Summary:
Dhoot Transmission’s IPO closed at 74.21x subscription, surging from 3.94x on Day 2, led by NII at 51.93x and QIB at 21.92x. Retail and employee quotas were also heavily oversubscribed at 8.12x and 8.14x, respectively. The ₹3,066.89 crore IPO is backed by strong growth prospects in the automotive wiring harness and EV components market. Shares are expected to list on August 17, 2026.
Dhoot Transmission's IPO closed its bidding window on August 12, 2026, the final day of a three-day subscription period. 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 was ₹829 to ₹871 per share. Lot size is 17 shares, so retail investors needed ₹14,807 to apply at the upper end. Listing is expected August 17 on both BSE and NSE.
Dhoot Transmission IPO - Day 3 Subscription Status
Day 2 had carried the issue to 3.94x overall. Demand accelerated dramatically through the final day, with the issue closing subscribed 74.21 times overall by the close of bidding.
Category-wise Breakdown on Day 3
| Category | Subscription (Final, as of 5:03 PM close) |
| Qualified Institutional Buyers (QIB) | 21.92x |
| Non-Institutional Investors (NII) | 51.93x |
| — Big NII (>₹10L) | 58.07x |
| — Small NII (₹2–10L) | 39.64x |
| Retail Individual Investors (RII) | 8.12x |
| Employees | 8.14x |
| Overall | 74.21x |
Figures as of 5:03 PM, August 12, 2026 (final close), per NSE data. The issue received bids for 18.52 crore shares against 2.50 crore shares on offer. Note: this data reflects demand for NII, non-QIB bids in case of QIB, and cut-off bids with status as active/pending, and is updated as per the actual amount.
What Day 3 Numbers Indicate
NII has driven this final-day surge to an extraordinary degree, closing at 51.93x, with big HNIs (58.07x) running ahead of small HNIs (39.64x). This is classic closing-day behaviour, big-ticket HNI money, often funded through NBFC loans, tends to pile in during the last few hours once investor confidence in a strong listing builds up.
QIB has also surged sharply, closing at 21.92x, confirming institutional investors placed the bulk of their bids in the final stretch, exactly as expected for a large mainboard issue. Retail and the employee quota both closed at a very healthy 8.12x and 8.14x respectively, comfortably oversubscribed, though more measured than the institutional and HNI frenzy.
The jump from 3.94x at Day 2's close to 74.21x by the final close shows just how much institutional and HNI demand was held back until the closing hours, a dramatic but fairly common pattern for large mainboard IPOs where the real story only plays out on the last day.
Dhoot Transmission IPO Subscription Status – Day 3 & Final
With bidding now closed, Dhoot Transmission's IPO has finished as one of the most heavily oversubscribed mainboard IPOs of the current cycle, driven overwhelmingly by institutional and HNI conviction in the final hours. Attention now turns to the allotment process, expected on August 13, and to how the stock performs on its August 17 listing.
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?
Since bidding has now closed, here's a look back at what shaped the issue:
- 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 went 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 closed subscribed 74.21 times overall, with NII at 51.93x, QIB at 21.92x, retail at 8.12x, and the employee quota at 8.14x, reflecting overwhelming demand across every investor category.
- Given the scale of oversubscription, allotment will almost certainly be decided by lottery across every category, and the odds of receiving shares, even for one lot, will be slim.
This is informational content, not investment advice.
How to Apply for Dhoot Transmission IPO
Bidding for this issue has now closed. If you missed the window, keep an eye on the listing date to evaluate the stock from the secondary market instead.
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 |
Day 2 & Day 3 Subscription Updates
Day 2 closed at 3.94x overall. Day 3, the final day, saw an extraordinary surge, closing the issue at 74.21x overall, driven almost entirely by NII (51.93x) and QIB (21.92x).
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 the final category-wise bid numbers for the closed issue.
How to check Dhoot Transmission IPO Subscription Status on BSE website
- Visit the BSE India IPO page.
- Search for Dhoot Transmission under recently closed issues.
- Click on it to view final 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 recent issues. You'll find the final subscription numbers along with your own application status.
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. Day 2 climbed sharply to 3.94x overall, with NII surging past 10x.
Final Subscription Figures
The issue closed subscribed 74.21 times overall. QIB closed at 21.92x, NII at 51.93x (bNII 58.07x, sNII 39.64x), retail at 8.12x, and the employee quota at 8.14x.
Conclusion
Dhoot Transmission's IPO has closed out its bidding window in dramatic fashion, surging from 3.94x on Day 2 to 74.21x by the final close, powered by an extraordinary NII rush past 51 times subscription and QIB closing near 22 times. Retail and the employee quota both closed comfortably oversubscribed as well. Backed by strong structural tailwinds in India's wiring harness and EV component market, this issue has closed as one of the standout mainboard IPOs of the current cycle, heading into its August 17 listing.
