Dhoot Transmission IPO
Dhoot Transmission IPO is a mainboard IPO raising ₹3,067 Cr at ₹829 – ₹871 a share. It listed on 17 Aug 2026 at ₹1,200, +37.8% against its issue price of ₹871, and trades at ₹1,468 today (+68.5% since issue). It was subscribed 74× in total.
74.2 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
54% of this issue is existing shareholders cashing out. Only ₹1,400 Cr reaches the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs871. Checked: exchange issue size Rs3067 Cr vs derived Rs3066.9 Cr (0.0% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus — stated total ₹917 Cr. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 31% below the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Minda Corporation Limited | 46.49× | 13.63% | ₹15.07 |
| Uno Minda Limited | 56.87× | 17.53% | ₹20.75 |
| Motherson Sumi Wiring India Limited | 43.24× | 28.92% | ₹0.94 |
| Sona BLW Precision Forgings Limited | 74.64× | 10.7% | ₹10.3 |
| This issue | 35.7× | 16.55% | ₹24.4 |
derived: cut-off price Rs871 / stated EPS Rs24.4 (FY26 (year ended March 31, 2026) diluted, restated consolidated). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.