The Divgi TorqTransfer Systems IPO date has been confirmed from March 1 and ended on March 3. Read the post to learn about Divgi TorqTransfer Systems IPO GMP.
The IPO of Divgi TorqTransfer Systems is a book built issue worth Rs 412.12 crores. This includes a fresh issue of Rs 180.00 crore and an offer for sale of 0.39 crore shares. The bidding for the Divgi TorqTransfer Systems IPO commenced on March 1, 2023, and concluded on March 3, 2023. The allotment for this IPO was finalized on Thursday, March 9, 2023. The shares were then listed on both the BSE and NSE on March 14, 2023.
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Key Details Of Divgi TorqTransfer Systems IPO
Bidding Dates
March 1 – 3,2023
Price Range
₹560 to ₹590 per share
Face Value
₹5 per share
GMP
₹29
Divgi TorqTransfer Systems IPO GMP
The Divgi TorqTransfer Systems IPO GMP Today is ₹[29].
Divgi TorqTransfer Systems IPO Overview
The price band for Divgi TorqTransfer Systems’ IPO spreads out from ₹560 to ₹590 per share. The smallest portion of shares that can be applied is 25. Investors will have to invest at least ₹14,750 as ads. On sNII, a minimum of 14 lots (350 shares) at investment cost to be ₹206,500 is involved while 68 lots (1,700 shares) at ₹1,003,000 is required minimum investment for bNII.
Bearing on 1964 TorqTransfer Systems Limited is named after Divgi Corporation being in the enterprise of the automotive component. In India, they are one among very few that can develop and offer system transfer cases, torque couplers and dala clutch automatic transmission options in the automotive components business.
Among the key players, Divgi TorqTransfer remains the transfer case system supplier to the various OEMs in the country and also is the biggest provider of the Passenger Vehicle Transfer Case Systems in India. Additionally, the employment of an indigenously prototyped and designed axle cooling system along with transfer cases which are exported to global OEMs from India itself signify the humungous potential that Indian heritage has in high-end engineering ventures. Moreover, the manufacture of torque couplers also highlights another outstanding potential of the Indian automotive engineering and manufacturing industry.
Divgi TorqTransfer Systems Company Financials
| IPO Date | March 1, 2023 to March 3, 2023 |
| Listing Date | March 14, 2023 |
| Face Value | ₹5 per share |
| Price Band | ₹560 to ₹590 per share |
| Lot Size | 25 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹412.12 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹180.00 Cr) |
| Offer for Sale | 3,934,243 shares of ₹5 (aggregating up to ₹232.12 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Divgi TorqTransfer Systems Company Financials
| Parameters | Year ending on As on 31st March, 2022 | Year ending on 31st March, 2021 | Year ending on 31st March, 2020 |
| Revenue from operation | 2337.77 | 1865.75 | 1590.65 |
| Profit After Tax | 461.51 | 380.44 | 280.39 |
| EBITDA | 656.13 | 518.99 | 369.35 |
| Current Assets | 2,635.45 | 2,496.11 | 609.92 |
| Current Liabilities | 598.76 | 609.92 | 886.22 |
Competitive Peers
| Company Name | P/E ratio | EPS (Basic) | NAV per equity |
| Divgi TorqTransfer Systems Ltd. | NA | 16.76 | 123.50 |
| Sona BLW Precisions Foreigners Ltd. | 83.00 | 6.22 | 34.23 |
| Bosch Ltd. | 40.99 | 413.10 | 3,621.05 |
| ZF Commercial Vehicle Control Systems India Ltd. | 126.83 | 74.90 | 1,114.57 |
| Sundram Fasteners Ltd. | 41.51 | 21.74 | 125.46 |
| Endurance Technologies Ltd | 44.89 | 32.75 | 278.66 |
Company Profile
Established in 1964, Divgi TorqTransfer Systems Limited operates as a prominent automotive component entity. It stands out among the limited number of automotive component entities in India due to its expertise in developing and delivering system-level transfer cases, torque couplers, and dual-clutch automatic transmission solutions. Divgi TorqTransfer holds a significant position in the market as a leading supplier of transfer case systems to automotive OEMs in India. Moreover, it holds the distinction of being the largest supplier of transfer case systems to passenger vehicle manufacturers in the country. Additionally, Divgi
TorqTransfer is the sole player in India that manufactures and exports transfer cases to global OEMs, and it is also the exclusive manufacturer of torque couplers in India.
Registrar Info
| Name | LINK INTIME INDIA PRIVATE LIMITED |
| Phone number | +91 22 4918 6270 |
| Email ID | [email protected] |
| Website | https://linkintime.co.in/mipo/ipoallotment.html |
Contact Details
| Name | Divgi TorqTransfer Systems Limited |
| Phone number | +91 020 – 27302000 |
| Email ID | [email protected] |
| Website | https://www.divgi-tts.com/ |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Divgi TorqTransfer Systems IPO FAQs
When Divgi TorqTransfer Systems IPO will open?
The Divgi TorqTransfer Systems IPO opens on March 1, 2023 and closes on March 3, 2023.
What is the lot size of Divgi TorqTransfer Systems IPO?
Divgi TorqTransfer Systems IPO lot size is 25 Shares, and the minimum amount required is ₹14,750.
When is Divgi TorqTransfer Systems IPO allotment?
The completion of the Basis of Allotment for the Divgi TorqTransfer Systems IPO is scheduled for Thursday, March 9, 2023. Subsequently, the allocated shares will be deposited into your demat account by Monday, March 13, 2023.
When is Divgi TorqTransfer Systems IPO listing date?
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