Divgi TorqTransfer Systems Limited IPO
i. Divgi TorqTransfer Systems is amongst the very few suppliers in India who have the capability to develop and provide system level transfer case, torque coupler and DCT solutions. They are one of the leading players supplying transfer case systems to automotive OEMs in India and the largest supplier of transfer case systems to passenger vehicle manufacturers in India.
ii. They are also the only player manufacturing and exporting transfer cases to global OEMs from India, and the only manufacturer of torque couplers in India.
iii. The company is in the process of designing and developing prototypes of transmission systems for EVs pursuant to receipt of a business award for this purpose
iv. They manufacture and supply a variety of products under the broad categories of
(i) torque transfer systems (which includes fourwheel-drive (“4WD”) and all-wheel-drive (“AWD”) products);
(ii) synchronizer systems for manual transmissions and DCT; and
(iii) components for the above-mentioned product categories for torque transfer systems and synchronizer systems in manual transmission, DCT, and EVs.
v. They have also developed
(i) transmission systems for EVs;
(ii) DCT systems; and
(iii) rear wheel drive manual transmissions.
vi. They are one of the few companies who serve both as systems level solution provider as well as component kit supplier to global OEMs and Tier I transmission systems suppliers.
vii. The company has an in-house software development capability which helps it in providing system level solutions offering software that controls the vehicle dynamics. They are also one of the first few suppliers of steel and carbon-based synchronizer systems for the Indian markets, and are one of the leading manufacturers of steel synchronizers in India.
viii. The company has three manufacturing and assembling facilities across India located at Sirsi in Karnataka, and Shivare and Bhosari near Pune in Maharashtra, with the manufacturing facilities at Shivare and Bhosari being strategically located in proximity to our key clients, and one under-construction manufacturing facility located at Shirwal, Maharashtra. They have purchased 10 acres of land at Shirwal near Pune in Maharashtra and commenced construction which will help them in expanding their manufacturing capacity including for manufacture of DCT and EV transmissions.
i. Strategically located manufacturing facilities capable of producing high precision components meeting system-level design intent.
ii. Long-term relationships with marquee domestic and global customers.
iii. Experienced board of directors and senior management team supported by skilled and qualified workforce.
Objects of the Divgi TorqTransfer Systems Limited IPO:
Divgi TorqTransfer Systems Limited IPO Details:
|Open Date:||Mar 01 2023|
|Close Date:||Mar 03 2023|
|Face Value:||₹ 5 Per Equity Share|
|Issue Type:||Book Built Issue IPO|
|Issue Size:||412 Cr.|
|Lot Size:||25 Shares|
|Issue Price:||₹ 560-590 Per Equity Share|
|Listing Date:||Mar 14 2023|
Promoters And Management:
Financials of Divgi TorqTransfer Systems Limited IPO:
|Particulars ( In Crore )||6MFY23||2022||2021||2020|
|Revenue from Operations||133||233||186||159|
|Cost of Materials Consumed||54||93||68||56|
|Changes in inventories||0.29||0.07||-2||2|
|Employee Benefits Expense||13||22||21||19|
|Depreciation & Amortisation||6||11||7||6|
Comparison With Peers:
|Name of the Company||Revenue (Cr)||Profit (Cr)||P/E||EPS||CMP||Mcap (Cr)|
|Divgi TorqTransfer Systems Limited||241||46||37||16.80||590||1800|
|Sona BLW Precision Forgings Limited||1,939||354||73.52||6.22||461||26,987|
|ZF Commercial Vehicle Control Systems India Limited||2,543||142||124.83||74.90||10,400||19,718|
|Sundram Fasteners Limited||4,902||462||45.10||21.74||982||20,638|
|Endurance Technologies Limited||7,549||461||44.61||32.75||1,280||18,003|