Dhoot Transmission Limited IPO — Subscription & GMP
- 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 pricesGMP 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.
Schedule
- 10 Aug 2026IPO open date
- 12 Aug 2026IPO close date
- 13 Aug 2026Allotment date
- 14 Aug 2026Funds unblock or debit
- 17 Aug 2026Tentative listing date
Fundamentals
The business, its valuation and returnsDhoot 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.
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS | ₹24.40 | — |
| P/E ratio | 35.70× | — |
| 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.
Grey market premium
Unofficial · not from any exchangeSubscription status
Live from NSE · fetched 4 hr ago| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| 1Qualified Institutional Buyers(QIBs) | 69.00 L | 95.07 Cr | 137.79× |
| 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 funds | — | 6.63 Cr | — |
| 1(d)Others | — | 14.44 Cr | — |
| 2Non Institutional Investors | 53.93 L | 22.19 Cr | 41.15× |
| 2.1Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | 35.95 L | 16.84 Cr | 46.85× |
| 2.1(a)Corporates | — | 18.01 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 L | 5.35 Cr | 29.75× |
| 3Retail Individual Investors(RIIs) | 1.26 Cr | 7.55 Cr | 6.00× |
| 3(a)Cut Off | — | 6.38 Cr | — |
| 3(b)Price bids | — | 1.17 Cr | — |
| 4Employees | 80,106 | 4.96 L | 6.19× |
| 4(b)Price Bids | — | 1.00 L | — |
| Total | 2.50 Cr | 124.86 Cr | 50.03× |
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 filingAnchor 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 investor | Shares | % of anchor | Amount |
|---|---|---|---|---|
| 1 | SBI MULTICAP FUND | 6.31 L | 5.99% | ₹55.00 Cr |
| 2 | SBI AUTOMOTIVE OPPORTUNITIES FUND | 2.87 L | 2.72% | ₹25.00 Cr |
| 3 | ICICI PRUDENTIAL SMALLCAP FUND | 8.23 L | 7.81% | ₹71.73 Cr |
| 4 | ISIF EQUITY LONG-SHORT FUND | 31,671 | 0.30% | ₹2.76 Cr |
| 5 | ISIF EQUITY EX-TOP 100 LONG-SHORT FUND | 63,342 | 0.60% | ₹5.52 Cr |
| 6 | HDFC MUTUAL FUND-HDFC MANUFACTURING FUND | 2.30 L | 2.18% | ₹20.00 Cr |
| 7 | HDFC MUTUAL FUND-HDFC BUSINESS CYCLE FUND | 2.30 L | 2.18% | ₹20.00 Cr |
| 8 | HDFC MUTUAL FUND-HDFC INNOVATION FUND | 1.10 L | 1.05% | ₹9.60 Cr |
| 9 | HDFC MUTUAL FUND-HDFC TRANSPORTATION AND LOGISTICS Fund | 3.03 L | 2.88% | ₹26.40 Cr |
| 10 | HDFC MUTUAL FUND-HDFC CONSUMPTION FUND | 45,934 | 0.44% | ₹4.00 Cr |
| 11 | BLACKROCK GLOBAL FUNDS-INDIA FUND | 3.67 L | 3.48% | ₹31.96 Cr |
| 12 | BLACKROCK EMERGING FRONTIERS MASTER FUND LIMITED | 3.22 L | 3.05% | ₹28.04 Cr |
| 13 | ASHOKA WHITEOAK ICAV-ASHOKA WHITEOAK EMERGING MARKETS EQUITY FUND | 5.17 L | 4.90% | ₹45.00 Cr |
| 14 | ABU DHABI INVESTMENT AUTHORITY-STABLE | 4.02 L | 3.81% | ₹35.00 Cr |
| 15 | ABU DHABI INVESTMENT AUTHORITY-MONSOON | 1.72 L | 1.63% | ₹15.00 Cr |
