Aurangabad based Endurance Technologies Ltd, the largest two-wheeler and three-wheeler automotive component manufacturer in India in terms of revenue and also number one aluminum die-casting company in the country is coming out with a 1000 crore+ IPO on 5th October 2006.
Endurance Tech has announced a Price Band of Rs. 567-572 its Rs 1160 Crore IPO. A quick peer comparison is given below to assess its financial strengths vis a vis other major players.
|Company||Endurance||Bharat Forge||Motherson||Gabriel||Mahindra CIE||Munjal Showa||Rico Auto|
|Market /Issue Price||472||938.7||315.75||119.8||188.25||207.7||64.15|
The company seems to be on strong wicket and presents a reasonable opportunity to investors.
Related Link: Endurance Technologies IPO Analysis: