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Auto parts maker Endurance Technologies Ltd hopes to raise over ₹1,000 crore from the primary market at its initial public share sale next week.
The IPO will run from October 5 to 7 and the price band is fixed at ₹467-472. The offer is sized at ₹1,149-1,161 crore at the two ends of the band.
The company is putting over 2.46 crore shares of face value of ₹10 each on the block, out of which over 1.92 crore shares are sold by Actis Components and System Investments. The offer constitutes 17.05 per cent of the post-offer capital of the company.
The shares will be listed on the BSE and the NSE. Axis Capital and Citigroup Global Markets are the book-running lead managers to the issue.
Endurance Technologies was the largest 2-, 3-wheeler auto component manufacturer in India in aggregate revenue in FY15.
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