Divgi TorqTransfer Systems IPO vs Nexus Select Trust REIT

Comparison between Divgi TorqTransfer Systems IPO and Nexus Select Trust REIT.

IPO Details

Divgi TorqTransfer Systems IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Nexus Select Trust REIT 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 Nexus Select Trust REIT is up to ₹3,200.00 Cr. The final issue price of Divgi TorqTransfer Systems IPO is ₹590.00 per share and of Nexus Select Trust REIT is ₹100.00 per share.

 Divgi TorqTransfer Systems IPONexus Select Trust REIT
Face Value₹5 per share
Issue Price (Lower)₹560.00 per share₹95.00 per share
Issue Price (Upper)₹590.00 per share₹100.00 per share
Issue Price (Final)₹590.00 per share₹100.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)
Market Lot Size25 shares150 shares
Fresh Issue Size30,50,847 shares14,00,00,000 shares
Fresh Issue Size (Amount)up to ₹180.00 Crup to ₹1,400.00 Cr
OFS Issue Size39,34,243 shares18,00,00,000 shares
OFS Issue Size (Amount)up to ₹232.12 Crup to ₹1,800.00 Cr
Issue Size Total69,85,090 shares32,00,00,000 shares
Issue Size Total (Amount)up to ₹412.12 Crup to ₹3,200.00 Cr

IPO Timetable

Divgi TorqTransfer Systems IPO opens on Mar 01, 2023, while Nexus Select Trust REIT opens on May 09, 2023. The closing date of Divgi TorqTransfer Systems IPO and Nexus Select Trust REIT is Mar 03, 2023, and May 11, 2023, respectively.

 Divgi TorqTransfer Systems IPONexus Select Trust REIT
Anchor Bid DateFeb 28, 2023May 08, 2023
Issue OpenMar 01, 2023May 09, 2023
Issue CloseMar 03, 2023May 11, 2023
Basis Of Allotment (Tentative)Mar 09, 2023May 16, 2023
Initiation of Refunds (Tentative)Mar 10, 2023May 17, 2023
Credit of Share (Tentative)Mar 13, 2023May 18, 2023
Listing date (Tentative)Mar 14, 2023May 19, 2023
Anchor Lockin End date 1Apr 08, 2023Jun 15, 2023
Anchor Lockin End date 2Jun 07, 2023Aug 14, 2023

Financials & KPIs

Divgi TorqTransfer Systems IPO P/E ratio is 35.16, as compared to Nexus Select Trust REIT P/E ratio of .

 Divgi TorqTransfer Systems IPONexus Select Trust REIT
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 Consolidated)

Period Ended31 Dec 202231 Mar 202231 Mar 202131 Mar 2020
Assets8,989.539,089.778,959.369,527.64
Total Income1,498.351,398.521,047.971,708.19
Profit After Tax257.02-10.95-199.11206.74
Reserves and Surplus639.31389.15340.89976.05
Total Borrowing5,872.316,311.206,281.385,955.67
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)67.18
Promoter Shareholding (Post-Issue)
P/E Ratio35.16
Market Cap₹1804.39 Cr.
ROE14.52
ROCE29.47
Debt/Equity0.00
EPS₹16.76
RoNW13.57

Shares Offered

In the Divgi TorqTransfer Systems IPO Retail Individual Investors (RII) are offered 6,98,509 shares while in Nexus Select Trust REIT retail investors are offered 6,98,509 shares. Qualified Institutional Buyers (QIB) are offered 20,95,528 shares in Divgi TorqTransfer Systems IPO and 9,60,00,150 shares in Nexus Select Trust REIT.

 Divgi TorqTransfer Systems IPONexus Select Trust REIT
Anchor Investor Reservation31,43,290 shares14,39,99,850 shares
Market Maker Reservation0 shares
QIB20,95,528 shares9,60,00,150 shares
NII10,47,763 shares8,00,00,000 shares
RII6,98,509 shares0 shares
Employee0 shares
Others
Total69,85,090 shares32,00,00,000 shares

Bids Received (Subscription)

Divgi TorqTransfer Systems IPO subscribed 5.44x in total, whereas Nexus Select Trust REIT subscribed 5.45x.

 Divgi TorqTransfer Systems IPONexus Select Trust REIT
QIB (times)7.83x4.81x
NII (times)1.40x
Big NII (times)0.89x
Small NII (times)2.41x
RII (times)4.31x
Employee (times)
Other (times)6.23x
Total (times)5.44x5.45x

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