| 16 | AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C Fund AXIS MULTICAP FUND | 89,539 | 0.85% | ₹7.80 Cr |
| 17 | AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C Fund AXIS INDIA MANUFACTURING FUND | 44,761 | 0.42% | ₹3.90 Cr |
| 18 | AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C Fund 8,987,849 AXIS INNOVATION FUND | 10,319 | 0.10% | ₹0.00 Cr |
| 19 | AXIS MUTUAL FUND TRUSTEE LTD. A/CAXIS MUTUAL FUND A/C AXIS Fund MULTI ASSET ALLOCATION FUND | 20,655 | 0.20% | ₹1.80 Cr |
| 20 | AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C Fund AXIS SMALL CAP FUND | 2.45 L | 2.32% | ₹21.31 Cr |
| 21 | AXIS MUTUAL FUND TRUSTEE LTD A/C AXIS MUTUAL FUND A/C AXIS Fund FLEXI CAP FUND | 1.07 L | 1.01% | ₹9.30 Cr |
| 22 | MIRAE ASSET FOCUSED FUND MIRAEFFD Fund | 5.17 L | 4.90% | ₹45.00 Cr |
| 23 | NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON POWER & INFRA FUND | 1.72 L | 1.63% | ₹15.00 Cr |
| 24 | NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA VALUE FUND | 1.72 L | 1.63% | ₹15.00 Cr |
| 25 | GOVERNMENT PENSION FUND GLOBAL | 1.72 L | 1.63% | ₹15.00 Cr |
| 26 | PICTET-INDIAN EQUITIES | 2.30 L | 2.18% | ₹20.00 Cr |
| 27 | AMUNDI FUNDS NEW SILK ROAD | 1.72 L | 1.63% | ₹15.00 Cr |
| 28 | AMUNDI FUNDS ASIA EQUITY FOCUS | 57,409 | 0.54% | ₹5.00 Cr |
| 29 | ALLIANZ GLOBAL INVESTORS FUND- ALLIANZ INDIA EQUITY | 2.30 L | 2.18% | ₹20.00 Cr |
| 30 | FRANKLIN INDIA BALANCED ADVANTAGE FUND | 2.30 L | 2.18% | ₹20.00 Cr |
| 31 | TATA FLEXI CAP FUND | 96,679 | 0.92% | ₹8.42 Cr |
| 32 | TITANIUM HYBRID LONG-SHORT FUND | 12,070 | 0.11% | ₹1.05 Cr |
| 33 | TATA DIVIDEND YIELD FUND | 24,208 | 0.23% | ₹2.11 Cr |
| 34 | TATA MUTUAL FUND-TATA ELSS FUND | 96,679 | 0.92% | ₹8.42 Cr |
| 35 | INVESCO INDIA MANUFACTURING FUND | 1.72 L | 1.63% | ₹15.00 Cr |
| 36 | SUMMIT EQUITY LONG-SHORT FUND | 57,409 | 0.54% | ₹5.00 Cr |
| 37 | CANARA ROBECO MUTUAL FUND A/C CANARA ROBECO MULTI CAP FUND | 2.30 L | 2.18% | ₹20.00 Cr |
| 38 | UTI MULTI CAP FUND | 91,851 | 0.87% | ₹8.00 Cr |
| 39 | UTI-TRANSPORTATION AND LOGISTICS FUND | 1.38 L | 1.31% | ₹12.00 Cr |
| 40 | PGIM INDIA TRUSTEE PRIVATE LIMITED A/C-PGIM INDIA MULTI CAP Fund | 34,459 | 0.33% | ₹3.00 Cr |
| 41 | PGIM INDIA TRUSTEE PRIVATE LIMITED A/C-PGIM INDIA Fund RETIREMENT FUND | 8,109 | 0.08% | ₹0.71 Cr |
| 42 | PGIM INDIA TRUSTEE PRIVATE LIMITED A/C-PGIM INDIA SMALL Fund CAP FUND | 1.30 L | 1.23% | ₹11.29 Cr |
| 43 | HSBC MUTUAL FUND-HSBC FLEXI CAP FUND | 54,502 | 0.52% | ₹4.75 Cr |
| 44 | HSBC MUTUAL FUND-HSBC SMALL CAP FUND | 54,502 | 0.52% | ₹4.75 Cr |
| 45 | HSBC MUTUAL FUND-HSBC AGGRESSIVE HYBRID FUND | 43,605 | 0.41% | ₹3.80 Cr |
| 46 | HSBC MUTUAL FUND-HSBC CONSUMPTION FUND | 19,618 | 0.19% | ₹1.71 Cr |
| 47 | SUNDARAM MUTUAL FUND A/C SUNDARAM SMALL CAP FUND | 1.72 L | 1.63% | ₹15.00 Cr |
| 48 | SBI LIFE INSURANCE CO. LTD | 2.30 L | 2.18% | ₹20.00 Cr |
