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Divgi TorqTransfer Systems IPO is a book built issue of Rs 412.12 crores. The issue comprises of fresh issue of Rs 180.00 crore and offer for sale of 0.39 crore shares.
Divgi TorqTransfer Systems IPO bidding started from March 1, 2023 and ended on March 3, 2023. The allotment for Divgi TorqTransfer Systems IPO was finalized on Thursday, March 9, 2023. The shares got listed on BSE, NSE on March 14, 2023.
Divgi TorqTransfer Systems IPO price band is set at ₹560 to ₹590 per share. The minimum lot size for an application is 25 Shares. The minimum amount of investment required by retail investors is ₹14,750. The minimum lot size investment for sNII is 14 lots (350 shares), amounting to ₹206,500, and for bNII, it is 68 lots (1,700 shares), amounting to ₹1,003,000.
Inga Ventures Pvt Ltd and Equirus Capital Private Limited are the book running lead managers of the Divgi TorqTransfer Systems IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Divgi TorqTransfer Systems IPO RHP for detailed information.
| IPO Date | March 1, 2023 to March 3, 2023 |
| Listing Date | March 14, 2023 |
| Face Value | ₹5 per share |
| Price Band | ₹560 to ₹590 per share |
| Lot Size | 25 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹412.12 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹180.00 Cr) |
| Offer for Sale | 3,934,243 shares of ₹5 (aggregating up to ₹232.12 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Divgi TorqTransfer Systems IPO offers 6,985,090 shares. 2,095,528 (30.00%) to QIB, 1,047,763 (15.00%) to NII, 698,509 (10.00%) to RII 3,143,290 (45.00%) to Anchor investors. 27,940 RIIs will receive minimum 25 shares and 997 (sNII) and 1,995 (bNII) will receive minimum 350 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 3,143,290 (45.00%) | NA |
| QIB Shares Offered | 2,095,528 (30.00%) | NA |
| NII (HNI) Shares Offered | 1,047,763 (15.00%) | |
| bNII > ₹10L | 698,508 (10.00%) | 1,995 |
| sNII < ₹10L | 349,255 (5.00%) | 997 |
| Retail Shares Offered | 698,509 (10.00%) | 27,940 |
| Total Shares Offered | 6,985,090 (100%) |
Divgi TorqTransfer Systems IPO raises Rs 185.45 crore from anchor investors. Divgi TorqTransfer Systems IPO Anchor bid date is February 28, 2023. Divgi TorqTransfer Systems IPO Anchor Investors list
| Bid Date | February 28, 2023 |
| Shares Offered | 3,143,290 |
| Anchor Portion Size (In Cr.) | 185.45 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 8, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 7, 2023 |
Divgi TorqTransfer Systems IPO opens on March 1, 2023, and closes on March 3, 2023.
| IPO Open Date | Wednesday, March 1, 2023 |
| IPO Close Date | Friday, March 3, 2023 |
| Basis of Allotment | Thursday, March 9, 2023 |
| Initiation of Refunds | Friday, March 10, 2023 |
| Credit of Shares to Demat | Monday, March 13, 2023 |
| Listing Date | Tuesday, March 14, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 3, 2023 |
Investors can bid for a minimum of 25 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹14,750 |
| Retail (Max) | 13 | 325 | ₹191,750 |
| S-HNI (Min) | 14 | 350 | ₹206,500 |
| S-HNI (Max) | 67 | 1,675 | ₹988,250 |
| B-HNI (Min) | 68 | 1,700 | ₹1,003,000 |
| Lot Size Calculator | |||
Jitendra Bhaskar Divgi, Hirendra Bhaskar Divgi and Divgi Holdings Private Limited are the promoters of the company.
| Share Holding Pre Issue | 67.18% |
| Share Holding Post Issue |
Incorporated in 1964, 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-
Alongside, they have also developed
Divgi TorqTransfer Systems Limited also takes pride in being among the few companies that serve as both, systems-level solution providers and component kit suppliers to global OEMs and Tier I transmission systems suppliers.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 303.70 | 170.74 | 28.04 | 209.53 | 203.51 | 50.41 |
| 31-Mar-21 | 362.88 | 195.03 | 38.04 | 295.88 | 288.99 | 0.26 |
| 31-Mar-22 | 405.37 | 241.87 | 46.15 | 340.02 | 326.25 | 0.12 |
| 30-Sep-22 | 430.21 | 137.55 | 25.66 | 356.20 | 342.44 | 0.50 |
| Amount in ₹ Crore | ||||||
The market capitalization of Divgi TorqTransfer Systems IPO is Rs 1804.39 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 35.16 |
The Company proposes to utilize the Net Proceeds from the Fresh Issue towards the following objects:
[Dilip Davda] DTTL has created a niche place in the segment with a variety of products for OEMs under one roof. Based on its current financial data, though the issue appears fully priced, it is a long race horse set for bright prospects. The company has paid dividends for the last three fiscals. Investors may lap it up with a long-term perspective. Read detail review...
The Divgi TorqTransfer Systems IPO is subscribed 5.44 times on March 3, 2023 7:00:00 PM. The public issue subscribed 4.31 times in the retail category, 7.83 times in the QIB category, and 1.40 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 7.83 |
| NII | 1.40 |
| bNII (bids above ₹10L) | 0.89 |
| sNII (bids below ₹10L) | 2.41 |
| Retail | 4.31 |
| Total | 5.44 |
| Listing Date | March 14, 2023 |
| BSE Script Code | 543812 |
| NSE Symbol | DIVGIITTS |
| ISIN | INE753U01022 |
| Final Issue Price | ₹590 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹590.00 |
| ₹600.00 |
| ₹557.20 |
| ₹615.75 |
| ₹605.15 |
| NSE |
|---|
| ₹590.00 |
| ₹620.00 |
| ₹560.00 |
| ₹620.00 |
| ₹605.20 |
Divgi TorqTransfer Systems Limited
Plot No. 75,
General Block, MIDC
Bhosari, Pune 411026
Phone: +91 020 – 27302000
Email: sckadrolli@divgi-tts.com
Website: http://www.divgi-tts.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: Divgi.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Divgi TorqTransfer Systems IPO is a main-board IPO of [.] equity shares of the face value of ₹5 aggregating up to ₹412.12 Crores. The issue is priced at ₹560 to ₹590 per share. The minimum order quantity is 25 Shares.
The IPO opens on March 1, 2023, and closes on March 3, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Divgi TorqTransfer Systems IPO using UPI as a payment gateway. Zerodha customers can apply in Divgi TorqTransfer Systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Divgi TorqTransfer Systems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Divgi TorqTransfer Systems IPO opens on March 1, 2023 and closes on March 3, 2023.
Divgi TorqTransfer Systems IPO lot size is 25 Shares, and the minimum amount required is ₹14,750.
You can apply in Divgi TorqTransfer Systems IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Divgi TorqTransfer Systems IPO will be done on Thursday, March 9, 2023, and the allotted shares will be credited to your demat account by Monday, March 13, 2023. Check the Divgi TorqTransfer Systems IPO allotment status.
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