Divgi Torq
CMP
673.60
-1.15 (-0.17%)
- DRHP
₹590
Offer Price
₹ 412.12 Cr
Issue Size
₹ 14,750
Min Investment
5.44x
Times Subscribed
25
Lot size
Time Line
-
01Mar 2023Open
-
03Mar 2023Close
-
09Mar 2023Finalisation of Basis of Allotment
-
10Mar 2023Initiation of Refunds
-
13Mar 2023Transfer of Shares to Demat Account
-
14Mar 2023Listing Date
Shares Offered
Number of Times Subscribed
Day 3
03 Mar 2023
5.44x
QIB
7.83
NIB
1.40
Retail
4.31
Employee
0.00
Day 2
02 Mar 2023
0.38x
QIB
0.06
NIB
0.22
Retail
1.56
Employee
0.00
Day 1
01 Mar 2023
0.12x
QIB
0.00
NIB
0.06
Retail
0.60
Employee
0.00
Objects of the Offer
-
Capturing market opportunities in the growing EV space, and the fast-growing demand for automatic transmissions in the passenger UVs segment.
-
Improve its market share and wallet share by increasing customer and geographic diversification.
-
Cost optimization through product engineering and localisation.
-
Continued focus on R&D to manufacture diverse products and expand into products to serve new and emerging trends.
Products & Services
-
Transfer case systems, Torque coupler and DCT Solutions
Strengths
-
One of the very few suppliers in India having the capability to develop and provide system level transfer case, torque coupler, DCT solutions and transmission systems for EVs across a wide array of automotive vehicles and geographies, with leadership across select product categories;
-
Strategically located manufacturing facilities capable of producing high precision components meeting system-level design intent;
-
Long-term relationships with marquee domestic and global customers;
-
Experienced board of directors and senior management team supported by skilled and qualified workforce;
-
Consistent financial performance with focus on innovation and R&D capabilities
Company Promoters
Promoters Holding
Issue For IPO
62.64%
Pre Holding
62.64%
Post Holding
-
Top Promoters Holding
Financials
All values in Cr
| Mar-2022 | Mar-2023 | Mar-2022 | 3-Yr trend | |
|---|---|---|---|---|
| Revenue | 233.78 (25.30%) | 271.04 (15.90%) | 13.57 (-) | |
| Gross Profit | 233.78 (25.30%) | 271.04 (15.90%) | 13.57 (-) | |
| Net Income | 233.78 (25.30%) | 271.04 (15.90%) | 13.57 (-) | |
| Assets | 233.78 (25.30%) | 271.04 (15.90%) | 13.57 (-) | |
| Liabilities | 233.78 (25.30%) | 271.04 (15.90%) | 13.57 (-) |
Peers
| Company Name | Revenue (Cr) | Net Profit (Cr) | Assets (Cr) | Liabilities (Cr) | ROE | EPS | BVPS | Current Ratio | Debt to Assets |
|---|---|---|---|---|---|---|---|---|---|
| Divgi Torqtransfer Systems Ltd | 233.78 | 46.15 | 345.27 | 5.25 | 13.57 | 0.00 | 123.50 | 4.08 | 0.00 |
| Sona BLW Precision Forgings Ltd | 2,130.64 | 361.54 | 2,595.76 | 2,595.76 | 18.07 | 6.21 | 34.23 | 13.92 | 0.04 |
| Bosch Ltd | 11,781.60 | 1,218.30 | 15,402.30 | 15,402.30 | 11.40 | 413.00 | 3,620.27 | 7.90 | 0.00 |
| ZF Commercial Vehicle Control System India Ltd | 2,543.35 | 142.07 | 2,636.68 | 2,636.68 | 6.72 | 74.90 | 1,114.57 | 5.38 | 0.00 |
| Sundram Fasteners Ltd | 4,902.06 | 456.72 | 4,284.17 | 4,284.17 | 17.42 | 21.74 | 125.47 | 10.66 | 0.29 |
| Endurance Technologies Ltd | 7,549.14 | 460.71 | 5,857.62 | 5,857.62 | 11.75 | 32.75 | 278.68 | 7.86 | 0.10 |
Book Running Managers
- Equirus Capital Pvt Ltd
- Inga Ventures Pvt Ltd
Registrar & Transfer Agent
Link Intime India Pvt Ltd
C-101 247 Park,L B S Marg,
Vikhroli West - Mumbai-400083 Phone : 91-22-49186000 Fax: 91-22-49186060
Company Contact Information
Plot No 75 General Block MIDC,Bhosari,
Pune - 411026 Phone : 91-020-27302000 Email : sckadrolli@divgi-tts.com www.divgi-tts.com
Offer Related Information
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... More
News
-
06 Mar 2023, 10:01 AM
Divgi TorqTransfer Systems IPO ends with good subscription
-
03 Mar 2023, 17:35 PM
Divgi TorqTransfer Systems IPO subscribed 5.44 times
-
02 Mar 2023, 17:13 PM
Divgi TorqTransfer Systems IPO subscribed 38%
-
01 Mar 2023, 17:18 PM
Divgi TorqTransfer Systems IPO subscribed 12%
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