Divgi TorqTransfer Systems IPO details (1 Mar – 3 Mar), (Price ₹ 560 to 590)
Listing date and Listing Price of Divgi TorqTransfer Systems IPO:
- Divgi TorqTransfer Systems IPO listed on BSE and NSE exchanges on – Click Here
- Listing Price of Divgi TorqTransfer Systems IPO on NSE – Click Here
- Listing Price of Divgi TorqTransfer Systems IPO on BSE – Click Here
Grey Market premium (GMP) price of Divgi TorqTransfer Systems IPO :
Grey Market premium (GMP) price of Divgi TorqTransfer Systems IPO is ₹__. Grey Market premium (GMP) of Divgi TorqTransfer Systems IPO means, unofficially if someone buys or sells his application at a fixed rate irrespective of listing price. Check latest GMP of all IPOs.
Divgi TorqTransfer Systems IPO Allotment link status on Link Intime:
- Check the allotment status of Divgi TorqTransfer Systems IPO on the below link given by Link Intime.
- Divgi TorqTransfer Systems IPO Allotment Link – https://linkintime.co.in/MIPO/Ipoallotment.html
Divgi TorqTransfer Systems IPO Allotment link status on Link Intime can be checked by Application No or DP Client ID or PAN.
Divgi TorqTransfer Systems IPO subscription status details:
Divgi TorqTransfer Systems IPO subscription status details are below:
| QIB (Qualified Institl. Bidders) | NII (bids above ₹10L) | NII (bids below ₹10L) | RII (Retail) | Total No. of times applied | |
| Day 1 | |||||
| Day2 | |||||
| Day 3 |
Divgi TorqTransfer Systems IPO highlights:
| Divgi TorqTransfer Systems IPO bid Opens on | 1 Mar 2023 |
| Divgi TorqTransfer Systems IPO bid Closes on | 3 Mar 2023 |
| Post issue Modification Period | 4 Mar 2023 (10 to 11 am) |
| Cut-off time for UPI Mandate Confirmation | 4 Mar 2023 (up to 12pm) |
| Issue type | 100% Book Building |
| Divgi TorqTransfer Systems IPO issue size | ₹ 412.12 Cr |
| Face value of each equity share | Rs. 5 |
| Divgi TorqTransfer Systems IPO Price band | Rs 560 to Rs 590 per share |
| Divgi TorqTransfer Systems IPO market lot | 25 equity shares and multiples |
| Divgi TorqTransfer Systems IPO minimum order quantity | 25 equity shares |
| Pre IPO equity share of promoters of Divgi TorqTransfer Systems | 67.18 % |
| Post IPO paid-up equity share of promoters of Divgi TorqTransfer Systems | ___ % |
| QIB portion reservation in Divgi TorqTransfer Systems IPO | 75 % |
| NIB portion reservation in Divgi TorqTransfer Systems IPO | 15 % |
| Retail portion reservation in Divgi TorqTransfer Systems IPO | 10 % |
| Retail individual bidder can apply in Divgi TorqTransfer Systems IPO | up to 2 lakh (200,000) – Maximum 13 Lot |
| Retail individual discount in Divgi TorqTransfer Systems IPO | NA |
| Employees can apply in Divgi TorqTransfer Systems IPO | up to 5 lakh (500,000) |
| Employees Reservation in Divgi TorqTransfer Systems IPO | NA |
| Employees Discount in Divgi TorqTransfer Systems IPO | NA |
| Listing of Divgi TorqTransfer Systems at Exchanges | NSE, BSE |
| Fund raised from Anchor Investors in Pre-IPO of Divgi TorqTransfer Systems | NA |
| Registrar of Divgi TorqTransfer Systems IPO issue | Link Intime India Private Limited |
Divgi TorqTransfer Systems IPO important dates regarding bidding, allotment, listing, refund etc. :
The probable dates regarding bidding, allotment, listing, refund of Divgi TorqTransfer Systems IPO are mentioned below.
| Divgi TorqTransfer Systems IPO opens on | 01.03.2023 |
| Divgi TorqTransfer Systems IPO Closes on | 03.03.2023 |
| Allotment basis date of Divgi TorqTransfer Systems IPO | 09.03.2023 |
| Money refund date of Divgi TorqTransfer Systems IPO | 10.03.2023 |
| Shares of Divgi TorqTransfer Systems in Demat Account | 13.03.2023 |
| Divgi TorqTransfer Systems IPO listing date on NSE, BSE | 14.03.2023 |
How much shares of Divgi TorqTransfer Systems IPO are being offered?
| Type of Issue (Fresh / OFS) | No. of Equity shares offered | Amount of Equity shares |
| Total Issue size | ₹ 412.12 Crore | |
| Fresh Issue size | – | ₹ 180 Crore |
| Offer for Sale (OFS) | – | ₹ 232.12 Crore |
| Employee Reservation | – | – |
IPO Red Herring Prospectus (RHP) of Divgi TorqTransfer Systems:
Click here for IPO RHP of Divgi TorqTransfer Systems on SEBI website.
Objectives of the Divgi TorqTransfer Systems IPO Issue: (Source – RHP)
Our Company proposes to utilise the Net Proceeds from the Fresh Issue towards the following objects: 1. Funding capital expenditure requirements for the purchase of equipments/machineries of our manufacturing facilities(“Capital Expenditure”); and 2. General corporate purposes.
Business of Divgi TorqTransfer Systems: (Source – RHP)
We are amongst the very few suppliers in India who have the capability to develop and provide system level transfer case, torque coupler and DCT solutions (Source: CRISIL Report). We 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 (Source: CRISIL Report). We are also the only player manufacturing and exporting transfer cases to global OEMs from India, and the only manufacturer of torque couplers in India (Source: CRISIL Report). We also have the capability to develop and provide transmission systems for electric vehicles (“EVs”). We are in the process of designing and developing prototypes of transmission systems for EVs pursuant to receipt of a business award for this purpose. As on the date of this Red Herring Prospectus, we have been awarded a contract for the supply of EV transmission systems for one of the leading providers of EVs in India. However, supply pursuant to this contract has not started as on the date of this Red Herring Prospectus. Further, we have been awarded a contract for supply of components for Hybrid Vehicles for a global OEM, however, this does not constitute as one of the top five customers of the Company. Our Company actively collaborates with Europe’s transmission engineering consulting firms like FEV and Hofer.
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