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Sat, 15 Aug 2026
04:02:54 pm
Sat, 15 Aug 2026
04:02:54 pm
Rudransh Sangwan
Published at: August 12, 2026, 9:08 AM
Synopsis
Dhoot Transmission IPO GMP today is ₹240, with estimated listing price of ₹1,111 and 20.70x subscription. Check GMP trend, IPO price, allotment, listing date and financials.
The Dhoot Transmission IPO grey market remains positive on the final day of bidding, with the latest Dhoot Transmission IPO GMP at ₹240 as of August 12, 2026. Against the upper price band of ₹871 per share, the latest GMP indicates an estimated listing price of ₹1,111, implying a potential premium of around 27.55% over the issue price. The IPO has received strong demand across investor categories, with total subscription reaching 20.70 times by August 12 at 2:18 PM.
The ₹3,066.89 crore IPO is scheduled to close on August 12, with allotment expected on August 13 and listing planned for August 17 on the NSE and BSE. The issue comprises a fresh issue of ₹1,400 crore and an offer for sale worth ₹1,666.89 crore. The company plans to use part of the proceeds to repay borrowings, invest in subsidiaries and fund new manufacturing plants in Haryana and Tamil Nadu.
The grey market remains positive for the Dhoot Transmission IPO, although the GMP has declined from ₹255 on August 11 to ₹240 on August 12. At the upper IPO price band of ₹871, the latest GMP points to an estimated listing price of ₹1,111, representing a potential premium of 27.55%. Based on the 17-share lot size, the estimated profit at the latest GMP is ₹4,080 per lot. GMP is unofficial and can change before listing.
Disclaimer: GMP is sourced from grey market dealers and is indicative only. It is unofficial and should not be considered a guarantee of listing performance. Investors should conduct their own due diligence before investing.
| GMP Date | IPO Price | GMP | Subscription | Estimated Listing Price | Estimated Profit per Lot |
|---|---|---|---|---|---|
| 12 Aug 2026 | ₹871 | ₹240 🔻 | 20.70x | ₹1,111 (27.55%) | ₹4,080 |
| 11 Aug 2026 | ₹871 | ₹255 △ | 3.99x | ₹1,126 (29.28%) | ₹4,335 |
| 10 Aug 2026 | ₹871 | ₹250 🔻 | 0.62x | ₹1,121 (28.70%) | ₹4,250 |
| 09 Aug 2026 | ₹871 | ₹259 ➖ | - | ₹1,130 (29.74%) | ₹4,403 |
| 08 Aug 2026 | ₹871 | ₹259 △ | - | ₹1,130 (29.74%) | ₹4,403 |
| 07 Aug 2026 | ₹871 | ₹247 🔻 | - | ₹1,118 (28.36%) | ₹4,199 |
| 06 Aug 2026 | ₹871 | ₹259 △ | - | ₹1,130 (29.74%) | ₹4,403 |
| 05 Aug 2026 | ₹871 | ₹253 ➖ | - | ₹1,124 (29.05%) | ₹4,301 |
| 04 Aug 2026 | ₹871 | ₹253 △ | - | ₹1,124 (29.05%) | ₹4,301 |
| 03 Aug 2026 | ₹0 | ₹146 ➖ | - | ₹146 (0.00%) | ₹0 |
Note: Estimated listing price is calculated by adding the latest GMP to the upper IPO price band of ₹871. Estimated profit per lot is based on the 17-share lot size. GMP figures are unofficial and may change before listing.
The Dhoot Transmission IPO has received strong demand on the final day of bidding. The issue was subscribed 20.70 times overall as of August 12, 2026, at 2:18 PM. The NII category recorded the highest subscription at 43.86 times, followed by QIB at 27.93 times and retail investors at 6.73 times. The employee portion was subscribed 7.05 times.
| Investor category | Subscription |
|---|---|
| QIB | 27.93x |
| NII | 43.86x |
| Retail | 6.73x |
| Employee | 7.05x |
| Total | 20.70x |
The strong subscription levels indicate high demand for the issue across institutional and non-institutional investors. The latest GMP also remains above ₹200, although it has moved lower from the ₹255 reported on August 11.
Dhoot Transmission IPO is a bookbuilding issue of ₹3,066.89 crore. The issue includes a fresh issue of 1.61 crore shares worth ₹1,400 crore and an offer for sale of 1.91 crore shares worth ₹1,666.89 crore. The price band has been fixed at ₹829 to ₹871 per share, with a lot size of 17 shares.
| IPO detail | Information |
|---|---|
| IPO dates | August 10-12, 2026 |
| Price band | ₹829-₹871 |
| Issue price | ₹871 |
| IPO size | ₹3,066.89 Cr. |
| Fresh issue | ₹1,400 Cr. |
| Offer for sale | ₹1,666.89 Cr. |
| Lot size | 17 shares |
| Minimum retail investment | ₹14,807 |
| Listing | NSE and BSE |
| Expected listing date | August 17, 2026 |
| Face value | ₹2 per share |
| Employee discount | ₹80 per share |
The IPO is scheduled to close on August 12, 2026. The allotment is expected to be finalised on August 13, followed by refunds and credit of shares on August 14. The tentative listing date on the NSE and BSE is August 17.
| Event | Date |
|---|---|
| IPO opening | August 10, 2026 |
| IPO closing | August 12, 2026 |
| Allotment | August 13, 2026 |
| Refund initiation | August 14, 2026 |
| Credit of shares | August 14, 2026 |
| Listing | August 17, 2026 |
The issue consists of 3,52,18,047 shares. Of the net public offer, QIB investors have been allocated 50%, NII investors 15% and retail investors 35%. The issue also has a separate employee reservation of 75,853 shares.
