Divgi TorqTransfer Systems Limited IPO
Divgi TorqTransfer Systems Limited was a mainboard IPO in the Auto Components & Equipments sector, offered at ₹560–₹590 per share to raise ₹232 crore. The issue was subscribed 5.44× overall (QIBs 7.83×, NIIs 1.4×, retail 4.31×). It listed on 14 Mar 2023 at ₹620 and closed its first day at ₹605, a listing gain of +2.6% versus the ₹590 issue price. It now trades around ₹940 (+59.2% versus the issue price).
Frequently asked questions
- How many times was the Divgi TorqTransfer Systems Limited IPO subscribed?
- The Divgi TorqTransfer Systems Limited IPO was subscribed 5.44× overall — 7.83× in the QIB category, 1.4× among non-institutional investors, 4.31× in retail.
- What were the Divgi TorqTransfer Systems Limited IPO listing gains?
- Divgi TorqTransfer Systems Limited listed on 14 Mar 2023 at ₹620, closing its first day at ₹605 — a listing gain of +2.6% versus the ₹590 issue price.
- What were the retail allotment odds for the Divgi TorqTransfer Systems Limited IPO?
- Retail was subscribed 4.31×, so a single-lot application had roughly a 23.2% chance of allotment (about 1 in 4), and allotment was finalised on 8 Mar 2023.
- What was the price band and lot size of the Divgi TorqTransfer Systems Limited IPO?
- The price band was ₹560–₹590 per share, with a minimum lot of 25 shares (₹14,750 at the upper band).
- Who were the registrar and lead manager for the Divgi TorqTransfer Systems Limited IPO?
- Link Intime India Private Limited was the registrar, and Inga Ventures was the book-running lead manager.