Tue, Mar 14, 2023
Divgi TorqTransfer Systems Share Price Listing: Divgi TorqTransfer Systems IPO made its stock market debut on Tuesday on a muted note. The shares got listed at a premium of 5.08 per cent or at Rs 620 on NSE over the issue price of Rs 590. The Pune-based auto component manufacturer debuted flat at Rs 600 on BSE. Zee Business Managing Editor Anil Singhvi had predicted that shares of Divgi TorqTransfer Systems will list at a premium of 5-10 per cent and suggested keeping a stop loss at the issue price for short-term investors. Divgi TorqTransfer Systems IPO consisted of both a fresh issue of equity shares worth Rs 180 crore and an offer-for-sale (OFS) of 39.34 lakh shares where promoters and other existing investors offload stake. The company had priced its IPO between Rs 560 and Rs 590 per share. The allotment of shares was done at Rs 590 per share, raising around Rs 412 crore.
More >
Thu, Mar 02, 2023
Divgi TorqTransfer Systems IPO: Shares in Pune-based Divgi TorqTransfer are available for bidding in a price band of Rs 560-590 apiece for one more day, on March 3. Potential investors can bid for the Divgi shares in multiples of 25, which translates to Rs 14,000-14,750 per lot.
Wed, Mar 01, 2023
Divgi TorqTransfer Systems IPO subscription status: The public issue was subscribed 12 per on day 1. Divgi TorqTransfer shares will list on NSE and BSE on March 14.
Divgi TorqTransfer Systems IPO review by Anil Singhvi: The IPO comprises a fresh issue of Rs 180 crore and an offer for the sale of up to Rs 232 crore by Oman India Joint Investment Fund and Nandan Nilekani (Family Trust).
Divgi TorqTransfer Systems IPO: The company has priced its IPO between Rs 560 to Rs 590 per share.
Mon, Feb 27, 2023
At least 9 companies are planning to launch IPOs during the next 5-6 weeks. Several companies have already filed their Draft Red Herring Prospectus (DRHP)-- a preliminary registration document for companies looking to go public.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
