Incorporated in 1964, Divgi TorqTransfer Systems Limited is engaged in the business as an automotive component entity. They are among the very few automotive component entities in India with the capability to develop and provide system-level transfer cases, torque couplers, and dual-clutch automatic transmission solutions.
Divgi TorqTransfer is one of the leading players supplying transfer case systems to automotive OEMs in India and the largest supplier of transfer case systems to passenger vehicle manufacturers in India. Not only thi are also the only player manufacturing and exporting transfer cases to global OEMs from India, and the only manufacturer of torque couplers in India.
Divgi TorqTransfer Systems Limited manufactures and supplies its products under a wide range which includes-
- Torque transfer systems (which includes four-wheel-drive ("4WD") and all-wheel-drive ("AWD") products);
- Synchronizer systems for manual transmissions and DCT;
- Components for the above-mentioned product categories for torque transfer systems and synchronizer systems in manual transmission, DCT, and EVs.
Alongside, they have also developed
- Transmission systems for EVs;
- DCT systems;
- Rear wheel drive manual transmissions.
Divgi TorqTransfer Systems Limited also takes pride in being among the few companies that serve as both, systems-level solution providers and component kit suppliers to global OEMs and Tier I transmission systems suppliers.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Funding capital expenditure requirements for the purchase of equipments/machineries of our manufacturing facilities | ₹151 |
| 2 General corporate purposes | ₹18 |
| Metric | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 |
|---|---|---|---|
| Total Assets | 304 | 363 | 405 |
| Revenue | 171 | 195 | 242 |
| PAT | 28 | 38 | 46 |
| Net Worth | 210 | 296 | 340 |
| Reserves | 204 | 289 | 326 |
| Total Borrowing | 50 | 0 | 0 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 5,238,818 (75%) | — |
| NII / HNI | — | 1,047,763 (15%) | — |
| Retail (RII) | — | 698,509 (10%) | — |
| Total | — | 6,985,090 (100%) | — |
* Amount calculated at upper price band (₹590) · ** Total includes all investor categories
- 1 Initiation of Refund 10 Mar 2023
- 2 Credit of Shares to Demat 13 Mar 2023
- 3 Lock-in Period (30%) April 8, 2023
- 4 Lock-in Period (50%) June 7, 2023
- Retail allocation is weak at 10% of the total offering.
- HNI/NII demand is good at 15%.
- Institutional (QIB) interest is strong at 75%.
- The IPO P/E of 35x reflects a moderate valuation relative to typical market ranges.
This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.
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