Dhoot Transmission expects to finalize the allotment basis for its initial public offering today, Aug 13, after the 3,067‑crore issue attracted strong demand from all investor categories.
By the close of bidding on Aug 12, the IPO was subscribed 74.21 times, according to NSE data. Investors bid for 1,85,19,71,585 equity shares, while 2,49,56,363 shares were on offer.
Qualified Institutional Buyers (QIBs) led the demand, subscribing 212.92 times. Non‑Institutional Investors (NIIs) subscribed 51.93 times and retail investors 8.12 times.
The issue opened on Aug 10 and closed on Aug 12. Dhoot Transmission set a price band of Rs 829 to Rs 871 per share, using the upper end of the band to calculate the listing premium.
Grey market trading showed a premium of about Rs 276 above the upper price band, suggesting a potential 32 % premium over the issue price. This figure is unofficial and can change before the shares are listed.
Investors can check their allotment status through the IPO registrar KFin Technologies, the BSE and NSE websites, or their broker platforms. The KFin portal allows status checks by PAN, application number or DP ID/Client ID.
Before the IPO, Dhoot Transmission raised Rs 918.3 crore from anchor investors, including BlackRock, Abu Dhabi Investment Authority and SBI Mutual Fund.
Proceeds from the fresh issue will mainly be used to repay or prepay borrowings. A portion will fund subsidiaries to reduce debt, and the company plans to build new wiring harness plants in Jhajjar (Haryana) and Shoolagiri (Tamil Nadu). Remaining funds may support acquisitions and other strategic projects.
Founded in 1999, Dhoot Transmission manufactures wiring harnesses and automotive electrical and electronic components. Its products serve two‑wheelers, three‑wheelers, commercial vehicles, off‑road vehicles, earth‑moving equipment, agricultural machinery, medical devices and domestic appliances.
Shares will be listed on the BSE and NSE on Aug 17 following the allotment announcement.