divgi: automobile parts corporate Divgi Torqtransfer Programs information for IPO with Sebi

Automobile parts corporate Divgi Torqtransfer has filed initial bureaucracy with capital markets regulator Sebi to lift finances thru an preliminary public providing (IPO). The IPO will come with a brand new factor of stocks totaling as much as Rs 200 crore and an be offering to promote (OFS) of as much as 31,46,802 stocks through buyers and different promoting shareholders, consistent with a draft purple herring prospectus (DRHP).

Underneath OFS Oman India Joint Funding Fund II, Nrjn Circle of relatives Agree with, Bharat Bhachandra Divgi, Sanjay Bhalchandra Divgi, Ashish Anant Divgi, Arun Ramdas Idgunji and Kishore Mangesh Kalbag will promote stocks.

Proceeds from the brand new factor will likely be used to fund capital expenditure necessities for the acquisition of kit for its manufacturing amenities and basic company functions.

Divgi is an automobile parts department that has the power to broaden and provide gadget degree switch case, torque take hold of and twin take hold of automated transmission (DCT) answers. The corporate has 3 production and meeting amenities situated throughout India.

Mahindra and Mahindra

and Toyota Kirloskar Auto Portions are a number of the corporate’s shoppers.

Inga Ventures and Equirus Capital are the lead managers in this factor. Stocks are proposed to be positioned at the BSE and NSE.

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