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Divgi TorqTransfer Systems Limited raises ₹185.45 Crore from 12 Anchor Investors at the Upper Price Band of ₹590 per equity share

• 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.

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