Divgi Torqtransfer Systems Ltd. IPO

The company is a leading supplier of automotive transmission systems in India, specializing in transfer case, torque coupler, and DCT solutions. They are the largest supplier of transfer case systems to passenger vehicle manufacturers in India and the only player exporting transfer cases to global OEMs from India. Additionally, the company has the capability to develop transmission systems for electric vehicles, highlighting their focus on sustainability and innovation.

RHP
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DRHP
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Open Date

2023-03-01

Close Date

2023-03-03

IPO Details

Check out the issue details for Divgi Torqtransfer Systems Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 590

Price Band

₹ 560 - 590

Issue Size

412.12 Cr.

Issue Type

Book Built

Open

2023-03-01

Close

2023-03-03

Listingprice

₹ 620

ListingGain

5.08%

Listing Date

2023-03-14

CMP

₹ 858.6

Current Return

45.53%

Company Financials

You can get the following financial statements of Divgi Torqtransfer Systems Ltd. as of now.

Subscription Details

The details about the Divgi Torqtransfer Systems Ltd. IPO is as:

  • The issue size of the IPO is 412.20 Cr.
  • The price band for Divgi Torqtransfer Systems Ltd. IPO is Rs 560 to Rs 590.
  • The shares of Divgi Torqtransfer Systems Ltd. IPO will list on 14th March 2023.
  • The latest tentative GMP of Divgi Torqtransfer Systems Ltd. IPO is Rs 45.
  • The shares of Divgi Torqtransfer Systems Ltd. IPO is subscribed 5.44 Times as of 3rd March 2023.

 

Divgi Torqtransfer Systems Ltd. IPO Valuation

The approx valuation of Divgi Torqtransfer Systems Ltd. IPO company based on its price band and DRHP (prospectus) is: 

Particulars Value
Upper Price Band Rs 590
Existing Shares (Qty) 2.75 Cr
Fresh Issue 180 Cr
Market Cap 1802.5 Cr
EPS (FY22) Rs 16.76
PE Ratio 35.20x
Industry PE 65.78x

 

Divgi Torqtransfer Systems Ltd. IPO Issue Size

Divgi Torqtransfer Systems Ltd. IPO issue size is 412.12 Cr. 

Issue Amount
Fresh Issue 180 Cr
Offer For Sale 232.12 Cr

 

Divgi Torqtransfer Systems Ltd. IPO Market Lot

An Individual can apply for a minimum 1 lot of 25  shares and a maximum of 13 lots of 325 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 25 Rs 14,750
 Maximum 13 325 Rs 1,91,750

 

Divgi Torqtransfer Systems Ltd. IPO share offer

The shares of Divgi Torqtransfer Systems Ltd. IPO is subscribed 5.44 Times as of 3rd March 2023. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Minimum 75% 7.83 Times
Non-Institutional Maximum 15% 1.40 Times
Retail Individual Maximum 10% 4.31 Times
Total   5.44 Times

 

Divgi Torqtransfer Systems Ltd. IPO Grey Market Premium

As on GMP (Tentative)
6 March 2023 Rs 70
7 March 2023 Rs 70
8 March 2023 Rs 70
9 March 2023 Rs 70
10 March 2023 Rs 45
13 March 2023 Rs 45

Divgi Torqtransfer Systems Ltd. IPO GMP is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Allotment Details

Find below the dates for Divgi Torqtransfer Systems Ltd. IPO:

Schedule Date
Basis of Allotment 9 March 2023
Refunds 10 March 2023
Credit to Demat Account 13 March 2023
IPO Listing Date 14 March 2023

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 186.89 159.07 186.58 233.78 271.04
Total Expenditure 132.94 121.95 134.51 167.93 196.44
Operating Profit 53.95 37.11 52.06 65.85 74.6
Other Income 8.82 11.67 8.45 8.1 7.62
Interest 0.82 4.64 0.35 0.4 0.41
Depreciation 6.17 6.39 7.61 11.39 12.99
Exceptional Items 0 0 0 0 0
Profit Before Tax 55.78 37.76 52.56 62.15 68.83
Provision for Tax 15.5 9.72 14.51 16 17.67
Net Profit 40.28 28.04 38.04 46.15 51.16
Adjusted EPS (Rs.) 1.87 1.14 1.38 1.68 1.67

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 6.93 6.02 6.88 13.77 15.29
Total Reserves 226.62 203.51 288.99 326.25 535.99
Borrowings 0.41 0.23 0.13 0.04 0.32
Other N/C liabilities 3.75 5.32 5.88 5.44 5.21
Current liabilities 40.95 88.62 60.99 59.88 85.19
Total Liabilities 278.67 303.7 362.88 405.37 642
Assets
Net Block 78.42 89.39 105.41 111.77 116.73
Capital WIP 6.07 0.98 2.77 16.8 80.85
Intangible WIP 2.82 5.15 3.42 11.7 11.83
Investments 0.05 0.05 0.05 0.05 0.05
Loans & Advances 3.89 3.5 1.63 1.51 4.69
Other N/C Assets 0 0 0 0 0
Current Assets 187.42 204.63 249.61 263.55 427.85
Total Assets 278.67 303.7 362.88 405.37 642
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 2.62 5.05 4.79 4.63
Profit Before Tax 18.11 14.08 14.46 12.64
Tax 4.66 3.65 3.74 3.27
Profit After Tax 13.45 10.43 10.72 9.37
Adjusted EPS (Rs) 4.4 3.41 3.51 3.06

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 60.48 0
Sep 2023 60.49 0
Jun 2023 60.49 0
Mar 2023 60.49 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 55.78 37.76 52.56 62.15 68.83
Adjustment -0.09 2.12 4.07 5.11 6.35
Changes in Assets & Liabilities 5.03 10 -17.35 -0.64 -16.94
Tax Paid -14.74 -11.5 -12.32 -15.56 -17.42
Operating Cash Flow 45.98 38.38 26.97 51.08 40.82
Investing Cash Flow -89.99 -24.31 -24.58 -51.08 -213.13
Financing Cash Flow 48.28 -5.8 -2.62 -2.93 159.72
Net Cash Flow 4.27 8.27 -0.24 -2.93 -12.59
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