Chandigarh,(Gurpreet0 Divgi Torqtransfer Systems Limited (Divgi) has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”). Divgi is amongst the very few automotive component entities in India who have the capability to develop and provide system level transfer case, torque coupler and dual clutch automatic transmissions (“DCT”) solutions. The Company is also the only player manufacturing and exporting transfer cases to global OEMs from India, and the only manufacturer of torque couplers in India according to CRISIL Report. It also have the capability to develop and provide transmission systems for electric vehicles (“EVs”).
The company plans to raise funds through Initial Public Offering (IPO) comprising offer of equity shares having face value of Rs. 5 each, aggregating up to Rs. 2,000 million (“Fresh Issue”) and Offer for Sale of up to 31,46,802 equity shares by the Selling Shareholders. (“Offer for Sale”). According to CRISIL Report, the company is one of the leading players supplying transfer case systems to automotive OEMs in India and the largest supplier of transfer case systems to passenger vehicle manufacturers in India.