Divgi TorqTransfer Systems IPO GMP History
Divgi TorqTransfer Systems IPO has been listed on March 14, 2023 at a listing price of ₹620, against the issue price of ₹590 — a gain of ₹30 (+5.08%). The GMP peaked at ₹50 on 3 March 2023 and reached a low of ₹0 on 1 March 2023. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Divgi TorqTransfer Systems IPO raised ₹412.12 Cr. through its IPO at a price band of ₹560 to ₹590 per share, with a lot size of 25 shares. The IPO was open for subscription from 01 Mar 2023 to 03 Mar 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 11:47 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 13 Mar 2023 | ₹ 20 | ▼ | 3% | — | — |
| 11 Mar 2023 | ₹ 22 | ▼ | 4% | — | — |
| 10 Mar 2023 | ₹ 25 | ▼ | 4% | — | — |
| 09 Mar 2023 | ₹ 30 | — | 5% | — | — |
| 08 Mar 2023 | ₹ 30 | ▼ | 5% | — | — |
| 06 Mar 2023 | ₹ 40 | — | 7% | — | — |
| 04 Mar 2023 | ₹ 40 | ▼ | 7% | — | — |
| 03 Mar 2023 | ₹ 50 | — | 8% | — | — |
| 02 Mar 2023 | ₹ 50 | ▲ | 8% | — | — |
| 01 Mar 2023 | ₹ 0 | — | -- | — | — |
Divgi TorqTransfer Systems IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 01 Mar 2023
- Close 03 Mar 2023
- Allotment 09 Mar 2023
- Refund/credit 10 Mar 2023
- Listing 14 Mar 2023
Divgi TorqTransfer Systems IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹590 |
|---|---|
| GMP-based estimate (pre-listing) | ₹610 (+3.4%) |
| Listing gain / loss | +₹30 per share |
| Listing date | 14 Mar, 2023 |
| Actual listing price | ₹620 (+5.08%) |
Is Divgi TorqTransfer Systems IPO GMP reliable?
Grey market premium for Divgi TorqTransfer Systems IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Divgi TorqTransfer Systems IPO full review for a fundamentals-based assessment before making any grey market trades.
Divgi TorqTransfer Systems IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Divgi TorqTransfer Systems IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Divgi TorqTransfer Systems IPO
Divgi TorqTransfer Systems Limited was incorporated as Divgi Metalwares Private Limited on 16 December 1964. It is among the very few suppliers in India that can develop and provide system-level transfer cases, torque couplers and dual-clutch transmission (DCT) solutions.
As per CRISIL, it is one of the leading suppliers of transfer case systems to OEMs in India and the largest supplier of transfer case systems to passenger vehicle makers in India. It can also develop transmission systems for EVs, and has in-house software that controls vehicle dynamics.
It has three manufacturing and assembly facilities in India and its registered office is at Bhosari, Pune.
The IPO was Rs 412.12 crore, with Rs 180.00 crore of fresh issue and Rs 232.12 crore of offer for sale by investors and other shareholders. Rs 150.71 crore was planned for equipment and machinery for its plants.
Frequently asked
What is the GMP of Divgi TorqTransfer Systems IPO?
The current Grey Market Premium (GMP) of Divgi TorqTransfer Systems IPO is ₹ 20.
What is the Kostak Price of Divgi TorqTransfer Systems IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Divgi TorqTransfer Systems IPO is not available.
What is the Subject to Sauda Price of Divgi TorqTransfer Systems IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Divgi TorqTransfer Systems IPO?
Divgi TorqTransfer Systems IPO listed on March 14, 2023 at ₹620, against the issue price of ₹590 — a gain of +5.08%.
How did the GMP of Divgi TorqTransfer Systems IPO trend before listing?
The GMP of Divgi TorqTransfer Systems IPO was falling in its final days before listing. The GMP peaked at ₹50 on 3 March 2023. View the day-wise table above for the complete GMP history.
Explore Divgi TorqTransfer Systems IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
