Markets

Endurance Technologies fixes IPO price band at Rs 467-472 per share

Our Bureau MUMBAI | Updated on January 16, 2018 Published on September 28, 2016

Auto parts maker Endurance Technologies Ltd hopes to raise over Rs 1,000 crore from the primary market at its initial public share sale next week.

The IPO will run from October 5-7 and the price band is fixed from Rs 467-472. The offer is sized at Rs 1,149 to Rs 1,161 crore at the two ends of the band.

The company is putting over 2.46 crore shares of face value of Rs 10 each on the block, out of which over 1.92 crore shares are sold by Actis Components and System Investments Ltd. The offer constitutes 17.05 per cent of the post-offer capital of the company.

The shares will be listed on the both the BSE and NSE. Axis Capital and Citigroup Global Markets are the book running lead managers to the issue.

Endurance Technologies was the largest 2-wheeler and 3-wheeler auto component manufacturer in India in aggregate revenue

Published on September 28, 2016
This article is closed for comments.
Please Email the Editor