Endurance Technologies IPO Opens: Investors Weigh Growth, Valuation and Auto Cycle Risks
Endurance Technologies’ initial public offering opened on Wednesday with the Aurangabad-based auto components maker seeking to raise nearly Rs 1,162 crore at the top end of its price band by selling a 17.5 percent stake. The issue, which closes on October 7, follows a strong anchor book placement of Rs 348.52 crore, but investors are now assessing whether the company’s operating strengths justify the asking valuation amid a mixed automotive demand backdrop.
