Endurance Technologies claims to be the largest two-wheeler and three-wheeler automotive component manufacturer in India. For FY2016, its total revenue contribution from India was 70.1% while Europe accounted for the rest 29.9%.
Its major products in India include aluminum castings, aluminium alloy wheels for motorcycles; suspension products such as shock absorbers, front forks and hydraulic dampers; transmission components such as clutch assemblies, cork and paper-based friction plates, continuous variable transmission assemblies (“CVTs”); brake systems, such as hydraulic disc brake assemblies including calipers, master cylinders and rotary disc brakes and hydraulic drum brake assemblies and tandem master cylinder assemblies; and aftermarket services to cater to the replacement market.
[adinserter block=”3″]According to the Aluminium Casters’ Association of India, Endurance is the number one aluminium die-casting company in India in terms of actual output and installed capacity in FY2016.
In Europe, Endurance Technologies has operations in Italy and Germany with highly-automated manufacturing facilities. The operations predominantly cater to four-wheeler OEMs, focusing on engine and transmission components such as raw and machined aluminium castings (high-pressure and gravity die-casting products) and steel, cast iron and engineering plastic parts.
The company operates 25 plants across India, Italy and Germany. This includes 18 manufacturing plants in India, comprising eight in Aurangabad (Maharashtra), five in Pune (Maharashtra), two in Pantnagar (Uttarakhand) and one each in Manesar (Haryana), Chennai (Tamil Nadu) and Sanand (Gujarat), with three in-house tool rooms.
Endurance Technologies’ largest customers in India are Bajaj Auto Limited, Royal Enfield, Honda Motorcycle and Scooter India Private Limited, and India Yamaha Motor Private Limited. In Europe, its largest customer is Fiat Chrysler and its group companies while it also supplies to Daimler.
Promoter of Endurance Technologies: Anurang Jain
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Endurance Technologies IPO details |
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| Subscription Dates | 5 – 7 October 2016 |
| Price Band | INR467-472 per share |
| Offer For Sale | 24,613,024 shares |
| Total IPO size | 24,613,024 shares |
| Minimum bid (lot size) | 30 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
| Endurance Technologies’ consolidated financial performance (in INR crore) | |||||
| FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | |
| Total revenue | 3,831.7 | 3,822.4 | 4,211.9 | 4,916.9 | 5,240.5 |
| Total expenses | 3,599.1 | 3,610.0 | 3,959.8 | 4,589.9 | 4,860.8 |
| Profit after tax | 182.3 | 169.2 | 204.4 | 252.4 | 289.8 |
Endurance Technologies Ltd
E-92, MIDC Industrial Area,
Waluj, Aurangabad 431 136
Phone: +91 240 256 9737
Fax: +91 240 255 1700
Email: investors@endurance.co.in
Website: www.endurancegroup.com
Link Intime India Private Limited
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai – 400 078
Maharashtra, India
Phone: +91 22 2596 3838
Fax: +91 22 2594 6969
Email: etl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Endurance Technologies IPO Subscription Details
| Category | Shares offered |
Subscription status (no. of times, at 6 PM) |
||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 4,922,605 | 0.04 | 2.88 | 53.42 |
| NII | 3,691,954 | 0.02 | 0.21 | 127.06 |
| Retail | 8,614,559 | 0.21 | 1.35 | 2.50 |
| Total | 17,229,118 | 0.12 | 1.54 | 43.74 |
Endurance Technologies IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
You can also check your IPO allotment status from your mobile at
http://eipo.linkintime.co.in/ipo/
http://linkintime.co.in/ipo
IPO Opening Date: 5 October 2016
IPO Closing Date: 7 October 2016
Finalisation of Basis of Allotment: 17 October 2016
Initiation of refunds: 18 October 2016
Transfer of shares to demat accounts: 18 October 2016
Listing Date: 19 October 2016
Listing Price on NSE: INR572 per share (return of 21.2% on IPO price)
Closing Price on NSE: INR654.4 per share (return of 38.6% on IPO price)
seems to be good company
From peer comparison also it looks good
Endurance
PE 22.8
RONW 20%
Bharat Forge
PE 30.8
RONW18.1%
Motherson Sumi
PE 32.8
RONW 30%
Gabriel
PE 22.2
RONW 19.8%
Mahindra CIE
PE 71.9
RONW 4.3%
Munjal Showa
PE 13.4
RONW 13.5%
Very nice points Darshan, I also feel the market is refusing to factor negative news. Weak rainfall in the end and the coming interest rate increase in US tell me there is a correction due now.
whats a kostak rate ?
Allotment out, I’ve got 2 out of three applications :)))
I applied for 6 lot at bid 472 got none…. ???
Can anyone explain me the procedure of allotment?
This is just bad luck Dolwin. Remember it was subscribed 2.5 times and all applications below 2 lacs are treated equally so much better chances of allotment if applied under 6 different accounts than one application of 6 lots.
Mrf will be 1 lac
Endurance is good for long term…Pls hold the investment…. don’t sell in hurry…. its good auto ancillary company with good fundamentals
Hi frnds
I first time I had purchased a share how I will come to know that I had got share or not.
Yet not I had received any massage or email .
So plz help me out
What is the basis of allotment? Applied for 12 lot but got nothing?
I have got 5 lot..kya karna chahiye..Please guide…Seeking guidance…Mr.Bull_Sinha…