Divgi TorqTransfer Systems IPO GMP Today, Price, Allotment Status and Other Information Are Provided Here. To learn more, continue reading.
Divgi TorqTransfer Systems IPO GMP Today
The Initial Public Offering (IPO) of Divgi TorqTransfer Systems will be released today with its GMP announced. The company, which has been manufacturing vehicles in India since 1964, also provides system-level transfer cases to India’s automotive OEMs. The IPO is worth Rs. 412.12 Cr, with shares ranging from Rs. 560 to Rs. 590.
The offering will begin on March 1st and will be open for three days. If you’re interested in learning more about the company’s shares, keep reading.
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Divgi TorqTransfer Systems Dates IPO GMP In 2023
Here, you can find information about the schedule. The bid by the company began on March 1 and ended on March 3, 2023. The UPI confirmation deadline is 5 p.m. 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 |
According to the notification, the investor may place up to 13 numbers separately.
Divgi TorqTransfer Systems IPO
Here are the specifics regarding the Divgi TorqTransfer Systems. DTTL has been working on a variety of products for original equipment manufacturers. After examining their financial data, it is clear that the company’s issue is fully priced. It may be profitable for investors to invest here.
| IPO Dates | March 1, 2023, to Mar 3, 2023 |
| 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 |
| Face Value | ₹5 per share |
| 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. |
| QIB Shares Offer | Not less than 75% of the Offer |
| P/E (x) | 35.16 |
| Market Cap (₹ Cr.) | 1804.39 |
| P/E (x) | 35.16 |
DTTL offers an early investment opportunity in the company. After acquiring Divgi TorqTransfer Systems’ IPO shares, a stock market investor can register for an IPO.
How Much is Divgi TorqTransfer Systems Price?
Those who want to invest should look at the price list below.
| Application | Lots | Shares | Total 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 developing DCT systems, transmission systems for electronic vehicles, and manual transmissions for rear-wheel drive vehicles.
What is Divgi TorqTransfer Systems Allotment Status?
You can check the Divgi TorqTransfer Systems IPO GMP Allotment Status online on their official website. The company has launched a public offering to raise additional income/capital, which will be invested in future ventures.
To learn more about the company’s purpose and process, you can visit its website, the link for which is provided below.
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How to Apply for Divgi TorqTransfer Systems’ Initial Public Offering?
To apply, one must seek the assistance of an expert and register.
- Then, navigate to the IPO tab and enter the amount you wish to register for.
- The payment is then made by inputting your UPI.
- You will then be registered, and your proposal will be considered.
- You will receive a notification regarding the barring of funds on the paid-for application.
- This must be approved because the funds cannot be used for other purposes.