Dhoot Transmission came to market through an IPO that opened on 10 August 2026 and closed on 12 August 2026, and the shares listed on 17 August 2026 on BSE, NSE. The price band was ₹829 to ₹871 per share and one lot was 17 shares, so the minimum application was ₹14,807. The issue size was ₹3066.89 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
It listed at ₹1,200, a gain of 37.8% against the issue price of ₹871. Kfin Technologies Limited was the registrar to the issue, and Axis Capital Ltd, Jefferies India Pvt.Ltd, Kotak Mahindra Capital Co.Ltd, Nomura Financial Advisory & Securities (India), SBI Capital Markets Ltd, 360 One WAM Ltd were the lead managers.
As of 12 August 2026.
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Overall the issue was subscribed 75.05 times.
Formally incorporated in the year 1998, Dhoot Transmission Ltd. is one of the prominent players within the electrical and electronics (E&E) industry in India that produces wiring harnesses, battery packs, sensors, electronic controls, and automotive switches. The company provides its products to ICE and electric vehicles across two-wheelers, three-wheelers, commercial vehicles, and other industrial segments. It has 22 production units in India, the UK, Slovakia, and Thailand, along with engineering, design, and warehouse facilities around key automotive clusters.
The company adopts a manufacturing-integrated, product development, backward integration, and OEM partnership strategy for its operations. On December 31, 2025, the company had employed 2,681+ personnel, of which included a strong engineering and research and development function. Some of the top OEM customers served by the company include Bajaj Auto, TVS Motor Company, Honda Motorcycle & Scooter India Pvt. Ltd., and Royal Enfield.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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Dhoot Transmission Limited finalised its anchor investor allocation on August 7, 2026, raising ₹918.27 crore from 72 institutional investors at an anchor price of ₹871 per share. The anchor book comprises 1,05,42,657 equity shares allocated across domestic mutual funds, life insurance companies and pension funds, foreign portfolio investors, alternative investment funds, and one NBFC.
Domestic mutual funds received 61.27% of the anchor allocation through 8 fund houses across 46 schemes, including SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Axis Mutual Fund, Mirae Asset Mutual Fund, Nippon India Mutual Fund, Tata Mutual Fund, and HSBC Mutual Fund. Life insurance companies and pension funds received 8.74%, led by SBI Life Insurance, HDFC Life Insurance, ICICI Prudential Life Insurance, Bajaj Life Insurance, and multiple Axis Max Life Insurance schemes.
Leading foreign portfolio investors include Ashoka WhiteOak Emerging Markets Equity Fund and Abu Dhabi Investment Authority (combined 5.44% across two accounts), Government Pension Fund Global, BlackRock Global Funds, and Allianz Global Investors, together accounting for 25.03% of the allocation. The remaining allocation was split between alternative investment funds (4.10%) and a single NBFC participant, Chartered Finance & Leasing Limited (0.83%).
Bc Asia Investments Xv Limited, Rahul Radhavallabh Dhoot. Promoter holding 99.99% before the issue and 82.78% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Dhoot Transmission IPO was a ₹3,066.89 crore book-built issue, comprising a fresh issue of ₹1,400 crore and an offer for sale of ₹1,666.89 crore. It was priced at ₹829–₹871 per share with a lot size of 17 shares (₹14,807). The IPO was open from August 10 to August 12, 2026 and was subscribed 75.05x. Shares listed on BSE and NSE on August 17, 2026 at ₹1,200, a 37.8% premium to the issue price of ₹871.
Kfin Technologies Limited is the registrar. Axis Capital Ltd. and 5 other book running lead managers manage the issue.
The price band of Dhoot Transmission IPO is ₹829 to ₹871 per share.
The lot size of Dhoot Transmission IPO is 17 shares.
The minimum investment for Dhoot Transmission IPO is approximately ₹14,807 based on the upper price band.
The allotment date of Dhoot Transmission IPO is Aug 13, 2026.
No GMP quote could be verified as recorded before Dhoot Transmission IPO listed. A grey-market observation of ₹255 per share was recorded on 17 Aug 2026, 8:30 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹1200. GMP is unofficial and does not forecast or guarantee the actual listing price.
Dhoot Transmission IPO listed on Aug 17, 2026. It was issued at ₹1200.0(NSE) and is currently around ₹1535.00 as on 30-Oct-2026 3:30 PM, which is approximately 76.2% versus issue price. The 52-week high is ₹1,735.30.
You can check Dhoot Transmission IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Dhoot Transmission IPO allotment status on Rupix for quick and easy access.
₹829 to ₹871 per share, against a face value of ₹2. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 17 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,807.
₹14,807, for one lot of 17 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 10 August 2026 and closed on 12 August 2026.
The basis of allotment was published on 13 August 2026 by Kfin Technologies Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 17 August 2026 on BSE, NSE, opening at ₹1,200.
The issue size was ₹3066.89 crore. The fresh issue was 1,60,80,445 shares (aggregating up to ₹1400 crore). The offer for sale was 1,91,37,602 shares (aggregating up to ₹1666.89 crore).
It listed at ₹1,200 against an issue price of ₹871, a gain of 37.8 percent on listing day.