Divgi TorqTransfer IPO

Divgi TorqTransfer IPO | Review

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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.

Website http://www.divgi-tts.com/


Jitendra Bhaskar Divgi  – 2.65%Hirendra Bhaskar Divgi- 2.66%
Divgi Holdings Private Limited – 57.32%

Promoter Holding

Pre-Issue Shareholding – 67.18%Post-Issue Shareholding – 

Strength & Weakness

In-house software development capabilityBusiness largely depends on top 5 customer
Strategically located manufacturing facilitiesRisk of volatility in price of raw materials
Long-term relationships with domestic and global customersGeographical concentration of exports to certain countries
Experienced board of directorsDepend on some 3rd party suppliers for certain key components & raw materials
Skilled and qualified workforceExposed to foreign currency exchange rate fluctuations
Consistent financial performanceRely on skills & experience of management
Focus on innovation and R&D capabilitiesBusiness faces substantial competition


Torque Transfer SystemsManual Transmission
Synchronizer SystemsDual Clutch Transmission
Transmissions for BEVPrecision components


Mahindra & MahindraTata Motors
Toyota KirloskarBorgWarner


Natesan SynchroconesYugal Precision

Company Financials

YearRevenue (in Crore)Profit (in Crore)

Objects of Issue

1) Funding capital expenditure requirements for the purchase of equipments/machineries at the company’s manufacturing facilities

2) General corporate purposes.

Divgi TorqTransfer IPO Lot Size

Retail (Min)125Rs.14,750
Retail (Max)13325Rs.1,91,750
S-HNI (Min)14350Rs.2,06,500
B-HNI (Max)681,700Rs.10,03,000

Divgi TorqTransfer IPO Details

IPO Opening Date March 1, 2023
IPO Closing Date March 3, 2023
Face Value Rs.5 per Equity Share
IPO Price Rs.560-590 per share
Market Lot 25 shares
Minimum Order Quantity 25 shares
Listing At NSE, BSE
Fresh IssueRs.180.00 Crore
Offer for SaleRs.39,34,243 shares
Issue Size Up to Rs.180.00 Crore
QIB Shares Offered 75% of the offer
Retail Shares Offered 10% of the offer 
NII/HNI Shares Offered 15% of the offer

Divgi TorqTransfer IPO Timetable

IPO DateMarch 01-03, 2023
Allotment DateMarch 09, 2023
Initiation of RefundsMarch 10, 2023
Credit of share to Demat a/cMarch 13, 2023
IPO Listing DateMarch 14, 2023

Allotment Status

KFin Technologies – https://linkintime.co.in/

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About the author

Shankar Awale

Hey! I am Shankar Awale an aspiring blogger with an obsession for all things of Finance. This blog is dedicated to help people to learn about Financial Knowledge in easy language.

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