Divgi TorqTransfer Systems has come up with an initial public offer (IPO). It will open on March 01-03, 2023 at Rs.560-590 a share. The IPO issue size is around Rs.180.00 crores. The minimum bid will be for 25 shares and in its multiples thereafter.
Divgi TorqTransfer Systems was incorporated in the year 1964. It is amongst the very few suppliers in India that have the capability to develop and provide system-level transfer cases, torque coupler, and DCT solutions. Also, 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. The company is also the only player manufacturing and exporting transfer cases to global OEMs from India, and the only manufacturer of torque couplers in India. Divgi also has the capability to develop and provide transmission systems for electric vehicles (“EVs”). It is in the process of designing and developing prototypes of transmission systems for EVs pursuant to the receipt of a business award for this purpose. The company actively collaborates with Europe’s transmission engineering consulting firms like FEV and Hofer.