Summary:
Dhoot Transmission's IPO opened on August 10, 2026, with the ₹3,066.89 crore issue subscribed 0.20x by 12:04 PM on Day 1. NII demand stood at 0.30x, retail at 0.26x and employee bids at 0.54x, while QIB participation remained negligible. The company has strong exposure to the growing automotive and EV wiring harness market and had already secured ₹918.27 crore from 72 anchor investors. With bidding closing on August 12, institutional and HNI participation will be key to determining the final subscription levels.
Dhoot Transmission opened its IPO for subscription on August 10, 2026. The company designs and manufactures wiring harnesses, electronic sensors and controllers, power cords, cables, automotive switches, connectors, and terminals for both automotive and non-automotive applications. It's a key supplier in a segment with strong structural tailwinds, the domestic wiring harness market across two-wheelers, three-wheelers, and commercial vehicles is forecast to grow at 12–14% annually through FY31, with the EV wiring harness segment expected to grow even faster, at 33–35% CAGR, as electrification accelerates.
This is a large IPO worth ₹3,066.89 crore, split between a fresh issue of ₹1,400 crore and an offer for sale of ₹1,666.89 crore by promoters BC Asia Investments XV Limited and Rahul Radhavallabh Dhoot. Part of the money raised goes into the business, while the rest goes to the selling promoters.
Price band is set at ₹829 to ₹871 per share. Lot size is 17 shares, so retail investors need ₹14,807 to apply at the upper end. The issue closes August 12, and listing is expected August 17 on both BSE and NSE.
Dhoot Transmission IPO - Day 1 Subscription Status
The issue has opened to a slow start, a fairly typical pattern for a large mainboard IPO on its first day, with institutional bids yet to meaningfully show up.
Category-wise Breakdown on Day 1
| Category | Subscription (Day 1, as of 12:04 PM) |
| Qualified Institutional Buyers (QIB, ex-anchor) | Negligible |
| Non-Institutional Investors (NII) | 0.30x |
| — Big NII (bNII) | 0.26x |
| — Small NII (sNII) | 0.47x |
| Retail Individual Investors (RII) | 0.26x |
| Employee | 0.54x |
| Overall (public + employee) | 0.20x |
Figures as of 12:04 PM, August 10, 2026 (Day 1), per NSE/BSE data. Investors had bid for 49,76,019 shares against 2,51,25,390 shares on offer across the public and employee categories, excluding the anchor allocation. Numbers keep climbing through the day, so treat this as a snapshot, not the final word.
What Day 1 Numbers Indicate
NII has had the busiest early start among the three main public categories, at 0.30x, with small HNIs (0.47x) ahead of big HNIs (0.26x) so far. Retail is trailing slightly at 0.26x, while the employee quota is the relative standout at 0.54x.
QIB bidding, excluding the anchor portion, has been very quiet at this stage, with only a negligible number of shares bid for against the segment's reserved pool. This is completely standard behaviour, institutional investors almost always place the bulk of their bids in the closing day or two, once they've had time to assess how the rest of the book has filled up.
Worth noting: the issue already secured ₹918.27 crore from 72 anchor investors on August 7, 2026, at the upper price band of ₹871, with domestic mutual funds like SBI, ICICI Prudential, HDFC, Axis, Mirae Asset, Nippon India, Tata, and HSBC accounting for over 61% of that allocation. That kind of strong anchor backing is a reasonable signal of institutional confidence in the business, even as public bidding builds up slowly on day one.
Dhoot Transmission IPO Subscription Status – Day 1 & Day
With a three-day bidding window and the issue still well under 1x by midday on Day 1, there's meaningful ground to cover before the August 12 close. Institutional and big HNI bids typically surge in the final one to two days, so expect the sharpest movement in QIB and NII numbers only as the window nears its end.
Dhoot Transmission IPO - Allotment and listing date
| Event | Date |
| Basis of Allotment | August 13, 2026 |
| Refund Initiation | August 14, 2026 |
| Shares Credited to Demat | August 14, 2026 |
| Listing Date | August 17, 2026 |
Should You Apply for Dhoot Transmission IPO?
A few things worth weighing before you decide:
- It's a mix of fresh issue and offer for sale, with ₹1,400 crore of the ₹3,066.89 crore raise going toward the company, while ₹1,666.89 crore goes to the selling promoters.
- FY26 revenue rose 31% year-on-year, with profit after tax growing a more modest 12%, reflecting some margin pressure even as the top line scaled up.
- The company operates in a segment with strong structural tailwinds, the domestic wiring harness market is forecast to grow 12–14% annually through FY31, with the EV wiring harness segment expected to grow at 33–35% CAGR over the same period.
- The issue already secured a strong ₹918.27 crore anchor book from 72 institutional investors, dominated by well-known domestic mutual fund houses, a reasonable early signal of institutional confidence.
- Day 1 demand has been slow across retail and NII, with QIB yet to meaningfully pick up, typical for a large mainboard issue this early in the window.
This is informational content, not investment advice. Weigh your own risk appetite before applying.
Check Out our Blog on Dhoot Transmission IPO
How to Apply for Dhoot Transmission IPO
You can apply through any of these routes:
- ASBA via net banking – log into your bank's net banking, go to the IPO section, select Dhoot Transmission, enter quantity and bid price, then authorise.
- UPI via broker app – open your broker app, find the IPO under current issues, enter your UPI ID and bid details, then approve the mandate on your UPI app.
- Physical ASBA form – submit through your bank branch if you prefer the offline route.
Bid in multiples of the 17-share lot. Applying at the cut-off price improves your allotment chances since it matches the final discovered price.
Dhoot Transmission IPO Important Dates
| Event | Date |
| IPO Open Date | August 10, 2026 |
| IPO Close Date | August 12, 2026 |
| Anchor Investor Bid Date | August 7, 2026 |
| Basis of Allotment | August 13, 2026 |
| Refunds Initiated | August 14, 2026 |
| Demat Credit | August 14, 2026 |
| Listing Date | August 17, 2026 |
How to Check Dhoot Transmission IPO Subscription Status
How to check Dhoot Transmission IPO Subscription Status on NSE website
- Go to the NSE India website and open the "Live IPO Bidding" section.
- Select Dhoot Transmission Limited from the dropdown.
- You'll see category-wise bid numbers, updated through the trading day.
How to check Dhoot Transmission IPO Subscription Status on BSE website
- Visit the BSE India IPO page.
- Search for Dhoot Transmission under active issues.
- Click on it to view live bid quantity against shares reserved, split by category.
How to check Dhoot Transmission IPO Subscription Status on Ventura?
Log into your Ventura account, go to the IPO section, and select Dhoot Transmission from the list of live issues. You'll find the live subscription numbers along with your own application status if you've already applied.
Conclusion
Dhoot Transmission's IPO has opened on a slow note, subscribed just 0.20 times by midday on Day 1, with NII leading modestly at 0.30x, retail close behind at 0.26x, and QIB yet to meaningfully show up. This isn't a red flag at this stage, the issue already secured a strong ₹918.27 crore anchor book from top domestic mutual funds, and the company operates in a wiring harness market with solid structural growth tailwinds tied to rising electrification. With three days of bidding still ahead, the real subscription story will likely unfold closer to the August 12 close.
