Endurance Technologies is coming up with an initial public offer (IPO) of 2.46 crore shares. The issue will open for subscription on Wednesday, 5 October 2016 and closes on Friday, 7 October 2016. The price band for the IPO has been fixed at Rs 467 to Rs 472 per share.

The IPO consists of offer for sale of 1.92 crore hares by Actis Components and System Investments (Actis) and upto 53.17 lakhs by Anurag Jain, the promoter selling shareholder of the company. The offer shall constitute upto 17.5% of the fully diluted post-offer paid-up equity share capital of the company.

The objects of the offer are to achieve the benefits of listing the shares on the stock exchanges and to carry out the offer for sale. The company will not receive any proceeds from the offer and all proceeds shall go to the selling shareholders.

Endurance Technologies' consolidated net profit rose 15.38% to Rs 29.11 crore on 6.58% rise in net revenue from operations to Rs 524.05 crore in the year ended 31 March 2016 (FY 2016) over the year ended 31 March 2015 (FY 2015).

Endurance Technologies is a two-wheeler and three-wheeler automotive component manufacturer. The company has operations in Europe with highly-automated manufacturing facilities in Italy and Germany. The company is a tier one supplier to original equipment manufacturers (OEMs) for most of its products. In India, the company manufactures a diverse range of technology-intensive automotive components for the two-wheeler and three-wheeler segments. The company also manufactures specified components for four-wheeler passenger vehicles, light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs).