InvestorQ : Can you tell me about the DIVGI IPO filing?
NISHA Nayak made post

Can you tell me about the DIVGI IPO filing?

Priyanka N answered.
2 weeks ago

Divgi Torqtransfer Systems Ltd is an auto component company catering to big auto companies in India like Tata Motors, Mahindra & Mahindra as well as Toyota Kirloskar. On Thursday, the company had filed its draft red herring prospectus (DRHP) with SEBI for its IPO. The IPO comprises of Rs200 crore of fresh issue and an offer for sale (OFS) of 31.47 lakh shares by early investors and promoters. Apart from promoters, the Oman India Joint Investment Fund will also participate in the OFS. Fresh issue proceeds will go into bankrolling capex for purchase of equipment for its manufacturing facilities.