Endurance Tech makes splendid debut, stock surges 21 pc

Image
Press Trust of India New Delhi
Last Updated : Oct 19 2016 | 1:23 PM IST
Shares of auto component maker Endurance Technologies made a remarkable debut at the bourses today, surging more than 21 per cent, over the issue price of Rs 472.
The stock opened the day at Rs 570, up 20.76 per cent over the issue price, on BSE. It later touched the day's high at Rs 618, reflecting a sharp gain of 30.93 per cent.
On NSE, shares of the company listed at Rs 572, surging 21.18 per cent from the issue price.
The company commands a market valuation of Rs 8,645.14 crore.
Endurance Technologies' initial public offering was oversubscribed nearly 44 times earlier this month.
The company had fixed the price band at Rs 467-472 per share for the offer.
The company manufactures two-wheeler and three-wheeler automotive components. It also has operations in Europe with manufacturing facilities in Italy and Germany.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 19 2016 | 1:23 PM IST

Next Story