Divgi TorqTransfer Systems IPO Details Out
Issue Dates : 01 - 03 March
Issue Size: 412 Crore ₹
Price Band : ₹ 560 - 590
Bid Lot Size: 25 Share
Current GMP 60rs can fluctuate as market is fluctuating quite frequently these days and mainly in downside
Retail Quota : 10%
Application Amount : ₹ 14,750
Number of Applications : Retail - 27,940
As per market observers, Divgi TorqTransfer Systems shares are commanding a premium (GMP) of ₹60 in grey market. The equity shares of the company are expected to list on March 14 on stock exchanges BSE and NSE.
"Underpinned by the sound financials, their business model is supported by a consistent track record of revenue growth and profitability with a CAGR of 21.23% and 28.30% between FY20-22. From a valuation standpoint, based on the FY22 figures, the issue appears to be attractively priced when compared to its listed peers. However, the business has high customer concentration risk (91% of revenues comes from the top 5 customers and 54% is generated from 1 customer). Moreover, overseas sale is dependent upon China and Russia which exposes the company to the risks of geographical concentration.
@bikidas2060 @Abhishek012 @xedo123 .. any reviews dimers about this .. should we subscribe ?
Rosh_0007 wrote:i m waiting fr last day and premium (hope it get to 15%) around that time as even if company is good ,no point of investing in this volatile market with premium less than 5%@bikidas2060 @Abhishek012 @xedo123 .. any reviews dimers about this .. should we subscribe ?
Rosh_0007 wrote:@bikidas2060 @Abhishek012 @xedo123 .. any reviews dimers about this .. should we subscribe ?
Ji I am waiting for sub figure n improvement in GMP
No
Time kharab hai, choona bhi lag sakta hai nawab bhi bana sakta hai... so full lottery.
Rosh_0007 wrote:@bikidas2060 @Abhishek012 @xedo123 .. any reviews dimers about this .. should we subscribe ?
Yes Go ahead as per your capacity
Digvi premium 10 way to less , hope no one applied
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