Dhoot Transmission IPO Day 2: GMP Indicates 30% Listing Gain—Is It Time to Subscribe?

The Dhoot Transmission IPO has successfully attracted significant investor interest, entering its second day of bidding on August 11, 2026. The issue has already garnered a robust subscription rate, reaching 63% overall by the end of the first day, with particular strength in the retail segment, which saw a subscription of 74%. The IPO consists of a fresh issue of equity shares totaling Rs 1,400 crore and an Offer for Sale (OFS) worth Rs 1,666.89 crore. Investors are required to make a minimum investment of approximately Rs 14,807 for one lot of 17 shares, given the IPO price band set between Rs 829 and Rs 871 per share. The public offering will remain open until August 12, with shares expected to list on the NSE and BSE by August 17, 2026.

In the grey market, the Dhoot Transmission IPO is commanding a premium of about 30%, translating to a grey market price (GMP) around Rs 259 above the upper limit of the IPO price. If this premium holds, shares could potentially list at around Rs 1,130, reflecting a significant gain for early investors. Market analysts are optimistic about the IPO’s performance, with several brokerages assigning a positive rating based on the company’s market leadership in the electrical and electronics sector, particularly in the rapidly growing electric vehicle (EV) segment.

For Indian investors, the Dhoot Transmission IPO represents a promising opportunity, particularly due to the company’s strategic positioning within the automotive E&E sector and its focus on electrification and premiumization. Analysts from AnandRathi and Ventura Securities have recommended a “Subscribe” rating, citing the company’s strong financial performance, diversification in products, and established relationships with original equipment manufacturers. While understanding the inherent risks, including customer concentration and execution challenges, investors are encouraged to consider the long-term growth potential linked to Dhoot Transmission’s expanding market share and innovative product offerings in the evolving automotive landscape.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)