The initial public offering (IPO) of automotive components maker Divgi TorqTransfer Systems was subscribed 5.44 times through its last offering day, which opened on Wednesday March 1, 2023 and closed on Friday March 3, 2023 €412 crore offer received bids for 2,08,87,225 shares versus 38,41,800 shares offered, according to NSE data.
The initial public offering (IPO) of automotive components maker Divgi TorqTransfer Systems was subscribed 5.44 times through its last offering day, which opened on Wednesday March 1, 2023 and closed on Friday March 3, 2023 €412 crore offer received bids for 2,08,87,225 shares versus 38,41,800 shares offered, according to NSE data.
The Qualifying Institutional Buyers (QIBs) quota received 7.83 subscriptions, the Individual Investors (RIIs) category received 4.31 subscriptions and the Non-Institutional Investors quota received 1.40 subscriptions.
The Qualifying Institutional Buyers (QIBs) quota received 7.83 subscriptions, the Individual Investors (RIIs) category received 4.31 subscriptions and the Non-Institutional Investors quota received 1.40 subscriptions.
Divgi TorqTransfer Systems IPO consisting of new issues of up to €180 crore and an offer to sell (OFS) of up to 39,34,243 shares. As part of the OFS, Oman India Joint Investment Fund II, NRJN Family Trust, Bharat Bhalchandra Divgi, Sanjay Bhalchandra Divgi, Ashish Anant Divgi, Arun Ramdas Idgunji and Kishore Mangesh Kalbag have relinquished shares.
Divgi TorqTransfer Systems IPO consisting of new issues of up to €180 crore and an offer to sell (OFS) of up to 39,34,243 shares. As part of the OFS, Oman India Joint Investment Fund II, NRJN Family Trust, Bharat Bhalchandra Divgi, Sanjay Bhalchandra Divgi, Ashish Anant Divgi, Arun Ramdas Idgunji and Kishore Mangesh Kalbag have relinquished shares.
Divgi TorqTransfer Systems said on Tuesday it had more than raised €185 crore from anchor investors prior to its initial stock sale. The company decided to allocate 31.43 lakh shares to 12 funds €590 each The price range has been fixed at €560-590 per share.
Divgi TorqTransfer Systems said on Tuesday it had more than raised €185 crore from anchor investors prior to its initial stock sale. The company decided to allocate 31.43 lakh shares to 12 funds €590 each The price range has been fixed at €560-590 per share.
The finalization of the basis of the public offering’s share allotment is expected to occur this week on Thursday, March 9, 2023. Link Intime India Private Ltd is the registrar of the public offering.
The finalization of the basis of the public offering’s share allotment is expected to occur this week on Thursday, March 9, 2023. Link Intime India Private Ltd is the registrar of the public offering.
According to market observers, shares of Divgi TorqTransfer Systems have offered a premium (GMP) of €72 today on the gray market. The company’s shares are expected to list on the leading stock exchanges BSE and NSE next week on Tuesday 14th March 2023.
According to market observers, shares of Divgi TorqTransfer Systems have offered a premium (GMP) of €72 today on the gray market. The company’s shares are expected to list on the leading stock exchanges BSE and NSE next week on Tuesday 14th March 2023.
Divgi is an automotive components company that designs and provides system-level solutions for transfer cases, torque couplers and dual-clutch automatic transmissions (DCT). It has three manufacturing and assembly facilities across India.
Divgi is an automotive components company that designs and provides system-level solutions for transfer cases, torque couplers and dual-clutch automatic transmissions (DCT). It has three manufacturing and assembly facilities across India.
Proceeds from the reissuance will be used to fund capital expenditures to purchase equipment for the production facilities and general corporate purposes.
Proceeds from the reissuance will be used to fund capital expenditures to purchase equipment for the production facilities and general corporate purposes.
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