Divgi TorqTransfer Systems

Divgi TorqTransfer Systems

Divgi TorqTransfer Systems
listed
₹14,000Min. investment
  1. Bid start
    1 Mar
  2. Bid end
    3 Mar
  3. Allotment
    3 Mar
  4. Release of funds
    10 Mar
  5. Demat transfer
    9 Mar
  6. Listing
    14 Mar

About Divgi TorqTransfer Systems

Price range₹560 – ₹590
IPO type
Regular
Lot size25 shares
Issue size₹412Cr
RHP/DRHP
Read

Checklist

Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

How to check the Divgi TorqTransfer Systems IPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes.
Here’s a step-by-step guide on how to check the Divgi TorqTransfer Systems IPO allotment status:
  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover page, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, you will find the ‘View all’ option
  5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
  6. In the ‘IPO’ tab, click on ‘My applications’ 
  7. In ‘My applications’, under the History section, your Divgi TorqTransfer Systems IPO allotment status will be mentioned

About Divgi TorqTransfer Systems IPO

Incorporated in 1964, Divgi TorqTransfer Systems is engaged in the automotive component business. It is one of the leading players supplying transfer case systems and synchronizers to automakers in India and overseas.
The company has three strategically located manufacturing and assembling facilities in Maharashtra and Karnataka, which makes a diverse set of auto components for its clients. The company’s diverse capabilities enable it to service customers across segments in the automotive industry, including passenger, utility and commercial vehicles.
Tata Motors, Mahindra & Mahindra and Toyota Kirloskar are some of its marquee clients. The top five clients accounted for 91.2% of total revenue in FY22. Apart from India, Divgi TTS exports to Russia, China, USA and Korea.
The company also has the capability to develop and provide transmission systems for electric vehicles (EVs). Recently, it got a contract to supply EV transmission systems for a leading automaker in India.
Divgi TorqTransfer Systems IPO will combine a fresh issue and an offer for sale. The money raised through the fresh issue will be used to fund capital expenditure plans, including the purchase of machineries for its manufacturing facilities.
Here are key details about the Divgi TorqTransfer Systems IPO:
Company NameDivgi TorqTransfer Systems Company TypePrivate
Company Established On1964

Financial snapshot

ParticularsFY 20FY 21FY 22
Revenue₹ 159 crore₹ 186 crore₹ 233 crore
Net Profit₹ 28 crore₹ 38 crore₹ 46 crore
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Here’s a quick look at Divgi TorqTransfer Systems IPO’s strengths, weakness, opportunities and risks (SWOT analysis)

Strengths and opportunities

  1. Capability to develop and provide system level transfer cases, torque couplers, DCT solutions and transmission systems for EVs across a wide array of automotive vehicles and geographies.
  2. Revenue from operations grew at over 13% CAGR between FY20 to FY22. Meanwhile, net profit increased at 18% CAGR during the same period.
  3. Company has a long-term relationship with marquee domestic and global customers for over two decades. 
  4. Manufacturing facilities are located at strategic locations in close proximity to its key customers.

Risks and threats

  1. Business is mainly dependent on the top five customers. Hence, the loss of any client could significantly impact revenue from operations.
  2. In FY22, over 25% of revenue comes from the export market. Hence, any fluctuations in the foreign exchange rate may adversely affect quarterly results.
  3. Operates in a highly competitive business segment facing competition from domestic and foreign suppliers.

Divgi TorqTransfer Systems IPO details

**** Divgi TorqTransfer Systems IPO date

The offer document filed by the company with the SEBI mentions that the Divgi TorqTransfer Systems IPO’s opening date – in other words, the Divgi TorqTransfer Systems IPO launch date – will be 1st March 2023. The Divgi TorqTransfer Systems IPO closing date is 3rd March 2023. After this, investors will be updated about the allotment status on 9th March 2023.
Investors, who have been allotted shares, can expect them to be credited to their demat account on 13 March 2023. The Divgi TorqTransfer Systems IPO listing date is 14th March 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.

**** Divgi TorqTransfer Systems IPO Price Band

The entire IPO is a book-built issue. The Divgi TorqTransfer Systems IPO price band has been set between ₹560 and ₹590 per share. Interested investors can choose a price within this band to apply for the IPO.
The Divgi TorqTransfer Systems IPO listing price will be determined on 14th March 2023. The listing price is the price at which a company’s shares debut on the stock exchanges.
**** Divgi TorqTransfer Systems IPO Lot size
The Divgi TorqTransfer Systems IPO details have been declared. The Divgi TorqTransfer Systems IPO lot size is set at 25 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Divgi TorqTransfer Systems IPO issue size is approx ₹412 crore.

How to pre-apply for the Divgi TorqTransfer Systems IPO?

You can pre-apply for the Divgi TorqTransfer Systems IPO on Upstox. The pre-application for this IPO, which means the pre-apply open date, usually begins a day before the IPO opens for the subscription.
Follow these steps to pre-apply for the IPO:
  1. Log into your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
  4. Under the ‘Invest in IPO’ section, look for the ‘Divgi TorqTransfer Systems IPO’ tab and click on it
  5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
  6. Confirm and click on ‘Pre-Apply’
  7. Accept the mandate on your UPI app

How to apply for the Divgi TorqTransfer Systems IPO?

If you are interested in this investment opportunity but unsure how to apply for the Divgi TorqTransfer Systems IPO, here we are listing out the steps for you.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Divgi TorqTransfer Systems IPO on Upstox:
  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover tab, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, look for the ‘Divgi TorqTransfer Systems IPO’ tab and click on it
  5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
  6. Confirm and click on ‘Apply’
  7. Accept the mandate on your UPI app

Open a demat account with Upstox to apply for the Divgi TorqTransfer Systems IPO

To apply for the Divgi TorqTransfer System IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox:
  1. Click here to visit the demat account opening page on the Upstox website. 
  2. Enter your phone number and other essential details to begin opening a demat account.
  3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. 
  4. Complete the e-verification using the OTP sent to your registered mobile number.
This is all it takes to open a demat account with Upstox. Easy and quick, right?

Upstox – trading app to apply for the Divgi TorqTransfer Systems IPO

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the Divgi TorqTransfer Systems IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Divgi TorqTransfer Systems ?

The issue size of the Divgi TorqTransfer Systems is 412 Cr.

What is 'pre-apply' for Divgi TorqTransfer Systems ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Divgi TorqTransfer Systems shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.