Divgi Torq IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Divgi Torq

CMP

857.65

+1.60 (0.19%)

  • DRHP
₹590

Offer Price

₹ 412.12 Cr

Issue Size

₹ 14,750

Min Investment

5.44x

Times Subscribed

25

Lot size

Time Line

  • 01
    Mar 2023
    Open
  • 03
    Mar 2023
    Close
  • 09
    Mar 2023
    Finalisation of Basis of Allotment
  • 10
    Mar 2023
    Initiation of Refunds
  • 13
    Mar 2023
    Transfer of Shares to Demat Account
  • 14
    Mar 2023
    Listing Date

Shares Offered

Number of Times Subscribed

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-2021 Mar-2022 Mar-2022 3-Yr trend
Revenue 186.58 (17.30%) 233.78 (25.30%) 13.57 (-)
Gross Profit 186.58 (17.30%) 233.78 (25.30%) 13.57 (-)
Net Income 186.58 (17.30%) 233.78 (25.30%) 13.57 (-)
Assets 186.58 (17.30%) 233.78 (25.30%) 13.57 (-)
Liabilities 186.58 (17.30%) 233.78 (25.30%) 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

  • Inga Ventures Pvt Ltd
  • Equirus Capital 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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