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Divgi TorqTransfer Systems Limited IPO
Issue Size (Net)
up to Rs.180.00 Cr
Price Band
560 to 590 per share
Issue Opens
01-Mar-23
Issue Closes
03-Mar-23

Company Highlights

1.Company Information

Incorporated in 1964, Divgi TorqTransfer Systems Limited is engaged in the business as an automotive component entity. They are among the very few automotive component entities in India with the capability to develop and provide system-level transfer cases, torque couplers, and dual-clutch automatic transmission solutions.

Divgi TorqTransfer is 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. Not only thi are also the only player manufacturing and exporting transfer cases to global OEMs from India, and the only manufacturer of torque couplers in India.

Divgi TorqTransfer Systems Limited manufactures and supplies its products under a wide range which includes

1. Torque transfer systems (which includes four-wheel-drive ("4WD") and all-wheel-drive ("AWD") products)

2. Synchronizer systems for manual transmissions and DCT;

3. Components for the above-mentioned product categories for torque transfer systems and synchronizer systems in manual transmission, DCT, and EVs.

Alongside, they have also developed

1. Transmission systems for EVs;

2. DCT systems;

3. Rear wheel drive manual transmissions.

2. Objective of the Issue
The Company proposes to utilize the Net Proceeds towards funding of 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 Registrar
Link Intime India Private Ltd

Phone:+91-22-4918 6270

Email:Signatureglobal.ipo@linkintime.co.in

Website:https://linkintime.co.in/

Divgi TorqTransfer Systems Limited Financial Information (Restated)

Period Ended
Total Assets
Total Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
31-Mar-20
303.7
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
356.2
342.44
0.5
Amount in Rs. Crore

Divgi TorqTransfer Systems IPO Details

Issue Opening Date
01-Mar-23
Issue Closing Date
3-Mar-23
Face Value
Rs.5 per share
Price
560 to 590 per share
Lot Size
25 shares and in multiple thereof
Issue Size
Rs. 400 - 412 Cr
Fresh Issue
[.] shares of Rs.5 (aggregating up to Rs.180.00 Cr)
Offer for Sale
3,934,243 shares of Rs.5 (aggregating up to Rs.[.] Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
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.

Prospectus

Prospectus File

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Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

Landline Number
+91 11-4444-1111

Customer Care
+919350316010

Security

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