• Divgi TorqTransfer Systems Limited allocates 31,43,290 equity shares at the upper price band of Rs.590 per equity share with face value of ₹ 5 per share;
• Non-anchor offer to open on Wednesday, March 01, 2023 to Friday, March 03, 2023
• Price band of issue is ₹560 – ₹ 590 per share
• Minimum bid quantity is 25 shares and in multiple thereof
Divgi TorqTransfer Systems Ltd, has allotted 31,43,290 equity shares to 12 anchor investors and raised ₹185.45 crore ahead of company’s proposed IPO, the upper price band of ₹590 per equity share (including premium of ₹ 585 per equity shares) with face value of ₹ 5 per share.
The anchor allocation is as follows:
|
Sr. No. |
Name of the Anchor Investor |
No. of Equity Shares allocated |
Amount Allocated |
% of Anchor Investor Portion |
Bid price (Rs. per Equity Share) |
|
1. |
ICICI PRUDENTIAL SMALLCAP FUND |
4,18,975 |
24,71,95,250 |
13.33% |
590 |
|
2. |
ICICI PRUDENTIAL TRANSPORTATION AND LOGISTICS FUND |
4,20,000 |
24,78,00,000 |
13.36% |
590 |
|
3. |
NIPPON LIFE INDIA TRUSTEE LTD – A/C – NIPPON INDIA SMALL CAP FUND |
8,38,975 |
49,49,95,250 |
26.69% |
590 |
|
4. |
QUANT MUTUAL FUND – QUANT QUANTAMENTAL FUND |
2,54,225 |
14,99,92,750 |
8.09% |
590 |
|
5. |
EDELWEISS TRUSTEESHIP CO LTD AC – EDELWEISS MF AC – EDELWEISS EDELWEISS EQUITY SAVINGS FUND |
33,900 |
2,00,01,000 |
1.07% |
590 |
|
6. |
EDELWEISS TRUSTEESHIP CO LTD AC – EDELWEISS MF AC – EDELWEISS AGGRESIVE HYBRID FUND |
84,750 |
5,00,02,500 |
2.70% |
590 |
|
7. |
EDELWEISS TRUSTEESHIP CO LTD. AC – EDELWEISS MF AC – EDELWEISS RECENTLY LISTED IPO FUND |
1,35,575 |
7,99,89,250 |
4.31% |
590 |
|
8. |
MOTILAL OSWAL LARGE AND MIDCAP FUND |
2,54,225 |
14,99,92,750 |
8.09% |
590 |
|
9. |
ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED
|
2,54,225 |
14,99,92,750 |
8.09% |
590 |
|
10. |
MATTHEWS ASIA FUNDS ASIA SMALL COMPANIES FUND
|
1,09,300 |
6,44,87,000 |
3.48% |
590 |
|
11. |
AURIGIN MASTER FUND LIMITED |
84,820 |
5,00,43,800 |
2.70% |
590 |
|
12. |
BENGAL FINANCE ANDINVESTMENT PVT LTD |
2,54,320 |
15,00,48,800 |
8.09% |
590 |
|
TOTAL |
31,43,290 |
1,854,541,100 |
100% |
|
|
Out of the total allocation of 31,43,290 equity shares to the Anchor Investors, 24,40,625 equity shares (i.e. 77.65% of the total allocation to Anchor Investors) were allocated to 8 domestic mutual funds through a total of 8 schemes.
|
Sr. No. |
Name of the Anchor Investor |
No. of Equity Shares allocated |
Amount Allocated |
% of Anchor Investor Portion |
Bid price (Rs. per Equity Share) |
|
1. |
ICICI PRUDENTIAL SMALLCAP FUND |
4,18,975 |
24,71,95,250 |
13.33% |
590 |
|
2. |
ICICI PRUDENTIAL TRANSPORTATION AND LOGISTICS FUND |
4,20,000 |
24,78,00,000 |
13.36% |
590 |
|
3. |
NIPPON LIFE INDIA TRUSTEE LTD -A/C NIPPON INDIA SMALL CAP FUND |
8,38,975 |
4,94,995,250 |
26.69% |
590 |
|
4. |
QUANT MUTUAL FUND – QUANT QUANTAMENTAL FUND |
2,54,225 |
14,99,92,750 |
8.09% |
590 |
|
5. |
EDELWEISS TRUSTEESHIP CO LTD. AC – EDELWEISS MF AC – EDELWEISS EDELWEISS EQUITY SAVINGS FUND |
33,900 |
2,00,01,000 |
1.07% |
590 |
|
6. |
EDELWEISS TRUSTEESHIP CO LTD. AC – EDELWEISS MF AC – EDELWEISS AGGRESIVE HYBRID FUND |
84,750 |
5,00,02,500 |
2.70% |
590 |
|
7. |
EDELWEISS TRUSTEESHIP CO LTD. AC – EDELWEISS MF AC – EDELWEISS RECENTLY LISTED IPO FUND |
1,35,575 |
7,99,89,250 |
4.31% |
590 |
|
8. |
MOTILAL OSWAL LARGE AND MIDCAP FUND |
2,54,225 |
14,99,92,750 |
8.09% |
590 |
|
Total |
24,40,625 |
1,43,99,68,750 |
77.65% |
|
|
INGA Ventures Private Limited and Equirus Capital Private Limited are the Book Running Lead Managers to the Offer.
