Dhoot Transmission Limited IPO — Subscription & GMP

listedMainboardBOTHNSE: DHOOTTRANSBSE: DHOOTTRANSBSE code: 4727
Grey market premiumat close
+₹243
final quote · 12 Aug 2026 · bidding closed
Implied listing gainat close
+27.90%
implies ₹1,114 on listing
Subscribed
50.03×
exchange data · 4 hr ago
Min. investment
₹14,807
17 shares × ₹871
Price band
₹829 – ₹871
Lot size
17
Issue size
₹2,173.7 Cr
Bidding
10 Aug 2026 → 12 Aug 2026
Allotment
13 Aug 2026
Listing
17 Aug 2026

Listing outcome

Official exchange prices
Listed at₹1,200vs ₹871 issue price
+37.77%listing gain
Grey market prediction vs reality
GMP implied+27.90%
Actually listed+37.77%

GMP was out by 9.9 percentage points in the buyer’s favour — it implied +27.90% and the issue listed +37.77%. Counted in our running GMP accuracy record.

Listing date17 Aug 2026
Day 1 close₹1,187 (-1.08%)
GMP at close of bidding₹243 premium
SourceExchange bhavcopy

Schedule

  1. 10 Aug 2026IPO open date
  2. 12 Aug 2026IPO close date
  3. 13 Aug 2026Allotment date
  4. 14 Aug 2026Funds unblock or debit
  5. 17 Aug 2026Tentative listing date

Fundamentals

The business, its valuation and returns

Dhoot Transmission Limited operates as a global Tier-1 B2B supplier of critical electrical and electronic systems for automotive and industrial Original Equipment Manufacturers (OEMs).

Its flagship product is wiring harnesses—where it holds a dominant market share in India for two- and three-wheelers—complemented by a rapidly expanding portfolio of Electric Vehicle (EV) components. The company secures long-term OEM relationships and high customer retention through a strategy of end-to-end co-development (which creates high switching costs), backward integration of raw materials, and a global network of 23 manufacturing facilities strategically located close to its customers' plants.

RoNW
16.55%
latest reported year · strong above 15%
PAT margin
8.77%
net profit as a share of revenue
Debt / equity
0.35×
lower is safer · above 1.5× is leveraged
Revenue
4,524.96 Cr
PAT ₹396.84 Cr
MetricPre-issuePost-issue
EPS₹24.40
P/E ratio at cap price35.70×
NAV per share₹149.74

Promoter holding pre/post issue is in the offer document but we do not yet extract it. Left blank rather than estimated.

Read from the company’s offer document filed with SEBI. Figures are the latest reported financial year, as restated in that filing.

Figures are as reported and not independently audited, and are read 7 d ago.

GMP is unofficial. Grey Market Premium is quoted by private dealers outside the exchange mechanism and is not recognised or regulated by SEBI. Figures vary by source, can change within minutes, and frequently diverge from actual listing prices. UpcomingIPO publishes GMP as market information only — this is not investment advice and not a recommendation to apply for any issue.

Grey market premium

Unofficial · not from any exchange
No grey market premium is being quoted for this issue. Unlike subscription, GMP has no official source — when dealers are not quoting it, there is nothing to report.

Subscription status

Live from NSE · fetched 4 hr ago
Overall subscribed
50.03×
exchange data, 4 hr ago
QIB
137.79×
95.07 Cr of 69.00 L shares
NII
41.15×
22.19 Cr of 53.93 L shares
Retail
6.00×
7.55 Cr of 1.26 Cr shares
CategoryShares offeredShares bid forSubscribed
1Qualified Institutional Buyers(QIBs)69.00 L95.07 Cr137.79×
1(a)Foreign Institutional Investors(FIIs)20.48 Cr
1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)53.53 Cr
1(c)Mutual funds6.63 Cr
1(d)Others14.44 Cr
2Non Institutional Investors53.93 L22.19 Cr41.15×
2.1Non Institutional Investors(Bid amount of more than Ten Lakh Rupees)35.95 L16.84 Cr46.85×
2.1(a)Corporates18.01 L
2.1(b)Individuals(Other than RIIs)15.76 Cr
2.2Non Institutional Investors(Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees)17.98 L5.35 Cr29.75×
3Retail Individual Investors(RIIs)1.26 Cr7.55 Cr6.00×
3(a)Cut Off6.38 Cr
3(b)Price bids1.17 Cr
4Employees80,1064.96 L6.19×
4(b)Price Bids1.00 L
Total2.50 Cr124.86 Cr50.03×

