Auto Components / Torque Systems - Listed on 14 March 2023
Divgi TorqTransfer Systems (Auto Components / Torque Systems) closed its IPO window in 2023 and listed on NSE and BSE on 14 March 2023 at an upper band issue price of Rs 590, opening at Rs 620 for a listing gain of +5.1% and closing day one at Rs 605.2 (+2.6% on closing basis). The IPO was subscribed 5.44x overall - QIB 7.83x, HNI/NII 1.40x, Retail 4.31x. The total issue size was Rs 412.12 Cr (Fresh Issue Rs 180 Cr, OFS Rs 232.12 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Auto Components / Torque Systems
Divgi TorqTransfer Systems operates in the Auto Components / Torque Systems space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Divgi TorqTransfer Systems issue was offered at an upper price of Rs 590 and raised approximately Rs 412.12 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 50 | +8.47% |
| Day 2 | Rs 50 | +8.47% |
| Day 3 | Rs 50 | +8.47% |
| Day 4 | Rs 50 | +8.47% |
| Day 5 | Rs 50 | +8.47% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Divgi TorqTransfer Systems IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Divgi TorqTransfer Systems IPO listed at +5.1% versus the upper issue price of Rs 590 on 14 March 2023.
Divgi TorqTransfer Systems IPO was subscribed 5.44x overall. QIB portion was subscribed 7.83x, HNI / NII 1.40x and Retail 4.31x.
IPO GMP started at Rs 50 on Day 1 and moved to Rs 50 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.