Here's How Much Infosys Co-Founder Nandan Nilekani Is Set To Make From Divig Torq IPO

Divig Torqtransfer IPO received an overwhelming response from investors as the IPO was subscribed 5.44 times when the bidding ended on March 3. The IPO’s retail segment was subscribed 4.31 times, the Non-Institutional Investors (NII) portion was subscribed around 1.4 times, and the Qualified Institutional Buyers (QIBs) segment, which did not see much action until the last day of bidding, was subscribed 7.83 times.

The auto component maker's ₹412 crore IPO is scheduled to list on the exchanges on March 14 and the allotment date is March 9. After the overwhelming response the stock’s grey market premium (GMP) – which gives an idea about the stock's demand – climbed up to ₹72.

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So, with the IPO looking like a success, here’s how much Infosys co-founder Nandan Nilekani stands to make.

Nilekani’s family trust NRJN Family Trust has an 8.7% stake in the company with 23.94 lakh shares, out of which it will offload 14.4 lakh shares.

According to Divig Torqtransfer’s regulatory filing, the trust acquired these shares at the price of ₹125.28. So, to buy 14.4 lakh shares at that price, the trust would have had to shell out ₹18.04 crore.

If we take the IPO upper price band of ₹590 as reference, Nilekani’s ₹18.04 crore investment will turn to ₹84.9 crore, resulting in an ₹66.9 crore profit — a massive 370% return on investment.

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