The Divgi TorqTransfer Systems date has been confirmed from March 1 and ended on March 3 .
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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Bidding Dates
March 1 – 3 ,2023
Price Range
₹560 to ₹590 per share
Face Value
₹5 per share
GMP
₹29
Divgi TorqTransfer Systems GMP
The Divgi TorqTransfer Systems IPO GMP is ₹[29].
IPO Overview
The price band for the Divgi TorqTransfer Systems IPO is set at ₹560 to ₹590 per share. The minimum lot size for an application is 25 shares. Retail investors are required to make a minimum investment of ₹14,750. For sNII, the minimum lot size investment is 14 lots (350 shares), amounting to ₹206,500, while for bNII, it is 68 lots (1,700 shares), amounting to ₹1,003,000.
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 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 | Divgi.ipo@linkintime.co.in |
| Website | https://linkintime.co.in/mipo/ipoallotment.html |
Contact Details
| Name | Divgi TorqTransfer Systems Limited |
| Phone number | +91 020 – 27302000 |
| Email ID | sckadrolli@divgi-tts.com |
| Website | https://www.divgi-tts.com/ |
IPO Strenghts
- 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.
