New Delhi: Auto component maker Endurance Technologies' initial public offering was oversubscribed 1.44 times till afternoon trade on the last day of the bidding today.
The company's IPO received bids for 2,48,36,460 shares against the total issue size of 1,72,29,118, NSE data available till 1215 hours showed.
Endurance Technologies has raised over Rs 348 crore by allotting shares to anchor investors.
The issue comprises 2.46 crore shares, including an offer for sale of 1.93 crore, by private equity firm Actis and 53.17 lakh shares by the promoter.
It has fixed the price band at Rs 467-472 per share for the offer, which is scheduled to close today.
The issue is being managed by Axis Capital and Citigroup Global Markets India Pvt.
The shares are proposed to be listed on BSE and National Stock Exchange (NSE).
The company manufactures two-wheeler and three-wheeler automotive components. It also has operations in Europe with manufacturing facilities in Italy and Germany.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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