Dhoot Transmission allotment likely today; GMP hints at strong listing: Here's how to check your status

The wait is almost over for Dhoot Transmission IPO investors. The allotment of shares in the Rs 3,066.89-crore public issue is expected to be finalised today, August 13, giving applicants a clear answer on whether they made the cut.

Investors can check their IPO allotment status online through the issue registrar's website, as well as the BSE and NSE portals. The big talking point, meanwhile, is the grey market premium (GMP), which is hovering around 32%: a signal that the market is anticipating a strong listing for the shares.

Once the allotment is completed, successful applicants can expect their shares to be credited to their demat accounts ahead of the listing. Dhoot Transmission is scheduled to make its market debut on the BSE and NSE on August 17, 2026.


The IPO was open for subscription from August 10 to August 12 and attracted a strong response across investor categories. Overall, the issue was subscribed 74.21 times. The retail investor portion was subscribed 8.12 times, while demand from institutional investors was particularly strong. The QIB category was subscribed a staggering 212.92 times, and the NII segment saw subscription of 51.93 times.

Investors can verify their allotment through either of the following platforms:

1. Registrar's Website

• Visit KFinTech IPO Allotment page ([https://ipostatus.kfintech.com/](https://ipostatus.kfintech.com/))
• Select Dhoot Transmission from the drop-down menu.
• Enter your PAN, application number, or DP/Client ID to view allotment details.

2. NSE Website ([https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids](https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids))

• Go to NSE IPO Allotment page
• Select Equity
• Choose Dhoot Transmission
• Enter your application number and PAN.

3. BSE Website ([https://www.bseindia.com/investors/appli_check](https://www.bseindia.com/investors/appli_check))

• Select Equity under issue type.
• Select Dhoot Transmission from the dropdown.
• Enter your application number OR PAN number.
• Fill the captcha and click search to view allotment.

Dhoot Transmission IPO GMP Today

The Dhoot Transmission IPO continues to generate strong buzz in the grey market, with the GMP currently standing at around Rs 276. At this level, the stock is indicating a potential 32% premium over the upper end of the IPO price band.

Based on the prevailing GMP, Dhoot Transmission shares could potentially list at around Rs 1,147 per share, compared with the IPO's upper price of Rs 871 per share. However, grey market premiums are unofficial indicators and can change before listing.

The IPO consisted of a fresh issue of 1.61 crore equity shares aggregating Rs 1,400 crore, along with an Offer for Sale (OFS) of 1.91 crore shares worth Rs 1,666.89 crore. The company had set the IPO price band at Rs 829 to Rs 871 per share.

Axis Capital Ltd. acted as the book-running lead manager for the issue, while Kfin Technologies Ltd. was appointed as the registrar.

Anchor Investors

On August 7, 2026, Dhoot Transmission raised Rs 918.27 crore from 72 anchor investors ahead of its initial public offering, allotting 1,05,42,657 equity shares at Rs 871 apiece, the upper end of the IPO price band. Each equity share has a face value of Rs 2, with the remaining Rs 869 representing the share premium.

Where Will the IPO Proceeds Be Used?

The company plans to utilise the IPO proceeds to strengthen its balance sheet and fund future growth initiatives.

A significant portion of the net proceeds: around Rs 464.80 crore: will be used to repay or prepay certain outstanding borrowings. Additionally, nearly Rs 301.77 crore will be infused into subsidiaries, including Dhoot Autocomponents Private Limited, Dhoot Electricals Systems Private Limited, Dhoot Automotive Systems Private Limited, and Dhoot Transmission UK Limited, enabling them to reduce their debt.

The company has also earmarked Rs 150 crore to establish new wiring harness manufacturing facilities at Jhajjar, Haryana, and Shoolagiri, Hosur, Tamil Nadu, enhancing production capacity to meet rising demand. The remaining funds will support inorganic growth opportunities through acquisitions and be used for general corporate purposes.

About Dhoot Transmission

Founded in April 1998, Dhoot Transmission Ltd. is one of India's leading electrical and electronics (E&E) companies specializing in the design, engineering, manufacturing, and supply of wiring harnesses and electrical distribution systems for automotive and industrial applications.

Its diversified product portfolio includes wiring harnesses, battery packs, sensors, electronic controllers, automotive switches, terminals, connectors, and power supply cords, serving both internal combustion engine (ICE) and electric vehicle (EV) platforms.

The company ranks among the top two players in India's two-wheeler and three-wheeler wiring harness market with a 41% market share. It also dominates the electric two-wheeler and three-wheeler segment, commanding nearly 70% market share in FY26.

Beyond automotive applications, Dhoot Transmission supplies products for commercial vehicles, off-highway vehicles, agricultural equipment, and industrial applications. Notably, around 95% of its automotive product portfolio is either EV-focused or powertrain-neutral, positioning the company to benefit from long-term trends such as vehicle electrification, premiumisation, connected mobility, and automation.

The company has built long-standing relationships with leading automotive OEMs and has developed a diversified customer base backed by consistent operational performance. As of March 31, 2026, Dhoot Transmission employed 2,735 full-time employees across manufacturing, research & development, engineering, sales, finance, and corporate functions.

Financial Performance

Dhoot Transmission reported a robust financial performance in FY26, driven by strong revenue growth and steady profitability.

The company's total income increased 31% to Rs 4,563.70 crore in FY26 from Rs 3,472.24 crore in FY25. Meanwhile, Profit After Tax (PAT) rose 12% to Rs 396.84 crore, compared with Rs 353.89 crore in the previous financial year, reflecting sustained business momentum and healthy earnings growth.

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