Divgi TorqTransfer Systems IPO
Auto Components / Torque Systems - Listed on 14 March 2023
Divgi TorqTransfer Systems IPO listing summary
Divgi TorqTransfer Systems (Auto Components / Torque Systems) closed its IPO window in 2023 and listed on NSE and BSE on 14 March 2023 at an upper band issue price of Rs 590, opening at Rs 620 for a listing gain of +5.1% and closing day one at Rs 605.2 (+2.6% on closing basis). The IPO was subscribed 5.44x overall - QIB 7.83x, HNI/NII 1.40x, Retail 4.31x. The total issue size was Rs 412.12 Cr (Fresh Issue Rs 180 Cr, OFS Rs 232.12 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Divgi TorqTransfer Systems IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 50 | +8.47% |
| Day 2 | Rs 50 | +8.47% |
| Day 3 | Rs 50 | +8.47% |
| Day 4 | Rs 50 | +8.47% |
| Day 5 | Rs 50 | +8.47% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Divgi TorqTransfer Systems IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Divgi TorqTransfer Systems IPO - FAQs
What was the listing gain of Divgi TorqTransfer Systems IPO?
Divgi TorqTransfer Systems IPO listed at +5.1% versus the upper issue price of Rs 590 on 14 March 2023.
How many times was Divgi TorqTransfer Systems IPO subscribed?
Divgi TorqTransfer Systems IPO was subscribed 5.44x overall. QIB portion was subscribed 7.83x, HNI / NII 1.40x and Retail 4.31x.
What was the IPO GMP for Divgi TorqTransfer Systems?
IPO GMP started at Rs 50 on Day 1 and moved to Rs 50 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.