Divgi TorqTransfer Systems IPO is the first public offer which is open for subscription on March 1 to March 3. The company has fixed price band at Rs 560-590 a share and investors can apply for 25 shares in a lot. To apply in the IPO, click here.
Check the live subscription status of Divgi TorqTransfer Systems IPO on March 1 at 11.15 AM
| Category | No.of shares offered / reserved | No. of shares bid for | No. of times of total meant for the category |
| Qualified Institutional Buyers (QIBs) | 20,95,528 | – | 0.00 |
| Non Institutional Investors(NIIs) | 10,47,763 | 4,400 | 0.00 |
| Retail Individual Investors (RIIs) | 6,98,509 | 89,800 | 0.13 |
| Total | 38,41,800 | 94,200 | 0.02 |
(Source: BSE)
Divgi TorqTransfer Systems IPO comprises fresh issue of equity shares worth Rs 180 crore and an Offer For Sale (OFS) of 39.34 lakh shares by investors and other selling shareholders.
The company has raised Rs 185 crore from anchor book ahead of the IPO on February 28.
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