Summary:
Dhoot Transmission IPO subscription rose sharply to 3.94x by the end of Day 2, up from 0.20x on Day 1. NII demand led the surge at 10.82x, while retail and employee categories reached 2.97x and 3.48x, respectively. QIB subscription remained at 0.50x, leaving room for further institutional bidding on the final day. The ₹3,066.89 crore IPO closes on August 12, with listing scheduled for August 17.
Dhoot Transmission's IPO is now in its second day of bidding, August 11, 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 ₹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 today, August 12, and listing is expected August 17 on both BSE and NSE.
Dhoot Transmission IPO - Day 2 Subscription Status
Day 1 closed with the issue subscribed 0.20 times overall, a slow start typical for a large mainboard IPO. Demand has picked up sharply on Day 2, driven overwhelmingly by NII bidding.
Category-wise Breakdown on Day 2
| Category | Subscription (Day 2, as of 5:00 PM) |
| Qualified Institutional Buyers (QIB) | 0.50x |
| Non-Institutional Investors (NII) | 10.82x |
| — Big NII (bNII, >₹10L) | 10.38x |
| — Small NII (sNII, ₹2–10L) | 11.11x |
| Retail Individual Investors (RII) | 2.97x |
| Employee | 3.48x |
| Overall | 3.94x |
Figures as of 5:00 PM, August 11, 2026 (Day 2, consolidated bid details), per NSE data. The issue received bids for 9.83 crore shares against 2.49 crore shares on offer.
What Day 2 Numbers Indicate
NII has driven this surge in dramatic fashion, jumping to 10.82x, with both big HNIs (10.38x) and small HNIs (11.11x) running neck and neck at extremely high levels. This kind of jump from Day 1 to Day 2 usually reflects big-ticket HNI money, often funded through NBFC loans, moving in earlier than the typical last-day rush, a sign of strong conviction in the listing.
Retail has also picked up meaningfully, from 0.26x on Day 1 to 2.97x by Day 2's close, comfortably oversubscribed and now firmly in lottery-allotment territory. The employee quota is running even hotter, at 3.48x.
QIB, at 0.50x, remains the one category still short of full subscription. This is standard behaviour, institutional investors typically place the bulk of their bids in the final hours of the closing day, so this figure has meaningful room to move before the issue shuts today.
Overall subscription at 3.94x by Day 2's close confirms the issue has moved firmly into oversubscribed territory, a sharp turnaround from the muted opening on Day 1.
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.
- NII demand has surged past 10x by Day 2, alongside a strong ₹918.27 crore anchor book secured before opening, both reasonable signals of investor and institutional confidence.
- With retail and NII already deep into oversubscribed territory, allotment in these categories is very likely to be decided by lottery, given how far demand has run ahead of the shares on offer.
This is informational content, not investment advice. Weigh your own risk appetite before applying.
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.
Since this is the closing day, get your application in well before the cut-off this evening. Bid in multiples of the 17-share lot, and apply at the cut-off price to keep your allotment chances intact.
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.
IPO Subscription History
Previous Day Subscription
Day 1 closed with the issue subscribed 0.20 times overall, with NII leading at 0.30x, retail at 0.26x, and QIB yet to meaningfully pick up.
Final Subscription Figures
Final numbers will only be available after the issue closes today, August 12, 2026. Check back once bidding wraps up for the complete category-wise final tally.
Conclusion
Dhoot Transmission's IPO has turned around dramatically on Day 2, climbing from 0.20x at Day 1's close to 3.94x, powered almost entirely by an extraordinary NII surge past 10x. Retail and the employee quota have also moved comfortably into oversubscribed territory, while QIB, at 0.50x, remains the category with the most room to move as the issue heads into its final hours of bidding today.
