The basis of allotment for Dhoot Transmission IPO has been finalised on August 13, 2026, with shares scheduled to list on NSE and BSE on August 17, 2026 at 10 AM. Investors can check their allotment status online through NSE, BSE, and KFin Technologies websites. The IPO, which concluded with an overall subscription of 75.06 times, mobilised bids for 185.19 crore shares against 2.49 crore shares on offer. The issue was fully subscribed on its second day of bidding, with the retail portion showing strong demand at 8.32 times subscription, while the non-institutional investors segment led with 53.13 times oversubscription against 53.92 lakh shares on offer. The qualified institutional buyers' portion demonstrated exceptional investor confidence with 209.02 times oversubscription, receiving bids for 148 crore shares against 68.99 lakh shares on offer.
The IPO is currently commanding a ₹275 premium in the grey market over its upper issue price, indicating a 31.69% grey market premium and suggesting an estimated listing price of ₹1,146 per share compared with the IPO's upper price of ₹871. According to market observers, the grey market premium continues to signal around 31.69% listing gain on the Dhoot Transmission IPO allotment date. However, investors should note that the grey market premium is an unofficial indicator and can change significantly ahead of listing. Following the finalisation of allotment, refunds for unsuccessful applicants are expected to be processed on August 14, while shares will be credited to the Demat accounts of successful investors on the same day. The public issue will remain open for subscription until August 12, 2026, with basis of allotment expected to be finalised on August 13, while shares are tentatively scheduled to list on NSE and BSE on August 17, 2026.
The IPO comprises a fresh issue of ₹1.61 crore equity shares worth ₹1,400 crore and an offer-for-sale of approximately 1.91 crore shares worth ₹1,666.89 crore by promoters BC Asia Investments XV Ltd and Mangalam Capital Private Ltd. Under the OFS, BC Asia Investments XV Ltd will offload shares worth nearly ₹1,395 crore, while Mangalam Capital Private Ltd. will sell shares valued at around ₹272 crore. The price band has been fixed at ₹829-871 per share with a market lot size of 17 shares. The company had secured ₹918.26 crore from anchor investors, including BlackRock, Abu Dhabi Investment Authority and SBI Mutual Funds, with the board allotting 10.54 lakh shares at ₹871 each to 72 anchor investors on 7 August 2026. Axis Capital Ltd., Jefferies India, Kotak Mahindra Capital Company, Nomura Financial Advisory and Securities (India), SBI Capital Markets, and 360 ONE WAM are the book-running lead managers, while Kfin Technologies Ltd. has been appointed as the registrar.
Of the fresh issue proceeds, ₹464.8 crore will be used for repayment of outstanding borrowings, ₹301.77 crore for investment in subsidiaries including Dhoot Autocomponents, Dhoot Electricals Systems, Dhoot Automotive Systems, and Dhoot Transmission UK, enabling them to reduce debt. The company has earmarked ₹150 crore to establish new wiring harness manufacturing facilities at Jhajjar, Haryana, and Shoolagiri, Hosur, Tamil Nadu, to enhance production capacity. The remaining funds will support inorganic growth opportunities through acquisitions and general corporate purposes. Post-IPO, the company expects to have a cash surplus of roughly ₹900-₹1,000 crore on a debt-free balance sheet. According to reports from Business Standard, the company is one of the leading auto component manufacturers in the 2W and 3W segments, with around 95% of its automotive product portfolio focused on EV or powertrain-neutral architectures. The company reported an 11.9% YoY increase in profit after tax to ₹396 crore in FY26, compared with ₹354 crore in FY25, while total income rose to ₹4,563.7 crore from ₹3,472.24 crore.
Dhoot Transmission is an electrical and electronics company founded in 1998, engaged in design, engineering, manufacturing, and supply of wiring harnesses and electrical distribution systems for automotive and non-automotive applications. The company ranks among the top two players in India's two-wheeler and three-wheeler wiring harness market with a 41% market share and dominates the electric two-wheeler and three-wheeler segment, commanding nearly 70% market share in FY26. In FY26, wiring harnesses accounted for 77.08% of total revenue, while other products contributed 22.92%, with EV-related products comprising 24.17% of total revenue. The diversified product portfolio includes wiring harnesses, battery packs, sensors and electronic controllers, automotive switches, terminals, connectors, and power supply cords, catering to both internal combustion engines and electric vehicle platforms across various customer segments. The company reported a consolidated net profit of ₹396.65 crore and sales of ₹4,524.96 crore for the twelve months ended 31 March 2026. As of March 31, 2026, Dhoot Transmission employed 2,735 full-time employees across manufacturing, research & development, engineering, sales, finance, and corporate functions.
