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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Divgi Torqtransfer Systems Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹590
Per ShareLot Size
25 Shares
Minimum Investment
₹14,750
Issue Size
₹412.12 Cr
Face Value
₹5
Per ShareIPO Type
Book Building
Retail Quota
10%
QIB Quota
75%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
62.64%
Issue Type
Book Building
ISIN
INE753U01022
Divgi TorqTransfer Systems Limited is amongst the very few suppliers in India who has the capability to develop and provide system level transfer case, torque coupler and DCT solutions. The Company is one of the leading players supplying transfer case systems to OEMs in India and the largest supplier of transfer case systems to passenger vehicle manufacturers in India. It also has the capability to develop and provide transmission systems for EVs. It has an in-house software development capability which helps it in providing system level solutions offering software that controls the vehicle dynamics. It has three manufacturing and assembling facilities located across India.
CRISIL Research estimates overall PV production to grow at 8-10% CAGR from Fiscal 2022 to 2027 to reach 5.5-6 million units by Fiscal 2027. Production of PVs in India recorded a 3% CAGR between Fiscals 2017 and 2019 amidst the growth in domestic and export demand. Market for EV transmission is expected to increase by 77-82% CAGR from Fiscal 2022 and 2027 in volume terms as well as value terms. EV transmission market is expected to be around Rs. 42-44 billion with a volume of 435- 440 thousand by Fiscal 2027.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of 69,85,090^ equity shares of face value of Rs. 5 each ("Equity Shares") of the company for cash at a price of Rs. 590 per equity share (including a securities premium of Rs. 585 per equity share) ("Offer Price") aggregating to Rs. 412.12 crores, comprising a fresh issue of 30,50,847^ equity shares aggregating to Rs. 180.00 crores by the company ("Fresh Issue") and an offer for sale of 39,34,243 equity shares aggregating to Rs. 232.12^ crores, comprising 22,50,000 equity shares aggregating to Rs. 132.75^ crores by Oman India Joint Investment fund ii, 14,41,441 equity shares aggregating to Rs. 85.05^ crores by Nrjn Family Trust (represented by its corporate trustee, Entrust Family Office Legal and Trusteeship Services Private Limited), 49,430 equity shares aggregating to Rs. 2.92^ crores by Bharat Bhalchandra Divgi, 40,460 equity shares aggregating to Rs. 2.39^ crores by Sanjay Bhalchandra Divgi, 15,232 equity shares aggregating to Rs. 0.90^ crores by Kishore Mangesh Kalbag, 104,020 equity shares aggregating to Rs. 6.14^ crores by Ashish Anant Divgi, 33,660 equity shares aggregating to Rs. 1.99^ crores by Arun Ramdas Idgunji (collectively, the "Selling Shareholders", and such equity shares offered by the selling shareholders, the "Offered Shares") (such offer for sale by the selling shareholders, the "Offer for Sale" and together with the fresh issue, "The Offer") the offer constitutes 22.84% of the post-offer paid-up equity share capital of the company. The face value of equity shares is Rs. 5 each. The offer price is 118 times the face value of the equity shares. ^Subject to finalization of basis of allotment
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
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*Real-time data subject to exchange updates
Divgi TorqTransfer Systems Limited ("Company" or "Issuer") was originally incorporated as "Divgi Metalwares Private Limited", a private limited company under the Companies Act, 1956 through certificate of incorporation dated December 16, 1964, issued by the Registrar of Companies, Maharashtra at Mumbai. Pursuant to an amendment to the Companies Act, 1956, the Company was deemed public under Section 43A(1A) of the Companies Act, 1956. Consequently, the word `Private' was deleted from the name of the Company and the name was changed to "Divgi Metalwares Limited" with effect from July 1, 1996. The name of the Company was further changed to "Divgi Metalwares Private Limited" upon insertion of the word `Private' after the Company was converted into a private limited company pursuant to an amendment to Section 43A(1A) in Companies Act, 1956 by Companies Amendment Act, 2000 with effect from November 23, 1998 and a fresh certificate of incorporation dated October 26, 1999 was issued by the RoC. The name of the Company was further changed to "Divgi TorqTransfer Systems Limited" upon conversion to a public limited company and consequently a fresh certificate of incorporation was issued by the RoC, on March 10, 2022, recording the change of the Company's name to "Divgi TorqTransfer Systems Limited".
Wholesalers and Retailers
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.