Divgi TorqTransfer Systems Limited, established in 1964, operates as an automotive component manufacturer. The company is one of the few entities in India’s automotive component industry that has the expertise to design and supply system-level transfer cases, torque couplers, and dual-clutch automatic transmission solutions.
Divgi TorqTransfer is a prominent player in the supply of transfer case systems to automotive OEMs in India. Moreover, the company is the largest supplier of transfer case systems to passenger vehicle manufacturers in India. Additionally, Divgi TorqTransfer is the sole manufacturer and exporter of transfer cases to global OEMs from India, and it is also the only manufacturer of torque couplers in the country.
Divgi TorqTransfer Systems IPO Details
| IPO Date | Mar 1, 2023 to Mar 3, 2023 |
| Listing Date | Mar 14, 2023 |
| Face Value | ₹5 per share |
| Price | ₹560 to ₹590 per share |
| Lot Size | 25 Shares |
| Issue Size | [.] shares of ₹5 (aggregating up to ₹412.12 Cr) |
| Fresh Issue | [.] shares of ₹5 (aggregating up to ₹180.00 Cr) |
| Offer for Sale | 3,934,243 shares of ₹5 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| P/E (x) | 35.16 |
| Market Cap (₹ Cr.) | 1804.39 |
Divgi TorqTransfer Systems IPO Tentative Dates
| Event | Tentative Date |
| Opening Date | Mar 1, 2023 |
| Closing Date | Mar 3, 2023 |
| Basis of Allotment | Mar 9, 2023 |
| Initiation of Refunds | Mar 10, 2023 |
| Credit of Shares to Demat | Mar 13, 2023 |
| Listing Date | Mar 14, 2023 |
Company Overview
Divgi TorqTransfer Systems (DTS) is an Indian-based automotive component manufacturer that specializes in producing drivetrain solutions for commercial and off-highway vehicles. The company was established in 1964 and has its headquarters in Pune, Maharashtra. DTS has a diverse product range that includes the following:
- Transfer Case Systems
- Torque Couplers
- Axle Shafts
- Transmission Gears
Overall, DTS is a leading drivetrain solutions provider in India with a diverse product range that caters to the needs of various industries. The company has a strong research and development team that focuses on developing innovative and efficient products.
Industry Overview
The Indian automotive component manufacturing industry has been growing at a steady pace over the past few years, driven by the increasing demand for automobiles in the country. According to a report by ResearchAndMarkets.com, the Indian automotive component industry is expected to grow at a compound annual growth rate (CAGR) of 7.5% during the period 2021-2026.
The Indian automotive component industry is highly diversified, with a large number of domestic and international players operating in the market. The industry comprises several sub-sectors, including engine parts, transmission and steering parts, suspension and braking parts, electrical parts, and others.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
| 31-Mar-20 | 303.70 | 170.74 | 28.04 | 209.53 | 203.51 | 50.41 |
| 31-Mar-21 | 362.88 | 195.03 | 38.04 | 295.88 | 288.99 | 0.26 |
| 31-Mar-22 | 405.37 | 241.87 | 46.15 | 340.02 | 326.25 | 0.12 |
| 30-Sep-22 | 430.21 | 137.55 | 25.66 | 356.20 | 342.44 | 0.50 |
| Amount in ₹ Crore |
Objects of the Issue
The Company proposes to utilize the Net Proceeds from the Fresh Issue towards the following objects:
- Funding capital expenditure requirements for the purchase of equipment/machineries of our manufacturing facilities;
- General corporate purposes.
Strengths
- Diverse Product Range
- Technological Expertise
- Strong Relationships with Major Automobile Manufacturers
Weaknesses
- Limited Product Portfolio
- Dependence on Automotive Industry
- Reliance on Domestic Market
Divgi TorqTransfer Systems IPO Prospectus
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Company Contact Information
Divgi TorqTransfer Systems Limited
Plot No. 75,
General Block, MIDC
Bhosari, Pune 411026
Phone: +91 020 – 27302000
Email: sckadrolli@divgi-tts.com
Website: http://www.divgi-tts.com/
Divgi TorqTransfer Systems IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: Divgi.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Divgi TorqTransfer Systems IPO Lead Manager(s)
- Inga Ventures Pvt Ltd (Past IPO Performance)
- Equirus Capital Private Limited (Past IPO Performance)
