What is the issue size of the Divgi TorqTransfer Systems Limited IPO?

The issue size of the Divgi TorqTransfer Systems IPO is Rs. 412 crore. The fresh issue totals up to Rs. 180 crore and there is an offer for sale of up to 39,34,243 Equity Shares of Rs. 5 each.

When will Divgi TorqTransfer Systems IPO open?

The Divgi TorqTransfer Systems IPO will open on 1st March 2023.

What is the size of the lot of the Divgi TorqTransfer Systems IPO?

The lot size for the Divgi TorqTransfer Systems IPOs Limited IPO is 25 shares and its multiples thereof.

When will the bidding for the Divgi TorqTransfer Systems IPO end?

The last date for bidding for the Divgi TorqTransfer Systems IPO is 3rd March 2023.

Where is Divgi TorqTransfer Systems Limited listed?

Divgi TorqTransfer Systems Limited is listed both on BSE and NSE.

What is the face value of each share of Divgi TorqTransfer Systems Limited?

The face value of each share of Divgi TorqTransfer Systems Limited is Rs. 5.

How will I know when my Divgi TorqTransfer Systems Limited IPO order is placed?

You will get a notification from us when your order is successfully placed with the exchange.

What type of issue is the Divgi TorqTransfer Systems Limited IPO?

The Divgi TorqTransfer Systems Limited IPO is a book built issue IPO.

Divgi TorqTransfer Systems IPO

Divgi TorqTransfer Systems Limited

₹14,000 /25 sharesMinimum Investment

Divgi TorqTransfer Systems IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
BSE & NSE₹590.00₹620.00₹30.00 (5.08%)
Divgi TorqTransfer Systems IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
1 Mar ‘23 - 3 Mar ‘23₹14,00025₹560 - ₹590
Issue SizeIPO Doc
412.00CrRHP PDF
Subscription Status As on 03 Mar '23, 5:05 PMQualified Institutional Buyers
7.83x
Non-Institutional Investor
1.40x
Retail Individual Investor
4.31x
Total
5.44x
About Divgi TorqTransfer SystemsDivgi TorqTransfer Systems is an automotive component entity. It is the largest supplier of transfer case systems to passenger vehicle manufacturers in India, and an industry leader in supplying these to Indian automotive OEMs. The company also develops transmission systems for Electric Vehicles (EVs), which have a highly growing demand globally. Apart from manufacturing, the company has an in-house software development capability, and focuses on innovation and customised solutions. The company also operates globally, actively collaborating with Europe-based consulting firms. ;
Parent Organisation
Divgi TorqTransfer Systems Limited
Founded
1964
Managing Director
Jitendra Bhaskar Divgi
Strengths & Risks
Here are some strengths of Divgi TorqTransfer Systems Limited:
One of the few suppliers in India who have the capability to develop and provide torque couplers, system level transfer case, DCT solutions and transmission systems for electric vehicles (EVs), which have a fast-growing demand, for a range of automotive vehicles and geographies. They also have leadership in certain categories of products.
Manufacturing facilities are strategically located and can produce high precision components that meet system-level design intent. 
The company has maintained long-term relationships with domestic and global marquee customers. 
Has an experienced board of directors and senior management, along with a workforce that is qualified and skilled. 
Has shown consistent financial performance and a focus on innovation and research and development.
Here are some risk factors associated with Divgi TorqTransfer Systems Limited:
The business is dependent on its top five customers. Any loss of such a customer, or a reduced demand from them, can significantly affect business performance. 
Volatility in price or availability of raw materials and components can adversely affect business activities.
The company may be unsuccessful in the implementation of their growth strategies, including capturing opportunities in the growing EV market.
There are costs, risks, and uncertainties associated with the business. This includes the uncertainty with respect to domestic and foreign laws and rules in places where the company operates. The company is also affected by the international political environment and trade relations. 
If the company is unable to adapt to technological and market trends and shifts in the automotive market, the business may be adversely affected. 
The company’s exports to certain countries are geographically concentrated. The inability to grow business in such countries may adversely affect business results and finances. 
The company faces a substantial amount of competition. To tackle this, the company must be able to adapt to changing customer preferences and the rapidly evolving industry. 
The company was declared a ‘sick company’ as its net worth became negative in fiscal year 2002. There is no guarantee that the same event will not occur in the future. 
The company is dependent on the success of its R&D. Failure to develop new products, processes, and techniques can adversely affect business and revenues.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹560 - 590₹2 Lakh
High Networth Individual₹560 - 590₹2 - 5 Lakh
For Divgi TorqTransfer Systems IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
BSE & NSE	₹590.00	₹620.00	₹30.00 (5.08%)

Bidding Dates	Min. Investment	Lot Size	Price Range
1 Mar ‘23 - 3 Mar ‘23	₹14,000	25	₹560 - ₹590

Issue Size	IPO Doc
412.00Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹560 - 590	₹2 Lakh
High Networth Individual	₹560 - 590	₹2 - 5 Lakh

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