Divgi TorqTransfer IPO subscription status started on Wednesday March 1, 2023 and will close on March 3, 2023. Divgi TorqTransfer IPO to raise around ₹412 crores via IPO. The retail quota is 10%, QIB is 75%, and NII is 15%. The price band is fixed at ₹560 to ₹590 per equity share.
The Divgi TorqTransfer IPO minimum market lot is 25 shares with ₹14,750 application amount. The IPO to list on BSE and NSE.
Divgi TorqTransfer Systems was established in 1984 namely Divgi Metalwares Private Limited. The company is one of the leading players in the automotive component entity that develop system-level transfer cases, torque couplers, and dual-clutch automatic transmission solutions. The company caters to the next generation of clients like Toyota, Mahindra & Mahindra, and Tata Motors. The company has stamped its global footprint being a trusted supplier to customers in UK and USA in the west to China, Thailand, Korea, and Japan in the east.
IPOWatch View
We recommend investors may apply an IPO with Longterm Views. Investors should also look at the NII, and Retail numbers before investing.
Divgi TorqTransfer IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.00 | 0.06 | 7.83 |
| NII | – | – | 1.40 |
| bNII (above 10L) | – | – | 0.89 |
| sNII (below 10L) | 0.06 | 0.22 | 2.41 |
| RII | 0.60 | 1.56 | 4.31 |
| Total | 0.12 | 0.38 | 5.44 |
Divgi TorqTransfer IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Divgi TorqTransfer IPO Review
- May Apply
Divgi TorqTransfer IPO Date & Price Band
| IPO Open: | March 1, 2023 |
| IPO Close: | March 3, 2023 |
| IPO Size: | Approx ₹412 Crores |
| Fresh Issue: | Approx ₹180 Crores |
| Offer for Sale: | Approx 3,934,243 equity shares |
| Face Value: | ₹5 Per Equity Share |
| IPO Price Band: | ₹560 to ₹590 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Divgi TorqTransfer IPO Market Lot
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 25 | ₹14,750 |
| Retail Maximum | 13 | 325 | ₹191,750 |
| S-HNI Minimum | 14 | 350 | ₹206,500 |
| B-HNI Minimum | 68 | 1700 | ₹10,03,000 |
Divgi TorqTransfer IPO Subscription Dates
| Price Band Announcement: | February 25, 2023 |
| Anchor Investors Allotment: | February 28, 2023 |
| IPO Open Date: | March 1, 2023 |
| IPO Close Date: | March 3, 2023 |
| Basis of Allotment: | March 9, 2023 |
| Refunds: | March 10, 2023 |
| Credit to Demat Account: | March 13, 2023 |
| Divgi TorqTransfer Systems IPO Listing Date: | March 14, 2023 |
Divgi TorqTransfer IPO Form
How to apply for the Divgi TorqTransfer IPO? You can apply for Divgi TorqTransfer IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Divgi TorqTransfer IPO in the Invest section. The other option is you can apply for Divgi TorqTransfer IPO via IPO forms downloaded via BSE and NSE. Check out the Divgi TorqTransfer forms – Click BSE and NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
