Endurance Technologies debuted at Rs 570.00 on the BSE, up by 98 points or 20.76% from its issue price of Rs 472.
The scrip is currently trading at Rs 596.50, up by 124.50 points or 26.38% from its issue price. It has touched a high and low of Rs 601 and Rs 570 respectively. So far 38,38,000 shares were traded on the counter.
The offering, which was open for subscription between October 5 and October 7, was subscribed 43.84 times. The issue price was fixed at Rs 472 per share i.e. at upper end of price band of Rs 467-472 apiece.
Endurance Technologies is the largest two-wheeler and three-wheeler automotive component manufacturer in India in terms of aggregate revenue for FY2015 from its selected product segments. It also has operations in Europe with highly-automated manufacturing facilities in Italy and Germany. Tier one companies are companies that directly supply to OEMs, and it is a tier one supplier to OEMs for most of its products.
| Company Name | CMP |
|---|---|
| SamvardhanaMotherson | 125.00 |
| Tube Investments | 2789.65 |
| Bosch | 37505.60 |
| UNO Minda | 1097.30 |
| CIE Automotive India | 490.15 |
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