Divgi Torqtransfer Systems to Open on March 1. Check IPO Details, Issue Date, Price


Divgi Torqtransfer Systems to Open on March 1. Check IPO Details, Issue Date, Price

February 28, 2023
Divgi Torqtransfer Systems to Open on March 1. Check IPO Details, Issue Date, Price

Divqi Torqtransfer Systems is coming out with a fresh public issue to raise Rs.412 crores from the market.

Below are the details of the Divqi Torqtransfer Systems IPO:

  • Issue opens – March 1 (Wednesday)
  • Issue closes – March 3 (Friday)
  • Issue size – Rs. 412 crores
  • Price band – Rs. 560 to 590 per equity share
  • Bid lot – 25 shares and in multiples thereof

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And here are some details of the company and further details on the Divqi Torqtransfer Systems.

Company details:

·   Divgi Torqtransfer Systems Limited is amongst the very few suppliers in India which has the capability to develop and provide system level transfer case, torque coupler and DCT solutions (Source: CRISIL Report). It 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 (Source: CRISIL Report). They are also the only player manufacturing and exporting transfer cases to global OEMs from India, and the only manufacturer of torque couplers in India (Source: CRISIL Report). They also have the capability to develop and provide transmission systems for electric vehicles (“EVs”).

·    They manufacture 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 an in-house software development capability which helps them in providing system level solutions offering software that controls the vehicle dynamics. They are also one of the first few suppliers of steel and carbon-based synchronizer systems for the Indian markets, and are one of the leading manufacturers of steel synchronizers in India (Source: CRISIL Report).

·   They have achieved leading positions for select products in their portfolio through focus on innovation; offering of customized solutions in distinctive products; in-house software development capability; and product development and production at quality standards acceptable to their clients and at optimized costs.

·   They have three manufacturing and assembling facilities across India located at Sirsi in Karnataka, and Shivare and Bhosari near Pune in Maharashtra, with the manufacturing facilities at Shivare and Bhosari being strategically located in proximity to their key clients, and one under-construction manufacturing facility located at Shirwal, Maharashtra. Their key customers in close proximity to their Bhosari and Shivare facilities include Tata Motors, Mahindra & Mahindra, an Indian automotive manufacturing company and an Indian supplier to global automotive OEM.

·    Their manufacturing facilities have been duly certified in accordance with international standards of quality management systems, environmental management systems, health and safety management systems and specialized processes such as IATF 16949:2016, ISO 45001:2018 and ISO 14001:2015. They have been awarded the “Innovation Award for ECU” by BorgWarner for the year 2008, and “Zero Defect Supplies” by Toyota Kirloskar Auto Parts for the years 2017 and 2020 in recognition of their outstanding contribution by achieving zero defect supplies.

Issue Size: 412 crores

Issue break-up:

  • QIB – 75% of the offer – Rs. 309.09 crores
  • NIB – 15% of the offer – Rs. 61.82 crores
  • RET – 10% of the offer – Rs. 41.21 crores

Listing: BSE and NSE

Registrar: Link Intime India Private Limited

UPI: All Retail & NII bidders' (bids up to Rs 5,00,000) applications through brokers are compulsorily in UPI Mode.


· Application made using third party UPI or ASBA Bank A/c are liable to be rejected.      

· The UPI Mandate acceptance time for Retail and NII Bidders (bids up to ? 5,00,000) shall expire at 5:00 PM on the closing day of  the IPO i.e. Friday, March 03, 2023

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