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Divgi TorqTransfer Systems IPO GMP, Price, Dates & Allotment Details 2023

Divgi TorqTransfer Systems IPO GMP, Price, Dates & Allotment Details 2023

The Divgi TorqTransfer Systems IPO opens on March 1 and closes on March 3, 2023. According to the DRHP filed in SEBI, the company is planning to fresh issue of shares of ₹ 180 crore through this public issue.

Incorporated in 1964. company engaged in the manufacture and supply of a variety of products under the broad categories of

  1. Torque transfer systems (four-wheel-drive (4WD) and all-wheel-drive (AWD) vehicles);
  2. Manual transmission and DCT synchronizer systems; and
  3. components for the aforementioned product categories of EVs, DCTs, and torque transfer systems and synchronizer systems.

Company has also evolved

  1. Transmission systems for EVs;
  2. DCT systems, and
  3. rear-wheel drive manual transmissions

Company is one of the few companies that serves both as a systems-level solution provider as well as a component kit supplier to global OEMs and Tier I transmission systems suppliers (source: CRISIL Report).

The company has an in-house software development capability that helps in providing system-level solutions by offering software that controls the vehicle dynamics. They are also one of the first few suppliers of steel and carbon-based synchronizer systems for the Indian market and are one of the leading manufacturers of steel synchronizers in India (source: CRISIL Report).

Noteworthy Highlight

  • The company is amongst the very few automotive component entities in India that have the capability to develop and provide system-level transfer cases, torque couplers, and dual clutch automatic transmission (“DCT”) solutions (source: CRISIL Report).
  • It is one of the top suppliers of transfer case systems to Indian automotive OEMs and the biggest provider of transfer case systems to Indian manufacturers of passenger vehicles (source: CRISIL Report).
  • The company is 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).
  • Moreover, Divgi TorqTransfer Systems Ltd. has the capacity to create and offer electric vehicle transmission systems (“EVs”).

Objects of the Issue

The company proposes to utilize the net proceeds of the Fresh Issue towards funding the following objects:

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

Financial Highlights (Restated)

ParticularsPeriod ended on 30th Sep. 2022FY 2021-22FY 2020-21FY 2019-20
Net Worth356.20340.02295.88209.53
Total Assets430.21405.37362.88303.70
Total Borrowings0.500.120.2650.41
Total Revenue137.55241.87195.03170.74
Profit After Tax25.6646.1538.0428.04
(Amount in ₹ Crore)

Divgi TorqTransfer Systems IPO – Details

Issue TypeBook Built Issue IPO
IPO Price₹ 560 to ₹ 590 per share
Face Value₹ 5 per share
Market Lot25 Shares
Issue Size
Fresh Issue[.] shares of ₹ 5  (Aggregating up to ₹ 180 Crore)
Offer for Sale3,934,243 shares of ₹ 5  (Aggregating up to ₹ [.] Crore)
QIB Shares OfferedNot less than 75% of the Offer
NII (HNI) Shares OfferedNot more than 15% of the Offer
Retail Shares OfferedNot more than 10% of the Offer
Listing AtNSE, BSE
Company PromotersJitendra Bhaskar Divgi, 
Hirendra Bhaskar Divgi 
Divgi Holdings Private Limited

GMP – Divgi TorqTransfer Systems IPO

Divgi TorqTransfer Systems’ IPO GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilize after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.

Tentative Dates – Divgi TorqTransfer Systems IPO

The issue opens for subscription on March 1, 2023, and closes for subscription on March 3, 2023 (both days inclusive). The basis of allotment will be finalized on March 9th, 2023, and the refunds will be initiated on March 10th, 2023. In addition, the demat credits are expected to happen on March 13, 2023, and the stock will list on March 14, 2023, on the NSE SME segment. 

Opening DateMarch 1, 2023
Closing DateMarch 3, 2023
Basis of AllotmentMarch 9, 2023
Initiation of RefundsMarch 10, 2023
Credit of shares to Demat A/cMarch 13, 2023
Listing DateMarch 14, 2023

Lot Size – Divgi TorqTransfer Systems IPO

The lot size of the Divgi TorqTransfer Systems IPO is 25 shares. A retail-individual investor can apply for up to 13 lots, i.e. 325 shares of  ₹ 191,750.

ApplicationsLotsSharesAmount 
Retail (Minimum)125₹ 14,750
Retail (Maximum)13325₹ 191,750
HNI (Minimum)14350₹ 206,500
B-HNI (Minimum)681,700₹ 1,003,000

Promoters Holdings – Divgi TorqTransfer Systems IPO

Pre-issue Shares Holdings67.18%
Post-issue Shares Holdings

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
IPO RHP
Company Contact InformationDivgi 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/
IPO RegistrarLink Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
IPO Lead Manager(s)Inga Ventures Pvt Ltd 
Equirus Capital Private Limited

FAQ’s

The finalisation of the basis of allotment for the Divgi TorqTransfer Systems Ltd. IPO will be done on March 9, 2023, and the allotted shares will be credited to your demat account by March 13, 2023. Check the Divgi TorqTransfer Systems Ltd. IPO allotment status.

The Divgi TorqTransfer Systems Ltd. IPO shares listing date is March 14, 2023.

Click here for more FAQs.

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