Divgi TorqTransfer IPO GMP, Price, Date, Allotment


Last updated on April 18, 2023

Divgi TorqTransfer IPO GMP 2023

Divgi TorqTransfer IPO description – The company is amongst the few automotive component entities in India with the capability to develop and provide system-level transfer case, torque coupler and dual-clutch automatic transmission (DCT) solutions.

The company 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. It is also the only player manufacturing and exporting transfer cases to global OEMs from India, and the only manufacturer of torque couplers in India.

It also has the capability to develop and provide transmission systems for electric vehicles (EVs). The company has been awarded a contract for the supply of EV transmission systems for one of the leading providers of EVs in India, and for supply of components for Hybrid Vehicles for a global OEM.

Divgi TorqTransfer manufactures and supplies a variety of products categories:

  • Torque transfer systems including 4WD and AWD products
  • Synchronizer systems for manual transmissions and DCT
  • Components for the above-mentioned product categories for torque transfer systems and synchronizer systems in manual transmission, DCT, and EVs
Divgi TorqTransfer 2023

The company has three manufacturing and assembling facilities located at Sirsi in Karnataka, and Shivare and Bhosari near Pune in Maharashtra.

Promoters of Divgi TorqTransfer – Jitendra Bhaskar Divgi, Hirendra Bhaskar Divgi and Divgi Holdings Private Limited

Divgi TorqTransfer IPO Details

Divgi TorqTransfer IPO Dates1 – 3 March 2023
Divgi TorqTransfer IPO Price INR 560 – 590 per share
Fresh issueINR 180 crore
Offer For Sale3,934,243 shares (INR 220.32 – 232.12 crore)
Total IPO sizeINR 400.32 – 412.12 crore
Minimum bid (lot size)25 shares (INR 14,750)
Face Value INR 5 per share
Retail Allocation10%
Listing OnNSE, BSE

Divgi TorqTransfer Financial Performance

 FY 2020FY 2021FY 2022H1 FY 2023
Net income283846.225.7
Margin (%)17.620.419.819.2
Figures in INR crore unless specified otherwise

Divgi TorqTransfer Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio33.41 – 35.20
RONW (%)13.3812.8613.57
ROCE (%)16.217.818.3
EBITDA (%)23.2227.8228.07
*Compiled by IPO Central from Prospectus

Divgi TorqTransfer IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
13 Mar 202320
11 Mar 202322
10 Mar 202325
9 Mar 202330
8 Mar 202330
6 Mar 202340
4 Mar 202340
3 Mar 202350
2 Mar 202350

Divgi TorqTransfer IPO Subscription – Live Updates

Shares Offered20,95,52810,47,7636,98,50938,41,800
3 Mar 20237.831.404.315.44
2 Mar 20230.060.221.610.38
1 Mar 20230.000.060.600.12

Divgi TorqTransfer IPO Allotment Status

Divgi TorqTransfer IPO allotment is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.

Divgi TorqTransfer Offer News

Divgi TorqTransfer IPO Reviews – Subscribe or Avoid?

Angel One –
Anand Rathi –
Antique Stock Broking –
Arihant Capital –
Ashika Research –
Asit C Mehta –
BP Wealth – Subscribe
Canara Bank Securities – Subscribe
Choice Broking – Subscribe with caution
Dalal & Broacha –
Elite Wealth – Aggressive investors may apply
Geojit –
GEPL Capital – Subscribe
Hem Securities – Long term subscribe
ICICIdirect – Subscribe
Jainam Broking –
KR Choksey –
LKP Research –
Marwadi Financial –
Motilal Oswal –
Nirmal Bang – Subscribe for long term
Reliance Securities –
Religare Broking –
Samco Securities – Subscribe
SMC Global – 1/5
Swastika Investmart –
Ventura Securities – Not rated

Divgi TorqTransfer Offer Registrar

C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
 +022 49186200
[email protected]

Divgi TorqTransfer Contact Details

Plot No. 75, General Block, MIDC,
Bhosari, Pune 411026
Phone: +91 020 – 27302000
Email: [email protected]
Website: www.divgi-tts.com

Divgi TorqTransfer IPO Dates & Listing Performance

Divgi TorqTransfer IPO Opening Date1 March 2023
Divgi TorqTransfer IPO Closing Date3 March 2023
Finalisation of Basis of Allotment9 March 2023
Initiation of refunds10 March 2023
Transfer of shares to demat accounts13 March 2023
Divgi Torq IPO Listing Date14 March 2023
Opening Price on NSEINR 620 per share (up 5.08%)
Closing Price on NSEINR 605.20 per share (up 2.58%)

Divgi TorqTransfer IPO FAQs

How many shares in Divgi TorqTransfer IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.

How to apply in Divgi TorqTransfer Public Offer?

The best way to apply in Divgi TorqTransfer public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is Divgi TorqTransfer IPO GMP today?

Divgi TorqTransfer IPO GMP today is INR 20 per share.

What is Divgi TorqTransfer kostak rate today?

Divgi TorqTransfer kostak rate today is NA per application.

What is Divgi Torq Subject to Sauda rate today?

Divgi Torq Subject to Sauda rate today is NA per application.


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