What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Divgi TorqTransfer Systems Limited IPO?

Based on the upper price band of ₹590 and current GMP of ₹8, the estimated listing price is ₹598 (approx. 1.4% gain).

What is the expected profit per lot for Divgi TorqTransfer Systems Limited IPO?

With a lot size of 25 shares and current GMP of ₹8, expected profit per retail application lot is approximately ₹200.

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Grey Market Intelligence

Divgi TorqTransfer Systems Limited

ListedMainboard

Automobile & Auto Components · NSE / BSE

Incorporated in 1964, Divgi TorqTransfer Systems Limited is a leading automotive component manufacturer in India, specializing in system-level transfer cases, torque couplers, and dual-clutch automatic transmission (DCT) solutions. The company is one of the largest suppliers of transfer case systems to passenger vehicle OEMs in India and the only Indian manufacturer exporting transfer cases to global OEMs. Its product portfolio includes torque transfer systems (4WD and AWD), synchronizer systems for manual and DCT transmissions, and components for these systems, including EV applications. Additionally, Divgi has developed advanced solutions such as transmission systems for EVs, DCT systems, and rear-wheel-drive manual transmissions, positioning itself as a comprehensive systems-level solution provider and component supplier to both domestic and international automotive manufacturers

Price Band

₹560 – ₹590

Issue Size

₹412 Cr

Lot Size

25 shares

GMP

₹8

+1.4%

Est. Listing

₹598

at current GMP

Subscribed

5.44x

overall

Open

1 Mar 2023

3 Mar 2023

Allotment

9 Mar 2023

Refund

10 Mar 2023

Demat Credit

11 Mar 2023

Listing

14 Mar 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Divgi TorqTransfer Systems Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹8+1.4%

Issue Price (Upper)

₹590

Band: ₹560 – ₹590

Estimated Listing Price

₹598

Upper price + GMP

Lot Size

25 shares

Min investment ₹14,750

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹8	1.4%	₹598
30 Oct 2026	+₹8	1.4%	₹598
29 Oct 2026	+₹7	1.2%	₹597

About Divgi TorqTransfer Systems Limited Public Issue & Market Profile

Divgi TorqTransfer Systems Limited is bringing an initial public offering (IPO) in the Automobile & Auto Components sector with an aggregate issue size of ₹412.12 Crores. The shares are offered at a price band of ₹560 to ₹590 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Pricing Context:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 25 shares (approx. ₹14,750 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Basis of Allotment & Listing Timeline:

Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-03-11, while un-allotted funds or UPI block mandates will be released on 2023-03-10.

Frequently Asked Questions

What is Divgi TorqTransfer Systems Limited IPO GMP today?

The latest grey market premium for Divgi TorqTransfer Systems Limited IPO is ₹8, which indicates an expected listing price of ₹598.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.