Last day to subscribe Divgi TorqTransfer Systems IPO; Check live subscription status

3 Mar 2023 , 11:14 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.