The Divgi TorqTransfer Systems offer had 38,41,800 shares on offer and received bids for 2,08,87,225 shares.
The issue opened on 1 March 2023 and closed on 3 March 2023, with the price band fixed at Rs 560-590 per share.
Divgi proposes to utilize Rs 150.71 crore to fund capital expenditure requirements for the purchase of equipments of its manufacturing facilities and balance towards general corporate purposes.
In the run up to the IPO, Divgi TorqTransfer Systems had raised Rs 185.45 crore from 12 anchor investors, allotting 31.43 lakh shares at Rs 590 each.