How to check the allotment status of Divgi TorqTransfer Systems IPO

Divgi TorqTransfer Systems IPO worth Rs. 412.12 crore, consisted of a fresh issue of shares of Rs. 180 crore and an offer for sale (OFS) of the Rs. 232.12 crore. While the fresh issue component brings in funds into the company, it is also EPS and equity dilutive. On the other hand, the offer for sale is just a transfer of shares and hence it is neither equity dilutive nor is it EPS dilutive. The issue was overall subscribed 5.44 times, with the maximum subscription coming from the QIB segment, which got subscribed over 7.83 times.

While the HNI / NII segment got subscribed just about 1.40 times, the retail portion got subscribed 4.31 times. Within the HNI portion, most of the subscription came in the S-HNI segment (Rs. 2 lakhs to Rs. 10 lakhs) while the B-HNI segment (above Rs. 10 lakh) actually got undersubscribed. Most of the QIB subscriptions came in on the last day of the IPO, which is the norm. The price band for the IPO was Rs. 560 to Rs. 590, and looking at the response, it looks fairly likely that the price discovery would eventually happen at the upper end of the price band. That is also the price at which the anchor allocation was done by the company.

Here are some of the key dates to know about the IPO of Divgi TorqTransfer Systems Ltd. The issue opened on 01st March 2023 and closed for subscription on 03rd March 2023. The basis of allotment will be finalized late on Thursday, 09th March 2023 and the refunds to unsuccessful bids will be initiated on 10th March 2023. The demat credits are expected to happen on 13th March 2023 while the listing of the stock on the NSE and the BSE will happen on 14th March 2023. In between 07th March happens to be a trading and banking holiday on account of Holi, so the basis of allotment is back by a day. If you have applied for the IPO, you can check your allotment status online in multiple ways.

You can either check your allotment status on the BSE website or the IPO registrar, Link Intime India Private Limited. Here are the steps.

Checking the allotment status of Divgi TorqTransfer Systems Ltd on BSE website

Visit the BSE link for the IPO allotment by clicking on the link below

https://www.bseindia.com/investors/appli_check.aspx

Once you reach the page, here are the steps to follow.

• Under Issue Type – Select Equity Option

• Under Issue Name – Select Divgi TorqTransfer Systems Ltd from the drop-down box

• Enter the Application Number exactly as in the acknowledgement slip

• Enter the PAN (10-digit alphanumeric) number

• Once this is done, you need to click on the Captcha to verify that you are not a robot

• Finally click on the Search Button

In the past, while checking the allotment status on the BSE website, it was necessary to input the PAN number and the application Number. However, now BSE has modified the requirements and it is sufficient if you enter any one of these parameters.

The allotment status will be displayed on the screen in front of you informing about the number of shares of Divgi TorqTransfer Systems Ltd allotted into your demat account. It is always advisable to take a screenshot of the output screen for your records, so you can also subsequently tally the same with your demat credit and also with the refund amount.

Checking the allotment status of Divgi TorqTransfer Systems Ltd on Link Intime India Private Limited (Registrar to the IPO)

Visit the Link Intime registrar website for IPO status by clicking on the link below:

https://linkintime.co.in/MIPO/Ipoallotment.html

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Divgi TorqTransfer Systems Ltd from the drop-down box. In the case of Divgi TorqTransfer Systems Ltd, data access will be allowed late on 09th of March 2023 or by middle of 10th of March 2023, depending on when the data base is ready for querying.

• At the top of the page, you find 3 options to access the allotment status and all these 3 options available to you. You can either access the allotment status based on PAN, Application Number or DPID-Client ID combination. You can select any one options that is preferred and provide the details accordingly.
   

• If you opt for the PAN Number access, then enter the 10 character income tax permanent account number (PAN). This is an alphanumeric code available either on your PAN card or on top of your income tax return.
   

• The second option is to use the Application Number that you used while making an application for the IPO. The application number is available on the acknowledgement provided to you and you can use that as one of the options to access allotment status.
   

• The third option is to use the DPID-Client ID combination. Remember that here you have to enter the DP id and the demat client id together as one single string. This DPID / Client ID combination is a numeric figure for CDSL demat accounts while it is an alphanumeric string for NSDL demat accounts. This number would be available in your demat statement or you can also get it online from your online trading account or trading app downloaded on the mobile smart phone.
   

• Finally, click on the Search button after entering all the relevant data.

The IPO status with number of shares of Divgi TorqTransfer Systems Ltd allotted will be displayed on the screen in front of you. You can take a screenshot of the output page for your records. There are times the servers may be slow due to too much of demand on bandwidth, so you may have to be patient at times.