Divgi TorqTransfer Systems IPO Subscription Status
Divgi TorqTransfer Systems IPO was subscribed 5.44 times when bidding closed on 3 Mar 2023: QIB 7.83x, NII 1.4x, Retail 4.31x.
The Divgi TorqTransfer Systems IPO has been subscribed 5.44x times overall. Retail investors have shown interest with bids for 4.31x the shares available. The Non-Institutional Investor (NII) category has been subscribed 1.4x. Within NII, Big HNI (B-HNI) subscribed 0.89x and Small HNI (S-HNI) subscribed 2.41x. Qualified Institutional Buyers (QIBs) have subscribed 7.83x. Data last updated on 10 Nov, 11:47 AM.
The IPO subscription period has ended. The issue opened on 01 Mar, 2023 and closes on 03 Mar, 2023. The shares are expected to list on stock exchanges on 14 Mar, 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 7.83x |
| NII | - of - - | 1.4x |
bHNI — bid amount above ₹10 Lakh |
- - | 0.89 |
sHNI — bid amount ₹2–10 Lakh |
- - | 2.41 |
| Retail | - of - - | 4.31x |
| TOTAL | - - | 5.44x |
Divgi TorqTransfer Systems IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 23.2% for a single lot.
Institutional Backing
Massive institutional interest with QIBs subscribing 7.83x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
03 Mar 2023
Day 3 |
5.44x | ▼ | |
|
QIB7.83x
BHNI0.89x
SHNI2.41x
Retail4.31x
|
|||
|
02 Mar 2023
Day 2 |
0.38x | ▼ | |
|
QIB0.06x
BHNI0.15x
SHNI0.37x
Retail1.56x
|
|||
|
01 Mar 2023
Day 1 |
0.12x | ▼ | |
|
QIB-
BHNI0.04x
SHNI0.09x
Retail0.6x
|
|||
Divgi TorqTransfer Systems IPO dates
From the bidding window 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
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Divgi TorqTransfer Systems IPO?
As of IPO close date (03 Mar, 2023), the Divgi TorqTransfer Systems IPO is subscribed 5.44x times. Retail category is 4.31x, and NII is 1.4x subscribed.
When is the allotment date for Divgi TorqTransfer Systems IPO?
The allotment for Divgi TorqTransfer Systems IPO is expected to be finalized on 09 March, 2023.
What is the GMP of Divgi TorqTransfer Systems?
The Grey Market Premium (GMP) for Divgi TorqTransfer Systems is currently ₹20, indicating a potential listing gain of 3%.
When will Divgi TorqTransfer Systems IPO list on the stock market?
Divgi TorqTransfer Systems is scheduled to list on BSE and NSE on 14 March, 2023.
What are the chances of getting allotment in Divgi TorqTransfer Systems IPO?
The retail category is oversubscribed at 4.31x, meaning allotment is by lottery. Statistically, approximately 1 in 5 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 7.83x mean for Divgi TorqTransfer Systems IPO?
Moderate — QIBs have subscribed 7.83x. Institutional demand is present but not overwhelming. Watch for any last-minute QIB surge on the final day.
How to check Divgi TorqTransfer Systems IPO allotment status?
After the allotment date (09 Mar, 2023), you can check your Divgi TorqTransfer Systems IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Divgi TorqTransfer Systems IPO further
Track every stage of this IPO, from subscription to listing.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
