Divgi TorqTransfer Systems Limited
- IPO Date01 Mar, 2023 to 03 Mar, 2023
- Listing Date14 Mar, 2023
- Face Value₹5 per share
- Issue Price₹560 to ₹590 per share
- Lot Size25 Shares
- Minimum Investment₹14,750
- Listing AtBSE, NSE
- Total Issue Size-
- Fresh Issue-
- Offer for Sale39,34,243 Shares
(aggregating up to ₹232.12 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
03 Mar, 2023
Initiation of Refunds
13 Mar, 2023
Listing Date
14 Mar, 2023
01 Mar, 2023
Opening Date
09 Mar, 2023
Basis of Allotment
13 Mar, 2023
Credit of Shares
Divgi TorqTransfer Systems Limited Lot Size
The minimum lot size of this Divgi TorqTransfer Systems IPO is 25 shares required is ₹14,750.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Min) | 14 | 350 | ₹2,06,500 |
| Retail (Max) | 13 | 325 | ₹1,91,750 |
| Retail (Min) | 1 | 25 | ₹14,750 |
| B-HNI (Min) | 68 | 1700 | ₹10,03,000 |
| S-HNI (Max) | 67 | 1675 | ₹9,88,250 |
Divgi TorqTransfer Systems Limited Promoter Holding
Jitendra Bhaskar Divgi, Hirendra Bhaskar Divgi and Divgi Holdings Private Limited are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 67.18% | - |
Divgi TorqTransfer Systems Limited COMPANY INFORMATION
Divgi TorqTransfer Systems IPO is a Book Built Issue. The IPO total issue size is Rs 412.12 Cr. The Divgi TorqTransfer Systems IPO price is ₹560 to ₹590 per share. The IPO will list on BSE, NSE.
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.
FAQs About Divgi Torqtransfer Systems Limited
Divgi TorqTransfer Systems Limited will open on 01 Mar, 2023 and close on 03 Mar, 2023. Investors must apply within this period to participate.
The Divgi TorqTransfer Systems Limited price band is set between ₹560.00 and ₹590.00 per share. The minimum lot size is 25, requiring an investment of at least ₹14750.00.
The Divgi TorqTransfer Systems Limited shares are expected to be listed on 14 Mar, 2023, subject to regulatory approvals and final allotment.
You can track your Divgi TorqTransfer Systems Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Divgi TorqTransfer Systems Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.