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IPO Status: Listed [1st Mar 2023 to 3rd Mar 2023]
Rated 3/5 by Team InvestorGain
Divgi TorqTransfer Systems Limited offers an IPO issue size comprises both Fresh issue worth of Rs 200.00 Cr and OFS issue size of 3,934,243 equity shares. The subscription for this IPO is opening from 01 Mar 2023 to 03 Mar 2023. Face value of each share is Rs 5. The issue price band for this IPO is ranging from Rs 560 to Rs 590 each share along with the Lot size of 25 shares. This IPO is going to be listing on both exchanges NSE and BSE.
Stay tuned with us to know more about Divgi TorqTransfer Systems Limited IPO Review including company overview, financial, live subscription, allotment, GMP, and more.
| IPO Issue Opening Date: | 1st Mar 2023 |
| IPO Issue Closing Date: | 3rd Mar 2023 |
| IPO Issue Price: | ₹560-590 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not more than 10% of the Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹412.12 Cr |
| Offer for Sale: | ₹232.12 Cr |
| Fresh Issue: | ₹180.00 Cr |
| Face Value: | ₹5 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 67.18% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| BSE Code: | 543812 |
| NSE Code: | DIVGIITTS |
Get important updates regarding Divgi TorqTransfer SystemsIPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 9th Mar 2023 |
| Refunds Initiation* | 10th Mar 2023 |
| Credit of Shares to Demat* | 13th Mar 2023 |
| IPO Listing Date* | 14th Mar 2023 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹560-590 |
| Market Lot: | 25 Shares |
| 1 Lot Amount: | ₹14750 |
| Min Small HNI Lots(2-10 Lakh): | 350 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 1700 shares (68 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 14-03-2023 | 590 | 29 | 8000 | ₹619 (4.92%) | 14-Mar-2023 8:49 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Divgi TorqTransfer Systems Limited was incorporated in Dec 1964.They are amongst the very few automotive component entities in India who have the capability to develop and provide system level transfer case, torque coupler and dual clutch automatic transmissions ("DCT") solutions. They 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. They have three manufacturing and assembling facilities across India located at Sirsi in Karnataka, and Shivare and Bhosari near Pune in Maharashtra.
Divgi's manufacture and supply a variety of products under the broad categories of :
They have an in-house software development capability which helps us in providing system level solutions 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 markets, and are one of the leading manufacturers of steel synchronizers in India.
| Incorporation | Sector | IPO Issue Size | Website |
| 1964 | Automotive Component | ₹412.12 Cr | http://www.divgi-tts.com/ |
The Company proposes to utilize the Net Proceeds from the Fresh Issue towards the following objects:
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 2,095,528 (54.55%) | 1,047,763 (27.27%) | 698,509 (18.18%) | 3,841,800 | |
| 1 | 1st Mar 2023 17:02 | 0.00x | 0.06x | 0.60x | 0.12x |
| 2 | 2nd Mar 2023 17:02 | 0.06x | 0.22x | 1.56x | 0.38x |
| 3 | 3rd Mar 2023 19:02 | 7.83x | 1.40x | 4.31x | 5.44x |
Past performance and financial results of Divgi TorqTransfer Systems.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 303.70 | 170.74 | 28.04 | 209.53 | 203.51 | 50.41 |
| 31-Mar-21 | 362.88 | 195.03 | 38.04 | 295.88 | 288.99 | 0.26 |
| 31-Mar-22 | 405.37 | 241.87 | 46.15 | 340.02 | 326.25 | 0.12 |
| 30-Sep-22 | 430.21 | 137.55 | 25.66 | 356.20 | 342.44 | 0.50 |
| Amount in ? Crore | ||||||
Last Updated on 17-Mar-2023 09:00:13
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Divgi TorqTransfer Systems IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Divgi TorqTransfer Systems IPO with Zerodha.
Alternate approch to apply in Divgi TorqTransfer Systems IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Divgi TorqTransfer Systems IPO Review and Important Updates
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To subscribe or apply in Divgi TorqTransfer Systems IPO, you can use the following methods:
| Divgi TorqTransfer Systems IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Divgi TorqTransfer Systems IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Divgi TorqTransfer Systems IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Divgi TorqTransfer Systems IPO. Most of the Syndicate Banks provide access to apply in Divgi TorqTransfer Systems IPO via ASBA process. You must have your net banking access, DP ID information to apply in Divgi TorqTransfer Systems IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Divgi TorqTransfer Systems IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Divgi TorqTransfer Systems IPO Review and Important Updates
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Applying in Divgi TorqTransfer Systems IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Divgi TorqTransfer Systems IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Divgi TorqTransfer Systems IPO, please refer article >> Link
Divgi TorqTransfer Systems IPO Review and Important Updates
Steps to download the online application form for Divgi TorqTransfer Systems IPO
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Divgi TorqTransfer Systems IPO is going to be list on 14-03-2023. NSE Code for Divgi TorqTransfer Systems is DIVGIITTS. BSE Code for Divgi TorqTransfer Systems is 543812.
Other relevant questions:
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Divgi TorqTransfer Systems IPO Allotment Date is 09-03-2023.
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Divgi TorqTransfer Systems IPO share allotment date?Divgi TorqTransfer Systems IPO allotment date?
