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

Mar 1, 2023 - Mar 3, 2023

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.

Divgi TorqTransfer Systems IPO Details

IPO Date Mar 1, 2023 to Mar 3, 2023
Listing Date Mar 14, 2023
Face Value ₹5 per share
Price ₹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

QIB Shares Offered2,095,528 (54.55%)
NII (HNI) Shares Offered1,047,763 (27.27%)
Retail Shares Offered698,509 (18.18%)
Anchor Investor Shares Offered3,143,290
Total Shares Offered3,841,800

Divgi TorqTransfer Systems IPO Anchor Investors Details

Divgi TorqTransfer Systems IPO Anchor Investors list

Bid Date Feb 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) Apr 26, 2023
Anchor lock-in period end date for remaining shares (90 Days) Jul 21, 2023

Divgi TorqTransfer Systems IPO Tentative Timetable

Divgi TorqTransfer Systems IPO opens on Mar 1, 2023, and closes on Mar 3, 2023.

Event Tentative Date
Opening Date Mar 1, 2023
Closing Date Mar 3, 2023
Basis of Allotment Mar 9, 2023
Initiation of Refunds Mar 10, 2023
Credit of Shares to Demat Mar 13, 2023
Listing Date Mar 14, 2023
UPI Mandate Confirmation Cut-Off Time 5.00 PM on the issue closing day

Divgi TorqTransfer Systems IPO Lot Size

The Divgi TorqTransfer Systems IPO lot size is 25 shares.

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.

Pre Issue Share Holding 67.18%
Post Issue Share Holding

Divgi TorqTransfer Systems IPO Subscription Status (Bidding Detail)

The Divgi TorqTransfer Systems IPO is subscribed 5.44 times on Mar 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

Company Financials

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

Divgi TorqTransfer Systems IPO Key Performance Indicator

KPI Values
P/E (x)35.16
Market Cap (₹ Cr.)1804.39

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...

Objects of the Issue

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 Rating

Rating:Rated 3.7 stars
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Divgi TorqTransfer Systems IPO Listing Details

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

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Company Contact Information

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/

Divgi TorqTransfer Systems IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: Divgi.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Divgi TorqTransfer Systems IPO Analysis

Divgi TorqTransfer Systems IPO Recommendation Summary

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

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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 Mar 1, 2023, and closes on Mar 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 Mar 1, 2023 and closes on Mar 3, 2023.

Divgi TorqTransfer Systems IPO lot size is 25 Shares and the minimum order quantity is .

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 Mar 9, 2023, and the allotted shares will be credited to your demat account by Mar 13, 2023. Check the Divgi TorqTransfer Systems IPO allotment status.

The Divgi TorqTransfer Systems IPO listing date is on Mar 14, 2023.
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