July 27, 2024

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

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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.