Endurance Technologies Ltd IPO Message Board (Page 45)

Some of the people are making others fool so they get allotment in this IPO. Please don''t miss guide others.

This is an IPO with clear apply :) :) :)

Happy investing.

Why should we avoid. In fact we can sell at 650 in Grey. Gmp
70-72
Application Rates 650-750
Strategy:- Sell N Apply. Dont Miss

Thank''s sir from your veluable suggestion..
i will apply..

Tnx Arjunji

Apply to Endurance.

GMP 76-78 kostak Rs 700

No need to avoid ...

FY 17 PE near to 20 i.e. very reasonable and underpriced @472

Yes, due to ipL,hPL all''s money blocked.that''s why negative views by people
But that''s not endurance problem.


PE near 20 for an Auto Ancillaries stock is very much reasonable.

Can''t miss...

My view

I mean war or border tension whichever it may be...

Well in that situation all shares will go down.
Listing day is just first day ..it will deliver returns in mid term for sure if not on listing day.

Border tention ki vajah se sare shares to nhi bech denge na..?
Then why skip ipo?

I think one should take opportunity and subscribe. due to fear in retailers high chances of allotment also.

A big avoid. May be 2-3% up listing but will surely trade below issue price. Long players are hereafter advice to add post listing. Listing pops may be missed. Markets are choppy. Traders don't get trapped.

said avoid GNA.

I applied to it. I had information that it will give good listing gains. GNA is 257 today.

Again this IPO is good apply. Let''s make a list of people who says avoid and apply.

Yes, I didn''t apply for more than 1 lot and missed GNA due to no contribution from eagleye and other reliable boarders.

After listing I will buy it Rs 50 discount.

Endurance will list at huge discount. Make sure you don''t lose much. I have shorted Nifty. I am sure Nifty will reach 8400. Next Monday.!! Endurance Seller 60

Iis suggestion not to misguide retail investor.Investment does not mean to earn on listing day itself.

Markets would witness major fall in November end. Till then no risk is there. We should subscribe endurance

be cautious

big correction may come in mkt.
avoid ipo.

big correction may come in secondary mkt within this week or next week.

be cautious and book profit.

Gravita Parol,
''
If I am not wrong than you predicted several things for Infibeam IPO and almost everything works totally opposite. Dont consider my comment as criticism but as learning lesson.

No base to your comment. Please provide a suitable reason.

Comparison with Listed Industry Peers
Name of the company Revenue from
operations
and other
Income (` in
million)
*
Face Value
per Equity
Share (`)
*
‌P/E,* EPS,* (`),* RONW,* NAV per
Share (`)
Basic Diluted
Endurance Technologies
Limited@ 52,745.46 *10.00* [●] *20.70* 20.70* 20.01%* 103.48
Bharat Forge Limited*
77,800.80 *2.00 *30.84 *27.92* 27.92* 18.18%* 153.61
Motherson Sumi Systems
Limited* 387,161.30 *1.00* 32.81 *9.63 *9.63 *30.00%* 32.09
Gabriel India Limited#
14,424.41 *1.00 *22.28 *5.24* 5.24 *19.80% *26.45
Mahindra CIE Automotive
Limited *(1) 38,786.50* 10.0
0* 71.96 *2.70 *2.70 *4.34%* 62.19
Munjal Showa Limited#
15,064.56 *2.00 *13.46 *15.29 *15.29 *13.50%* 113.24
Rico Auto Industries
‌Limited* 10,211.60* 1.00* 29.91 *2.18* 2.18 *6.26%* 34.78

Peer''s P/E RATIO as on closing price of 14/09/16

I want to see anchor investors list on this page, so i post a message regarding this. but list of anchor investor is not display on this forum. My message is also deleted. thanks for deleting message.

Somebody have posted the link yesterday. Anchor portion is alloted @ 472.

@ Mudit Natani

We haven''t find any of your message deleted. It''s just gone on next page. Please let us know which message you are exactly talking about?

IPOwatch website gives net profit of 290 crs for fy 2016, Chitorgadh.com giving np of 206 crs. Now whom to believe ?

Pros

Market is doing good
Stable performance(Good revenue growth and decent margins) by the company
Fundamentals are also good
Sector has no worries in near long term
Market leader in its products
Client Base is phenomenal

Cons

Cross border issues can damage market sentiment.
Long gap between closing date and listing date
Not offered at large discount(listing gains can be moderate to good)
Overseas business is limited to Europe

*Based on secondary research
**Excluding family owned business from cons as it hasn''t shown any impacts.

''My'' recommendation
For Listing Gains : Wait till third day
For Long Term : Subscribe

Missed out a major con..

It''s an OFS there is no gain for the company from the IPO. Only the promoters going to get the money.

Endurance Technology Ltd
(Refer Page No 542 of RHP dated 26th September 2016)
04-Oct-16 – Participation by Anchor Investors

05-Oct-16 – Bid/Offer Opening Date

07-Oct-16 – Bid/Offer Closing Date

17-Oct-16 – Finalisation of Basis of Allotment
18-Oct-16 – Unblocking of Funds from ASBA Account
18-Oct-16 – Credit of Equity Shares to Demat Account
19-Oct-16 – Commencement of Trading on NSE/BSE

Overpriced..not going to subscribe.

The pricing is not too steep. The PAT margin for last 3 years is 4.8, 5.1 and 5.5 %. The company caters to 2 wheeler industry as OEM in India in general and Bajaj Auto in particular, while it caters to 4 wheeler industry based out of its plants in Europe. Fundamentals are good and this issue being purely an offer for sale by PE player Actis and the promoter, there shall be no dilution in earnings post the IPO. At PE of 20.60 as against industry average of 28.29 it is priced reasonably. Listing gains will be average but negative listing may not happen like in immediate past few IPOs. Those want to have an exposure to this sector (Auto) may go for it with a small application,

This issue can only be compared with gabriel as profit margin is 5.5% and not with motherson sumi as profit margin is higher.Gabriel is at 22 P/e and Endurance too has p/e of 22.Hence the issue is at current valuation and not much upside possible.Therefore do not go by ind average of 28.29.

When we talk of industry average all listed companies with high and low PE are included. Why only Gabriel ? Endurance does not manufacture shock absorbers!

retail public very dissapointed two ipo listing very bed

yes fair value 430 big avoid

Any link for seeing the current percentage of allotment in all the three categories?

https://www.nseindia.com/products/content/equities/ipos/ipo_current_endurance.htm?cat=A has the status for all the categories.

Retail investors wait till 7th.
Will speak out the fair %age of investment from hni and qip. Till then hold your application.