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Divgi TorqTransfer Systems IPO Details 2023

IPO Status: Listed [1st Mar 2023 to 3rd Mar 2023]

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Divgi TorqTransfer Systems IPO Detail

Divgi TorqTransfer Systems Limited offers an IPO issue size comprises both Fresh issue worth of Rs 200.00 Cr and OFS issue size of 3,934,243 equity shares. The subscription for this IPO is opening from 01 Mar 2023 to 03 Mar 2023. Face value of each share is Rs 5. The issue price band for this IPO is ranging from Rs 560 to Rs 590 each share along with the Lot size of 25 shares. This IPO is going to be listing on both exchanges NSE and BSE.

Stay tuned with us to know more about Divgi TorqTransfer Systems Limited IPO Review including company overview, financial, live subscription, allotment, GMP, and more.

Divgi TorqTransfer Systems IPO Details

IPO Issue Opening Date: 1st Mar 2023
IPO Issue Closing Date: 3rd Mar 2023
IPO Issue Price: ₹560-590 Per Share
DRHP: View DRHP
RHP: View RHP
IPO Listing At: BSE, NSE
Retail Quota: Not more than 10% of the Offer%
IPO Issue Type: Book Build Issue
IPO Issue Size: ₹412.12 Cr
Offer for Sale: ₹232.12 Cr
Fresh Issue: ₹180.00 Cr
Face Value: ₹5 Per Equity Share
IPO Discount: TBD
Promoter Holding Pre IPO: 67.18%
Promoter Holding Post IPO:
Allotment Status: Allotment Status
BSE Code: 543812
NSE Code: DIVGIITTS

IPO Live GMP IPO Live GMP

Divgi TorqTransfer Systems IPO Important Dates

In this section we have covered all important dates related to Divgi TorqTransfer Systems IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Divgi TorqTransfer Systems IPO important dates
IPO Activity Date
Basis of Allotment Date* 9th Mar 2023
Refunds Initiation* 10th Mar 2023
Credit of Shares to Demat* 13th Mar 2023
IPO Listing Date* 14th Mar 2023

* - Tentative Dates

Divgi TorqTransfer Systems IPO Lots

IPO Activity Date
Issue Price ₹560-590
Market Lot: 25 Shares
1 Lot Amount: ₹14750
Min Small HNI Lots(2-10 Lakh): 350 shares (14 lots)
Min Big HNI Lots(10+ Lakh): 1700 shares (68 lots)
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  • About Company - Divgi TorqTransfer Systems

    Divgi TorqTransfer Systems Limited was incorporated in Dec 1964.They are amongst the very few automotive component entities in India who have the capability to develop and provide system level transfer case, torque coupler and dual clutch automatic transmissions ("DCT") solutions. They are 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. They have three manufacturing and assembling facilities across India located at Sirsi in Karnataka, and Shivare and Bhosari near Pune in Maharashtra.

    Divgi's manufacture and supply a variety of products under the broad categories of :

    1. torque transfer systems (which includes four wheel-drive ("4W") and all-wheel-drive ("AWD") products)
    2. synchronizer systems for manual transmissions and DCT
    3. components for the above-mentioned product categories for torque transfer systems and synchronizer systems in manual transmission, DCT, and EVs.
    This company also developed (i) transmission systems for EVs (ii) DCT systems (iii) rear wheel drive manual transmissions.

    They have an in-house software development capability which helps us in providing system level solutions offering software that controls the vehicle dynamics. They are also one of the first few suppliers of steel and carbon-based synchronizer systems for the Indian markets, and are one of the leading manufacturers of steel synchronizers in India.

    Divgi TorqTransfer Systems IPO Strengths

    • One of the very few suppliers in India having the capability to develop and provide system level transfer case, torque coupler, DCT solutions and transmission systems for EVs across a wide array of automotive vehicles and geographies, with leadership across select product categories.
    • Strategically located manufacturing facilities capable of producing high precision components meeting system-level design intent.
    • Long-term relationships with marquee domestic and global customers.
    • Experienced board of directors and senior management team supported by skilled and qualified workforce.
    • Consistent financial performance with focus on innovation and R&D capabilities.
    Incorporation Sector IPO Issue Size Website
    1964 Automotive Component ₹412.12 Cr http://www.divgi-tts.com/

    Divgi TorqTransfer Systems IPO Objective

    The Company proposes to utilize the Net Proceeds from the Fresh Issue towards the following objects:

    1. Funding capital expenditure requirements for the purchase of equipment/machineries of our manufacturing facilities;
    2. General corporate purposes.

    Request call back from Zerodha

    Divgi TorqTransfer Systems IPO Live Subscription (NSE + BSE)

    The table below is live update of IPO bidding details from NSE and BSE.

