Endurance Technologies is in focus after the company reported a decent set of earnings. In an interview to CNBC-TV18, Anurang Jain, Managing Director of Endurance Technologies spoke about the results and his outlook for the company.
The company has a strong cash flow and does not need the money that would come from the IPO, said Anurang Jain, MD, Endurance Technologies.
The Aurangabad-based company aims to mop up nearly Rs 1,162 crore (at higher end of price band) by diluting 17.5 percent stake through the issue that will close on October 7. It already raised Rs 348.52 crore through anchor investors' portion on Tuesday, the day before issue opening.
Maharashtra-based auto component maker Endurance Technologies' 2.46 crore equity shares public issue is set to hit the capital market on October 5. The company has fixed a price band of Rs 467-472 per share.
Take a look at the vision and strategy of how Endurance Technologies was built.