Divgi TorqTransfer Systems IPO vs KFin Technologies IPO

Comparison between Divgi TorqTransfer Systems IPO and KFin Technologies IPO.

IPO Details

Divgi TorqTransfer Systems IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while KFin Technologies IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Divgi TorqTransfer Systems IPO is up to ₹412.12 Cr whereas the issue size of the KFin Technologies IPO is up to ₹1,500.00 Cr. The final issue price of Divgi TorqTransfer Systems IPO is ₹590.00 per share and of KFin Technologies IPO is ₹366.00 per share.

 Divgi TorqTransfer Systems IPOKFin Technologies IPO
Face Value₹5 per share₹10 per share
Issue Price (Lower)₹560.00 per share₹347.00 per share
Issue Price (Upper)₹590.00 per share₹366.00 per share
Issue Price (Final)₹590.00 per share₹366.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size25 shares40 shares
Fresh Issue Size30,50,847 shares0 shares
Fresh Issue Size (Amount)up to ₹180.00 Crup to ₹0.00 Cr
OFS Issue Size39,34,243 shares4,09,83,606 shares
OFS Issue Size (Amount)up to ₹232.12 Crup to ₹1,500.00 Cr
Issue Size Total69,85,090 shares4,09,83,606 shares
Issue Size Total (Amount)up to ₹412.12 Crup to ₹1,500.00 Cr

IPO Timetable

Divgi TorqTransfer Systems IPO opens on Mar 01, 2023, while KFin Technologies IPO opens on Dec 19, 2022. The closing date of Divgi TorqTransfer Systems IPO and KFin Technologies IPO is Mar 03, 2023, and Dec 21, 2022, respectively.

 Divgi TorqTransfer Systems IPOKFin Technologies IPO
Anchor Bid DateFeb 28, 2023Dec 16, 2022
Issue OpenMar 01, 2023Dec 19, 2022
Issue CloseMar 03, 2023Dec 21, 2022
Basis Of Allotment (Tentative)Mar 09, 2023Dec 26, 2022
Initiation of Refunds (Tentative)Mar 10, 2023Dec 27, 2022
Credit of Share (Tentative)Mar 13, 2023Dec 28, 2022
Listing date (Tentative)Mar 14, 2023Dec 29, 2022
Anchor Lockin End date 1Apr 08, 2023Jan 25, 2023
Anchor Lockin End date 2Jun 07, 2023Mar 26, 2023

Financials & KPIs

Divgi TorqTransfer Systems IPO P/E ratio is 35.16, as compared to KFin Technologies IPO P/E ratio of 35.92.

 Divgi TorqTransfer Systems IPOKFin Technologies IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets430.21405.37362.88303.70
Total Income137.55241.87195.03170.74
Profit After Tax25.6646.1538.0428.04
NET Worth356.20340.02295.88209.53
Reserves and Surplus342.44326.25288.99203.51
Total Borrowing0.500.120.2650.41
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202231 Mar 202230 Sep 202131 Mar 202131 Mar 202031 Mar 2019
Assets1,114.811,026.41973.26922.61868.381,021.78
Total Income353.76645.56293.43486.20455.27164.76
Profit After Tax85.35148.5567.80-64.514.528.96
NET Worth736.72644.34269.95346.40409.58519.28
Reserves and Surplus0.000.000.000.000.00
Total Borrowing126.24122.51321.44346.13375.44406.01
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)67.1874.37
Promoter Shareholding (Post-Issue)49.91
P/E Ratio35.1635.92
Market Cap₹1804.39 Cr.₹6133.02 Cr.
ROE14.52
ROCE29.47
Debt/Equity0.00
EPS₹16.76₹9.44
RoNW13.5729.99

Shares Offered

In the Divgi TorqTransfer Systems IPO Retail Individual Investors (RII) are offered 6,98,509 shares while in KFin Technologies IPO retail investors are offered 6,98,509 shares. Qualified Institutional Buyers (QIB) are offered 20,95,528 shares in Divgi TorqTransfer Systems IPO and 1,22,95,083 shares in KFin Technologies IPO.

 Divgi TorqTransfer Systems IPOKFin Technologies IPO
Anchor Investor Reservation31,43,290 shares1,84,42,623 shares
Market Maker Reservation
QIB20,95,528 shares1,22,95,083 shares
NII10,47,763 shares61,47,540 shares
RII6,98,509 shares40,98,360 shares
Employee
Others
Total69,85,090 shares4,09,83,606 shares

Bids Received (Subscription)

Divgi TorqTransfer Systems IPO subscribed 5.44x in total, whereas KFin Technologies IPO subscribed 2.59x.

 Divgi TorqTransfer Systems IPOKFin Technologies IPO
QIB (times)7.83x4.17x
NII (times)1.40x0.23x
Big NII (times)0.89x0.25x
Small NII (times)2.41x0.20x
RII (times)4.31x1.36x
Employee (times)
Other (times)
Total (times)5.44x2.59x

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Divgi TorqTransfer Systems IPO Vs KFin Technologies IPO