-- / 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%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

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:

  • torque transfer systems (which includes fourwheel- drive (4WD) and all-wheel-drive (AWD) products);

  • synchronizer systems for manual transmissions and DCT; and

  • 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.

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Key supplier of diverse transmission systems for EVs:
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Strategically located manufacturing facilities:
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Long-term relationships with marquee domestic and global customers:
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  • Dependence on top customers

  • Volatility in the price or availability of raw materials and components

  • Exposed to foreign currency exchange rate fluctuations

Here are a few strategies Divgi TorqTransfer Systems Limited has for its business:

  • Capturing market opportunities in the growing EV space, and the fast-growing demand for automatic transmissions in the passenger UVs segment

  • Improve market and wallet share by increasing customer, geographic diversification

  • Cost optimization through product engineering and localisation

  • Continued focus on R&D and expand into products to serve new and emerging trends

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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Top Divgi Torqtransfer Systems Ltd IPO FAQs

Divgi Torqtransfer Systems Ltd will list on 2023-03-14.

412.12 is the issue size of Divgi Torqtransfer Systems Ltd IPO.

The price band of Divgi Torqtransfer Systems Ltd IPO is ₹590 to ₹0.

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.

The allotment dates are yet to be announced.

Link Intime India Private Limited is the registrar for this IPO.

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.

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