Endurance Technologies Lists On The Exchanges; Shares Surge 23%

Shares in Endurance Technologies got listed on the bourses today at a 23 per cent higher price.

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Shares in Endurance Technologies got listed on the bourses today at a hefty premium of almost 23 per cent at Rs 615 on the NSE.

Endurance Technologies Lists On The Exchanges; Shares Surge 23%
The company has fixed the IPO price at Rs 472-473 on the NSE. The company had raised a huge amount of Rs 1,161 crores from various categories of investors, including the anchor investors.

The issue was oversubscribed almost 44 times. There was huge demand from institutional investors, who subscribed to the offer by almost 54 times.

Endurance Technologies is amongst the biggest component suppliers to the 2-wheeler and 3-wheeler industry in India.

The company has as many as 18 plants in India and as many as 7 plants in Europe. Check stock quote of Endurance Technologies

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Read more about: ipo, endurance technologies
Story first published: Wednesday, October 19, 2016, 13:27 [IST]
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