-- / 25 shares
IPO Details
Issue Date
--
Investment/lot
--
Price Range
590
Lot Size
25
IPO Size
₹ 412.12 Cr
IPO Listing Details
Listing On
14 Mar'23
Issue Price
--
Listed Price
₹ 620
Retail Gain/Listing Gain
▲5.08%
IPO Timeline
Company Background
Divgi TorqTransfer Systems Limited is amongst the very few suppliers in India who have the capability to develop and provide system level transfer case, torque coupler and DCT solutions (Source: CRISIL Report).
It is one of the leading players supplying transfer case systems to automotive OEMs in India and the largest supplier of transfer case systems to passenger vehicle manufacturers in India. It is also the only player manufacturing and exporting transfer cases to global OEMs from India, and the only manufacturer of torque couplers in India (Source: CRISIL Report).
Additionally, the company has the capability to develop and provide transmission systems for electric vehicles (EVs).
It manufactures and supplies a variety of products under the broad categories of:
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torque transfer systems (which includes fourwheel- drive (4WD) and all-wheel-drive (AWD) products);
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synchronizer systems for manual transmissions and DCT; and
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components for the above-mentioned product categories for torque transfer systems and synchronizer systems in manual transmission, DCT, and EVs.
It has three manufacturing and assembling facilities across India located at Sirsi in Karnataka, and Shivare and Bhosari near Pune in Maharashtra, with the manufacturing facilities at Shivare and Bhosari being strategically located in proximity to their key clients, and one under-construction manufacturing facility located at Shirwal, Maharashtra.
The company’s key customers in close proximity to their Bhosari and Shivare facilities include Tata Motors, Mahindra & Mahindra, an Indian automotive manufacturing company and an Indian supplier to global automotive OEM.
Risk Factors
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Dependence on top customers
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Volatility in the price or availability of raw materials and components
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Exposed to foreign currency exchange rate fluctuations
Key Strategies
Here are a few strategies Divgi TorqTransfer Systems Limited has for its business:
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Capturing market opportunities in the growing EV space, and the fast-growing demand for automatic transmissions in the passenger UVs segment
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Improve market and wallet share by increasing customer, geographic diversification
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Cost optimization through product engineering and localisation
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Continued focus on R&D and expand into products to serve new and emerging trends
Key Financials
And finally here’s a look at key financials of Divgi TorqTransfer Systems Limited.
Particulars (in Rs. million)
Particulars (in Rs. million)
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Divgi Torqtransfer Systems Ltd IPO FAQs
When is Divgi Torqtransfer Systems Ltd IPO listing date?
Divgi Torqtransfer Systems Ltd will list on 2023-03-14.
What is the issue size of Divgi Torqtransfer Systems Ltd IPO?
412.12 is the issue size of Divgi Torqtransfer Systems Ltd IPO.
What is the price band of the Divgi Torqtransfer Systems Ltd IPO?
The price band of Divgi Torqtransfer Systems Ltd IPO is ₹590 to ₹0.
What is Divgi TorqTransfer Systems Limited IPO?
The Divgi TorqTransfer Systems Limited IPO has an issue size of Rs. 412 crores. The IPO opens for subscription on 01st March and ends on 03rd March.
What are the allotment dates for Divgi TorqTransfer Systems Limited IPO?
The allotment dates are yet to be announced.
Who is the Registrar of Divgi TorqTransfer Systems Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.
Where can I read more about Divgi TorqTransfer Systems Limited business?
You can read more about Divgi TorqTransfer Systems Limited and its IPO from the company’s red herring prospectus (RHP) here: Divgi TorqTransfer Systems Limited RHP.