Source: NSE issue information · BSE public issue

Demand curve

Shares bid at each price point · BSE

₹829₹871 · peak 185.28 Cr shares bid

Anchor investors

From NSE's anchor allocation filing

Anchor investors are institutions allotted shares one working day before public bidding opens, in exchange for a lock-in. Up to 60% of the QIB portion can go to them, which reduces the QIB shares left for everyone else — and their participation is widely read as a confidence signal.

Anchor allocation
1.05 Cr
shares placed with anchors
Anchor price
₹871
per share
Amount raised
₹918.27 Cr
from anchor investors
Investors
72
largest 5.99%
#Anchor investorShares% of anchorAmount
1SBI MULTICAP FUND6.31 L5.99%₹55.00 Cr
2SBI AUTOMOTIVE OPPORTUNITIES FUND2.87 L2.72%₹25.00 Cr
3ICICI PRUDENTIAL SMALLCAP FUND8.23 L7.81%₹71.73 Cr
4ISIF EQUITY LONG-SHORT FUND31,6710.30%₹2.76 Cr
5ISIF EQUITY EX-TOP 100 LONG-SHORT FUND63,3420.60%₹5.52 Cr
6HDFC MUTUAL FUND-HDFC MANUFACTURING FUND2.30 L2.18%₹20.00 Cr
7HDFC MUTUAL FUND-HDFC BUSINESS CYCLE FUND2.30 L2.18%₹20.00 Cr
8HDFC MUTUAL FUND-HDFC INNOVATION FUND1.10 L1.05%₹9.60 Cr
9HDFC MUTUAL FUND-HDFC TRANSPORTATION AND LOGISTICS Fund3.03 L2.88%₹26.40 Cr
10HDFC MUTUAL FUND-HDFC CONSUMPTION FUND45,9340.44%₹4.00 Cr
11BLACKROCK GLOBAL FUNDS-INDIA FUND3.67 L3.48%₹31.96 Cr
12BLACKROCK EMERGING FRONTIERS MASTER FUND LIMITED3.22 L3.05%₹28.04 Cr
13ASHOKA WHITEOAK ICAV-ASHOKA WHITEOAK EMERGING MARKETS EQUITY FUND5.17 L4.90%₹45.00 Cr
14ABU DHABI INVESTMENT AUTHORITY-STABLE4.02 L3.81%₹35.00 Cr
15ABU DHABI INVESTMENT AUTHORITY-MONSOON1.72 L1.63%₹15.00 Cr
16AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C Fund AXIS MULTICAP FUND89,5390.85%₹7.80 Cr
17AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C Fund AXIS INDIA MANUFACTURING FUND44,7610.42%₹3.90 Cr
18AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C Fund 8,987,849 AXIS INNOVATION FUND10,3190.10%₹0.00 Cr
19AXIS MUTUAL FUND TRUSTEE LTD. A/CAXIS MUTUAL FUND A/C AXIS Fund MULTI ASSET ALLOCATION FUND20,6550.20%₹1.80 Cr
20AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C Fund AXIS SMALL CAP FUND2.45 L2.32%₹21.31 Cr
21AXIS MUTUAL FUND TRUSTEE LTD A/C AXIS MUTUAL FUND A/C AXIS Fund FLEXI CAP FUND1.07 L1.01%₹9.30 Cr
22MIRAE ASSET FOCUSED FUND MIRAEFFD Fund5.17 L4.90%₹45.00 Cr
23NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON POWER & INFRA FUND1.72 L1.63%₹15.00 Cr
24NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA VALUE FUND1.72 L1.63%₹15.00 Cr
25GOVERNMENT PENSION FUND GLOBAL1.72 L1.63%₹15.00 Cr
26PICTET-INDIAN EQUITIES2.30 L2.18%₹20.00 Cr
27AMUNDI FUNDS NEW SILK ROAD1.72 L1.63%₹15.00 Cr
28AMUNDI FUNDS ASIA EQUITY FOCUS57,4090.54%₹5.00 Cr
29ALLIANZ GLOBAL INVESTORS FUND- ALLIANZ INDIA EQUITY2.30 L2.18%₹20.00 Cr
30FRANKLIN INDIA BALANCED ADVANTAGE FUND2.30 L2.18%₹20.00 Cr
31TATA FLEXI CAP FUND96,6790.92%₹8.42 Cr
