Divgi TorqTransfer Systems IPO subscription opens today: Check price band, allotment date and shares listing date on NSE, BSE

Divgi TorqTransfer Systems IPO: The company has priced its IPO between Rs 560 to Rs 590 per share.

Divgi TorqTransfer Systems IPO: About 75 per cent of the issue has been reserved for qualified institutional investors, Pic- Pixabay

Divgi TorqTransfer Systems IPO: Nandan Nilekani family-backed Divgi TorqTransfer Systems' IPO is now open for subscription to retail investors. The subscription window of Pue-based automotive component maker's public issue will close on March 3.

The company has priced its IPO between Rs 560 to Rs 590 per share. At the upper end of the price band, the company aims to raise up to Rs 412 crore.

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).

About 75 per cent of the issue has been reserved for qualified institutional investors, 15 per cent for non-institutional investors and the remaining 10 per cent for retail investors. A retail investor can bid for a minimum of 1 lot, comprising 25 shares at Rs 14,750. A retail investor can bid for a maximum of 13 lots, comprising 325 shares at Rs 191,750.

Divgi TorqTransfer Systems IPO Allotment Date

The tentative allotment date of Divgi TorqTransfer Systems IPO is March 9. Shares will be credited into the Demat account of the successful bidders.

Divgi TorqTransfer Systems IPO Allotment Status

Bidders can check their status on the official website of the registrar. The official registrar of Divgi TorqTransfer Systems IPO is Link Intime -- linkintime.co.in. Besides, bidders can also check the allotment status on the BSE website -- bseindia.com.