Dhoot Transmission Limited IPO Sees Strong Demand, Subscribed 3.04x in Retail Segment on Day 2
Dhoot Transmission Limited is subscribed 3.04 times overall on day 2 of bidding, with QIB 0.39x, NII 8.27x, retail 2.25x. Figures are official exchange data. Subscription measures demand for the issue, not how it will list.
Dhoot Transmission Limited IPO Sees Strong Demand, Subscribed 3.04x in Retail Segment on Day 2
The initial public offering (IPO) of Dhoot Transmission Limited continued to witness strong investor interest on its second day of bidding. Entering its second day on Tuesday, August 11, 2026, the ₹3,066.89-crore mainboard IPO attracted substantial demand across various investor categories.
Subscription Status on Day 2 By the late afternoon of Day 2, the retail individual investor portion was notably subscribed at 3.04 times. Overall, the offering received a robust response, with the total subscription reaching 3.99 times by the end of the day, driven heavily by the Non-Institutional Investor (NII) segment which saw bids at 10.87 times.
Key Details of the Dhoot Transmission IPO Here are the essential details regarding the Dhoot Transmission IPO: Total Issue Size:* ₹3,066.89 crore. Fresh Issue:* Equity shares worth up to ₹1,400 crore. Offer for Sale (OFS):* 1,91,37,602 equity shares aggregating to ₹1,666.89 crore, offloaded by existing shareholders BC Asia Investments XV and Mangalam Capital. Price Band:* Fixed between ₹829 and ₹871 per equity share. Lot Size:* Minimum bid of 17 shares, requiring a minimum investment of ₹14,807 at the upper price band. Subscription Window:* Opened on August 10, 2026, and closes on August 12, 2026.
Grey Market Premium (GMP) and Listing Expectations The unlisted market is signaling strong listing expectations for the company. The Grey Market Premium (GMP) for Dhoot Transmission currently stands at ₹250. Against the upper price band of ₹871, this indicates an estimated listing price of roughly ₹1,121, translating to a potential listing gain of nearly 29% to 30%. Please note that GMP is merely an unofficial indicator and not an actual market return. The shares are proposed to be listed on the NSE and BSE on August 17, 2026.
Objective of the Issue The company intends to utilize the net proceeds from the fresh issue for strategic and financial purposes, including: 1. ₹464.8 crore earmarked for the repayment of certain outstanding borrowings. 2. ₹301.77 crore for strategic investments.
With solid FY26 financials backing the company, market analysts have maintained a "subscribe" rating for investors with a long-term perspective.