Dhoot Transmission IPO Subscription Status Day 3: Issue Subscribed 9.23x as NII Surges to 29.36x on Final Day of Bidding
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Dhoot Transmission IPO Subscription Status Day 2: The issue continued its strong run on the second day, subscribed 1.62 times as of 11:57 am on August 11, according to the latest bidding data, with the NII segment leading at 3.75 times.
Dhoot Transmission IPO subscription status Day 3: The initial public offering of Dhoot Transmission Ltd closed subscribed 9.23 times as of 12:45 pm on August 12, the final day of bidding, according to the latest bidding data. The non-institutional investors segment led demand by a wide margin, subscribed 29.36 times, followed by the employee quota at 5.53 times and the retail portion at 5.13 times. The qualified institutional buyers category, the laggard through the first two days, was subscribed 1.02 times by the close.
Earlier on the final day, at 10:30 am, NSE data had shown the issue subscribed 5.37 times, with bids received for 13,41,13,697 equity shares against 2,49,56,363 shares on offer; at that point the NII category stood at 15.80 times and the retail segment at 3.57 times.
The Rs 3,067-crore mainboard issue, listed on both the BSE and NSE, opened for subscription on August 10 and is priced in a band of Rs 829-871 per equity share. Ahead of the opening, Dhoot Transmission raised Rs 918.3 crore from anchor investors, with the anchor book including institutional investors such as BlackRock, Abu Dhabi Investment Authority and SBI Mutual Fund. The company plans to use fresh issue proceeds primarily to repay or prepay certain borrowings, with a portion invested in subsidiaries to help them reduce debt; funds have also been earmarked for setting up new wiring harness manufacturing facilities at Jhajjar in Haryana and Shoolagiri in Hosur, Tamil Nadu, and for potential acquisitions and other strategic initiatives.
Founded in 1999, Dhoot Transmission manufactures wiring harnesses and a range of automotive electrical and electronic components, including electronic sensors and controllers, automotive switches, power cords, cables, connectors and terminals, with products used across two-wheelers, three-wheelers, commercial vehicles, off-road vehicles, earth-moving equipment, agricultural machinery, medical devices and domestic appliances.
Subscription Status Day 3
Day | QIB | Retail | NII | Employee | Total |
|---|---|---|---|---|---|
Day 3 (As on 12:45 PM) | 1.02x | 5.13x | 29.36x | 5.53x | 9.23x |
Subscription Status
Day | QIB | Retail | NII | Employee | Total |
|---|---|---|---|---|---|
Day 1 (10-Aug-2026) | 0.06x | 0.73x | 1.07x | 1.28x | 0.62x |
Day 2 (11-Aug-2026) | 0.49x | 2.94x | 10.35x | 3.44x | 3.86x |
Day 3 (12-Aug-2026) | 1.02x | 5.13x | 29.36x | 5.53x | 9.23x |
Bidding Details
Shares Offered | Shares Bid For |
|---|---|
2,49,56,363 | 13,41,13,697 |
0.49x | 2.94x |
1.02x | 5.13x |
Subscription Rate
Category | Subscription Rate |
|---|---|
Qualified Institutions | 1.02x |
Retail | 5.13x |
Non-Institutional (HNI) | 29.36x |
Employees | 5.53x |
Total Subscription | 9.23x |
Conclusion
With bidding for the Dhoot Transmission IPO now closed, the basis of allotment is expected to be finalised on August 13. The company's shares are scheduled to be listed on the BSE and NSE on August 17.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Rochelle Britto has spent 8+ years decoding India's markets, businesses, and consumer economy, reporting for ET Prime and Times Internet along the way, covering the stories behind the numbers.
A Mumbai native and perpetual planner of the next holiday, she stays far, far away from the eternal question, “Where are we going next?” When she's not chasing headlines, she's chasing new cultures, open roads, and a bit of quiet in nature.
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