30% Listing Gain? Dhoot Transmission IPO GMP Surges on Day 1; Check Latest Subscription Status & More Details

Indian automotive and electrical-electronics components manufacturer Dhoot Transmission Ltd has opened its Rs. 3,066.89 crore issue for public subscription today. Dhoot Transmission IPO is getting a lot of attention in the auto components sector as the issue has clocked in strong investor interest in the grey market. As per the current data, the Dhoot Transmission IPO GMP has surged close to 30%, hinting at a strong potential listing premium.

The company is looking forward to raising Rs.3,066.89 crore through its IPO. The IPO is a combination of a fresh issue and an offer for sale component. Investors who wish to participate in the Dhoot Transmission IPO can bid until August 12th.

Dhoot Transmission IPO Details

The company has fixed the price band for the IPO at Rs. 829 to Rs. 871 per share.

The minimum lot size for retail investors is 17 shares, which means they need to make a minimum investment of Rs. 14,807 at the upper end of the price band. The IPO also reserved 75,853 equity shares for eligible employees, who will receive a discount of Rs. 80 per share.
Ahead of the IPO opening, Dhoot Transmission successfully raised Rs. 918.27 crore from anchor investors last week on August 7th.

Dhoot Transmission IPO Dates

Those who wish to invest in this IPO must follow these important dates:

The ipo opened today, August 10 and will close on August 12th. The Allotment of the ipo will be finalised on August 14, and refund of the unallotted shares will be completed on August 14th. The Issue will hit both NSE & BSE on August 17th.

Dhoot Transmission IPO Subscription Status On Day 1

As of 11:14 AM on Day 1, the IPO received a modest response from investors. The issue was subscribed 0.13 times overall. In the Retail category, the IPO was bid 0.16 times, and the NII segment was subscribed 0.20 times, while the QIB section saw subscription so far.

Dhoot Transmission IPO GMP Today

In the grey market, the Dhoot Transmission IPO has been attracting huge attention.

According to the latest market data, the GMP today stands at Rs. 259 as of 10:36 AM on Monday.

As per the upper price band of Rs. 871, the estimated listing price is calculated to be around Rs 1,130 per share.It is important to note that the Grey Market Premium (GMP) is unofficial and changes frequently based on market sentiment. It does not guarantee the actual listing price of the shares.

Should Investors Watch the Dhoot Transmission IPO?

The Dhoot Transmission IPO has started with moderate subscription numbers on Day 1, but the strong GMP of Rs. 259 is pointing to an expected listing premium of nearly 30%, which has kept investor sentiment upbeat.

As per the IPO note from Master Capital Services Ltd, "Dhoot Transmission Limited is well positioned to benefit from the growing demand for automotive wiring harnesses through its diversified product portfolio, strong presence in the 2W and 3W segments, EV-focused product mix, extensive manufacturing network, providing a solid foundation for long-term growth. Investors may consider the IPO as a potential long-term investment opportunity."