for retail investors was oversubscribed 2.60 times.

The public issue comprises 2.46 crore equity shares, including an offer for sale of 1.93 crore shares by private equity firm Actis and 53.17 lakh shares by the promoter.

The company manufactures two-wheeler and three-wheeler automotive components. It also has operations in with manufacturing facilities in and Germany.

Axis Capital and Citigroup Global Markets are the merchant bankers to the issue.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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