Divgi TorqTransfer Systems Limited, Established in 1964, operates in the automotive component sector. It stands out as one of the rare Indian automotive component companies capable of developing and delivering comprehensive solutions, including system-level transfer cases, torque couplers, and dual-clutch automatic transmission solutions.
A prominent player in the industry, it specializes in providing transfer case systems to Indian automotive OEMs. It holds the distinction of being the largest supplier of transfer case systems to passenger vehicle manufacturers in India. Moreover, the company is the sole manufacturer and exporter of transfer cases to global OEMs from India, along with being the exclusive producer of torque couplers in the country.
Divgi TorqTransfer Systems Limited offers a diverse product range, encompassing:
- Torque transfer systems, including 4WD and AWD products.
- Synchronizer systems for manual transmissions and dual-clutch transmissions (DCT).
- Components for the aforementioned product categories, catering to torque transfer systems and synchronizer systems in manual transmissions, DCTs, and electric vehicles (EVs).
Additionally, the company has developed:
- Transmission systems for EVs.
- Dual-clutch transmission (DCT) systems.
- Manual transmissions for rear-wheel drive.
A unique aspect of Divgi TorqTransfer is its dual role as both a systems-level solution provider and a component kit supplier for global OEMs and Tier I transmission systems suppliers.
IPO Stock Quote #
- Open: ₹809.00
- High – Low: ₹906.05 – ₹799.05
- Previous Close: ₹797.20
- Total Traded Value: 3,79,223
- 52 Weeks High: ₹1,001.95 (Jul 03, 2023)
- 52 Weeks Low: ₹560.00 (Mar 14, 2023)
- Updated On: Aug 11, 2023 4:00 PM
IPO Details #
Divgi TorqTransfer Systems IPO is a Book Built Issue. The IPO total issue size is Rs 412.12 Cr. The Divgi TorqTransfer Systems IPO price is ₹560 to ₹590 per share. The IPO will list on BSE, NSE.
| 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 |
IPO Reservation #
A total of 6,985,090 shares are offered. QIB: 2,095,528 (30.00%), RII: 698,509 (10.00%), NII: 1,047,763 (15.00%).
| Anchor Investor Shares Offered | 3,143,290 (45.00%) |
| QIB Shares Offered | 2,095,528 (30.00%) |
| NII (HNI) Shares Offered | 1,047,763 (15.00%) |
| Retail Shares Offered | 698,509 (10.00%) |
| Total Shares Offered | 6,985,090 (100%) |
Anchor Investors Details #
IPO raises Rs 185.45 crore from anchor investors. Divgi TorqTransfer Systems IPO Anchor bid date is Feb 28, 2023. 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 Timetable (Tentative) #
IPO opens on Mar 1, 2023, and closes on Mar 3, 2023.
| IPO Open Date | Wednesday, 1 March 2023 |
| IPO Close Date | Friday, 3 March 2023 |
| Basis of Allotment | Thursday, 9 March 2023 |
| Initiation of Refunds | Friday, 10 March 2023 |
| Credit of Shares to Demat | Monday, 13 March 2023 |
| Listing Date | Tuesday, 14 March 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mar 3, 2023 |
Divgi TorqTransfer Systems IPO Lot Size #
The minimum lot size of this Divgi TorqTransfer Systems IPO is 25 shares required is ₹14,750.
| 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 | |||
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 |
Company Financials #
| 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 | ||||||
Key Performance Indicator #
Divgi TorqTransfer Systems IPO Market Cap is Rs 1804.39 Cr and P/E (x) is 35.16.
| KPI | Values |
|---|---|
| P/E (x) | 35.16 |
| Market Cap (₹ Cr.) | 1804.39 |
Objects of the Issue #
The Company proposes to utilize the Net Proceeds from the Fresh Issue towards the following objects:
- Funding capital expenditure requirements for the purchase of equipment/machineries of our manufacturing facilities;
- General corporate purposes.
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)
| 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 |
Divgi TorqTransfer Systems IPO Prospectus #
Divgi TorqTransfer Systems IPO Listing Details #
| Listing Date | Mar 14, 2023 |
| BSE Script Code | 543812 |
| NSE Symbol | DIVGIITTS |
| ISIN | INE753U01022 |
| Final Issue Price | ₹590 per share |
Listing Day Trading Information #
| 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 |
Company Contact Information #
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 #
Phone: +91-22-4918 6270
Email: Divgi.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Divgi TorqTransfer Systems IPO Lead Manager(s) #
FAQs #
What is the pricing of Divgi TorqTransfer Systems IPO shares? #
The IPO price for Divgi TorqTransfer Systems is ₹560 to ₹590 per share.
When is the IPO date for Divgi TorqTransfer Systems? #
The IPO date for Divgi TorqTransfer Systems is from March 1, 2023, to March 3, 2023.
When will Divgi TorqTransfer Systems IPO be listed? #
The IPO is expected to be listed on both BSE and NSE.
How many shares are offered in the Divgi TorqTransfer Systems IPO? #
The IPO offers 6,985,090 equity shares, with 698,509 shares reserved for retail investors and 2,095,528 shares for qualified buyers.
What is the IPO price per equity share for Divgi TorqTransfer Systems? #
The IPO price per equity share for Divgi TorqTransfer Systems is ₹590.
Please note that the above information is based on the data available and may be subject to change.