32TITANIUM HYBRID LONG-SHORT FUND12,0700.11%₹1.05 Cr
33TATA DIVIDEND YIELD FUND24,2080.23%₹2.11 Cr
34TATA MUTUAL FUND-TATA ELSS FUND96,6790.92%₹8.42 Cr
35INVESCO INDIA MANUFACTURING FUND1.72 L1.63%₹15.00 Cr
36SUMMIT EQUITY LONG-SHORT FUND57,4090.54%₹5.00 Cr
37CANARA ROBECO MUTUAL FUND A/C CANARA ROBECO MULTI CAP FUND2.30 L2.18%₹20.00 Cr
38UTI MULTI CAP FUND91,8510.87%₹8.00 Cr
39UTI-TRANSPORTATION AND LOGISTICS FUND1.38 L1.31%₹12.00 Cr
40PGIM INDIA TRUSTEE PRIVATE LIMITED A/C-PGIM INDIA MULTI CAP Fund34,4590.33%₹3.00 Cr
41PGIM INDIA TRUSTEE PRIVATE LIMITED A/C-PGIM INDIA Fund RETIREMENT FUND8,1090.08%₹0.71 Cr
42PGIM INDIA TRUSTEE PRIVATE LIMITED A/C-PGIM INDIA SMALL Fund CAP FUND1.30 L1.23%₹11.29 Cr
43HSBC MUTUAL FUND-HSBC FLEXI CAP FUND54,5020.52%₹4.75 Cr
44HSBC MUTUAL FUND-HSBC SMALL CAP FUND54,5020.52%₹4.75 Cr
45HSBC MUTUAL FUND-HSBC AGGRESSIVE HYBRID FUND43,6050.41%₹3.80 Cr
46HSBC MUTUAL FUND-HSBC CONSUMPTION FUND19,6180.19%₹1.71 Cr
47SUNDARAM MUTUAL FUND A/C SUNDARAM SMALL CAP FUND1.72 L1.63%₹15.00 Cr
48SBI LIFE INSURANCE CO. LTD2.30 L2.18%₹20.00 Cr
49HDFC LIFE INSURANCE COMPANY LIMITED2.30 L2.18%₹20.00 Cr
50ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED2.30 L2.18%₹20.00 Cr
51AXIS MAX LIFE INSURANCE LIMITED PENSION PRESERVER FUND(ULIF01815/02/13PENSPRESER1041,1390.01%₹0.10 Cr
52AXIS MAX LIFE INSURANCE LIMITED A/C-ULIF00625/11/05PENSBALANC104 -PENSION BALANCED FUND1,1390.01%₹0.10 Cr
53AXIS MAX LIFE INSURANCE LIMITED GROUP GRATUITY BALANCED FUND2,2950.02%₹0.20 Cr
54ULGF00217/04/06GRATBALANC104- AXIS MAX LIFE INSURANCE LIMITED A/C UMFPH-HIGH GROWTH PENSION FUND3,4340.03%₹0.30 Cr
55AXIS MAX LIFE INSURANCE LIMITED A/C UHG2S-INDIA CONSUMPTION OPPORTUNITIES FUND3,4340.03%₹0.30 Cr
56AXIS MAX LIFE INSURANCE LIMITED A/C UEGFH-HIGH GROWTH FUND II36,1440.34%₹3.15 Cr
57AXIS MAX LIFE INSURANCE LIMITED A/C-ULIF00225/06/04LIFEBALANC104- BALANCED FUND36,1420.34%₹3.15 Cr
58AXIS MAX LIFE INSURANCE LIMITED A/C SUSTAINABLE EQUITY FUND- ULIF02505/10/21SUSTAINEQU10434,4420.33%₹3.00 Cr
59MOTILAL OSWAL LARGE CAP FUND1.38 L1.31%₹12.00 Cr
60MOTILAL OSWAL INNOVATION OPPORTUNITIES FUND91,8510.87%₹8.00 Cr
61BANDHAN TRANSPORTATION AND LOGISTICS FUND57,4090.54%₹5.00 Cr
62BANDHAN MIDCAP FUND57,4090.54%₹5.00 Cr
63BANDHAN LARGE CAP FUND57,4090.54%₹5.00 Cr
64EDELWEISS TRUSTEESHIP CO LTD AC -EDELWEISS MF AC-EDELWEISS Fund EQUITY SAVINGS FUND28,7130.27%₹2.50 Cr
65EDELWEISS TRUSTEESHIP CO LTD AC -EDELWEISS MF AC-EDELWEISS Fund RECENTLY LISTED IPO FUND28,6960.27%₹2.50 Cr
66EDELWEISS BUSINESS CYCLE FUND1.15 L1.09%₹10.00 Cr
673P INDIA EQUITY FUND 1M2.30 L2.18%₹20.00 Cr
68BAJAJ LIFE INSURANCE LIMITED1.15 L1.09%₹10.00 Cr
69ONE LVF TREASURY SOLUTIONS FUND1.15 L1.09%₹10.00 Cr
70BAJAJ FINSERV CONSUMPTION FUND87,7890.83%₹7.65 Cr
71TAKSH INDIA ENTERPRISING FUND87,7890.83%₹7.65 Cr
72CHARTERED FINANCE & LEASING LIMITED .87,7890.83%₹7.65 Cr

