Divgi TorqTransfer Systems Limited
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₹8(1.36%)
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Divgi TorqTransfer Systems Limited's successfully completed its Initial Public Offering and commenced trading on Mar 14, 2023 at the NSE, BSE exchange. The company raised TBD through this public offering, comprising TBD in fresh capital and ₹232.12 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹560 to ₹590, with minimum application lots of 25 shares. The offering attracted significant investor interest during its subscription period from Mar 01, 2023 to Mar 03, 2023.
Share allotment was finalized on Mar 09, 2023, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 1964, Divgi TorqTransfer Systems Limited is a leading automotive component manufacturer in India, specializing in system-level transfer cases, torque couplers, and dual-clutch automatic transmission (DCT) solutions. The company is one of the largest suppliers of transfer case systems to passenger vehicle OEMs in India and the only Indian manufacturer exporting transfer cases to global OEMs. Its product portfolio includes torque transfer systems (4WD and AWD), synchronizer systems for manual and DCT transmissions, and components for these systems, including EV applications. Additionally, Divgi has developed advanced solutions such as transmission systems for EVs, DCT systems, and rear-wheel-drive manual transmissions, positioning itself as a comprehensive systems-level solution provider and component supplier to both domestic and international automotive manufacturers
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Jitendra Bhaskar Divgi
- Hirendra Bhaskar Divgi
- Divgi Holdings Private Limited
Divgi TorqTransfer Systems Limited
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