Divgi TorqTransfer Systems IPO subscription is to open on Mar 01, 2023 and will close on Mar 03, 2023, the price band of the Divgi TorqTransfer Systems IPO is fixed at ₹ ₹ 560 – ₹ 590. Divgi Torqtransfer Systems is one amongst the very few suppliers in India who have the capability to develop and provide system level transfer case, torque coupler and DCT solutions.
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About Divgi TorqTransfer Systems
Divgi Torqtransfer Systems is one amongst the very few suppliers in India who have the capability to develop and provide system level transfer case, torque coupler and DCT solutions. Divgi Torqtransfer Systems 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. Divgi Torqtransfer Systems 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 also has the capability to develop and provide transmission systems for electric vehicles (“EVs”). The company are in the process of designing and developing prototypes of transmission systems for EVs pursuant to receipt of a business award for this purpose. The company has been awarded a contract for the supply of EV transmission systems for one of the leading providers of EVs in India.
Objects of the Issue
- Funding capital expenditure requirements for the purchase of equipments/machineries of the manufacturing facilities(“Capital Expenditure”); and
- General corporate purposes.
Divgi TorqTransfer Systems Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in million) | ||
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 4,053.70 | 3,628.82 | 3,037.00 |
| Total income | 2,418.74 | 1,950.25 | 1,707.40 |
| Total Expenses | 1,797.21 | 1,424.69 | 1,329.78 |
| Profit After Tax | 461.51 | 380.44 | 280.39 |
Divgi TorqTransfer Systems IPO Price Details
| Description | IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto [.] Equity Shares of ₹ 5 (aggregating up to ₹ 1800 million) |
| Issue Open Date | 01-Mar-23 |
| Issue Close Date | 03-Mar-23 |
| Issue Type | Book Building |
| IPO Price Band | ₹ 560 – ₹ 590 |
| Face Value | ₹ 5 |
| Market Lot | 25 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 25 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | DIVGIITTS |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Divgi TorqTransfer Systems IPO DRHP & RHP
Divgi TorqTransfer Systems IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 25 | ₹ 14,750 |
| Maximum | 13 | 325 | ₹ 191,750 |
Divgi TorqTransfer Systems IPO Lead Managers
- Inga Ventures Private Limited
- Equirus Capital Private Limited
Divgi TorqTransfer Systems IPO Registrar
- Link Intime India Private Limited
Divgi TorqTransfer Systems IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 01-Mar-23 |
| Bid / Offer Closes on | 03-Mar-23 |
| Finalisation of Basis of Allotment | 09-Mar-23 |
| Initiation of refunds | 10-Mar-23 |
| Credit of the Equity Shares | 13-Mar-23 |
| Listing Date | 14-Mar-23 |
Company Registered and Corporate Office
Plot No. 75, General Block,
MIDC, Bhosari,
Pune 411026
Website: www.divgi-tts.com
Company Promoters
- Jitendra Bhaskar Divgi
- Hirendra Bhaskar Divgi
- Divgi Holdings Private Limited
Divgi TorqTransfer Systems IPO – FAQS
What is the Divgi TorqTransfer Systems IPO Price?
The Divgi TorqTransfer Systems IPO price band is ₹ 560 – ₹ 590 per share
When Divgi TorqTransfer Systems IPO will open?
The Divgi TorqTransfer Systems IPO opens on Mar 01, 2023 and closes on Mar 03, 2023
What is the lot size of Divgi TorqTransfer Systems IPO?
The Divgi TorqTransfer Systems IPO lot size is 25 Equity Shares and the minimum order quantity is 25 Equity Shares
Who is the Registrar for Divgi TorqTransfer Systems IPO?
The Registrar for Divgi TorqTransfer Systems IPO is Link Intime India Private Limited
How to apply in Divgi TorqTransfer Systems IPO through UPI?
Check the step by step process here – Click here
How to apply in Divgi TorqTransfer Systems IPO through Zerodha?
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