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Analysing the Divgi TorqTransfer Systems IPO's Potential: GMP's Perspectives and Nandan Nilekani's Support

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Nandan Nilekani-backed initial public offering (IPO) is scheduled to open on March 1, 2023, and will remain open for bidders until March 3, 2023. 

The auto component company has set the Divgi TorqTransfer Systems IPO price band at ₹560 to ₹590 per equity share. 

The public issue is proposed for listing on both the BSE and NSE, with the tentative date for Divgi TorqTransfer Systems share listing being March 14, 2023.

"Meanwhile, ahead of the Divgi TorqTransfer Systems IPO opening, the grey market is indicating positive signals for this public issue. 

According to market observers, shares of Divgi TorqTransfer Systems Ltd are currently trading at a premium of ₹60 per equity share in the grey market

This means that the Divgi TorqTransfer Systems IPO's grey market premium (GMP) today is ₹60, which is quite healthy given that the stock market sentiments are quite low, and key benchmark indices of the Indian stock market have been under selling pressure for the last seven sessions. 

Experts have said that once there is a trend reversal on Dalal Street, grey market sentiments may further improve regarding the Divgi TorqTransfer Systems IPO.

Divgi Metalwares Private Limited, the predecessor to Divgi TorqTransfer Systems, was founded in 1984. The business creates torque couplers, dual-clutch automatic transmission solutions, and system-level transfer cases as one of the top players in the automotive component market

The business serves clients from the newer generation, including Toyota, Mahindra & Mahindra, and Tata Motors. 

The business has established a solid reputation as a reliable supplier to clients in the east—China, Thailand, Korea, and Japan—as well as the west—the UK and the USA.

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