Divgi TorqTransfer Systems
Mainboard₹14,750 / 25 Shares
Divgi TorqTransfer Systems IPO Details
The Divgi TorqTransfer Systems IPO price band is set between 560-590 per equity share, with a face value of ₹5 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 1 Mar, 2023 and closes on 3 Mar, 2023. Investors can check the allotment status on 9 Mar, 2023, while the listing date is tentatively scheduled for 14 Mar, 2023.
The total issue size is Total 412 Cr Approx = Fresh Issue : 180 Cr + 3,934,243 shares OFS, aggregating up to . Stay tuned for the latest Divgi TorqTransfer Systems IPO review and GMP updates.
Divgi TorqTransfer Systems IPO Review, Rating & Analysis
Divgi TorqTransfer Systems IPO Review
NO REVIEWDivgi TorqTransfer Systems IPO Rating
Divgi TorqTransfer Systems IPO Highlights
IPO Date
Mar 1, 2023 - Mar 3, 2023
Listing Date
14 Mar, 2023
Face Value
₹5 Per Equity Share
Price Band
560-590 per equity share
Lot Size
25 Shares
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Divgi TorqTransfer Systems IPO Lot Size
The minimum market lot for Divgi TorqTransfer Systems IPO is 25 shares with an application amount of ₹14,750. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹14,750 |
| Retail (Max) | 13 | 325 | ₹1,91,750 |
| S-HNI (Min) | 14 | 350 | ₹2,06,500 |
| S-HNI (Max) | 67 | 1675 | ₹9,88,250 |
| B-HNI (Min) | 68 | 1700 | ₹10,03,000 |
Divgi TorqTransfer Systems IPO Timeline
Issue Price
560-590 per equity shareFace Value
₹5 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
Inga Ventures Pvt LtdEquirus Capital Private LimitedIssue Size
Total 412 Cr Approx = Fresh Issue : 180 Cr + 3,934,243 shares OFSDivgi TorqTransfer Systems IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 22 | 405.37 | 241.87 | 46.15 | - | - | - |
| 31 Mar 21 | 362.88 | 195.03 | 38.04 | - | - | - |
| 31 Mar 20 | 303.70 | 170.74 | 28.04 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Jitendra Bhaskar Divgi, Hirendra Bhaskar Divgi
- Divgi Holdings Private Limited
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 67.18% | N/A% |
About Company
Divgi TorqTransfer Systems Limited is engaged in the business as an automotive component entity. They are among the very few automotive component entities in India with the capability to develop and provide system-level transfer cases, torque couplers, and dual-clutch automatic transmission solutions.
Divgi TorqTransfer is one of the leading players supplying transfer case systems to automotive OEMs in India and the largest supplier of transfer case systems to passenger vehicle manufacturers in India. Not only thi are also the only player manufacturing and exporting transfer cases to global OEMs from India, and the only manufacturer of torque couplers in India.
Divgi TorqTransfer Systems Limited manufactures and supplies its products under a wide range which includes-
-Torque transfer systems (which includes four-wheel-drive ("4WD") and all-wheel-drive ("AWD") products);
-Synchronizer systems for manual transmissions and DCT;
-Components for the above-mentioned product categories for torque transfer systems and synchronizer systems in manual transmission, DCT, and EVs.
Alongside, they have also developed
-Transmission systems for EVs;
-DCT systems;
-Rear wheel drive manual transmissions.
Divgi TorqTransfer Systems IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 2,095,528 | 1,047,763 698,508 349,255 | 698,509 | 3,841,800 |
Day 1 -01-03-23 05:00 PM | 0.00 x | 0.06 0.04 x 0.09 x | 0.60 x | 0.12 x |
Day 2 -02-03-23 05:00 PM | 0.06 x | 0.22 0.15 x 0.37 x | 1.56 x | 0.38 x |
Day 3 -03-03-23 05:00 PM | 7.83 x | 1.40 0.89 x 2.41 x | 4.31 x | 5.44 x |
Frequently Asked Questions about Divgi TorqTransfer Systems IPO
When will Divgi TorqTransfer Systems IPO open for subscription?
The Divgi TorqTransfer Systems IPO opens on 1 Mar, 2023 and closes on 3 Mar, 2023.
What is the investors portion for Divgi TorqTransfer Systems IPO?
The investors' portion for QIB is 7.83 x, NII is 0.89 x, and Retail is 4.31 x.
How to apply for Divgi TorqTransfer Systems IPO?
You can apply for Divgi TorqTransfer Systems IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Divgi TorqTransfer Systems IPO?
The issue size of Divgi TorqTransfer Systems IPO is approx ₹Total 412 Cr Approx = Fresh Issue : 180 Cr + 3,934,243 shares OFS crores.
What is the price band of Divgi TorqTransfer Systems IPO?
The price band for Divgi TorqTransfer Systems IPO is 560 to ₹590 per equity share.
What is the lot size of Divgi TorqTransfer Systems IPO?
The minimum bid (lot size) for Divgi TorqTransfer Systems IPO is N/A shares with an investment of approx ₹14,750 .
What is the allotment date of Divgi TorqTransfer Systems IPO?
The allotment date for Divgi TorqTransfer Systems IPO is 9 Mar, 2023.
What is the listing date of Divgi TorqTransfer Systems IPO?
The listing date for Divgi TorqTransfer Systems IPO is expected to be 14 Mar, 2023.
What is the GMP of Divgi TorqTransfer Systems IPO?
The latest Grey Market Premium (GMP) for Divgi TorqTransfer Systems IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.