The Dhoot Transmission Initial Public Offering (IPO) closed its bidding period on August 12, 2026, drawing an overwhelming response from investors. The issue, which offered shares in a price band of Rs 829-871 apiece, received approximately 53.07 lakh applications, leading to an overall subscription of 74.21 times.
The Pune-based electrical and electronics company aimed to raise Rs 3,067 crore through a combination of fresh share sales and an offer-for-sale. The robust demand has led to significant interest in the allotment status and potential listing gains.
Subscription Details and Investor Demand
Investor categories showed strong participation across the board:
- Qualified Institutional Bidders (QIBs): This segment was subscribed a remarkable 212.92 times.
- Non-Institutional Investors (NIIs): NIIs showed substantial interest, booking their quota 51.93 times.
- Retail Bidders: The retail portion was subscribed 8.12 times.
- Employees: The employee quota also saw healthy demand, subscribed 8.14 times.
The high oversubscription rates indicate intense competition for Dhoot Transmission shares.
Allotment Probability and Odds
Given the significant oversubscription, the odds of allotment vary by investor category:
- Big HNI Category: Approximately 1 in 12 investors (8.33% probability) are expected to receive 238 shares.
- Small HNI Category: The probability for small HNI investors is lower, with about 1 in 77 investors (1.30% probability) getting 238 shares.
- Retail Category: For retail investors, the odds are around 2 in 13 (15.38% probability) to secure 17 shares.
The basis of allotment is likely to be finalized on Thursday, August 13, 2026. Successful applicants can expect debit messages, alerts, or emails regarding their funds by Friday, August 14, or over the weekend.
Grey Market Premium (GMP) and Listing Expectations
The Grey Market Premium (GMP) for Dhoot Transmission shares has seen an uptick following the strong bidding. The latest reports indicate a GMP of Rs 275-280 per share, up from Rs 250-255 over the weekend. This suggests a potential listing gain of 31-32 percent for investors, despite muted broader market sentiments.
Company Profile and Listing Details
Established in April 1998, Dhoot Transmission specializes in the design, engineering, manufacturing, and supply of wiring harnesses and electrical distribution systems for both automotive and non-automotive applications. The company offers a diverse product portfolio.
The shares of Dhoot Transmission are slated to be listed on both BSE Ltd and NSE on Monday, August 17, 2026. Refunds for unsuccessful bidders are expected by Friday, August 14, or over the weekend.
How to Check Dhoot Transmission IPO Allotment Status
Investors who applied for the Dhoot Transmission IPO can check their allotment status through the following methods:
On the BSE Website:
- Visit the official BSE website for investor applications.
- Under 'Issue Type,' select 'Equity.'
- From the 'Issue Name' dropdown, choose 'Dhoot Transmission Limited.'
- Enter your application number and PAN card ID.
- Complete the 'I am not a Robot' verification and click 'Search.'
On the NSE Website:
- Navigate to the NSE website's investor section.
- Select 'Equity & SME IPO Bid details.'
- Under 'Select Symbol,' choose 'DHOOTTRANS.'
- Provide your PAN No. and Application No.
- Click 'Submit' to view your status.
Via KFin Technologies (Registrar):
- Go to the KFin Technologies Limited web portal for IPO status.
- Select the Dhoot Transmission IPO from the dropdown (it will appear once allotment is finalized).
- Choose one of three modes: Application number, Demat Account number, or PAN ID.
- Select 'ASBA' or 'non-ASBA' for application type.
- Enter the required details for your chosen mode.
- Fill in the captcha accurately and click 'Submit.'
Axis Capital, Jefferies India, Kotak Mahindra Capital, Nomura Financial Advisory (India), SBI Capital, and 360 One WAM are the book-running lead managers for the IPO, with Kfin Technologies serving as the registrar.