Mint - The Nandan Nilekani backed initial public offering is going to open on 1st March 2023 i.e. tomorrow and it will remain open for bidders till 3rd March 2023. This auto component company has fixed price band of the IPO at ₹560-590 per equity share. Read more
Divgi TorqTransfer Systems Stock is backed by Nandan Nilekani, co-founder of Infosys.
Its initial public offering is going to open on 1st March 2023 i.e. tomorrow and it will remain open for the bidders till 3rd March 2023.
The price band has been fixed at Rs.560 to Rs.590 per equity share.
Divgi Torq is a Tier 1 product leader in automotive drivetrain components and solutions with over 50 years of manufacturing expertise.
They provide world class torque transfer and transmission solutions to OEMs encompassing utility, passenger, commercial, electric and agricultural vehicles in India and across the globe.
Market observers said that Divgi TorqTransfer Systems IPO GMP today is ₹60, which means grey market is expecting that the public issue will list at around Rs 650 (Rs.590 + Rs.60), which is around 10% higher from its upper price brand of ₹590 apiece.
Grey Market is an official market where individuals buy/sell IPO shares or applications before their officially launched for trading on the stock exchange.
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