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Divgi TorqTransfer Systems Limited IPO (Divgi TorqTransfer Systems IPO) Detail

March 1, 2023 - March 3, 2023

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.

Divgi TorqTransfer Systems IPO Details

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 Sale3,934,243 shares of ₹5
(aggregating up to ₹232.12 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Divgi TorqTransfer Systems IPO Reservation

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 OfferedMaximum Allottees
Anchor Investor Shares Offered3,143,290 (45.00%)NA
QIB Shares Offered2,095,528 (30.00%)NA
NII (HNI) Shares Offered1,047,763 (15.00%)
  bNII > ₹10L698,508 (10.00%)1,995
  sNII < ₹10L349,255 (5.00%)997
Retail Shares Offered698,509 (10.00%)27,940
Total Shares Offered6,985,090 (100%)

Divgi TorqTransfer Systems IPO Anchor Investors Details

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 Timeline (Tentative Schedule)

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

Divgi TorqTransfer Systems IPO Lot Size

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

Divgi TorqTransfer Systems IPO Promoter Holding

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

About Divgi TorqTransfer Systems Limited

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-

  1. Torque transfer systems (which includes four-wheel-drive ("4WD") and all-wheel-drive ("AWD") products);
  2. Synchronizer systems for manual transmissions and DCT;
  3. 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

  1. Transmission systems for EVs;
  2. DCT systems;
  3. Rear wheel drive manual transmissions.

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.

Company Financials

Divgi TorqTransfer Systems Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Divgi TorqTransfer Systems IPO is Rs 1804.39 Cr.

Pre IPO Post IPO
P/E (x) 35.16

Objects of the Issue (Divgi TorqTransfer Systems IPO Objectives)

The Company proposes to utilize the Net Proceeds from the Fresh Issue towards the following objects:

  1. Funding capital expenditure requirements for the purchase of equipment/machineries of our manufacturing facilities;
  2. General corporate purposes.

Divgi TorqTransfer Systems IPO Review (Apply)

[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...

Divgi TorqTransfer Systems IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
    bNII (bids above ₹10L)0.89
    sNII (bids below ₹10L)2.41

Divgi TorqTransfer Systems IPO Rating

Rating:Rated 3.7 stars
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Divgi TorqTransfer Systems IPO Listing Details

Listing Date March 14, 2023
BSE Script Code 543812
ISIN INE753U01022
Final Issue Price ₹590 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Divgi TorqTransfer Systems Limited Contact Details

Divgi TorqTransfer Systems Limited
Plot No. 75,
General Block, MIDC
Bhosari, Pune 411026
Phone: +91 020 – 27302000

Divgi TorqTransfer Systems IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Divgi TorqTransfer Systems IPO - Buy or Not

Divgi TorqTransfer Systems IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 10 1 0
Members 5 2 2

Read All Reviews Post Your Review Manage Reviews

Divgi TorqTransfer Systems IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Divgi TorqTransfer Systems IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Divgi TorqTransfer Systems IPO listing date is on March 14, 2023.
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Divgi TorqTransfer Systems IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



278. Romy HNI |   Link |  Bookmark |March 23, 2023 12:33:59 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Have given good return......
278.1. Heritage Wale |   Link |  Bookmark |March 24, 2023 4:21:05 PM
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
Retailers out from divgi.....

see up movement now.....

It will be trade above 700 within month.
277. Hrishikeh Gaikwad |   Link |  Bookmark |March 21, 2023 2:59:18 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
if it had to fall it could have fell on the first day itself 4 days still sustaining at higher levels 🤨
276. ashok dalmia |   Link |  Bookmark |March 17, 2023 7:45:49 PM
NRJN TRUST . NANDAN NILKENI still holds 9.53 lakh shares in the Company after offering his 14.40 lakh shares in OFS
275. Heritage Wale |   Link |  Bookmark |March 17, 2023 11:51:46 AM
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
Senior Hold or Sell
274. arunARUN |   Link |  Bookmark |March 16, 2023 8:24:10 PM
IPO Guru IPO Guru (1900+ Posts, 1600+ Likes)
Active clients of brokers have started shrinking (active means who traded atleast once in last 12 months)
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273. Hrishikeh Gaikwad |   Link |  Bookmark |March 16, 2023 3:25:54 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
eveyone is bullish about this stock
i wonder what happens when everyone is bullish 🤨
272. ValueSeeker |   Link |  Bookmark |March 15, 2023 12:30:57 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Almost 6 lac shares traded so far today, close to 2 lac delivery based.
271. Romy HNI |   Link |  Bookmark |March 15, 2023 10:02:41 AM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
it's long term investment..... must have in the portfolio....

