Divgi TorqTransfer Systems Limited IPO Message Board (Page 9)

Divgi TorqTransfer Systems Limited

*Positives*
- Strong promoter background
- Better growth Outlook
- Company is in take off stage as they are focusing on SUVs, commercial vehicles, EV and premium hatchbacks.
- Sep/dec order book size is 200 crore.
- Divgi-TTS has 3 manufacturing and assembling units Sirsi in Karnataka, and Shivare and Bhosari near Pune in Maharashtra.
- Revenue has grown up from 1590 Crores in FY20 to 2337 Crores in Fy22. A decent 21% CAGR growth.
- The business has OPM of 29%, NPM of 20%. These are very good margins in this business sector
- Dividend policy is 30-60%
- Valuations are reasonable, coming at a pe of around 37

*Negative points*
- Focusing primarily on commercial vehicles and SUVs
- Russia market is a bit hampered due to war and sanctions
- 5 customers contribute in 90% of business revenue
- 1 customer contributes in 74% of business revenue which is of course is a leader in SUVs.

*Future*
- 4th manufacturing plant in Sherwal is under construction, testing and other procedures scheduled to be started in end of Fy23. Fully operational by FY24 and will contribute in volume growth by fy 24-25
- Their latest technology 'torque on demand', for that they have tie up with MG Motors.
- Working closely with Tata Motors & Toyota for electric vehicles

*In their future planning they told namely 3 things-*
- Gear boxes for EV Transmissions
- EV applications
- Dual clutch automatics
These all are supposed to be operational starting from 2-3 months only, one by one.

Agreed, holding my 2 SHNI LOT for medium term, no negative point, everything postive, company has unique moat in industry, high entry barrier. Must hold for 20-30% return.

Still holding 2 sHNI lot.

Now what will happen to the undersubscibed .11 % shares in BHNI ... will it go to sHNI alone or will it be shared with sHNI and Retail ???

Unsubscribed portion of bHNI in toto will go to sHNI to maintain 15% of HNI combined after full and firm allotment to bHNI. So, effectively, the ratio of allotment in sHNI will be~ 1:2 catering for some rejections.

Thank you all the for the reply ... mixed opinion lets c in BoA that will help...

Divgi premium 12 rs.

Maal Laav Maal...

@Papi Parindaa
Global up move resumed. 5% up ckt today.

As anticipated, Global Surfaces crossed 200 today - in less than a month.

Without digging much in technicality of this company as I am not the technical guy.
But looking at Data of subscription from Mutual fund at NSE I am surprised.

Surprisingly , 31 Lakh shares were applied by Mutual Funds from 21 Lakh Shares reserved for QIB section , and they are the most intelligent investor now a day...

Conclusion - Agar aap ke paas khudka dimag nahi hai to jo hoshiyar kar raha hai wo karo. So I believe those who invested will be very happy to see positive listing

@Param Patel
Waiting for bumber listing.

99% positive listing possible

Hope for decent gain

For BHNI of 10 lakhs(1700 shares) and subscription of 0.89x (BHNI), how many shares will be alloted for this subscription

All applicants who have applied in >10L category will get full allotment .... Only after allotting all applicants in that category will remaining shares shift to 2 L or other categories...

@Sonmaya ji
If I understand the new system correctly, it's not just 1700 on every bHNI application. It will depend on the qty bid for, as it ended getting undersubscribed in bHNI.
In this case, if someone bid for let's say 2400 shares, they will get entire 2400 shares bid for.

Many have applied due to FOMO. As I said before, FOMO is real and manipulative.
Although one should be prepared for a below expectation listing, but still all the best for applicants. May it bring in a pleasant surprise on the listing day. A good listing is needed for the mainboard train stuck in muddy waters to pick up speed....

Qib played smart.. putting bids after 3 pm as most banks cut off time is 3 p.m... listing gain will be there..

Why wud they be happy? High demand in all categories is gud for all investors.

skipped it.....

There might be surprises during Listing and post listing performance. Not expecting discount listing.. RII quota is low... Easy for manipulation

Accepted all 9 retail application, now waiting for line true for me"Risk h to ishk hai"☺️

One PAN one application is a rule
Similarly
Third party application ban is also a rule
So
I am not confident about cancellation of NII by placing bid from RII.
All depends on Registrar

App will be rejected surely

Rule says, multiple applications on a single PAN are liable to be rejected. But they accept one or both, can we/you challenge?

Simple Strategy --10 % listing gain..
But Long-term for Good..

risk hai to ishq hai
apply 6 rni & 1 shni application

Divgi premium 5 rs. seller

1rs. me bhi koi buy nahi he....

divgi premium 3 rs. buyer ...

People are afraid presently.
One good listing and after that good movement remove the all fear.
May that ipo be this ipo.

Main thing is.. Its almost 0 debt company.. Biggest Positive

Respected Members,
आप सभी को मेरा प्रणाम
I'm new in IPO market along with stock market also,
Today I have applied 1 lot in BHNI category ,
Please give me suggestion for Alotment and listing strategy🙏🙏

Thank you Sir 🤗 @Earthking For your valuable information/help

@Hemant
You are going to get fill allotment of 10 lakhs as of now. BHNI portion is not fully subscribed. Let's hope for the best. No need to comment now as you have applied and likely to get full allotment. As you are new in Share Market please take care of your funds. Start at low level. Slow and study wins the race.
Don't try to hit six on first ball of the match, sometimes it may disappoint you.
My best wishes.

Apply for the listing gain as well for short term 3-4 months as the fundamental of the company is strong moreover the business operations is unique.

Don't afraid in applying as I can seen new members are posting baseless without having adequate knowledge of market.

I have applied from HDFC SEC in HNI....

now not able to cancel ....please advice

No need to panic, exit with 10% listing gains. Applied 4 retail.

thanks friends for your kind advice

Applied 4 sHNI. Positive listing is most likely.