Dhoot Transmission IPO Day 2 Live: Total subscribed 3.86x, NII leads

Dhoot Transmission’s initial public offering is witnessing steady investor participation as it enters its second day of subscription. By the end of Day 2, the issue has been subscribed 3.86 times cumulatively. The Non-Institutional Buyer (NII) category has emerged as the primary driver of demand, with both business HNI (bHNI) and small HNI (sHNI) investors subscribing significantly above their quotas.

Subscription Status

The IPO saw varied levels of interest across different investor categories on Day 2. While Qualified Institutional Buyers (QIBs) showed modest interest at 0.49x, retail investors contributed with a 2.94x subscription. The standout performance came from the NII segment, where bHNI investors subscribed 10.06x and sHNI investors subscribed 10.93x. Employee category also saw a healthy 3.44x subscription.

Category	Subscription Multiple
QIB	0.49 x
Retail	2.94 x
Employees	3.44 x
NII (bHNI)	10.06 x
NII (sHNI)	10.93 x
Total	3.86 x

About the Company

Dhoot Transmission is a prominent player in the automotive transmission sector. The company designs, manufactures, and markets manual transmissions for passenger cars, utility vehicles, and light commercial vehicles. With a strong presence in the Indian market, Dhoot Transmission supplies to major OEMs and has a well-established distribution network for aftermarket sales. The company leverages its engineering capabilities and long-standing relationships with customers to maintain its competitive edge.

Key Dates

Investors looking to participate in the remaining days of the IPO should note the following timeline:

IPO Close Date: The issue will close on the scheduled final day of subscription.
Allotment Date: Allotments will be processed shortly after the closure of the book.
Listing Date: Shares are expected to list on BSE and NSE following allotment.

The price band for the issue is set between ₹829 and ₹871 per share. The minimum bid quantity is 17 shares, making the minimum investment requirement ₹14,093. The maximum IPO size stands at ₹500,000 crore, reflecting the scale of the offering.

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.