Divgi TorqTransfer Systems IPO vs Nexus Select Trust REIT

Comparision between Divgi TorqTransfer Systems IPO and Nexus Select Trust REIT.

IPO Details

Divgi TorqTransfer Systems IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Nexus Select Trust REIT is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Divgi TorqTransfer Systems IPO	Nexus Select Trust REIT
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	REIT
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Inga Ventures Pvt Ltd Equirus Capital Private Limited	Bofa Securities India Limited Axis Capital Limited Citigroup Global Markets India Private Limited Hsbc Securities & Capital Markets Pvt Ltd Iifl Securities Ltd Jm Financial Limited J.P. Morgan India Private Limited Kotak Mahindra Capital Company Limited Morgan Stanley India Company Pvt Ltd SBI Capital Markets Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Divgi TorqTransfer Systems IPO is up to ₹412.12 Cr whereas the issue size of the Nexus Select Trust REIT is up to ₹3,200.00 Cr. The final issue price of Divgi TorqTransfer Systems IPO is ₹590.00 per share and of Nexus Select Trust REIT is ₹100.00 per share.

	Divgi TorqTransfer Systems IPO	Nexus Select Trust REIT
Face Value	₹5 per share
Issue Price (Lower)	₹560.00 per share	₹95.00 per share
Issue Price (Upper)	₹590.00 per share	₹100.00 per share
Issue Price (Final)	₹590.00 per share	₹100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	25 shares	150 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹180.00 Cr	up to ₹1,400.00 Cr
OFS Issue Size	39,34,243 shares
OFS Issue Size (Amount)	up to ₹232.12 Cr	up to ₹1,800.00 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹412.12 Cr	up to ₹3,200.00 Cr

IPO Timetable

Divgi TorqTransfer Systems IPO opens on Mar 01, 2023, while Nexus Select Trust REIT opens on May 09, 2023. The closing date of Divgi TorqTransfer Systems IPO and Nexus Select Trust REIT is Mar 03, 2023, and May 11, 2023, respectively.

	Divgi TorqTransfer Systems IPO	Nexus Select Trust REIT
Anchor Bid Date	Feb 28, 2023	May 08, 2023
Issue Open	Mar 01, 2023	May 09, 2023
Issue Close	Mar 03, 2023	May 11, 2023
Basis Of Allotment (Tentative)	Mar 09, 2023	May 16, 2023
Initiation of Refunds (Tentative)	Mar 10, 2023	May 17, 2023
Credit of Share (Tentative)	Mar 13, 2023	May 18, 2023
Listing date (Tentative)	Mar 14, 2023	May 19, 2023
Anchor Lockin End date 1	Apr 08, 2023	Jun 15, 2023
Anchor Lockin End date 2	Jun 07, 2023	Aug 14, 2023

Financials

Divgi TorqTransfer Systems IPO P/E ratio is 35.16, as compared to Nexus Select Trust REIT P/E ratio of .

Divgi TorqTransfer Systems IPO

Nexus Select Trust REIT

Financial

Divgi TorqTransfer Systems Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	303.70	170.74	28.04	209.53	203.51	50.41
31-Mar-21	362.88	195.03	38.04	295.88	288.99	0.26
31-Mar-22	405.37	241.87	46.15	340.02	326.25	0.12
30-Sep-22	430.21	137.55	25.66	356.20	342.44	0.50
Amount in ₹ Crore

Nexus Select Trust Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Reserves and Surplus	Total Borrowing
31-Mar-20	9,527.64	1,708.19	206.74	976.05	5,955.67
31-Mar-21	8,959.36	1,047.97	-199.11	340.89	6,281.38
31-Mar-22	9,089.77	1,398.52	-10.95	389.15	6,311.20
31-Dec-22	8,989.53	1,498.35	257.02	639.31	5,872.31
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

67.18%

Promoter Shareholding (Post-Issue)

P/E Ratio

35.16

Market Cap

₹1804.39 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Divgi TorqTransfer Systems IPO retail investors (RII) are offered 6,98,509 shares while in Nexus Select Trust REIT retail investors are offered 6,98,509 shares. Qualified institutional buyers (QIB) are offered 20,95,528 shares in Divgi TorqTransfer Systems IPO and 10,10,52,450 shares in Nexus Select Trust REIT.

	Divgi TorqTransfer Systems IPO	Nexus Select Trust REIT
Anchor Investor Reserveration	31,43,290 shares	14,39,99,850 shares
Market Maker Reserveration
QIB	20,95,528 shares	10,10,52,450 shares
NII	10,47,763 shares	0 shares
RII	6,98,509 shares	0 shares
Employee	0 shares	0 shares
Others
Total	38,41,800 shares	18,52,63,050 shares

Bids Received (Subscription)

Divgi TorqTransfer Systems IPO subscribed 5.44x in total, whereas Nexus Select Trust REIT subscribed 5.45x.

	Divgi TorqTransfer Systems IPO	Nexus Select Trust REIT
QIB (times)	7.83x	4.81x
NII (times)	1.40x
Big NII (times)	0.89x
Small NII (times)	2.41x
RII (times)	4.31x
Employee (times)
Other (times)		6.23x
Total (times)	5.44x	5.45x

Compare with others

Divgi TorqTransfer Systems IPO	Nexus Select Trust REIT
Nexus Select Trust REIT	Cyient DLM IPO
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Avalon Technologies IPO	HMA Agro Industries IPO
Udayshivakumar Infra IPO	IKIO Lighting IPO
Global Surfaces IPO	Tata Technologies IPO
Signatureglobal India IPO	Mankind Pharma IPO
Radiant Cash Management IPO	Avalon Technologies IPO
KFin Technologies IPO	Udayshivakumar Infra IPO
Abans Holdings IPO	Global Surfaces IPO
Sah Polymers IPO	Divgi TorqTransfer Systems IPO

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