Read from NSE's anchor allocation report · 2 d ago. Published only because the 72 rows reconcile exactly against the 1.05 Cr shares the filing itself declares.

Equity split

Fresh equity vs offer for sale
₹1.40k Crto the company
Fresh equitynew capital, into the company's books
₹1.40k Cr 45.6%
Offer for saleto selling shareholders — the company receives nothing
₹1.67k Cr 54.4%
Total issue size
₹3.07k Cr

Read from the issue size stated in NSE's filing.

Objects of the issue

Where the fresh issue proceeds go

These add up to ₹1,400 Cr, the whole of the fresh issue. Only the fresh issue has objects — money raised in an offer for sale goes to the selling shareholders and never reaches the company. Compiled from the offer document by Zerodha; the prospectus is the authoritative version.

News about this IPO

All IPO news →

Allotment status

Basis of allotment 13 Aug 2026

You will need your PAN, application number or DP/client ID. These links go to the registrar and exchanges directly — UpcomingIPO never asks for those details.

Issue details

Price band
₹829 – ₹871
Lot size
17 shares
Min. bid quantity
17
Face value
₹2.00
Tick size
₹1.00
Shares offered
2.50 Cr
Issue size
₹2173.7 Cr
Max bid · QIB
2.49 Cr
Max bid · NII
1.80 Cr
Employee discount
Employee Discount of Rs 80 to Eligible Employees

Timeline & process

Bidding opens
10 Aug 2026
Bidding closes
12 Aug 2026
Bidding hours
10.00 am to 5.00 pm
UPI mandate cutoff
12-August-2026 (Upto 5.00 pm)
Allotment
13 Aug 2026
Listing
17 Aug 2026

Intermediaries

Registrar
KFin Technologies Limited
Sponsor bank
AXIS BANK
Lead managers
Axis Capital Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory and Securities (India) Private Limited, SBI Capital Markets Limited, 360 ONE WAM Limited

Documents

Price band notice
PDF
Prospectus
View