Now Reading: Dhoot Transmission IPO ends fully subscribed on Day 3
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Dhoot Transmission IPO ends fully subscribed on Day 3
Dhoot Transmission's Rs 3,067-crore IPO closes today, August 12, 2026. The issue was booked 10.09 times on the final day, with Non-Institutional Investors leading at 31.36 times and retail individual investors at…
The Story in Brief
Dhoot Transmission's Rs 3,067-crore IPO closes today, August 12, 2026. The issue was booked 10.09 times on the final day, with Non-Institutional Investors leading at 31.36 times and retail individual investors at 5.41 times. Qualified Institutional Buyers subscribed only 2.04 times. The price band is Rs 829, 871 per share.
The grey market premium is around Rs 258, suggesting a listing gain of nearly 30%. Shares are expected to debut on August 17. Proceeds from the fresh issue of Rs 1,400 crore will largely repay debt, invest in subsidiaries, and set up wiring harness plants in Haryana and Tamil Nadu. Anchor investors, including BlackRock and Abu Dhabi Investment Authority, contributed Rs 918 crore.
The Indian Opinion
The hype around this IPO is tempered by reality: QIBs, usually the smart money, subscribed only 2.04 times despite strong retail and HNI demand. The grey market premium, while healthy, has fluctuated. Promoters Bain Capital and Mangalam Capital are selling shares worth Rs 1,667 crore, diluting existing holdings. The company’s plan to use funds largely for debt reduction shows solid intent. Watch the listing price on August 17, it will test whether the enthusiasm holds or fizzles.
Sources (2): ndtvprofit.com, economictimes.indiatimes.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
