Dhoot Transmission’s IPO opened for subscription August 10–12, 2026, at a price band of ₹829–₹871 per share, was subscribed 74.21 times overall, and listed on BSE and NSE on August 17, 2026, at ₹1,200 per share — a listing-day gain of 37.8% over the upper price band. Grey market premium (GMP) in the days before listing had been tracked as high as ₹276, suggesting a strong debut, which the stock ultimately delivered.
Dhoot Transmission’s public listing turned out to be one of the more closely watched mainboard IPOs of August 2026, and searches for its GMP have continued well past listing day — a sign that investors are still piecing together exactly how the subscription numbers, grey market activity, and eventual listing price all lined up. Here’s the complete picture.
Dhoot Transmission IPO: Key Details at a Glance
| Detail | Information |
|---|---|
| Company | Dhoot Transmission Limited |
| Business | Wiring harnesses, battery packs, sensors, electronic controllers, and automotive switches |
| Incorporated | 1998, by Rahul Dhoot; headquartered in Pune |
| Issue size | ₹3,066.89 crore (fresh issue ₹1,400 crore + OFS ₹1,666.89 crore) |
| Price band | ₹829 to ₹871 per share |
| Lot size | 17 shares (minimum retail investment: ₹14,807) |
| Subscription dates | August 10 to August 12, 2026 |
| Anchor investor allocation | ₹918.27 crore, anchor bid date August 7, 2026 |
| Allotment date | August 13, 2026 |
| Listing date | August 17, 2026 |
| Listing price | ₹1,200 per share |
| Listing-day gain | 37.8% over the ₹871 upper band |
| Overall subscription | 74.21 times |
| Registrar | KFin Technologies Ltd. |
| Book running lead manager | Axis Capital Ltd. |
| Promoter holding post-listing | 82.77% (down from 100%) |
What Does Dhoot Transmission Actually Make?
Dhoot Transmission is one of India’s leading electrical and electronics (E&E) component manufacturers, specializing in wiring harnesses and related electrical systems for the automotive industry. The company holds a genuinely strong market position: it’s among the top two players in India’s domestic two-wheeler and three-wheeler wiring harness market, commanding a 41% market share by value in FY26, and holds close to 70% market share specifically in electric two-wheeler and three-wheeler wiring harnesses — a category directly tied to India’s ongoing EV transition. Wiring harnesses made up 77.1% of the company’s FY26 revenue, with the remaining portfolio spanning battery packs, sensors, electronic controllers, automotive switches, and power supply systems, serving both traditional internal-combustion and electric vehicle platforms. For the fiscal year ending March 31, 2026, the company reported revenue growth of 31% and profit after tax growth of 12% over the prior year.
The Dhoot Transmission IPO GMP Journey
Grey market premium tracking for Dhoot Transmission tells a story of steadily building confidence through the subscription window, though the exact figures varied noticeably depending on which tracker you checked and when:
| Date/Period | Reported GMP | Source |
|---|---|---|
| Recorded range across the tracking period | ₹90 to ₹268 | IPOJi (92 recorded observations) |
| August 11, 2026 | ₹255 | IPOGyani |
| August 12, 2026 (10:30 AM) | ₹254 (29.16% over upper band) | Sahi/Investorgain |
| August 12, 2026 | ₹275 | IPO Central |
| August 13, 2026 (allotment day) | ₹276 (31.69% over upper band) | PL Capital |
| August 17, 2026, 8:30 AM (unverified pre-listing) | ₹255 | IPOJi |
An important note on reading this table: grey market premium is an unofficial, unregulated figure — it isn’t tracked, verified, or endorsed by SEBI, BSE, or NSE, and different trackers frequently record meaningfully different numbers at the same point in time because they’re each sourcing quotes from different informal networks. It’s best treated as a rough sentiment gauge of subscription-period demand, not a precise or guaranteed predictor of the eventual listing price. In this case, the GMP direction (consistently positive and generally climbing through the window) did end up pointing the right way, but the exact final GMP figures (ranging from ₹254 to ₹276 depending on source) all undershot the actual listing-day pop the stock delivered.
How Did the Subscription Actually Go?
Dhoot Transmission’s IPO was subscribed 74.21 times overall, with what multiple trackers described as healthy participation across all investor categories — qualified institutional buyers (QIBs), non-institutional investors (NIIs), and retail investors all showed strong demand rather than the subscription being driven by just one category. That kind of broad-based demand, alongside a substantial ₹918.27 crore anchor book finalized a few days before the public offer opened, is generally read by market analysts as a sign of genuine institutional confidence rather than purely speculative retail interest.
What Happened on Listing Day?
Dhoot Transmission shares debuted on both the BSE and NSE on August 17, 2026, at ₹1,200 per share — a 37.8% premium over the IPO’s upper price band of ₹871. For context, that means an investor who received an allotment of one lot (17 shares) at the upper band would have seen an approximate listing-day gain of roughly ₹5,593 on their ₹14,807 investment, before accounting for brokerage or taxes. The listing gain notably outpaced what the final pre-listing GMP figures (in the ₹254–₹276 range) had implied, which happens periodically when actual exchange-day demand exceeds what grey market activity had priced in during the subscription window.
Why Investors Are Still Searching for This IPO
Continued search interest in “Dhoot Transmission IPO GMP” well after the actual listing date typically comes from a few different groups: investors who missed the subscription window and are now researching whether the stock is still worth buying in the open market, allottees checking historical performance for their own records, and market watchers using this IPO as a reference case for evaluating other upcoming auto-components listings, given Dhoot Transmission’s strong positioning in the fast-growing EV wiring harness segment.
This article summarizes publicly reported IPO data from sources including Chittorgarh, IPO Central, IPOJi, IPOGyani, and PL Capital. GMP figures are unofficial, unregulated, and were recorded at different times by different trackers — treat them as historical context, not as investment guidance. This article does not constitute investment advice; please consult a SEBI-registered financial advisor and the company’s RHP before making investment decisions.
Frequently Asked Questions
What was the Dhoot Transmission IPO GMP before listing?
GMP figures varied by tracker and date, ranging from ₹90 to ₹268 across the recorded tracking period, with figures closer to listing day generally in the ₹254–₹276 range. GMP is unofficial and unregulated, so treat these as directional indicators rather than precise forecasts.
What was the Dhoot Transmission IPO price band?
The price band was ₹829 to ₹871 per share, with a lot size of 17 shares and a minimum retail investment of ₹14,807 at the upper band.
How much was the Dhoot Transmission IPO subscribed?
The IPO was subscribed 74.21 times overall, with healthy demand reported across QIB, NII, and retail investor categories.
What was the Dhoot Transmission IPO listing price?
Shares listed on BSE and NSE on August 17, 2026, at ₹1,200 per share, a 37.8% gain over the ₹871 upper price band.
What does Dhoot Transmission Limited manufacture?
Dhoot Transmission makes wiring harnesses and related electrical components for the automotive industry, holding a leading position — a 41% market share by value — in India’s two-wheeler and three-wheeler wiring harness segment, and nearly 70% share specifically in the electric two-wheeler and three-wheeler segment.
When was the Dhoot Transmission IPO allotment finalized?
Allotment was finalized on August 13, 2026, with shares credited to successful applicants’ demat accounts by August 14, 2026.
Add Business Connect magazine to your Google News feed
