Divgi TorqTransfer Systems Limited - IPO

 

 

Incorporated in 1964, Divgi TorqTransfer Systems Limited is engaged in the business as an automotive component entity. They are among the very few automotive component entities in India with the capability to develop and provide system-level transfer cases, torque couplers, and dual-clutch automatic transmission solutions.
Divgi TorqTransfer 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. Not only thi are also the only player manufacturing and exporting transfer cases to global OEMs from India, and the only manufacturer of torque couplers in India.
Divgi TorqTransfer Systems Limited manufactures and supplies its products under a wide range which includes-

  • Torque transfer systems (which includes four-wheel-drive ("4WD") and all-wheel-drive ("AWD") products);
  • Synchronizer systems for manual transmissions and DCT;
  • Components for the above-mentioned product categories for torque transfer systems and synchronizer systems in manual transmission, DCT, and EVs.

Alongside, they have also developed

  • Transmission systems for EVs;
  • DCT systems;
  • Rear wheel drive manual transmissions.

Divgi TorqTransfer Systems Limited also takes pride in being among the few companies that serve as both, systems-level solution providers and component kit suppliers to global OEMs and Tier I transmission systems suppliers.

Objects of the Issue:

The Company proposes to utilize the Net Proceeds from the Fresh Issue towards the following objects:
Funding capital expenditure requirements for the purchase of equipment/machineries of our manufacturing facilities;
General corporate purposes.

Company Promoter: Jitendra Bhaskar Divgi, Hirendra Bhaskar Divgi and Divgi Holdings Private Limited are the promoters of the company.

Issue Details


Issue Price
₹560 to ₹590 per share

Issue Closes
Mar 3, 2023

Issue Opens
Mar 1, 2023

BID LOT
Minimum of 25 shares & in multiple of 25 Equity shares thereafter

ALLOTMENT DATE
March 10, 2023

IPO Size
₹180.00 Cr

IPO Ratio
QIB 75% - Retail 10% - NII 15%

Company Financials

Particulars  For the year/period ended (₹ in Crores)    
Summary of financial Information  31-Mar-20 31-Mar-21 31-Mar-22 30-Sep-22
Total Assets 303.7 362.88 405.37 430.21
Total Revenue 170.74 195.03 241.87 137.55
Profit After Tax 28.04 38.04 46.15 25.66
Net Worth 209.53 295.88 340.02 356.2
Reserves and Surplus 203.51 288.99 326.25 342.44
Total Borrowing 50.41 0.26 0.12 0.5

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