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Divgi IPO

Should I apply Divgi TorqTransfer Systems IPO?

Latest and updated information about Divgi TorqTransfer Systems IPO. Dates are updated as they are announced.

IPO ActivityDate
IPO Open Date01-03-2023
IPO Close Date03-03-2023
Basis of Allotment
Finalisation Date*
Refunds Initiation*10-03-2023
Credit of Shares
to Demat Account*
IPO Listing Date*14-03-2023

* – Tentative Dates

IPO live subscription information has opted from NSE and BSE site. We merge both the data and present it in a readable format. Live subscription information updates in every 10 mins for the open IPO.

  • Qualified Institutional Buyers: 20,95,528 Shares (54.55%)
  • Non-Institutional Investors: 10,47,763 Shares (27.27%)
  • Small NII (SNII- Bid below ₹10L): 3,49,255 Shares (9.09%)
  • Big NII (BNII- Bid above ₹10L): 6,98,508 Shares (18.18%)
  • Retail Individual Investor: 6,98,509 Shares (18.18%)
Day QIBNIISNII (Below ₹10L)BNII(Above ₹10L)RIITotal
 # of Share Offered20,95,52810,47,7633,49,2556,98,5086,98,50938,41,800
11st Mar 2023 17:020.00x0.06x0.09x0.04x0.60x0.12x
22nd Mar 2023 17:020.06x0.22x0.37x0.15x1.56x0.38x
33rd Mar 2023 15:347.02x1.27x2.16x0.83x3.78x4.87x
CategorySubscription (times)
    bNII (bids above ₹10L)0.84
    sNII (bids below ₹10L)2.21

Latest IPO GMP Today is ₹74(+/-), last updated on Mar 3rd 2023 01:59 PM. Given at the price band of 590, the estimated listing price for the Divgi TorqTransfer Systems IPO is ₹664 (cap price + today’s GMP). The expected gain/loss per share in terms of percentage is 12.54%.Divgi TorqTransfer Systems IPO Big HNI Subject to Sauda: ₹10000

We update GMP on daily basis and based on the last 11 sessions grey market activities, Today’s IPO GMP trend indicates Upside and expects a strong listing. With this, retail investors should apply in this IPO with full force.The lowest GMP is recorded at ₹0 while the highest GMP is ₹74. Stay tuned with us to know the day-by-day Divgi TorqTransfer Systems IPO GMP Performance along with its expected listing price.

Divgi TorqTransfer Systems Day-wise IPO GMP Trend

GMP DateGMPS2SEstimated Listing PriceLast Updated Time
03-03-2023₹74  Todays Movement - GMP Up₹664 (12.54%)Mar 3, 2023 1:59:15 PM IST
02-03-2023₹70 Todays Movement - GMP No Change₹660 (11.86%)Mar 2, 2023 8:42:41 PM IST
01-03-2023₹70  Todays Movement - GMP Up₹660 (11.86%)Mar 1, 2023 4:03:51 PM IST
28-02-2023₹0 Todays Movement - GMP No Change₹590 (0.00%)Feb 28, 2023 5:21:22 PM IST
27-02-2023₹0 Todays Movement - GMP No Change₹590 (0.00%)Feb 27, 2023 5:46:59 PM IST
26-02-2023₹0 Todays Movement - GMP No Change₹NA (0.00%)Feb 26, 2023 8:00:09 AM IST
25-02-2023₹0 Todays Movement - GMP No Change₹NA (0.00%)Feb 25, 2023 8:00:07 AM IST
24-02-2023₹0 Todays Movement - GMP No Change₹NA (0.00%)Feb 24, 2023 4:44:51 PM IST
23-02-2023₹0 Todays Movement - GMP No Change₹NA (0.00%)Feb 23, 2023 5:01:39 PM IST
22-02-2023₹0 Todays Movement - GMP No Change₹NA (0.00%)Feb 22, 2023 5:18:13 PM IST
21-02-2023₹0 Todays Movement - GMP No Change₹NA (0.00%)Feb 21, 2023 5:32:47 PM IST

The estimated listing price for Divgi TorqTransfer Systems IPO is ₹664 which is approx 12.54% gain. The latest GMP of Divgi TorqTransfer Systems IPO is ₹74. The GMP price last updated on Mar 3rd 2023 01:59 PM.

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
Amount in ₹ Crore

Objects of the Issue

The Company proposes to utilize the Net Proceeds from the Fresh Issue towards the following objects:

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

Divgi TorqTransfer Systems IPO Details

IPO DateMar 1, 2023 to Mar 3, 2023
Listing Date[.]
Face Value₹5 per share
Price₹560 to ₹590 per share
Lot Size25 Shares
Issue Size[.] shares of ₹5
(aggregating up to ₹412.12 Cr)
Fresh Issue[.] shares of ₹5
(aggregating up to ₹180.00 Cr)
Offer for Sale3,934,243 shares of ₹5
(aggregating up to ₹[.] Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
P/E (x)35.16
Market Cap (₹ Cr.)1804.39
QIB Shares OfferedNot less than 75% of the Offer
NII (HNI) Shares OfferedNot more than 15% of the Offer
Retail Shares OfferedNot more than 10% of the Offer
Company PromotersJitendra Bhaskar Divgi, Hirendra Bhaskar Divgi and Divgi Holdings Private Limited are the promoters of the company.

Divgi TorqTransfer Systems IPO Tentative Timetable

Divgi TorqTransfer Systems IPO opens on Mar 1, 2023, and closes on Mar 3, 2023. The Divgi TorqTransfer Systems IPO bid date is from Mar 1, 2023 10.00 A.M. to Mar 3, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

EventTentative Date
Opening DateMar 1, 2023
Closing DateMar 3, 2023
Basis of AllotmentMar 9, 2023
Initiation of RefundsMar 10, 2023
Credit of Shares to DematMar 13, 2023
Listing DateMar 14, 2023

Divgi TorqTransfer Systems IPO Lot Size

The Divgi TorqTransfer Systems IPO lot size is 25 shares. A retail-individual investor can apply for up to 13 lots (325 shares or ₹191,750).

Retail (Min)125₹14,750
Retail (Max)13325₹191,750
S-HNI (Min)14350₹206,500
B-HNI (Min)681,700₹1,003,000

Divgi TorqTransfer Systems IPO Promoter Holding

Pre Issue Share Holding67.18%
Post Issue Share Holding

DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. Any reader taking decisions based on any information published here does so entirely at own risk. Investors should bear in mind that any investment in stock markets are subject to unpredictable market related risks. Author has no plans to invest in this offer.