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 Investor	No. of Equity Shares allocated	Amount Allocated	% of Anchor Investor Portion	Bid price (Rs. per Equity Share)
	ICICI PRUDENTIAL SMALLCAP FUND	4,18,975	24,71,95,250	13.33%	590
	ICICI PRUDENTIAL TRANSPORTATION AND LOGISTICS FUND	4,20,000	24,78,00,000	13.36%	590
	NIPPON LIFE INDIA TRUSTEE LTD – A/C – NIPPON INDIA SMALL CAP FUND	8,38,975	49,49,95,250	26.69%	590
	QUANT MUTUAL FUND – QUANT QUANTAMENTAL FUND	2,54,225	14,99,92,750	8.09%	590
	EDELWEISS TRUSTEESHIP CO LTD AC – EDELWEISS MF AC – EDELWEISS EDELWEISS EQUITY SAVINGS FUND	33,900	2,00,01,000	1.07%	590
	EDELWEISS TRUSTEESHIP CO LTD AC – EDELWEISS MF AC – EDELWEISS AGGRESIVE HYBRID FUND	84,750	5,00,02,500	2.70%	590
	EDELWEISS TRUSTEESHIP CO LTD. AC – EDELWEISS MF AC – EDELWEISS RECENTLY LISTED IPO FUND	1,35,575	7,99,89,250	4.31%	590
	MOTILAL OSWAL LARGE AND MIDCAP FUND	2,54,225	14,99,92,750	8.09%	590
	ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED	2,54,225	14,99,92,750	8.09%	590
	MATTHEWS ASIA FUNDS ASIA SMALL COMPANIES FUND	1,09,300	6,44,87,000	3.48%	590
	AURIGIN MASTER FUND LIMITED	84,820	5,00,43,800	2.70%	590
	BENGAL FINANCE ANDINVESTMENT PVT LTD	2,54,320	15,00,48,800	8.09%	590
TOTAL	31,43,290	1,854,541,100	100%

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 Investor	No. of Equity Shares allocated	Amount Allocated	% of Anchor Investor Portion	Bid price (Rs. per Equity Share)
	ICICI PRUDENTIAL SMALLCAP FUND	4,18,975	24,71,95,250	13.33%	590
	ICICI PRUDENTIAL TRANSPORTATION AND LOGISTICS FUND	4,20,000	24,78,00,000	13.36%	590
	NIPPON LIFE INDIA TRUSTEE LTD -A/C  NIPPON INDIA SMALL CAP FUND	8,38,975	4,94,995,250	26.69%	590
	QUANT MUTUAL FUND – QUANT QUANTAMENTAL FUND	2,54,225	14,99,92,750	8.09%	590
	EDELWEISS TRUSTEESHIP CO LTD. AC – EDELWEISS MF AC – EDELWEISS EDELWEISS EQUITY SAVINGS FUND	33,900	2,00,01,000	1.07%	590
	EDELWEISS TRUSTEESHIP CO LTD. AC – EDELWEISS MF AC – EDELWEISS AGGRESIVE HYBRID FUND	84,750	5,00,02,500	2.70%	590
	EDELWEISS TRUSTEESHIP CO LTD. AC – EDELWEISS MF AC –  EDELWEISS RECENTLY LISTED IPO FUND	1,35,575	7,99,89,250	4.31%	590
	MOTILAL OSWAL LARGE AND MIDCAP FUND	2,54,225	14,99,92,750	8.09%	590
Total	24,40,625	1,43,99,68,750	77.65%

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