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  3. Divgi TorqTransfer Systems Limited raises ₹185.45 Crore from 12 Anchor Investors at the Upper Price Band of ₹590 per equity share
Business

Divgi TorqTransfer Systems Limited raises ₹185.45 Crore from 12 Anchor Investors at the Upper Price Band of ₹590 per equity share

 Divgi TorqTransfer Systems Limited raises ₹185.45 Crore from 12 Anchor Investors at the Upper Price Band of ₹590 per equity share

Divgi TorqTransfer Systems Ltd, has allotted 31,43,290equity shares to 12 anchor investors and raised ₹185.45 crore ahead of company’s proposed IPO, the upper price band of ₹590 per equity share (including premium of ₹ 585 per equity shares) with face value of ₹ 5 per share. 

The anchor allocation is as follows:

Sr. No.Name of the Anchor InvestorNo. of Equity Shares allocatedAmount Allocated% of Anchor Investor PortionBid price (Rs. per Equity Share)
 ICICI PRUDENTIAL SMALLCAP FUND4,18,97524,71,95,25013.33%590
 ICICI PRUDENTIAL TRANSPORTATION AND LOGISTICS FUND4,20,00024,78,00,00013.36%590
 NIPPON LIFE INDIA TRUSTEE LTD – A/C – NIPPON INDIA SMALL CAP FUND8,38,97549,49,95,25026.69%590
 QUANT MUTUAL FUND – QUANT QUANTAMENTAL FUND2,54,22514,99,92,7508.09%590
 EDELWEISS TRUSTEESHIP CO LTD AC – EDELWEISS MF AC – EDELWEISS EDELWEISS EQUITY SAVINGS FUND33,9002,00,01,0001.07%590
 EDELWEISS TRUSTEESHIP CO LTD AC – EDELWEISS MF AC – EDELWEISS AGGRESIVE HYBRID FUND84,7505,00,02,5002.70%590
 EDELWEISS TRUSTEESHIP CO LTD. AC – EDELWEISS MF AC – EDELWEISS RECENTLY LISTED IPO FUND1,35,5757,99,89,2504.31%590
 MOTILAL OSWAL LARGE AND MIDCAP FUND2,54,22514,99,92,7508.09%590
 ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED  2,54,22514,99,92,7508.09%590
 MATTHEWS ASIA FUNDS ASIA SMALL COMPANIES FUND  1,09,3006,44,87,0003.48%590
 AURIGIN MASTER FUND LIMITED84,8205,00,43,8002.70%590
 BENGAL FINANCE ANDINVESTMENT PVT LTD2,54,32015,00,48,8008.09%590
TOTAL31,43,2901,854,541,100100% 

Out of the total allocation of 31,43,290 equity shares to the Anchor Investors, 24,40,625 equity shares (i.e. 77.65% of the total allocation to Anchor Investors) were allocated to 8 domestic mutual funds through a total of 8 schemes.

Sr. No.Name of the Anchor InvestorNo. of Equity Shares allocatedAmount Allocated% of Anchor Investor PortionBid price (Rs. per Equity Share)
 ICICI PRUDENTIAL SMALLCAP FUND4,18,97524,71,95,25013.33%590
 ICICI PRUDENTIAL TRANSPORTATION AND LOGISTICS FUND4,20,00024,78,00,00013.36%590
 NIPPON LIFE INDIA TRUSTEE LTD -A/C  NIPPON INDIA SMALL CAP FUND8,38,9754,94,995,25026.69%590
 QUANT MUTUAL FUND – QUANT QUANTAMENTAL FUND2,54,22514,99,92,7508.09%590
 EDELWEISS TRUSTEESHIP CO LTD. AC – EDELWEISS MF AC – EDELWEISS EDELWEISS EQUITY SAVINGS FUND33,9002,00,01,0001.07%590
 EDELWEISS TRUSTEESHIP CO LTD. AC – EDELWEISS MF AC – EDELWEISS AGGRESIVE HYBRID FUND84,7505,00,02,5002.70%590
 EDELWEISS TRUSTEESHIP CO LTD. AC – EDELWEISS MF AC –  EDELWEISS RECENTLY LISTED IPO FUND1,35,5757,99,89,2504.31%590
 MOTILAL OSWAL LARGE AND MIDCAP FUND2,54,22514,99,92,7508.09%590
Total24,40,6251,43,99,68,75077.65% 

INGA Ventures Private Limited and Equirus Capital Private Limited are the Book Running Lead Managers to the Offer.

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