Dhoot Transmission IPO Listing: Shares List At Nearly 38% Above Issue Price
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Dhoot Transmission shares made a strong market debut. They listed at nearly 38% above the IPO issue price after the issue received 74.21 times the overall subscription.
Dhoot Transmission shares made a positive debut on the stock market today. Dhoot Transmission share price on the Bombay Stock Exchange (BSE) stood at ₹1,193.80 apiece at the time of listing, marking a 37.06% premium over the issue price.
Dhoot Transmission listing price on the National Stock Exchange (NSE) stood at ₹1200 apiece. Dhoot Transmission’s NSE listing price was 37.77% higher than the issue price.
Dhoot Transmission IPO And Subscription Details
Dhoot Transmission initial public offering (IPO) was open for subscription between 10 August and 12 August. The price band for the IPO was fixed at ₹829–₹871 per equity share, with a face value of ₹2 per share. The lot size was 17.
The IPO saw strong demand across investor categories. The issue received an overall subscription of 74.21 times. The retail portion was subscribed 8.12 times, while institutional investors showed much stronger interest. The qualified institutional buyer (QIB) category was subscribed 212.92 times, and the non-institutional investor (NII) segment received bids worth 51.93 times the shares on offer.
About Dhoot Transmission
Founded in April 1998, Dhoot Transmission Ltd. is an Indian electrical and electronics company engaged in the design, engineering, manufacturing and supply of wiring harnesses and electrical distribution systems. Its products cater to automotive and industrial applications.
The company has a diverse range of products, including wiring harnesses, battery packs, sensors, electronic controllers, automotive switches, terminals, connectors and power supply cords.
Also Read - Molbio Diagnostics IPO Listing: Shares List At Over 21% Premium To Issue Price
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Vishwa is a content and SEO strategist with 10+ years of experience across fintech and FMCG. She has a knack for connecting dots others miss, spotting trends early, and finding angles on topics most miss to question.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide.
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