Divgi TorqTransfer Systems IPO GMP Today, Price, Allotment Status, and other details are provided here. Read to know more.
Divgi TorqTransfer Systems IPO GMP Today
Table Of Contents
The IPO GMP of Divgi TorqTransfer Systems has been announced to release today. The company was established in 1964. It has been working on manufacturing vehicles in India. They also devise and cater to system-level transfer cases to India’s automotive OEMs.
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The company’s IPO is worth Rs. 412.12 Cr. The issue range is from 560 to Rs. 590 for each share. The day of initiation is 1st March, and it will be open for three days. Those who want to learn more about the company’s shares shall keep reading.
Divgi TorqTransfer Systems Dates IPO GMP 2023
The details regarding the schedule are mentioned here. The company’s bid started on 1st March and will end on 3rd March 2023. The confirmation of UPI is till five in the evening on the closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Mar 1, 2023 |
| Closing Date | Mar 3, 2023 |
| Basis of Allotment | Mar 9, 2023 |
| Initiation of Refunds | Mar 10, 2023 |
| The credit of Shares to Demat | Mar 13, 2023 |
| Listing Date | Mar 14, 2023 |
The investor can lay up to 13 lots individually as per the notification.
Divgi TorqTransfer Systems IPO
The details regarding the Divgi TorqTransfer Systems are provided here. The company, DTTL, has been working on a range of products for OEMs. After reviewing their financial stats, it can be seen that the company’s issue is wholly priced. It can be a profitable step for investors to invest here.
| IPO Dates | March 1, 2023, to Mar 3, 2023 |
| Listing Dates | [.] |
| Face Value | ₹5 per share |
| Price | ₹560 to ₹590 per share |
| Total Lot Size | 25 Shares |
| Issue Size | [.] shares of ₹5 (aggregating up to ₹412.12 Cr) |
| Fresh Issue | [.] shares of ₹5 (aggregating up to ₹180.00 Cr) |
| Offer for Sale | 3,934,243 shares of ₹5 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| P/E (x) | 35.16 |
| Market Cap (₹ Cr.) | 1804.39 |
| QIB Shares Offer | Not less than 75% of the Offer |
| NII (HNI) Shares Offer | Not more than 15% of the Offer |
| Retail Shares Offer | Not more than 10% of the Offer |
| Company Promoters | Jitendra Bhaskar Divgi, Hirendra Bhaskar Divgi and Divgi Holdings Private Limited are the company’s promoters. |
DTTL is providing an early investment chance in the company. A stock market investor can apply for an IPO after buying the Divgi TorqTransfer Systems IPO shares.
Divgi TorqTransfer Systems Price
Those who are willing to invest shall check the below table for the price.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹14,750 |
| Retail (Max) | 13 | 325 | ₹191,750 |
| S-HNI (Min) | 14 | 350 | ₹206,500 |
| B-HNI (Min) | 68 | 1,700 | ₹1,003,000 |
The company is also working on DCT systems, Transmission systems for Electronic Vehicles and Manual transmissions for the rear wheel drive.
Divgi TorqTransfer Systems Allotment Status
The Divgi TorqTransfer Systems IPO GMP Allotment Status can be checked online on their official site. The company has initiated the public offering with the aim of additional income/capital. They are going to invest this money in further ventures.
You can read more about the company’s purpose and process by visiting its site, which we have mentioned below.
How to Apply for Divgi TorqTransfer Systems IPO?
- To apply, one should take an expert’s help and register.
- Then look for the IPO tab and then type the amount you are willing to apply for.
- Then the payment by entering your UPI.
- After this, you will be registered, and your bid will be noticed.
- You will get a notification regarding blocking the funds on the application you made payment.
- You have to approve it as that amount cannot be used for other purposes.
You can ask queries about the company’s IPO by entering them in the comment section.
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