Divgi TorqTransfer Systems IPO Opens Today To Float ₹412 Crore
Automotive component manufacturer Divgi TorqTransfer Systems IPO opens today with a fresh issue of equity shares worth ₹180 crores plus OFS of 39.34 lakh shares. The initial public offering of automobile component producer Divgi TorqTransfer Systems, which began on March 1 and will run until March 3, 2023, appears to be the beginning of the end of the mainboard IPO’s dry spell. The price range has been set at 560 to 590 rupees per share. The business announced on Tuesday that it has secured over 185 crores from anchor investors in advance of its IPO. According to BSE data as of 10:30 am on Day 1, the offer has been subscribed to 0.01 times, with the category for retail investors having been booked 0.06. The Divgi TorqTransfer Systems’ initial public offering (IPO) consists of a new equity share issuance in the amount of 180 crore rupees and an offer for sale (OFS) of 39.34 lakh shares from investors and other selling shareholders. The new issue’s proceeds will go towards meeting ...