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Divgi TorqTransfer Systems Limited IPO Detail

Divgi TorqTransfer Systems Limited IPO Detail

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-

  1. Torque transfer systems (which includes four-wheel-drive ("4WD") 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.

Alongside, they have also developed

  1. Transmission systems for EVs;
  2. DCT systems;
  3. Rear wheel drive manual transmissions.

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.

Company Promoters

Jitendra Bhaskar Divgi, Hirendra Bhaskar Divgi and Divgi Holdings Private Limited are the promoters of the company.

IPO Details

IPO Opening DateMar 01, 2023
IPO Closing DateMar 03, 2023
Issue TypeBook Built Issue IPO
Face Value₹5 per equity share
IPO Price ₹560 - 590 per equity share
Market Lot25 Shares
Min Order Quantity25 Shares
Listing AtBSE, NSE
Issue Size₹200.00 Cr
Fresh Issue₹180.00 Cr
Offer for Sale3,934,243 shares of ₹5
Retail Portion 10%

IPO Subscription (Bidding Detail)

Day 1 0.00x 0.06x 0.60x - 0.12x
Day 2 0.06x 0.22x 1.56x - 0.38x
Day 3 7.83x 1.40x 4.31x - 5.44x

IPO Tentative Timetable

The Divgi TorqTransfer Systems Limited IPO open date is Mar 01, 2023, and the close date is Mar 03, 2023. The issue may list on Mar 14, 2023.

IPO Open DateMar 01, 2023
IPO Close DateMar 03, 2023
Basis of Allotment DateMar 09, 2023
Initiation of RefundsMar 10, 2023
Credit of Shares to Demat AccountMar 13, 2023
IPO Listing DateMar 14, 2023

IPO Lot Size

The Divgi TorqTransfer Systems Limited IPO market lot size is 25 shares. A retail-individual investor can apply for up to 13 lots (325 shares or ₹191750).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding67.18%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in Crore)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-20 303.70 170.74 28.04
31-Mar-21 362.88 195.03 38.04
31-Mar-22 405.37 241.87 46.15

Objects of the Issue:

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.

Divgi TorqTransfer Systems Limited IPO Registrar:

Link Intime India Private Ltd

Divgi TorqTransfer Systems Limited IPO Lead Manager(s):

Inga Ventures Pvt Ltd Equirus Capital Private Limited

Company Contact Information:

Divgi TorqTransfer Systems Limited

Plot No. 75, General Block, MIDC Bhosari