Divgi TorqTransfer IPO allotment out today; Here’s how to check

9 Mar 2023 , 10:07 AM

The share allotment of Divgi TorqTransfer Systems Limited initial public offer (IPO) is expected today on March 9. The Rs 412 crore IPO was subscribed 5.44 times on strong demand from retail investors and qualified institutional buyers.

As per the BSE data, the company has received bids for 2,08,87,225 shares against 38,41,800 shares on offer.  The retail investors’ quota was subscribed 4.31 times, while non-institutional investors (NIIs) and qualified institutional buyers (QIBs) parts were subscribed 1.4 times and 7.83 times respectively.

The issue was opened for subscription from March 3 to March 5 at a price band of Rs 560-590 apiece. 

One can check the share allotment on the IPO’s registrar website here at Link Intime or on BSE website. You need to enter the application number and PAN details to get the allotment status. 

The company raised more than Rs 185 crore from anchor investors ahead of its initial share sale. The company decided to allot 31.43 lakh equity shares to 12 funds at Rs 590 apiece. ICICI Prudential Mutual Fund (MF), Quant MF, Edelweiss MF, Motilal Oswal MF, Nippon India MF, Aditya Birla Sun Life Insurance Company, Aurigin Master Fund and Bengal Finance and Investment Pvt Ltd are among the anchor investors.