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IPO Synopsis

Divgi Torqtransfer Systems Ltd
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
Issue
Opens On Closes On
01-Mar-23 03-Mar-23
Money Payable On
Application Allotment
590.00 0.00
Minimum Application for shares in Nos : 25 Further Multiples of : 25
RsCr Lead Managers to the Issue
Project Cost (Rs.Cr) 168.43 Equirus Capital Pvt Ltd
Project Financed through Current Offer (Rs.Cr) 412.12  
Post Issue Equity Share Capital (Rs.Cr) 15.29
Issue Price (Rs) 590.00

Projects
Funding capital expenditure requirements for the purchase of equipments/machineries of the manufacturing facilities
General corporate purposes
Promoted By
Jitendra Bhaskar Divgi
Hirendra Bhaskar Divgi
Divgi Holdings Pvt Ltd
Listing At
BSE
NSE
Registrar to the Issue
No Data Available
SEBI Single Regn. No. : BSE / NSE / MSMI - INZ000192537  |   CDSL Reg. No :  IN-DP-CDSL-438-2008                                                                                                                           Filing complaint on SEBI SCORES
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