271.1. Romy HNI |   Link |  Bookmark |March 16, 2023 8:08:26 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
I haven't sold my allotted shares... Hope will get 10% returns ...
270. FARHAN |   Link |  Bookmark |March 15, 2023 8:16:22 AM (200+ Posts)
Get ready for 20% today
269. Regulagedda Ambica Prasad |   Link |  Bookmark |March 15, 2023 7:39:05 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Bought in secondary market @560
268. nausikhiya |   Link |  Bookmark |March 14, 2023 8:24:57 PM
I have allotted divgi but not showing in my upstox holdings. Pl guide... Any other fellow facing same issue?
267. Param Patel |   Link |  Bookmark |March 14, 2023 6:42:30 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Bulk Deals

267.2. Thoth |   Link |  Bookmark |March 14, 2023 8:16:35 PM
Quant has also invested as an Anchor investor in Divgi.
Some one may share the image.
267.3. Vijesh K |   Link |  Bookmark |March 18, 2023 3:38:37 PM
Primary market share ko secondary market me list hote sell kar sakte h ?
266. Hostpacker |   Link |  Bookmark |March 14, 2023 12:16:48 PM
A good number of shares held by mutual fund and very less free float here.
Except Anchor , 3841800 shares Available for trade where mutual fund hv more than 12 lakh shares .
Expecting good up movement from here in next few days.

Hold for short term gain.
266.7. ashok dalmia |   Link |  Bookmark |March 16, 2023 7:43:35 PM
Do you know.. Nandan nilkeni is one of strong promoter with substantial amount of investment.. pl check economic times new s 2 days back
266.8. ValueSeeker |   Link |  Bookmark |March 16, 2023 8:51:36 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
@ashok ji
On the flip side, his trust also is one of the selling shareholders, and promoters too are selling
265. Heritage Wale |   Link |  Bookmark |March 14, 2023 12:13:38 PM
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
All Retail & HNI Share are absorbed by Big Whale ( who has 10 heads called RA-VAN)

Be Ready For

Next Rally like Craftsman
264. Heritage Wale |   Link |  Bookmark |March 14, 2023 10:57:03 AM
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
264.1. NAND KISHORE PARWAL |   Link |  Bookmark |March 14, 2023 12:02:10 PM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
About 67% delivery will be made. Rest will be settled intra day.
263. Dr.Bhavy |   Link |  Bookmark |March 14, 2023 11:59:36 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Sold 1 Shni in preopen at 620, holded 1 retail application but stoploss order executed at 593

@all experts, want to know about uniparts and syrma..why uniparts is continuously falling? Holding couple of retail application in both
262. A.A |   Link |  Bookmark |March 14, 2023 10:45:40 AM (200+ Posts)
Exited at 620, don't want to hold due to weak market sentiments.
261. No trade |   Link |  Bookmark |March 14, 2023 10:45:37 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Still holding
260. ipo share |   Link |  Bookmark |March 14, 2023 10:38:49 AM
IPO Guru IPO Guru (1500+ Posts, 700+ Likes)
New trend in IPOs - sell and go away.
259. AmateurInvestor |   Link |  Bookmark |March 14, 2023 10:16:55 AM
More than 25% of shares traded already. Seems like rally will follow once weak hands exit.
259.1. AmateurInvestor |   Link |  Bookmark |March 14, 2023 10:23:10 AM
Just a hope 🤞