Endurance Tech IPO 43.7 times oversubscribed on last day

On the last day of Initial Public Offering (IPO), Endurance Technologies witnessed 43.70 times oversubscription, NSE data showed.

As per the data, the issue saw bids for 75.25 crore shares, which was 43.68 time the total issue size of 1.73 crore shares. 

Till noon, the Qualified Institutional Buyers (QIB) oversubscribed their share by 1.70 times, at 83.44 lakh shares against 49.92 lakh shares offered. On NSE, the Retail Individual Investors tapped 82% of issue size with 70.46 lakh shares bid.

Endurance Technologies is looking to raise Rs 1161 crore at price band between Rs 467 – Rs 472 per share.

Endurance Technologies Ltd (ETL) is India’s largest two-wheeler (55% of revenue) and three-wheeler (9%) automotive component supplier.