3 Mar 2023 , 11:19 AM
Divgi TorqTransfer Systems initial public offering (IPO) opened for subscription on March 1 will be going to end today on March 3. The IPO is backed by Infosys founder Nandan Nilekani.
The public offer received tepid response for the first 2 days. On day 3, the IPO was subscribed 0.49 times by 11.10 AM. As per the Divgi TorqTransfer Systems IPO subscription status available on BSE, the retail portion of the public issue has been subscribed 2.03 times whereas NII and QIB portion has been subscribed 0.34 times and 0.06 times respectively. Click here to subscribe the IPO.
Important details of Divgi TorqTransfer Systems IPO:
Open date | March 1, 2023 |
Close date | March 3, 2023 |
Lot size | 25 Shares |
IPO size (Rs crore) | Rs 412.12 Crore |
IPO price range (Rs) | Rs 560 to Rs 590 per share |
Minimum investment | Rs 14,750 |
Basis of allotment date | March 9, 2023 |
Refunds date | March 10, 2023 |
Credit to demat account date | March 13, 2023 |
Listing date | March 14, 2023 |
Ahead of the IPO, the company has raised over Rs 185 crore from anchor investors by alloting 31.43 lakh equity shares to 12 funds at Rs 590 per share. ICICI Prudential Smallcap Fund, Nippon India Smallcap Fund, Motilal Oswal Large and Midcap Fund are among the funds that participated in the anchor investor round.
The shares of Divgi TorqTransfer Systems IPO will list on BSE and NSE.
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