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Total Issue Size
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Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Funding capital expenditure for manufacturing equipment
Proceeds earmarked for purchase of equipment and machinery for the company's manufacturing facilities.
General corporate purposes
Balance proceeds to be used for general corporate purposes.
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Divgi TorqTransfer Systems Limited is an automotive component manufacturer specializing in drivetrain and transmission technology. The company designs and produces system level transfer cases, torque couplers, and dual clutch automatic transmission solutions, and is counted among a small number of Indian suppliers with in house capability across this full product range. It supplies transfer case systems to passenger vehicle manufacturers in India and counts marquee domestic and global automakers such as Toyota, Mahindra & Mahindra, and Tata Motors among its client base. The company operates strategically located manufacturing facilities built for high precision component production, and has built long standing relationships with its major original equipment manufacturer customers over several years. Its revenue grew from around Rs 171 crore in FY2020 to about Rs 242 crore in FY2022, while profit after tax rose from roughly Rs 28 crore to Rs 46 crore over the same period, reflecting steady operational scale up. The company's shares were listed on the NSE and BSE in March 2023. Divgi TorqTransfer positions itself as a leading domestic player in transfer case systems for passenger vehicles, benefiting from rising demand for all wheel drive and four wheel drive capable vehicles in India and from its technical partnerships that support dual clutch transmission development. Its promoter group, led by the Divgi family, has a long history in precision automotive component manufacturing.
The company raised approximately Rs 185.45 crore from anchor investors ahead of the issue opening, at the issue price of Rs 590 per share. Participating anchor investors included ICICI Prudential Mutual Fund, Nippon Life India, Quant Mutual Fund, Motilal Oswal Mutual Fund, Aditya Birla Sun Life Insurance Company, Edelweiss Trusteeship, Matthews Asia Funds, Aurigin Master Fund, and Bengal Finance and Investment.
Source: RHP • Analysis provided for informational purposes
Last Updated: 18 July 2026, 5:30 AM
Leading domestic transfer case supplier
The company is among the largest suppliers of transfer case systems to passenger vehicle manufacturers in India, with a strong position in this specialised segment.
Rare full-stack capability
Divgi TorqTransfer is one of very few Indian companies able to design and manufacture transfer cases, torque couplers, and dual clutch transmission solutions in house.
Strategic manufacturing base
Its facilities are built to produce high precision, system level drivetrain components that meet demanding OEM design requirements.
Long standing OEM relationships
The company has built durable, multi year relationships with major domestic and global vehicle manufacturers.
Experienced promoter leadership
The promoter group brings a long history of precision automotive component manufacturing and technical leadership.
Customer concentration
A large share of revenue depends on a small number of top customers, so losing any of them or a cut in their orders would hurt the business materially.
Raw material price volatility
Fluctuations in the price or availability of key raw materials and components can pressure margins and production.
Third-party supplier dependence
The company relies on external suppliers for certain critical components, exposing it to supply chain disruption risk.
Divgi TorqTransfer Systems Limited
MUFG Intime India Private Limited
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Receivables and payment delays
Delays or defaults by customers in settling payments could affect profitability and cash flow.
Currency exposure
The business is exposed to foreign exchange rate movements given its international customer and supplier base.