Business Standard

Divgi Torqtransfer Systems Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

412.12 cr

Price Range (₹)

590

Lot Size

25

Min Investment (₹)

14,750.00

Listing Exchange

MumbaiNSE

Open Date

01-Mar-2023

Close Date

03-Mar-2023

Listing Date

14-Mar-2023

Divgi Torqtransfer Systems Ltd News

    The Shares of Divgi Torqtransfer Systems Ltd have now been listed.

    Divgi Torqtransfer Systems Ltd IPO Details

    Initial public offering of 69,85,090^ equity shares of face value of Rs. 5 each (Equity Shares) of the company for cash at a price of Rs. 590 per equity share (including a securities premium of Rs. 585 per equity share) (Offer Price) aggregating to Rs. 412.12 crores, comprising a fresh issue of 30,50,847^ equity shares aggregating to Rs. 180.00 crores by the company (Fresh Issue) and an offer for sale of 39,34,243 equity shares aggregating to Rs. 232.12^ crores, comprising 22,50,000 equity shares aggregating to Rs. 132.75^ crores by Oman India Joint Investment fund ii, 14,41,441 equity shares aggregating to Rs. 85.05^ crores by Nrjn Family Trust (represented by its corporate trustee, Entrust Family Office Legal and Trusteeship Services Private Limited), 49,430 equity shares aggregating to Rs. 2.92^ crores by Bharat Bhalchandra Divgi, 40,460 equity shares aggregating to Rs. 2.39^ crores by Sanjay Bhalchandra Divgi, 15,232 equity shares aggregating to Rs. 0.90^ crores by Kishore Mangesh Kalbag, 104,020 equity shares aggregating to Rs. 6.14^ crores by Ashish Anant Divgi, 33,660 equity shares aggregating to Rs. 1.99^ crores by Arun Ramdas Idgunji (collectively, the Selling Shareholders, and such equity shares offered by the selling shareholders, the Offered Shares) (such offer for sale by the selling shareholders, the Offer for Sale and together with the fresh issue, The Offer) the offer constitutes 22.84% of the post-offer paid-up equity share capital of the company.The face value of equity shares is Rs. 5 each. The offer price is 118 times the face value of the equity shares.^Subject to finalization of basis of allotment

    Objective of issue

    Funding capital expenditure requirements for the purchase of equipments/machineries of the manufacturing facilities. General corporate purposes.

    Divgi Torqtransfer Systems Ltd Contact Details

    Divgi Torqtransfer Systems Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - sckadrolli@divgi-tts.com

    Website - www.divgi-tts.com