Archive · 12 Aug 2026
Dhoot Transmission IPO sees 74.21x subscription, 29% grey market premium
Dhoot Transmission is a company that makes car parts, and it wanted to raise money by selling shares to the public in an IPO.
Lots of people wanted to buy shares, about 74 times more than the company offered.
Big investors like banks and funds wanted 213 times more shares than were available.
Other large investors wanted about 52 times more, and regular people wanted about 8 times more.
Even before the shares start trading, people in a special unofficial market said the shares could be worth 29% more than the asking price.
That is called a grey market premium, and it hints the stock may list at a higher price.
In the end, the actual share price always depends on how buyers and sellers feel on the day.
Nobody can guarantee gains, because prices go up and down with market mood.
The company is expected to start trading on the stock exchange on August 17.
Dhoot Transmission's Rs 3,067 crore IPO closed with an overall subscription of 74.21 times, with bids for over 185 crore shares against 2.49 crore offered.
The Qualified Institutional Buyers (QIBs) segment was the strongest, oversubscribed 212.92 times.
Non-institutional investors subscribed 51.93 times, retail investors 8.12 times, and the employees' quota 8.14 times.
Shares are trading at a grey market premium of 29% — Rs 254 above the upper price band — implying an estimated listing price of Rs 1,125.
The issue, priced at Rs 829-871 per share, was fully subscribed on its second day; allotment is expected by August 13 and listing on August 17.
- Who
- Dhoot Transmission, an auto component manufacturer, launched the IPO; investors across QIB, non-institutional, retail, and employee segments bid for shares.
- What
- The Rs 3,067 crore IPO ended with a 74.21x subscription and a 29% grey market premium, signaling expected listing gains.
- When
- Bidding ran from August 10-12; allotment is expected by August 13, share crediting by August 14, and listing on August 17.
- Where
- On Indian stock exchanges, with shares trading at a premium in the unlisted grey market.
- Why
- Strong investor demand across all categories drove the heavy oversubscription and the grey market premium signaling expected listing gains.
- Company
- Dhoot Transmission (auto component manufacturer)
- IPO size
- Rs 3,067 crore
- Price band
- Rs 829 - Rs 871 per share
- Overall subscription
- 74.21x
- QIB subscription
- 212.92x
- Retail subscription
- 8.12x
- Grey market premium
- 29% (Rs 254; estimated listing price Rs 1,125)
- Listing date
- Expected August 17