Divgi TorqTransfer Systems IPO: GMP, Price, Allotment Status

Hi Everyone! Get ready to be amazed by the latest updates on the highly anticipated Divgi TorqTransfer Systems IPO! Discover the current General Market Price (GMP), IPO Price, Allotment Status, and other crucial details right here. Stay informed with all the juicy details!

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Divgi TorqTransfer Systems IPO GMP Today

Divgi TorqTransfer Systems, a renowned automotive manufacturer in India with a rich history dating back to its establishment in 1964, is all set to release its highly anticipated Initial Public Offering (IPO) today. The company has gained immense recognition for its cutting-edge system-level transfer cases, which are supplied to India’s leading automotive Original Equipment Manufacturers (OEMs).

With an IPO worth a staggering Rs. 412.12 Cr, Divgi TorqTransfer Systems has set an issue range of Rs. 560 to Rs. 590 per share, presenting a promising investment opportunity for potential investors. The IPO is scheduled to open on 1st March and will remain active for three days, providing ample time for those interested in learning more about the company’s shares to delve deeper into its prospects.

Aspiring investors and automobile enthusiasts alike are encouraged to keep a keen eye on Divgi TorqTransfer Systems’ IPO, as it represents a significant milestone in the company’s illustrious journey and promises to be a noteworthy event in the Indian automotive industry.

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Divgi TorqTransfer Systems Dates IPO GMP 2023

Behold the schedule details! The company’s bid commenced on the 1st of March and shall gracefully conclude on the 3rd of March 2023. Please note that the UPI confirmation will be accepted until five o’clock in the evening on the closing day.

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EventTentative Date
Opening DateMar 1, 2023
Closing DateMar 3, 2023
Basis of AllotmentMar 9, 2023
Initiation of RefundsMar 10, 2023
The credit of Shares to DematMar 13, 2023
Listing DateMar 14, 2023

The investor has the option to acquire and hold up to 13 lots individually, as stipulated in the notification.

Divgi TorqTransfer Systems IPO

Discover comprehensive information about the cutting-edge Divgi TorqTransfer Systems (DTTS) right here! DTTS, a pioneering company, has been diligently developing an array of innovative products catering to esteemed Original Equipment Manufacturers (OEMs). Upon a thorough analysis of their robust financial statistics, it is evident that the company’s valuation is perfectly aligned with its intrinsic worth. Thus, astute investors would be wise to consider this lucrative opportunity for potential investments.

IPO DatesMarch 1, 2023, to Mar 3, 2023
Listing Dates[.]
Face Value₹5 per share
Price₹560 to ₹590 per share
Total Lot Size25 Shares
Issue Size[.] shares of ₹5
(aggregating up to ₹412.12 Cr)
Fresh Issue[.] shares of ₹5
(aggregating up to ₹180.00 Cr)
Offer for Sale3,934,243 shares of ₹5
(aggregating up to ₹[.] Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
P/E (x)35.16
Market Cap (₹ Cr.)1804.39
QIB Shares OfferNot less than 75% of the Offer
NII (HNI) Shares OfferNot more than 15% of the Offer
Retail Shares OfferNot more than 10% of the Offer
Company PromotersJitendra Bhaskar Divgi, Hirendra Bhaskar Divgi, and Divgi Holdings Private Limited are the company’s promoters.
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DTTL is presenting a lucrative opportunity for early-stage investment in the company, offering prospective stock market investors the chance to participate in the upcoming IPO by acquiring shares of Divgi TorqTransfer Systems.


Prospective investors are encouraged to refer to the price chart provided below for their consideration.

Retail (Min)125₹14,750
Retail (Max)13325₹191,750
S-HNI (Min)14350₹206,500
B-HNI (Min)681,700₹1,003,000

The company is actively engaged in developing cutting-edge DCT (Dual Clutch Transmission) systems, innovative transmission solutions tailored for Electric Vehicles (EVs), and high-performance manual transmissions designed for rear-wheel drive applications. These endeavors highlight the company’s unwavering commitment to pushing the boundaries of automotive technology and delivering state-of-the-art solutions to meet the evolving needs of the industry.

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Allotment Status

The Divgi TorqTransfer Systems IPO GMP Allotment Status can be conveniently accessed online through their official website. The company has embarked on this public offering to augment its income and capital, with plans to channel the proceeds into new ventures. For a comprehensive understanding of the company’s vision and procedures, do explore its website, the link to which is provided below.

Application Procedure

  • Seek the assistance of an expert and complete the registration process.
  • Navigate to the IPO tab and input the desired amount for your application.
  • Make the payment by providing your UPI details.
  • Upon successful registration, your bid will be duly acknowledged.
  • You will receive a notification confirming the blocking of funds in the application for which payment was made.
  • Approval of the blocked amount is required, as it cannot be utilized for other purposes.
  • Feel free to pose any queries about the company’s IPO by posting them in the comment section.
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