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Divgi TorqTransfer Systems IPO is a book build issue of ₹412.12 crores. The issue is a combination of fresh issue of 0.31 crore shares aggregating to ₹180.00 crores and offer for sale of 0.39 crore shares aggregating to ₹232.12 crores.
Divgi TorqTransfer Systems IPO bidding started from Mar 1, 2023 and ended on Mar 3, 2023. The allotment for Divgi TorqTransfer Systems IPO was finalized on Mar 9, 2023. The shares got listed on BSE, NSE on Mar 14, 2023.
Divgi TorqTransfer Systems IPO price band is set at ₹590.00 per share . The lot size for an application is 25. The minimum amount of investment required by an retail is ₹14,000 (25 shares). The lot size investment for sNII is 14 lots (350 shares), amounting to ₹2,06,500, and for bNII, it is 68 lots (1,700 shares), amounting to ₹10,03,000.
Inga Ventures Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Divgi TorqTransfer Systems IPO RHP for detailed Information.
| IPO Date | March 1, 2023 to March 3, 2023 |
| Listing Date | March 14, 2023 |
| Face Value | ₹5 per share |
| Issue Price Band | ₹560 to ₹590 per share |
| Issue Price Final | ₹590 per share |
| Lot Size | 25 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 69,85,090 shares (aggregating up to ₹412.12 Cr) |
| Fresh Issue | 30,50,847 shares (aggregating up to ₹180.00 Cr) |
| Offer for Sale | 39,34,243 shares of ₹5 (aggregating up to ₹232.12 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,75,32,080 shares |
| Share Holding Post Issue | 3,05,82,927 shares |
Divgi TorqTransfer Systems IPO offers total 69,85,090 shares. Out of which 52,38,818 (75.00%) allocated to QIB, 20,95,528 (30.00%) allocated to QIB, 10,47,763 (15.00%) allocated to NII, 6,98,509 (10.00%) allocated to RII and 31,43,290 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 52,38,818 (75.00%) | NA |
| − Anchor Investor Shares Offered | 31,43,290 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 20,95,528 (30.00%) | NA |
| NII (HNI) Shares Offered | 10,47,763 (15.00%) | NA |
| − bNII > ₹10L | 6,98,508 (10.00%) | 1,995 |
| − sNII < ₹10L | 3,49,255 (5.00%) | 997 |
| Retail Shares Offered | 6,98,509 (10.00%) | 27,940 |
| Total Shares Offered | 69,85,090 (100.00%) |
Divgi TorqTransfer Systems IPO raises ₹185.45 crore from anchor investors. Divgi TorqTransfer Systems IPO Anchor bid date is February 28, 2023. Divgi TorqTransfer Systems IPO Anchor Investors list
| Bid Date | February 28, 2023 |
| Shares Offered | 31,43,290 |
| Anchor Portion Size (In Cr.) | 185.45 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 8, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 7, 2023 |
Divgi TorqTransfer Systems IPO opens on March 1, 2023, and closes on March 3, 2023.
| IPO Open Date | Wed, Mar 1, 2023 |
| IPO Close Date | Fri, Mar 3, 2023 |
| Tentative Allotment | Thu, Mar 9, 2023 |
| Initiation of Refunds | Fri, Mar 10, 2023 |
| Credit of Shares to Demat | Mon, Mar 13, 2023 |
| Tentative Listing Date | Tue, Mar 14, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 3, 2023 |
Investors can bid for a minimum of 25 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹14,750 |
| Retail (Max) | 13 | 325 | ₹1,91,750 |
| S-HNI (Min) | 14 | 350 | ₹2,06,500 |
| S-HNI (Max) | 67 | 1,675 | ₹9,88,250 |
| B-HNI (Min) | 68 | 1,700 | ₹10,03,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| 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 | ||||||
The market capitalization of Divgi TorqTransfer Systems IPO is ₹1804.39 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 35.16 |
The Company proposes to utilize the Net Proceeds from the Fresh Issue towards the following objects:
[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...
| Listing Date | March 14, 2023 |
| BSE Script Code | 543812 |
| NSE Symbol | DIVGIITTS |
| ISIN | INE753U01022 |
| Final Issue Price | ₹590 per share |
| BSE Listing Group | B |
Divgi TorqTransfer Systems Ltd.
Plot No. 75,
General Block, MIDC
Bhosari, Pune 411026
Pune, Maharashtra
Phone: +91 020 – 27302000
Email: sckadrolli@divgi-tts.com
Website: http://www.divgi-tts.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: Divgi.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Divgi TorqTransfer Systems IPO is a main-board IPO of 69,85,090 equity shares of the face value of ₹5 aggregating up to ₹412.12 Crores. The issue is priced at ₹590 per share. The minimum order quantity is 25.
The IPO opens on March 1, 2023, and closes on March 3, 2023.
MUFG Intime India Pvt.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 March 1, 2023 and closes on March 3, 2023.
Divgi TorqTransfer Systems IPO lot size is 25, and the minimum amount required for application is ₹14,750.
You can apply in Divgi TorqTransfer Systems IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Divgi TorqTransfer Systems IPO will be done on Thursday, March 9, 2023, and the allotted shares will be credited to your demat account by Monday, March 13, 2023. Check the Divgi TorqTransfer Systems IPO allotment status.
The Divgi TorqTransfer Systems IPO listing date is on Tuesday, March 14, 2023.
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