Morgan Stanley Asia exited Divgi by selling its entire 3.73 lakh shares at an average price of Rs 590.32 per share, amounting to Rs 22.05 crore
Divgi traded with a volume of 3.43 lakh shares on the BSE, while the trading volume on the NSE was 34.14 lakh shares.
For FY22, the firm reported revenue of Rs 233.78 crore against Rs 186.58 crore a year ago. Net profit for the year stood at Rs 46.15 crore
Share allotment is expected to be finalised by March 9 and the company will make its market debut on March 14
The share sale received bids for 14,49,000 shares as against 38,41,800 shares on offer, according to NSE data.
Ajcon Global has come out with its report on Divgi Torqtransfer Systems. The research firm has recommended to “ Subscribe ” the ipo in its research report as on March 01, 2023.
Divgi TorqTransfer Systems IPO: The Rs 412-crore offer comprises a fresh issue of shares worth Rs 180 crore and an offer for sale of 39.34 lakh shares by non-promoters
Choice Equity Broking has come out with its report on Divgi Torqtransfer Systems. The research firm has recommended to “ Subscribe with Caution” the ipo in its research report as on March 01, 2023.
Hem Securities has come out with its report on Divgi Torqtransfer Systems. The research firm has recommended to “ Long Term Susbcribe” the ipo in its research report as on February 28, 2023.
Divgi Torqtransfer Systems has allotted 31.43 lakh equity shares to 12 anchor investors.
The share allotment will be finalised by March 9 and shares will be transferred to the demat accounts of eligible investors by March 11. The company will make its market debut on March 14
The three companies, filed their preliminary IPO (initial public offering) papers with the regulator between September and October, received the regulator's observation letters during October 13-16, an update with the Securities and Exchange Board of India (Sebi) showed.