Dhoot Transmission IPO Day 1: Subscription status, review

Dhoot Transmission IPO has opened today for public subscription. As of the end of Day 1, the issue has been subscribed 0.62 times overall. While institutional interest remains muted with QIBs subscribing only 0.06 times, the Non-Institutional Buyer (NII) category shows stronger participation, particularly from small HNI investors who have subscribed 1.54 times.

Subscription Status

The IPO sees varied interest across different investor categories on its first day of bidding.

Category	Subscription Multiple
Qualified Institutional Buyers (QIB)	0.06 x
Employees	1.28 x
Retail	0.72 x
Non-Institutional Buyers (bHNI)	0.83 x
Non-Institutional Buyers (sHNI)	1.54 x
Total Subscribed	0.62 x

About the Company

Dhoot Transmission is engaged in the transmission sector. The company is seeking to raise capital through this initial public offering to fund its growth initiatives and corporate purposes. Investors are advised to review the detailed prospectus for comprehensive business operations and financial health metrics.

Offer Details

Key details regarding the Dhoot Transmission IPO structure and pricing are as follows:

Floor Price: ₹829.00000
Ceiling Price: ₹871.00000
Minimum Bid Quantity: 17 shares
Min IPO Size: 14093
Max IPO Size: 500000

Investors looking to participate should note that the minimum application amount is determined by the ceiling price multiplied by the minimum bid quantity.

Dhoot Transmission has opened its Initial Public Offering (IPO) to investors. The company’s DRHP filing outlines the structure of the issue, which includes a fresh issue and an Offer For Sale (OFS). As of the latest update, the subscription status stands at 0x across all investor categories.

Subscription Status

The IPO is currently open for bidding. Below are the subscription details as reported:

Category	Subscription Multiple
Qualified Institutional Buyers (QIB)	0 x
Non-Institutional Buyers (HNI)	0 x
Retail Investors	0 x
Employees	0 x
Total Subscribed	0 x

Note: Non-Institutional Buyers data includes both B-HNI and S-HNI categories.

Offer Details

The key parameters for the Dhoot Transmission IPO are as follows:

Floor Price: ₹829.00000
Ceiling Price: ₹871.00000
Minimum Bid Quantity: 17 shares
Issue Size Range: ₹14093 crore (Min) to ₹500000 crore (Max)

Investors can apply within this price band during the open subscription period. The minimum lot size is determined by the minimum bid quantity of 17 shares.

About the Company

Dhoot Transmission is engaging in an initial public offering to raise capital. The company has filed its Draft Red Herring Prospectus (DRHP) with SEBI, detailing its business operations and financial health. The issue size indicates a significant capital raising event, with a maximum potential size of ₹500000 crore.

Key Dates

Investors should monitor the official exchange websites for the final closing date, allotment date, and listing date. The subscription window remains open until the specified close date.