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Divgi TorqTransfer IPO Date, Review, Price, Allotment, Analysis – IPO Watch

Written by on February 27, 2023

Divgi TorqTransfer Systems IPO Details: Divgi TorqTransfer IPO date is fixed, the IPO is to hit the market on March 1 and will close on March 3. Divgi TorqTransfer Systems IPO to raise around ₹412 crores via IPO that comprises fresh issue of ₹180 crores and offer for sale up to 3,934,243 equity shares of ₹5 each. The retail quota is 10%, QIB is 75%, and HNI is 15%.

Divgi TorqTransfer Systems was established in 1984 namely Divgi Metalwares Private Limited. The company is one of the leading players in the automotive component entity that develop system-level transfer cases, torque couplers, and dual-clutch automatic transmission solutions. The company caters to the next generation of clients like Toyota, Mahindra & Mahindra, and Tata Motors. The company has stamped its global footprint being a trusted supplier to customers in UK and USA in the west to China, Thailand, Korea, and Japan in the east.

Divgi TTS is one of India’s leading Tier 1 companies in the design, development, and manufacturing of advanced drivetrain components and systems. They manufacture and supply products like Torque transfer systems, 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, Transmission systems for EVs, DCT systems, Rear wheel drive manual transmissions, and more.

Objects of the Issue

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

Divgi TorqTransfer IPO Review (Apply or Not)

Brokerage Firm IPO Review

  • Capital Market: To be updated soon
  • Religare Broking: To be updated soon
  • Hem Securities: To be updated soon
  • Arihant Capital: To be updated soon

Divgi TorqTransfer IPO Date & Price Band Details

IPO Open: March 1, 2023
IPO Close: March 3, 2023
IPO Size: Approx ₹412 Crores
Fresh Issue: Approx ₹180 Crores
Offer for Sale: Approx 3,934,243 equity shares
Face Value: ₹5 Per Equity Share
IPO Price Band: ₹560 to ₹590 Per Share
IPO Listing on: BSE & NSE
Retail Quota: 10%
QIB Quota: 75%
 NII Quota: 15%
Discount: N/A
DRHP Draft Prospectus: Click Here
RHP Draft Prospectus: Click Here
Anchor Investors List: Click Here

Divgi TorqTransfer IPO Market Lot

The Divgi TorqTransfer Systems IPO minimum market lot is 25 shares with ₹14,750 application amount. The retail investors can apply up-to 13 lots with 325 shares or ₹191,750 amount.

Application Lot Size Shares Amount
Retail Minimum 1 25 ₹14,750
Retail Maximum 13 325 ₹191,750
S-HNI Minimum 14 350 ₹206,500
B-HNI Minimum 68 1700 ₹10,03,000

Divgi TorqTransfer IPO Allotment & Listing Dates

The Divgi TorqTransfer Systems IPO date is March 1 and the close date is March 3. The Divgi TorqTransfer Systems IPO allotment will be finalized on March 9 and the IPO listing on March 14.

Price Band Announcement: February 25, 2023
Anchor Investors Allotment: February 28, 2023
IPO Open Date: March 1, 2023
IPO Close Date: March 3, 2023
Basis of Allotment: March 9, 2023
Refunds: March 10, 2023
Credit to Demat Account: March 13, 2023
Divgi TorqTransfer Systems IPO Listing Date: March 14, 2023

You can check IPO subscription status and IPO allotment status on their respective pages.

Divgi TorqTransfer IPO Form

How to apply for the Divgi TorqTransfer Systems IPO? You can apply for Divgi TorqTransfer Systems IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Divgi TorqTransfer Systems IPO in the Invest section. The other option is you can apply for Divgi TorqTransfer Systems IPO via IPO forms downloaded via NSE and BSE. Check out the Divgi TorqTransfer Systems forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

Divgi TorqTransfer Company Financial Report

  ₹ in Crores
Year Revenue Expense PAT
2020 ₹171 ₹133 ₹28.04
2021 ₹195 ₹142 38.04
2022 ₹242 ₹180 ₹46.15

Divgi TorqTransfer IPO Valuation – FY2022

Check Divgi TorqTransfer Systems IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS): ₹16.76 per Equity Share
Price/Earning P/E Ratio: N/A
Return on Net Worth (RoNW): 13.57%
Net Asset Value (NAV): ₹123.50 per Equity Share

Peer Group

  • Sona BLW Precision Forgings Limited
  • Bosch Limited
  • ZF Commercial Vehicle Control Systems India Limited
  • Sundram Fasteners Limited
  • Endurance Technologies Limited
  • Jitendra Bhaskar Divgi
  • Hirendra Bhaskar Divgi
  • Divgi Holdings Private Limited

Divgi TorqTransfer IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/

Divgi TorqTransfer IPO Allotment Status Check

Check Divgi TorqTransfer Systems IPO allotment status on Linkintime website allotment URL. Click Here

Divgi TorqTransfer IPO Lead Managers

  • Inga Ventures Pvt Ltd
  • Equirus Capital Private Limited

Company Address

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

Divgi TorqTransfer Systems IPO FAQs

What is Divgi TorqTransfer Systems IPO?

Divgi TorqTransfer Systems IPO is a main-board IPO. They are going to raise ₹412 Crores via IPO. The issue is priced at ₹560 to ₹590 pr equity share. The IPO is to be listed on BSE & NSE.

When Divgi TorqTransfer Systems IPO will open?

The IPO is to open on March 1, 2023 for QIB, NII, and Retail Investors.

What is Divgi TorqTransfer Systems IPO Investors Portion?

The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.

How to Apply the Divgi TorqTransfer Systems IPO?

You can apply for Divgi TorqTransfer Systems IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Divgi TorqTransfer Systems IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Divgi TorqTransfer Systems”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Divgi TorqTransfer Systems IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Divgi TorqTransfer Systems”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Divgi TorqTransfer Systems IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Divgi TorqTransfer Systems”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Divgi TorqTransfer Systems IPO Size?

Divgi TorqTransfer Systems IPO size is ₹412 crores.

What is Divgi TorqTransfer Systems IPO Price Band?

Divgi TorqTransfer Systems IPO Price Band is ₹560 to ₹590.

What is Divgi TorqTransfer Systems IPO Minimum and Maximum Lot Size?

The minimum bid is 25 Shares with ₹14,750 amount while the maximum bid is 325 shares with ₹191,750.

What is the Divgi TorqTransfer Systems IPO Allotment Date?

Divgi TorqTransfer Systems IPO allotment date is March 9, 2023.

What is the Divgi TorqTransfer Systems IPO Listing Date?

Divgi TorqTransfer Systems IPO listing date is March 14, 2023. The IPO is to list on BSE and NSE.

Note: The Divgi TorqTransfer Systems IPO price band and date are not officially announced yet. The IPO grey market premium (Divgi TorqTransfer Systems IPO Premium) will be added to the IPO grey market page as it will start).

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