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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.
| 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 Sale | 3,934,243 shares of ₹5 (aggregating up to ₹232.12 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | 2,095,528 (54.55%) |
| NII (HNI) Shares Offered | 1,047,763 (27.27%) |
| Retail Shares Offered | 698,509 (18.18%) |
| Anchor Investor Shares Offered | 3,143,290 |
| Total Shares Offered | 3,841,800 |
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 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 |
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 | |||
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 |
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)
| 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 |
| 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 | ||||||
| KPI | Values |
|---|---|
| P/E (x) | 35.16 |
| Market Cap (₹ Cr.) | 1804.39 |
[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 Company proposes to utilize the Net Proceeds from the Fresh Issue towards the following objects:
| Listing Date | Mar 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/
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
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.
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