| 49 | HDFC LIFE INSURANCE COMPANY LIMITED | 2.30 L | 2.18% | ₹20.00 Cr |
| 50 | ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED | 2.30 L | 2.18% | ₹20.00 Cr |
| 51 | AXIS MAX LIFE INSURANCE LIMITED PENSION PRESERVER FUND(ULIF01815/02/13PENSPRESER104 | 1,139 | 0.01% | ₹0.10 Cr |
| 52 | AXIS MAX LIFE INSURANCE LIMITED A/C-ULIF00625/11/05PENSBALANC104 -PENSION BALANCED FUND | 1,139 | 0.01% | ₹0.10 Cr |
| 53 | AXIS MAX LIFE INSURANCE LIMITED GROUP GRATUITY BALANCED FUND | 2,295 | 0.02% | ₹0.20 Cr |
| 54 | ULGF00217/04/06GRATBALANC104- AXIS MAX LIFE INSURANCE LIMITED A/C UMFPH-HIGH GROWTH PENSION FUND | 3,434 | 0.03% | ₹0.30 Cr |
| 55 | AXIS MAX LIFE INSURANCE LIMITED A/C UHG2S-INDIA CONSUMPTION OPPORTUNITIES FUND | 3,434 | 0.03% | ₹0.30 Cr |
| 56 | AXIS MAX LIFE INSURANCE LIMITED A/C UEGFH-HIGH GROWTH FUND II | 36,144 | 0.34% | ₹3.15 Cr |
| 57 | AXIS MAX LIFE INSURANCE LIMITED A/C-ULIF00225/06/04LIFEBALANC104- BALANCED FUND | 36,142 | 0.34% | ₹3.15 Cr |
| 58 | AXIS MAX LIFE INSURANCE LIMITED A/C SUSTAINABLE EQUITY FUND- ULIF02505/10/21SUSTAINEQU104 | 34,442 | 0.33% | ₹3.00 Cr |
| 59 | MOTILAL OSWAL LARGE CAP FUND | 1.38 L | 1.31% | ₹12.00 Cr |
| 60 | MOTILAL OSWAL INNOVATION OPPORTUNITIES FUND | 91,851 | 0.87% | ₹8.00 Cr |
| 61 | BANDHAN TRANSPORTATION AND LOGISTICS FUND | 57,409 | 0.54% | ₹5.00 Cr |
| 62 | BANDHAN MIDCAP FUND | 57,409 | 0.54% | ₹5.00 Cr |
| 63 | BANDHAN LARGE CAP FUND | 57,409 | 0.54% | ₹5.00 Cr |
| 64 | EDELWEISS TRUSTEESHIP CO LTD AC -EDELWEISS MF AC-EDELWEISS Fund EQUITY SAVINGS FUND | 28,713 | 0.27% | ₹2.50 Cr |
| 65 | EDELWEISS TRUSTEESHIP CO LTD AC -EDELWEISS MF AC-EDELWEISS Fund RECENTLY LISTED IPO FUND | 28,696 | 0.27% | ₹2.50 Cr |
| 66 | EDELWEISS BUSINESS CYCLE FUND | 1.15 L | 1.09% | ₹10.00 Cr |
| 67 | 3P INDIA EQUITY FUND 1M | 2.30 L | 2.18% | ₹20.00 Cr |
| 68 | BAJAJ LIFE INSURANCE LIMITED | 1.15 L | 1.09% | ₹10.00 Cr |
| 69 | ONE LVF TREASURY SOLUTIONS FUND | 1.15 L | 1.09% | ₹10.00 Cr |
| 70 | BAJAJ FINSERV CONSUMPTION FUND | 87,789 | 0.83% | ₹7.65 Cr |
| 71 | TAKSH INDIA ENTERPRISING FUND | 87,789 | 0.83% | ₹7.65 Cr |
| 72 | CHARTERED FINANCE & LEASING LIMITED . | 87,789 | 0.83% | ₹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- Fresh equity
- ₹1.40k Cr 45.6%
- Offer for sale
- ₹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- Repay or prepay outstanding borrowings of the Company₹464.80 Cr33.2%
- Invest in subsidiaries (DAPL, DESPL, DASPL, DTUL) to repay their outstanding borrowings₹301.77 Cr21.6%
- Set up new wiring harness manufacturing plants in Jhajjar (Haryana) and Hosur (Tamil Nadu)₹150.00 Cr10.7%
- Fund unidentified inorganic acquisitions and general corporate purposes₹483.43 Cr34.5%
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 2026You 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