Latest and updated information about Divgi TorqTransfer Systems IPO. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| IPO Open Date | 01-03-2023 |
| IPO Close Date | 03-03-2023 |
| Basis of Allotment Finalisation Date* | 09-03-2023 |
| Refunds Initiation* | 10-03-2023 |
| Credit of Shares to Demat Account* | 13-03-2023 |
| 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 | QIB | NII | SNII (Below ₹10L) | BNII(Above ₹10L) | RII | Total | |
|---|---|---|---|---|---|---|---|
| # of Share Offered | 20,95,528 | 10,47,763 | 3,49,255 | 6,98,508 | 6,98,509 | 38,41,800 | |
| 1 | 1st Mar 2023 17:02 | 0.00x | 0.06x | 0.09x | 0.04x | 0.60x | 0.12x |
| 2 | 2nd Mar 2023 17:02 | 0.06x | 0.22x | 0.37x | 0.15x | 1.56x | 0.38x |
| 3 | 3rd Mar 2023 15:34 | 7.02x | 1.27x | 2.16x | 0.83x | 3.78x | 4.87x |
| Category | Subscription (times) |
|---|---|
| QIB | 7.70 |
| NII | 1.30 |
| bNII (bids above ₹10L) | 0.84 |
| sNII (bids below ₹10L) | 2.21 |
| Retail | 3.84 |
| Total | 5.25 |
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 Date | GMP | S2S | Estimated Listing Price | Last Updated Time |
|---|---|---|---|---|
| 03-03-2023 | ₹74  | – | ₹664 (12.54%) | Mar 3, 2023 1:59:15 PM IST |
| 02-03-2023 | ₹70  | – | ₹660 (11.86%) | Mar 2, 2023 8:42:41 PM IST |
| 01-03-2023 | ₹70 | – | ₹660 (11.86%) | Mar 1, 2023 4:03:51 PM IST |
| 28-02-2023 | ₹0 | – | ₹590 (0.00%) | Feb 28, 2023 5:21:22 PM IST |
| 27-02-2023 | ₹0 | – | ₹590 (0.00%) | Feb 27, 2023 5:46:59 PM IST |
| 26-02-2023 | ₹0 | – | ₹NA (0.00%) | Feb 26, 2023 8:00:09 AM IST |
| 25-02-2023 | ₹0 | – | ₹NA (0.00%) | Feb 25, 2023 8:00:07 AM IST |
| 24-02-2023 | ₹0 | – | ₹NA (0.00%) | Feb 24, 2023 4:44:51 PM IST |
| 23-02-2023 | ₹0 | – | ₹NA (0.00%) | Feb 23, 2023 5:01:39 PM IST |
| 22-02-2023 | ₹0 | – | ₹NA (0.00%) | Feb 22, 2023 5:18:13 PM IST |
| 21-02-2023 | ₹0 | – | ₹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 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
The Company proposes to utilize the Net Proceeds from the Fresh Issue towards the following objects:
- Funding capital expenditure requirements for the purchase of equipment/machineries of our manufacturing facilities;
- General corporate purposes.
Divgi TorqTransfer Systems IPO Details
| IPO Date | Mar 1, 2023 to Mar 3, 2023 |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price | ₹560 to ₹590 per share |
| Lot Size | 25 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 Sale | 3,934,243 shares of ₹5 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| P/E (x) | 35.16 |
| Market Cap (₹ Cr.) | 1804.39 |
| QIB Shares Offered | Not less than 75% of the Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Offer |
| Retail Shares Offered | Not more than 10% of the Offer |
| Company Promoters | Jitendra 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.
| Event | Tentative Date |
|---|---|
| Opening Date | Mar 1, 2023 |
| Closing Date | Mar 3, 2023 |
| Basis of Allotment | Mar 9, 2023 |
| Initiation of Refunds | Mar 10, 2023 |
| Credit of Shares to Demat | Mar 13, 2023 |
| Listing Date | Mar 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).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹14,750 |
| Retail (Max) | 13 | 325 | ₹191,750 |
| S-HNI (Min) | 14 | 350 | ₹206,500 |
| B-HNI (Min) | 68 | 1,700 | ₹1,003,000 |
Divgi TorqTransfer Systems IPO Promoter Holding
| Pre Issue Share Holding | 67.18% |
| 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.
