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-
- Torque transfer systems (which includes four-wheel-drive ("4WD") and all-wheel-drive ("AWD") products);
- Synchronizer systems for manual transmissions and DCT;
- 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
- Transmission systems for EVs;
- DCT systems;
- 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 Date | Mar 01, 2023 |
| IPO Closing Date | Mar 03, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹5 per equity share |
| IPO Price | ₹560 - 590 per equity share |
| Market Lot | 25 Shares |
| Min Order Quantity | 25 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹200.00 Cr |
| Fresh Issue | ₹180.00 Cr |
| Offer for Sale | 3,934,243 shares of ₹5 |
| Retail Portion | 10% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| 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 Date | Mar 01, 2023 |
| IPO Close Date | Mar 03, 2023 |
| Basis of Allotment Date | Mar 09, 2023 |
| Initiation of Refunds | Mar 10, 2023 |
| Credit of Shares to Demat Account | Mar 13, 2023 |
| IPO Listing Date | Mar 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).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 25 | ₹14750 |
| Maximum | 13 | 325 | ₹191750 |
IPO Promoter Holding
| Pre Issue Share Holding | 67.18% |
| 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:
- Funding capital expenditure requirements for the purchase of equipment/machineries of our manufacturing facilities;
- 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
Pune
Pune
