Dhoot Transmission IPO Day 1 Subscription Status: 0.61x Subscribed; GMP at ₹259
Dhoot Transmission Limited’s IPO was subscribed 0.61 times on Day 1, based on the latest available provisional bidding update from early evening on 10 August 2026. Employees led at 1.36 times, while Non-Institutional Investors (NIIs) reached 1.00 times. Grey Market Premium (GMP) stood at ₹259 in the latest available reading on 10 August. The issue remains open until 12 August.
| Bidding day | Day 1 |
| Data status | Provisional, early evening (5:00 p.m. to 6:29 p.m. IST) on 10 August 2026 |
| Overall subscription | 0.61x |
| Qualified Institutional Buyers (QIBs) | 0.06x |
| Non-Institutional Investors (NIIs) | 1.00x |
| Retail Individual Investors | 0.74x |
| Employees | 1.36x |
| Current GMP | ₹259 |
| GMP update | Early morning (before 9:00 a.m. IST) on 10 August 2026 |
| GMP percentage | 29.7% |
| Indicative price | ₹1,130 |
| Closing date | 12 August 2026 |
Dhoot Transmission IPO Day 1 Subscription Status
The latest Day 1 update shows demand was not yet broad-based. The employee portion was the most subscribed category at 1.36 times, followed by NIIs at 1.00 times. Retail bidding stood at 0.74 times, while Qualified Institutional Buyers (QIBs) were at 0.06 times.
| QIBs | 0.06x |
| NIIs | 1.00x |
| Retail | 0.74x |
| Employees | 1.36x |
| Overall | 0.61x |
These multiples measure bid quantity against shares available in each category, not the number of unique applicants. The employee portion also has a much smaller reservation than the main investor categories, so its 1.36x multiple should not be compared with retail or institutional demand without considering allocation size.
What the Day 1 Subscription Numbers Indicate So Far
Day 1 produced a mixed opening response. NII demand reached full subscription, and retail bids covered nearly three-fourths of the reserved portion, but QIB participation remained limited in the latest update. Institutional participation often develops later in the bidding period, although that does not mean it will necessarily accelerate here.
Overall subscription at 0.61 times means the issue had not reached full subscription at the latest Day 1 reading. Day 2 will show whether demand broadens beyond employees and NIIs.
Dhoot Transmission IPO GMP Today and Estimated Listing Price
The latest available Grey Market Premium was ₹259 on 10 August 2026. The previous available reading on 9 August was also ₹259, so the GMP was unchanged.
At the upper price band of ₹871, the indicative price works out to ₹1,130:
₹871 + ₹259 = ₹1,130
The GMP percentage is about 29.7%, calculated as ₹259 divided by ₹871, multiplied by 100.
GMP is an unofficial and unregulated market indicator. It can change quickly, and it does not guarantee the actual listing price or any listing gain. The current premium is notably stronger than the Day 1 subscription multiple, so investors should treat the two signals separately rather than assuming they confirm each other.
What Stands Out in Today’s Bidding
Two signals stand out. First, NII demand reached 1.00 times while retail demand was at 0.74 times, giving the issue meaningful non-institutional participation on its opening day. Second, the ₹259 GMP remained well above the upper price band in percentage terms even though overall subscription was below 1x.
There are also two clear limitations. QIB demand was only 0.06 times in the latest update, and Day 1 figures do not establish the final demand pattern. Also, high subscription or a positive GMP does not prove fair valuation, business quality, or future returns.
IPO Details Retail Investors Need
| Price band | ₹829 to ₹871 per share |
| Lot size | 17 shares |
| Minimum retail investment | ₹14,807 at the upper band |
| Issue size | ₹3,066.89 crore |
| Fresh issue | ₹1,400 crore |
| Offer for Sale (OFS) | ₹1,666.89 crore |
| Issue type | Mainboard, 100% book-built offer |
| Closing date | 12 August 2026 |
| Expected listing date | 17 August 2026 |
| Exchange | BSE and NSE |
The minimum retail application value is calculated as 17 shares multiplied by the upper price band of ₹871.
Brief Company and Financial Context
Dhoot Transmission designs and manufactures wiring harnesses and other electrical and electronic products for automotive and non-automotive customers. Two-wheelers were its largest user segment in Fiscal 2026, contributing 65.47% of revenue from operations. Revenue rose to ₹4,524.96 crore in Fiscal 2026 from ₹3,444.86 crore a year earlier, while profit after tax increased to ₹396.84 crore from ₹353.89 crore.
Fresh-issue proceeds are planned mainly for debt repayment, subsidiary debt reduction, new wiring-harness plants, acquisitions, and general corporate purposes. A key risk is customer concentration, with the top 10 customers contributing 80.93% of Fiscal 2026 revenue.
What Happens Next
Bidding continues on Day 2 before the IPO closes on 12 August 2026. Investors can watch whether overall subscription moves above 1x, whether QIB participation improves, whether NII and retail demand accelerates, and whether the GMP remains stable or changes. Day 1 figures are an opening snapshot, not a final verdict.
Frequently Asked Questions (FAQs)
Q: How many times was the Dhoot Transmission IPO subscribed on Day 1?
A: The Dhoot Transmission IPO was subscribed 0.61 times overall in the latest available provisional Day 1 update on 10 August 2026. Employees led at 1.36 times, followed by NIIs at 1.00 times, retail investors at 0.74 times, and QIBs at 0.06 times.
Q: What is the Dhoot Transmission IPO GMP today?
A: The latest available Dhoot Transmission IPO GMP on 10 August 2026 was ₹259 per share. The previous available reading was also ₹259, indicating no change. GMP is unofficial, unregulated, and can move quickly.
Q: What listing price does the current Dhoot Transmission IPO GMP indicate?
A: With an upper price band of ₹871 and a GMP of ₹259, the indicative price is ₹1,130 per share. This represents a GMP of about 29.7% over the upper price band, but it is not a guaranteed listing price.
Q: Does high IPO subscription guarantee a premium listing for Dhoot Transmission?
A: No. Subscription levels measure bidding demand, while GMP is an unofficial market signal. Neither guarantees a premium listing, fair valuation, business quality, or future returns. Final demand, market conditions, and investor sentiment can change before listing.
Disclaimer
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