Auto component maker Endurance Technologies' initial public offering was subscribed 92 percent on the second day of the offer today.
The company's IPO received bids for 1,58,70,960 shares against the total issue size of 1,72,29,118 shares, data available with the NSE till 1730 hrs showed.
The quota set aside for qualified institutional buyers (QIBs) was oversubscribed 1.70 times, while non institutional investors received 13 percent subscription.
Retail investors category was subscribed 82 percent.
Endurance Technologies has raised over Rs 348 crore by allotting shares to anchor investors.
The issue comprises 2.46 crore equity shares, including an offer for sale of 1.93 crore shares by private equity firm Actis and 53.17 lakh shares by the promoter.
It has fixed the price band at Rs 467-472 per equity share for the offer which is scheduled to close tomorrow.
The issue is being managed by Axis Capital and Citigroup Global Markets India Pvt Ltd.
The equity 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.
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