Home » Divgi Torqtransfer files draft papers to raise funds through IPO

Divgi Torqtransfer files draft papers to raise funds through IPO

by WorldFinance
0 comment

Auto component maker Divgi Torqtransfer Systems has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering.

The IPO consists of a fresh issue of Rs 200 crore and an offer for sale (OFS) of up to 3.15 million shares by its existing shareholders and promoters.

The OFS comprises up to 1.75 million shares by Oman India Joint Investment Fund II, up to 1.15 million shares by NRJN Family Trust, and up to 49,430 shares by Bharat Bhalchandra Divgi.
 

Inga Ventures and Equirus Capital are the lead managers of the issue.

The firm is one of the leading players supplying transfer case systems to OEMs in India and the largest supplier of transfer case systems to passenger vehicle manufacturers in the country.

You may also like

Leave a Comment

Our Company

Critical insights and analysis on Finance in the world

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Laest News

@2022 – All Right Reserved. Designed and Developed by WorldFin.news