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

Divgi Torqtransfer Systems Ltd. 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

₹ 647.25

Current Return

9.70%

Divgi Torqtransfer Systems Ltd. News

Divgi Torqtransfer Systems submits analyst meet intimation 23 Nov, 11:29AM Divgi Torqtransfer Systems submits analyst meet intimation 14 Oct, 5:07PM Divgi TorqTransfer Systems wins order from Prominent Indian Automotive player for transfer case business10 Aug, 11:50AM Divgi Torqtransfer - Quaterly Results9 Aug, 5:01PM Divgi Torqtransfer - Quaterly Results9 Aug, 5:01PM Divgi Torqtransfer - Quaterly Results9 Aug, 5:01PM Divgi Torqtransfer Systems informs about board meeting1 Aug, 5:19PM Divgi Torqtransfer Systems informs about scrutinizer's report31 Jul, 2:53PM Divgi Torqtransfer Systems submits analyst meet intimation 11 Jul, 4:28PM Divgi Torqtransfer Systems informs about press release8 Jul, 1:13PM Divgi Torqtransfer Systems informs about updates5 Jul, 3:47PM Divgi Torqtransfer Systems informs about declaration17 Jun, 4:58PM Divgi TorqTransfer Systems informs about statement on impact of audit qualifications17 Jun, 12:27PM Divgi TorqTransfer Systems informs about audited financial results14 Jun, 2:21PM Divgi TorqTransfer Systems informs about investor presentation27 May, 12:23PM Divgi Torqtransfer - Quaterly Results24 May, 6:29PM Divgi Torqtransfer - Quaterly Results24 May, 6:29PM Divgi Torqtransfer Systems informs about outcome of board meeting2 Feb, 5:11PM Divgi Torqtransfer - Quaterly Results2 Feb, 4:34PM Divgi Torqtransfer - Quaterly Results2 Feb, 4:34PM

Company Financials

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

Exchange

NSE: DIVGIITTS BSE: 543812

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

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.

 

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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 159.07 186.58 233.78 271.04 253.42
Total Expenditure 121.95 134.51 167.93 196.44 200.19
Operating Profit 37.11 52.06 65.85 74.6 53.23
Other Income 11.67 8.45 8.1 7.62 19.56
Interest 4.64 0.35 0.4 0.41 0.57
Depreciation 6.39 7.61 11.39 12.99 18.69
Exceptional Items 0 0 0 0 0
Profit Before Tax 37.76 52.56 62.15 68.83 53.53
Provision for Tax 9.72 14.51 16 17.67 13.8
Net Profit 28.04 38.04 46.15 51.16 39.74
Adjusted EPS (Rs.) 1.14 1.38 1.68 1.67 1.3

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 6.02 6.88 13.77 15.29 15.29
Total Reserves 203.51 288.99 326.25 535.99 565.05
Borrowings 0.23 0.13 0.04 0.32 0.27
Other N/C liabilities 5.32 5.88 5.44 5.21 6.11
Current liabilities 88.62 60.99 59.88 85.19 54.67
Total Liabilities 303.7 362.88 405.37 642 641.39
Assets
Net Block 89.39 105.41 111.77 116.73 227.09
Capital WIP 0.98 2.77 16.8 80.85 25.45
Intangible WIP 5.15 3.42 11.7 11.83 0.26
Investments 0.05 0.05 0.05 0.05 0.05
Loans & Advances 3.5 1.63 1.51 4.69 9.26
Other N/C Assets 0 0 0 0 0
Current Assets 204.63 249.61 263.55 427.85 379.29
Total Assets 303.7 362.88 405.37 642 641.39
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 4.79 4.63 5.1 5.15 5.25
Profit Before Tax 14.46 12.64 12.35 8.07 10.53
Tax 3.74 3.27 3.14 2.11 2.69
Profit After Tax 10.72 9.37 9.21 5.96 7.84
Adjusted EPS (Rs) 3.51 3.06 3.01 1.95 2.56

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 60.48 0
Jun 2024 60.48 0
Mar 2024 60.48 0
Dec 2023 60.48 0
Sep 2023 60.49 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 37.76 52.56 62.15 68.83 53.53
Adjustment 2.12 4.07 5.11 6.35 -0.03
Changes in Assets & Liabilities 10 -17.35 -0.64 -16.94 -6.72
Tax Paid -11.5 -12.32 -15.56 -17.42 -14.33
Operating Cash Flow 38.38 26.97 51.08 40.82 32.46
Investing Cash Flow -24.31 -24.58 -51.08 -213.13 6.07
Financing Cash Flow -5.8 -2.62 -2.93 159.72 -11.72
Net Cash Flow 8.27 -0.24 -2.93 -12.59 26.82
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