    • Qualified Institutional Buyers: 2,095,528 Shares
    • Non-Institutional Investors: 1,047,763 Shares
    • Retail Individual Investor: 698,509 Shares
    IPO Bidding Live Updates from BSE + NSE
    Day QIBNIIRIITotal
     # of Shares Offered2,095,528 (54.55%)1,047,763 (27.27%)698,509 (18.18%)3,841,800
    11st Mar 2023 17:020.00x0.06x0.60x0.12x
    22nd Mar 2023 17:020.06x0.22x1.56x0.38x
    33rd Mar 2023 19:027.83x1.40x4.31x5.44x

    Divgi TorqTransfer Systems Financials for past 3 Years

    Past performance and financial results of Divgi TorqTransfer Systems.

    Divgi TorqTransfer Systems Limited Financial Information (Restated)
    Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
    31-Mar-20303.70170.7428.04209.53203.5150.41
    31-Mar-21362.88195.0338.04295.88288.990.26
    31-Mar-22405.37241.8746.15340.02326.250.12
    30-Sep-22430.21137.5525.66356.20342.440.50
    Amount in ? Crore

    Company Address

    Divgi TorqTransfer Systems Limited
    Plot No. 75, General Block, MIDC Bhosari
    Pune,Maharashtra-411026
    India
    Website: http://www.divgi-tts.com/
    Phone: +91 020 27302000
    Email: [email protected]

    Divgi TorqTransfer Systems IPO Registrar

    Link Intime India Private Ltd
    Link Intime India Private Ltd
    C 101, 247 Park, L.B.S.Marg,
    Vikhroli (West), Mumbai - 400083
    Website: https://linkintime.co.in/
    Phone: +91-22-4918 6270
    Email: [email protected]

    Divgi TorqTransfer Systems IPO Lead Manager

    1. Equirus Capital Private Limited
    2. Inga Ventures Pvt Ltd
    Divgi TorqTransfer Systems IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Divgi TorqTransfer Systems? Should I apply in Divgi TorqTransfer Systems IPO?

    Last Updated on 2023-03-17T09:00:13+00:00

    FAQs

    Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Divgi TorqTransfer Systems IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Divgi TorqTransfer Systems IPO with Zerodha.

    Alternate approch to apply in Divgi TorqTransfer Systems IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    Divgi TorqTransfer Systems IPO Review and Important Updates

    Other relevant questions :

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    Apply in Divgi TorqTransfer Systems IPO online

    To subscribe or apply in Divgi TorqTransfer Systems IPO, you can use the following methods:

    Divgi TorqTransfer Systems IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in Divgi TorqTransfer Systems IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in Divgi TorqTransfer Systems IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in Divgi TorqTransfer Systems IPO. Most of the Syndicate Banks provide access to apply in Divgi TorqTransfer Systems IPO via ASBA process. You must have your net banking access, DP ID information to apply in Divgi TorqTransfer Systems IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in Divgi TorqTransfer Systems IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    Divgi TorqTransfer Systems IPO Review and Important Updates

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    Applying in Divgi TorqTransfer Systems IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Divgi TorqTransfer Systems IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

    For more details on how to use UPI payment method to apply Divgi TorqTransfer Systems IPO, please refer article >> Link

    Divgi TorqTransfer Systems IPO Review and Important Updates

    Steps to download the online application form for Divgi TorqTransfer Systems IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 25 and max 325 shares (13 lots).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

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    Divgi TorqTransfer Systems IPO is going to be list on 14-03-2023. NSE Code for Divgi TorqTransfer Systems is DIVGIITTS. BSE Code for Divgi TorqTransfer Systems is 543812.

    Other relevant questions:

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    Divgi TorqTransfer Systems IPO Allotment Date is 09-03-2023.

    Other relevant questions:

    Divgi TorqTransfer Systems IPO share allotment date?Divgi TorqTransfer Systems IPO allotment date?

     


    User Reviews

    avatar
    6. Hafees Mar 03 2023 10:39:15 AM Reply
    GMP is Low
    avatar
    5. Kishan Behl Feb 20 2023 10:30:08 PM Reply
    Divgi TorqTransfer Systems IPO expected listing gain.
    avatar
    4. Sanket Feb 20 2023 10:30:08 PM Reply
    Please confirm Divgi TorqTransfer Systems IPO GMP (grey market premium) and kostak.
    avatar
    3. Anoop kumar jain Feb 20 2023 10:30:08 PM Reply
    Divgi TorqTransfer Systems IPO good or bad.
    avatar
    2. MRS. SAVITHRI RAJAN Feb 20 2023 10:30:08 PM Reply
    Divgi TorqTransfer Systems IPO whether to invest or not.
    avatar
    1. Sanjay Bagaria  Feb 20 2023 10:30:08 PM Reply
    Divgi TorqTransfer Systems IPO - CRISIL Rating, Apply or not?.