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 with a price range of €560-590 per share, received bids for 2,08,87,225 shares versus 38,41,800 shares offered.
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 with a price range of €560-590 per share, received bids for 2,08,87,225 shares versus 38,41,800 shares offered.
According to market observers, shares of Divgi TorqTransfer Systems have offered a premium (GMP) of €35 lower on the gray market today €60 in the previous sessions.
According to market observers, shares of Divgi TorqTransfer Systems have offered a premium (GMP) of €35 lower on the gray market today €60 in the previous sessions.
The finalization of the basis of the public offering’s share allotment is expected to occur tomorrow, ie Thursday 9 March 2023 and if allotted, the shares will be credited to demat on 13 March. Link Intime India Private Ltd is the registrar of the public offering. You can check the allocation status on the registrar’s website here or on the BSE’s website here.
The finalization of the basis of the public offering’s share allotment is expected to occur tomorrow, ie Thursday 9 March 2023 and if allotted, the shares will be credited to demat on 13 March. Link Intime India Private Ltd is the registrar of the public offering. You can check the allocation status on the registrar’s website here or on the BSE’s website here.
Meanwhile, the company’s shares are expected to make its market debut next week on Tuesday, March 14th, 2023, listing on the leading BSE and NSE stock exchanges.
Meanwhile, the company’s shares are expected to make its market debut next week on Tuesday, March 14th, 2023, listing on the leading BSE and NSE stock exchanges.
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. At the higher end of the price, the IPO should bring in a little more than €412 million.
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. At the higher end of the price, the IPO should bring in a little more than €412 million.
The company raised more than €185 crore from anchor investors prior to its initial stock sale. The company decided to allocate 31.43 lakh shares to 12 funds €590 pieces. ICICI Prudential Mutual Fund (MF), Quant MF, Edelweiss MF, Motilal Oswal MF, Nippon India MF, Aditya Birla Sun Life Insurance Company, Aurigin Master Fund and Bengal Finance and Investment Pvt Ltd are among the anchor investors.
The company raised more than €185 crore from anchor investors prior to its initial stock sale. The company decided to allocate 31.43 lakh shares to 12 funds €590 pieces. ICICI Prudential Mutual Fund (MF), Quant MF, Edelweiss MF, Motilal Oswal MF, Nippon India MF, Aditya Birla Sun Life Insurance Company, Aurigin Master Fund and Bengal Finance and Investment Pvt Ltd are among the anchor investors.
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.
Divgi is an automotive components company capable of designing and delivering system-level solutions for transfer cases, torque couplings and dual-clutch automatic transmissions (DCT). It has three manufacturing and assembly facilities across India.
Divgi is an automotive components company capable of designing and delivering system-level solutions for transfer cases, torque couplings and dual-clutch automatic transmissions (DCT). It has three manufacturing and assembly facilities across India.
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