Dhoot Transmission IPO Lists Today: Strong Debut Expected

Dhoot Transmission’s IPO is listing today, August 17, 2026, on both the BSE and NSE, after seeing an overwhelming 74.21 times overall subscription.

The IPO allotment was finalized on August 13. This strong investor interest indicates positive market sentiment for its debut.

Subscription Highlights

• Qualified Institutional Buyers (QIBs): 212.92 times
• Non-Institutional Investors (NIIs): 51.93 times
• Retail Investors: 8.12 times

The IPO’s price band was set between ₹829 and ₹871 per equity share. The minimum lot size for the issue was 17 equity shares, with a face value of ₹2.

Anticipated Listing & Grey Market Premium

Today’s Grey Market Premium (GMP) for Dhoot Transmission IPO is +264. This suggests an estimated listing price of ₹1,135 per share.

This projected price is 30.31% higher than the upper end of the IPO price band. The GMP has fluctuated between ₹146.00 and ₹276 over the past 14 trading sessions.

Expert Outlook

Mahesh M. Ojha, Vice President at Kantilal Chhaganlal Securities, noted Dhoot Transmission’s significant market share. The company holds 41.03% of India’s two-wheeler and three-wheeler wiring harness segment in FY26.

Their share increases to nearly 70% within the electric 2W/3W segment. Ojha considers the IPO fairly valued at 44.9x FY26 post-issue P/E at the upper price band.

The company’s strong market standing and exposure to the growing EV sector are key factors. Ojha anticipates margin expansion medium to long term, driven by an enriched product mix including electronic components and battery packs.

Listing Gains & Investor Strategy

Capacity expansion and new orders from leading EV manufacturers are also expected to contribute to future growth. Near-term margins might face pressure from acquisition costs and plant start-up expenses.

Ojha projects 25–30% listing gains for the IPO. He advises short-term investors to consider partial profit booking.

Long-term investors are recommended to hold the stock, while new investors should wait for price stabilization before entry.