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-
- Torque transfer systems (which includes four-wheel-drive (“4WD”) and all-wheel-drive (“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.
Alongside, they have also developed
- Transmission systems for EVs;
- DCT systems;
- Rear wheel drive manual transmissions.
Divgi TorqTransfer Systems Limited also takes pride in being among the few companies that serve as both, systems-level solution providers and component kit suppliers to global OEMs and Tier I transmission systems suppliers.
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 | |
| 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 |
| 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 |
Divgi TorqTransfer Systems IPO Prospectus
Company Contact Information
Divgi TorqTransfer Systems Limited
Plot No. 75,
General Block, MIDC
Bhosari, Pune 411026
Phone: +91 020 – 27302000
Email: sckadrolli@divgi-tts.com
Website: http://www.divgi-tts.com/
Divgi TorqTransfer Systems IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: Divgi.ipo@linkintime.co.in
Website: https://linkintime.co.in/