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1 March 2023

Divgi TorqTransfer Systems Ltd. IPO Date, prices,and Details

Divgi TorqTransfer Systems Limited

Divgi TorqTransfer Systems Ltd. This company is built in 1995, Divgi TorqTransfer Systems was formed as an independent company. The company is especially dealing in automotive component entitles in India auto transmission and powertrain deals in the automotive sector company are able to develop dual-clutch transmissions and the company manufactures and supplies its own product under a wide range of products like torque, couplers, and automatic transmissions.

The company is specializing in the manufacturing of gears and crafted parts for bus locking hubs and electric mechanical shifts, the company designed the product by itself, and they get customized torque transmission at a lower cost. The company is located in PUNE (Maharashtra) Torque transfer system deals in Buses, 2-wheelers, 4 wheeler, all over all homemade, and DCT (dual-clutch transmission) The company has a diverse portfolio of products which includes mechanical as well as electrical 4×4 transfer cases.

Divgi TorqTransfer Systems Ltd. supplier in UK and USA in the west to China, Thailand, Korea, and Japan in the east. Divgi TorqTransfer Systems Ltd. worked, over the years built a privileged customer base that includes Toyota, Mahindra & Mahindra, and Tata Motors.

The wide variety of products that Divgi TorqTransfer Systems Limited manufactures and provides includes:

1. Torque transfer systems which include four-wheel-drive and all-wheel-drive manual transmissions and DCT.
2. Components for the above-mentioned product categories for torque transfer systems in manual transmission, DCT, and EV they have also developed.
3. Transmission systems for EVs.
4. DCT systems.
5. Rear-wheel drive manual transmissions.

Divgi TorqTransfer Systems Limited also takes pride in being among the many companies that serve as both, systems position result providers and element tackle suppliers to global OEMs and Tier I transmission systems suppliers.

Financial Performance

Parameter	March 31, 2020 (in Rs. Crores)	March 31, 2021 (in Rs. Crores)	March 31, 2022 (in Rs. Crores)
Total Assets	303.70	362.88	405.37
Total Revenue	170.74	195.03	241.87
Profit After Tax	28.04	38.04	46.15

Objective of Divgi TorqTransfer Systems Ltd. IPO

The Company proposes to utilize the Net Proceeds from the Fresh Issue towards the following objects:

1. Funding capital expenditure requirements for the purchase of equipment/machineries of our manufacturing facilities.
2. General corporate purposes.

Divgi TorqTransfer Systems Ltd. IPO Details

IPO Date	Mar 01, 2023 to Mar 03, 2023
Allotment	Mar 09, 2023
Listing Date	Mar 14, 2023
Face Value	₹5 Per Equity Share
Issue Price	₹560 - ₹590 Per Equity Shares
Issue Size	₹412 Crore Approx
Fresh Issue	₹180 Crore
Offer For Sale	3,934,243 Shares
Market Lot (min. Amt.)	Retails - 25 Shares (₹14,750/-) sHNI - 350 Shares (₹2,06,500/-) bHNI - 1,750 Shares (₹10,03,000/-)
Listing on	BSE NSE
Lead Manager	Inga Ventures Pvt. Ltd. Equirus Capital Pvt. Ltd.
Registrar	Link Intime India Pvt. Ltd.

Company Promoters Divgi TorqTransfer Systems Ltd.

The Promoters of Divgi TorqTransfer Systems Limited are:

1. Jitendra Bhaskar Divgi
2. Hirendra Bhaskar Divgi
3. Divgi Holdings Private limited

As per the Draft Red Herring Prospectus (DRHP) filed by the company with SEBI, the promoter group collectively holds 67.18% of the pre-issue paid-up equity share capital of the company. After the IPO, their shareholding in the company will reduce to N/A% of the post-issue paid-up equity share capital.

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