DIVGI TORQTRANSFER SYSTEMS LIMITED
₹ 560 - ₹ 590
01-Mar-2023 - 03-Mar-2023
₹ 14750.00

/ 25 Shares

DIVGI TORQTRANSFER SYSTEMS LIMITED

01-Mar-2023 - 03-Mar-2023

₹ 560 - ₹ 590

Price Band

₹ 14750.00

Minimum Investment

25

Bid Lot

6,985,090

Shares

IPO Details

Fresh Issue of Equity shares aggregating upto Rs.180 Cr and Offer for sale of 3,934,243 Equity Shares

Category % Shares/Amount
QIB 75% 5,238,818 Shares Rs. 309.09 Cr
HNI 1 5% 349,255 Shares Rs. 20.61 Cr @ 998 Forms 1x
HNI 2 10% 698,508 Shares Rs. 40.03 Cr @1996 Forms 1x
Retail 10% 698,509 Shares Rs. 40.03 Cr @ 27940 Forms 1x

BRLMs: Inga Ventures, Equirus Capital

IPO Timeline

  • Open Date

    01-Mar-2023

  • Close Date

    03-Mar-2023

  • Basis of Allotment Date

    09-Mar-2023

  • Initiation of Refunds

    10-Mar-2023

  • Credit Shares to Demat A/c

    13-Mar-2023

  • IPO Listing Date

    14-Mar-2023

Subscription as on
03-Mar-2023 16:46

Category Book Size Subscription No. of Times
QIB 2,095,528 ₹ 123.64 Cr. 5,183,675 ₹ 305.84 Cr. 2.47x
HNI (<10 LAKH) 349,255 ₹ 20.61 Cr. 395,000 ₹ 23.31 Cr. 1.13x
HNI2 (>10 LAKH) 698,508 ₹ 41.21 Cr. 282,275 ₹ 16.65 Cr. 0.40x
RETAIL 698,509 ₹ 41.21 Cr. 1,729,700 ₹ 102.05 Cr. 2.48x
Total 3,841,800 7,590,650 1.98x
Category Book Size Subscription No. of Times
QIB 2,095,528 ₹ 123.64 Cr. 5,183,675 ₹ 305.84 Cr. 2.47x
HNI (<10 LAKH) 349,255 ₹ 20.61 Cr. 395,000 ₹ 23.31 Cr. 1.13x
HNI2 (>10 LAKH) 698,508 ₹ 41.21 Cr. 282,275 ₹ 16.65 Cr. 0.40x
RETAIL 698,509 ₹ 41.21 Cr. 1,729,700 ₹ 102.05 Cr. 2.48x
Total 3,841,800 7,590,650 1.98x

*Excluding Anchor

Total No. of Application Approx : ~98931 (3.54 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • Divgi Torqtransfer (“Divgi-TTS”) was incorporated on December 16, 1964. Divgi-TTS is 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”) solution. 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. 
  • Divgi-TTS also has the capability to develop and provide transmission systems for electric vehicles (“EVs”). They are in the process of designing and developing prototypes of transmission systems for EVs pursuant to receipt of a business award for this purpose. 
  • Divgi-TTS manufactures and supply a variety of products under the broad categories of (i) torque transfer systems (which includes fourwheel- drive (“4WD”) and all-wheel-drive (“AWD”) products); (ii) synchronizer systems for manual transmissions and DCT; and (iii) components for the above-mentioned product categories for torque transfer systems and synchronizer systems in manual transmission, DCT, and EVs. They have also developed (i) transmission systems for EVs; (ii) DCT systems; and (iii) rear wheel drive manual transmissions. 
  • Company’s diverse capabilities enable them to service customers across segments in the automotive industry, including passenger vehicles, utility vehicles and commercial vehicles. 
  • They have a client base of global OEMs and global transmission systems suppliers, with their Top-5 customers accounting for 92.66%, 91.28%, 92.86%, and 86.94% of their revenue from operations for 6 months ended September 30, 2022, Fiscal 2022, Fiscal 2021 and Fiscal 2020, respectively. 
  • Divgi-TTS has 3 manufacturing and assembling facilities across India located at Sirsi in Karnataka, and Shivare and Bhosari near Pune in Maharashtra. 
Read More

Strengths

  • Capability to develop and provide system level transfer case, torque coupler, DCT solutions and transmission systems for EVs across a wide array of automotive vehicles and geographies;
  • Strategically located manufacturing facilities capable of producing high precision components meeting system-level design intent; 
  • Long-term relationships with marquee domestic and global customers;
  • Experienced board of directors and senior management team supported by skilled and qualified workforce;
  • Consistent financial performance with focus on innovation and R&D capabilities.

Company Promoters

Praveen Purushottam Kadle is the Chairman and Independent Director on the Board. Jitendra Bhaskar Divgi is the Managing Director on the Board. Hirendra Bhaskar Divgi is the Whole-time Director on the Board. Sanjay Bhalchandra Divgi is the Non-Executive Director on the Board. Bharat Bhalchandra Divgi is the Director on the board. Pradip Vasant Dubashi is the Independent Director on the Board. Ajay Bhaskar Limaye is the Nominee Director on the Board. Pundalik Dinkar Kudva is an Independent

Company Financials

 
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

Objects of the Issue

  1. Funding capital expenditure requirements for the purchase of equipment/machineries of our manufacturing facilities;
  2. General corporate purposes.

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to InvestoYard.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with InvestoYard, in just a few clicks your application is processed. You can bid for any IPO through InvestoYard, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on InvestoYard’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

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