Dhoot Transmission IPO Day 2 Subscription Status: 3.94x Subscribed; GMP at ₹250-259
Dhoot Transmission’s IPO was subscribed 3.94 times on Day 2, as of early evening (5:00 p.m. to 6:29 p.m. IST) on 11 August 2026. Non-Institutional Investors (NIIs) led demand at about 10.62 times, while retail bidding reached 2.97 times. The Grey Market Premium (GMP) was quoted in a ₹250-259 range. The issue remains open and closes on 12 August 2026.
| Metric | Latest update |
| Bidding day | Day 2 |
| Data status | Early evening on 11 August 2026 |
| Overall subscription | 3.94x |
| Qualified Institutional Buyers (QIBs) | 0.50x |
| Non-Institutional Investors (NIIs) | 10.62x |
| Retail Individual Investors | 2.97x |
| Employee category | About 3.47x |
| Current GMP | ₹250-259 |
| GMP percentage | About 28.7%-29.7% |
| Indicative price | ₹1,121-₹1,130 |
| Closing date | 12 August 2026 |
Dhoot Transmission IPO Day 2 Subscription Status
Dhoot Transmission received bids for about 9.83 crore shares against roughly 2.50 crore shares available for public bidding by the latest verified Day 2 update.
| Investor category | Day 2 | Day 1 close | Change |
| QIB | 0.50x | 0.06x | +0.44x |
| NII | 10.62x | 1.09x | +9.53x |
| Retail | 2.97x | 0.74x | +2.23x |
| Overall | 3.94x | 0.63x | +3.31x |
The clearest acceleration came from NIIs. Their portion moved from just over one time subscribed at the end of Day 1 to more than 10 times on Day 2.
Retail demand also strengthened materially. QIB participation, however, remained below full subscription at 0.50 times. Institutional bidding often builds later in an IPO, but the Day 2 figure alone does not establish what QIB demand will look like on Closing Day.
Subscription multiples measure shares bid for relative to shares reserved in each category. They do not represent the number of unique applicants.
How Subscription Changed From Day 1
Overall demand rose from 0.63 times at the Day 1 close to 3.94 times by early evening on Day 2, an increase of 3.31 times.
The change was not evenly distributed. NII bidding was the main driver, while retail participation also broadened. QIB demand improved from 0.06 times to 0.50 times but remained the least subscribed major category.
That makes Closing Day important for assessing whether demand becomes more balanced across investor classes or remains concentrated in the NII segment.
Dhoot Transmission IPO GMP Today and Estimated Listing Price
Dhoot Transmission’s GMP was quoted at around ₹250 to ₹259 on 11 August 2026. The available readings differed between trackers, so a range is more appropriate than presenting one figure as definitive.
The previous available Day 1 reading was around ₹259, which means the latest grey-market indication was broadly stable to slightly lower depending on the tracker used.
At the upper price band of ₹871:
- ₹250 GMP implies an indicative price of ₹1,121 and a GMP of about 28.7%.
- ₹259 GMP implies an indicative price of ₹1,130 and a GMP of about 29.7%.
The calculation is simply the upper price band plus the GMP.
GMP is an unofficial, unregulated market indicator. It can change quickly and does not guarantee the actual listing price or any listing gain.
What Stands Out in Today’s Bidding
Two signals are notable. First, the overall subscription multiple increased sharply from Day 1, primarily because of NII demand. Second, retail bidding moved comfortably above one time, suggesting that the pickup was not restricted entirely to one category.
There are also important limitations. QIB demand was still below one time at the latest update, so the institutional picture remained incomplete. In addition, strong subscription and a positive GMP do not establish whether the IPO is fairly valued, whether the underlying business quality justifies the offer price, or whether the shares will deliver positive returns after listing.
IPO Details Retail Investors Need
| Detail | Dhoot Transmission IPO |
| Price band | ₹829-₹871 per share |
| Lot size | 17 shares |
| Minimum retail investment | ₹14,807 at ₹871 |
| Issue size | ₹3,066.89 crore |
| Fresh issue | ₹1,400 crore |
| Offer for Sale (OFS) | ₹1,666.89 crore |
| Issue type | Mainboard book-built IPO |
| Closing date | 12 August 2026 |
| Expected listing date | 17 August 2026 |
| Exchange | BSE and NSE |
The IPO combines a fresh issue with an Offer for Sale (OFS), meaning only the fresh-issue proceeds go to the company.
Brief Company and Financial Context
Dhoot Transmission designs and manufactures wiring harnesses, electrical distribution systems, battery packs, sensors, electronic controllers, automotive switches, connectors, and related components. Wiring harnesses were its largest revenue contributor in FY26, accounting for 77.08% of revenue from operations.
Revenue from operations increased to ₹4,524.96 crore in FY26 from ₹3,444.86 crore in FY25, while restated profit rose to about ₹396.84 crore from ₹353.89 crore. Fresh proceeds are intended for debt repayment, investment in subsidiaries, new wiring-harness capacity, acquisitions, and general corporate purposes. A key risk is customer concentration, with the top 10 customers contributing 80.93% of FY26 revenue.
What Happens Next
The IPO enters Closing Day on 12 August 2026. Investors can watch whether QIB participation accelerates, whether the already elevated NII multiple rises further, whether retail demand continues to build, and whether the GMP holds its current range.
Day 2 figures are not the final subscription numbers. The final category-wise picture will emerge only after bidding closes and exchange data stabilises.
Frequently Asked Questions (FAQs)
Q: How many times was the Dhoot Transmission IPO subscribed on Day 2?
A: The Dhoot Transmission IPO was subscribed 3.94 times overall as of early evening on 11 August 2026. NIIs led at about 10.62 times, retail investors subscribed 2.97 times, and QIB demand stood at 0.50 times.
Q: What is the Dhoot Transmission IPO GMP today?
A: Dhoot Transmission IPO GMP readings were around ₹250 to ₹259 on 11 August 2026. Different grey-market trackers showed slightly different figures, so the range is more useful than treating one unofficial reading as definitive.
Q: What listing price does the current Dhoot Transmission IPO GMP indicate?
A: With an upper issue price of ₹871, a GMP of ₹250 to ₹259 indicates a theoretical price of roughly ₹1,121 to ₹1,130. This is only an unofficial estimate and does not predict the actual listing price.
Q: Does high Dhoot Transmission IPO subscription guarantee a premium listing?
A: No. A high subscription multiple shows demand for shares during the bidding period, but it does not guarantee a premium listing. GMP is also unofficial, while listing performance can be affected by valuation, market conditions, company fundamentals, and investor sentiment.
Disclaimer
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