| Investor category | Shares offered | Share of net issue |
|---|---|---|
| QIB | 1,75,71,096 | 50.00% |
| NII | 52,71,330 | 15.00% |
| Retail | 1,22,99,768 | 35.00% |
| Employee | 75,853 | Separate reservation |
The company plans to use the fresh issue proceeds mainly for debt reduction, investment in subsidiaries and setting up new manufacturing facilities. Around ₹464.80 crore is earmarked for repayment or prepayment of borrowings, while ₹301.77 crore is proposed for investments in subsidiaries to repay their borrowings. Another ₹150 crore is planned for new wiring harness plants at Jhajjar in Haryana and Shoolagiri in Hosur, Tamil Nadu.
| IPO object | Amount |
|---|---|
| Repayment/prepayment of borrowings | ₹464.80 Cr. |
| Investment in subsidiaries for debt repayment | ₹301.77 Cr. |
| New wiring harness plants | ₹150.00 Cr. |
| Other acquisitions and general corporate purposes | Balance |
| Total | ₹916.58 Cr. |
Dhoot Transmission's restated consolidated revenue increased to ₹4,563.70 crore in FY26 from ₹3,472.24 crore in FY25. Profit after tax increased to ₹396.84 crore from ₹353.89 crore, while EBITDA rose to ₹710.99 crore from ₹590.96 crore. Total borrowing stood at ₹841.39 crore in FY26, compared with ₹776.06 crore a year earlier.
| Financial metric | FY26 | FY25 |
|---|---|---|
| Total Income | ₹4,563.70 Cr. | ₹3,472.24 Cr. |
| Profit After Tax | ₹396.84 Cr. | ₹353.89 Cr. |
| EBITDA | ₹710.99 Cr. | ₹590.96 Cr. |
| Net Worth | ₹2,397.15 Cr. | ₹978.18 Cr. |
| Total Borrowing | ₹841.39 Cr. | ₹776.06 Cr. |
| EBITDA Margin | 15.71% | 17.15% |
| PAT Margin | 8.70% | 10.19% |
| Debt/Equity | 0.35 | 0.78 |
| ROE | 16.30% | 35.60% |
| ROCE | 19.14% | 29.66% |
Dhoot Transmission is an electrical and electronics company focused on wiring harnesses and electrical distribution systems for automotive and non-automotive applications. Its product portfolio includes wiring harnesses, battery packs, sensors, electronic controllers, switches, terminals, connectors and power supply cords. The company supplies products for both internal combustion engine and electric vehicle platforms.
The company is among the top two players in India's two-wheeler and three-wheeler wiring harness market, with a reported 41% market share. It also has a reported market share of nearly 70% in the electric two-wheeler and three-wheeler segment in FY26. Around 95% of its automotive product portfolio is described as EV-focused or powertrain-neutral.
Based on the supplied IPO data, the company has a pre-IPO EPS of ₹21.06 and a P/E of 41.36 times at the issue price. Post-IPO EPS is estimated at ₹19.40, with the post-IPO P/E at 44.9 times. The market capitalisation at the offer price is estimated at ₹17,816.14 crore.
| Valuation metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | ₹21.06 | ₹19.40 |
| P/E | 41.36x | 44.9x |
| Market cap at offer price | ₹16,416 Cr. | ₹17,816.14 Cr. |
| Price to Book Value | 5.82x | - |
The latest Dhoot Transmission IPO GMP of ₹240 points to an estimated listing price of ₹1,111, assuming the grey market premium remains unchanged. The IPO has also received 20.70 times overall subscription, with particularly strong demand from NII and QIB investors. However, GMP is unofficial and can change before listing. Investors should consider the company's financial performance, valuation, debt position and IPO objectives alongside the grey market trend before making any investment decision.
The latest Dhoot Transmission GMP is ₹240 as of August 12, 2026. Based on the upper IPO price band of ₹871, this GMP indicates an estimated listing price of ₹1,111 per share.
The Dhoot Transmission IPO GMP today is ₹240. The latest grey market premium implies a potential premium of around 27.55% over the upper issue price of ₹871.
Based on the latest GMP of ₹240 and the upper IPO price of ₹871, the estimated Dhoot Transmission IPO listing price is ₹1,111 per share.
The estimated IPO listing price is calculated by adding the GMP to the upper end of the IPO price band. For Dhoot Transmission, ₹871 plus the latest GMP of ₹240 gives an estimated IPO listing price of ₹1,111.
No. GMP is unofficial and is based on grey market activity. It can change before the actual stock listing and does not guarantee the listing price or listing gains.
A positive IPO GMP generally indicates that grey market participants are currently willing to pay a premium over the IPO issue price. However, GMP should not be treated as a guaranteed indication of the actual listing price.
The Dhoot Transmission IPO price band is ₹829 to ₹871 per share, with the upper issue price at ₹871.
The IPO lot size is 17 shares. At the upper issue price of ₹871, the minimum retail investment is ₹14,807.
The tentative Dhoot Transmission IPO listing date is August 17, 2026, on both the NSE and BSE.
At a GMP of ₹240, the estimated listing price is ₹1,111 against the issue price of ₹871. This represents a potential premium of 27.55%, or approximately ₹4,080 on one 17-share lot.
The IPO was subscribed 20.70 times overall as of August 12, 2026, at 2:18 PM. The QIB portion was subscribed 27.93 times, NII 43.86 times and retail 6.73 times.
Yes. The Dhoot Transmission GMP can move up or down before the listing date depending on grey market demand and broader market conditions. The final listing price can also differ from the GMP-based estimate.
Based on the supplied GMP data, the recent high was ₹259, recorded on August 6, August 8 and August 9, 2026.
GMP is the unofficial premium observed in the grey market before listing, while the IPO listing price is the actual price at which the shares begin trading on the stock exchange. The two prices can differ significantly.
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