Investors in Dhoot Transmission's IPO can check their allotment status today via the registrar's website or the BSE and NSE portals. The IPO, which was open from August 10 to August 12, 2026, saw a robust subscription rate of 74.21 times, indicating strong demand across investor categories.
The IPO attracted significant interest, with the retail investor portion subscribed 8.12 times. Institutional investors showed even stronger demand, with the Qualified Institutional Buyers (QIB) category subscribed 212.92 times and the Non-Institutional Investors (NII) segment at 51.93 times. Successful applicants will have their shares credited to their demat accounts before the listing.
Investors can verify their allotment status through the KFinTech IPO Allotment page, the NSE IPO Allotment page, or the BSE website by entering their application number or PAN. The IPO consisted of a fresh issue of 1.61 crore equity shares aggregating Rs 1,400 crore and an Offer for Sale (OFS) of 1.91 crore shares worth Rs 1,666.89 crore, with the price band set at Rs 829 to Rs 871 per share.
Dhoot Transmission raised Rs 918.27 crore from 72 anchor investors on August 7, 2026, by allotting shares at the upper price band of Rs 871. The company plans to use the IPO proceeds to repay borrowings, infuse funds into subsidiaries, and establish new manufacturing facilities.
Founded in 1998, Dhoot Transmission is a leading player in India's electrical and electronics sector, specializing in wiring harnesses and electrical distribution systems. The company holds a significant market share in the two-wheeler and three-wheeler segments and is well-positioned to benefit from trends like vehicle electrification.
Background
Dhoot Transmission's IPO has garnered attention due to its strong subscription rates and the high grey market premium, which suggests investor confidence in the company's market potential. The company's strategic plans for using the IPO proceeds further underline its growth prospects.
Looking ahead, investors will be keenly watching Dhoot Transmission's market debut on August 17, 2026, to see if the strong grey market premium translates into a successful listing. The company's strategic use of IPO proceeds and its robust market position suggest potential for future growth.
