Dhoot Transmission IPO Closes Today: Over 7x Subscription And Strong Rs 258 GMP Hint At Lucrative Listing

The bidding window for the Dhoot Transmission initial public offering officially closes today, August 12, 2026. Backed by solid investor enthusiasm across various categories, the Rs 3,066.89 crore mainboard public issue has garnered massive attention, driven by robust performance in the grey market and high expectations of a profitable market debut.Subscription Status and Category-Wise BreakdownAs of 11:30 AM on the final day, the public issue witnessed an overall subscription of 7.73 times. Investor participation across different brackets reflects strong market confidence:Retail Category: Subscribed 4.56 times.Non-Institutional Investors (NII): Registered heavy demand, being subscribed 24.63 times.Qualified Institutional Buyers (QIB): Secured steady participation at 0.64 times.Price Band, Lot Size, and Anchor Investor DetailsThe company has set its price band at Rs 829 to Rs 871 per equity share. Investors can apply for a minimum lot size of 17 shares, requiring a minimum retail investment of Rs 14,807. Additionally, the company has extended a special discount of Rs 80 per share to its eligible employees. The shares are scheduled for listing on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Prior to the public opening, the issue successfully raised Rs 918.27 crore from anchor investors on August 7.Robust Grey Market Premium (GMP) Points to Strong Listing GainsThe public issue has maintained a solid footing in the unlisted market. According to tracking data from Investors Gain, the Dhoot Transmission IPO is commanding a grey market premium (GMP) of Rs 258, reflecting an uptick from previous sessions. Based on current trends, market analysts estimate a potential listing gain of approximately 29.62 percent above the issue price. Throughout the bidding period, the GMP has fluctuated between a peak of Rs 259 and a low of Rs 146 per share.Issue Structure and Management TeamThe total issue size stands at Rs 3,066.89 crore, comprising a fresh issuance of 16.1 million shares alongside an offer for sale (OFS) valued at Rs 1,400 crore. Axis Capital is acting as the lead manager for the public offer, while KFin Technology Limited serves as the official registrar managing allocation and refunds.