Dhoot Transmission IPO Day 3 Final Subscription Status: 74.21x Subscribed; GMP at ₹263
Dhoot Transmission IPO Day 3 Final Subscription Status closed at 74.21 times, with Qualified Institutional Buyers (QIBs) leading at 212.92 times. Non-Institutional Investors (NIIs) followed at 51.93 times, while retail demand reached 8.12 times. The latest Grey Market Premium (GMP) reading is ₹263, pointing to an indicative price of ₹1,134 per share. Bidding closed on 12 August 2026.
| Metric | Final update |
| Bidding day | Day 3, Closing Day |
| Data status | Final after bidding closed on 12 August 2026 |
| Overall subscription | 74.21x |
| QIB subscription | 212.92x |
| NII subscription | 51.93x |
| Retail subscription | 8.12x |
| Employee subscription | 8.14x |
| Latest GMP | ₹263 |
| GMP percentage | 30.2% |
| Indicative price | ₹1,134 |
| Closing date | 12 August 2026 |
Dhoot Transmission IPO Day 3 Final Subscription Status
The final numbers show that demand was strongest among institutional investors. QIBs subscribed their reserved portion 212.92 times, considerably ahead of other categories. NIIs recorded 51.93 times subscription.
Retail Individual Investors (RIIs) subscribed their portion 8.12 times, while the employee reservation was booked 8.14 times.
| Investor category | Final subscription |
| Qualified Institutional Buyers (QIBs) | 212.92x |
| Non-Institutional Investors (NIIs) | 51.93x |
| Retail Individual Investors (RIIs) | 8.12x |
| Employees | 8.14x |
| Overall | 74.21x |
The final result was therefore broad-based in the sense that every reported category was oversubscribed, but the overall multiple was heavily influenced by QIB demand. Subscription multiples measure the quantity of shares bid for against shares available in each category. They should not be read as the number of unique applicants.
Final Day-wise Subscription Trend
Demand accelerated sharply over the three-day bidding period.
| Bidding stage | Overall subscription | Leading category |
| Day 1 close | 0.63x | NII, 1.09x |
| Day 2 close | 3.94x | NII, 10.82x |
| Day 3 Final | 74.21x | QIB, 212.92x |
The issue moved from 0.63 times on Day 1 to 3.94 times on Day 2, before the final-day institutional bids lifted overall subscription to 74.21 times. The increase from the Day 2 close was 70.27 times.
QIB participation was the main final-day driver. This also illustrates why early institutional subscription figures need careful interpretation, as large institutional bids frequently build later in the bidding window.
Dhoot Transmission IPO GMP Today and Estimated Listing Price
The latest available Dhoot Transmission IPO GMP is ₹263 per share as of late evening on 12 August 2026. The previous available reading was around ₹255, meaning the latest tracked premium has moved up by ₹8.
At the upper price band of ₹871:
Indicative price = ₹871 + ₹263 = ₹1,134
GMP percentage = ₹263 ÷ ₹871 × 100 = 30.2%
Another market reading around the post-close period placed GMP slightly lower, near ₹255, so grey-market quotes are not completely uniform.
GMP is an unofficial, unregulated market indicator. It can change quickly before listing and is neither published by the Securities and Exchange Board of India nor guaranteed to match the actual listing price or subsequent returns.
What Stands Out in Today’s Bidding
Two numbers stand out. First, QIB demand of 212.92 times was substantially higher than the 51.93 times NII and 8.12 times retail subscriptions. The final overall multiple therefore reflects considerable concentration in institutional demand.
Second, GMP remained around the 30% level even as subscription accelerated sharply on Closing Day. That means both indicators were positive at the close, although they measure different things.
There are important limits. A 74.21 times subscription does not establish that the IPO is fairly valued or that the underlying business will deliver strong future returns. Likewise, a ₹263 GMP is only an unofficial market signal and can reverse before listing.
IPO Details Retail Investors Need
| IPO detail | Information |
| Price band | ₹829 to ₹871 per share |
| Lot size | 17 shares |
| Minimum retail investment | ₹14,807 at upper band |
| Total 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 | NSE and BSE |
The minimum one-lot retail application at the upper price band works out to ₹871 × 17 = ₹14,807.
Brief Company and Financial Context
Dhoot Transmission manufactures wiring harnesses, electronic sensors and controllers, automotive switches, cables, connectors, terminals, and other electrical components for automotive and non-automotive customers. Revenue from operations increased to ₹4,524.96 crore in FY2026 from ₹3,444.86 crore in FY2025, while profit after tax rose to ₹396.84 crore from ₹353.89 crore.
Part of the ₹1,400 crore fresh issue will fund debt repayment, investments in subsidiaries for debt reduction, and new wiring-harness plants in Haryana and Tamil Nadu. One consideration is margin pressure. Profit growth lagged revenue growth in FY2026, while customer concentration and execution of new capacity remain relevant business risks.
What Happens Next
With bidding closed, the focus shifts to allotment and listing. The basis of allotment is expected on 13 August 2026. Refund initiation and share credit are scheduled for 14 August 2026, subject to the issue timeline, while Dhoot Transmission shares are expected to list on the NSE and BSE on 17 August 2026.
Frequently Asked Questions (FAQs)
Q: How many times was the Dhoot Transmission IPO subscribed on Day 3?
A: Dhoot Transmission IPO Day 3 Final subscription stood at 74.21 times after bidding closed on 12 August 2026. QIBs led with 212.92 times subscription, followed by NIIs at 51.93 times and retail investors at 8.12 times.
Q: What is the Dhoot Transmission IPO GMP today?
A: The latest available GMP is ₹263 per share as of late evening on 12 August 2026. The reading implies a premium of about 30.2% over the ₹871 upper price band. GMP is unofficial and can change before listing.
Q: What listing price does the current Dhoot Transmission IPO GMP indicate?
A: Adding the ₹263 GMP to the ₹871 upper price band gives an indicative price of ₹1,134 per share. This is only a grey-market calculation and does not guarantee the actual opening price on listing day.
Q: Does 74.21x subscription guarantee a premium listing for Dhoot Transmission?
A: No. High subscription indicates demand for shares during the IPO, but it does not guarantee a premium listing, fair valuation, business quality, or future returns. Market conditions and investor sentiment can change before trading begins.
Disclaimer
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