Dhoot Transmission IPO GMP History | Listing Price ₹1200 & Kostak Rate
Dhoot Transmission IPO has been listed on August 17, 2026 at a listing price of ₹1200, against the issue price of ₹871 — a gain of ₹329 (+37.77%). The GMP peaked at ₹276 on 13 August 2026 and reached a low of ₹247 on 7 August 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Dhoot Transmission IPO raised ₹3066.89 Cr. through its IPO at a price band of ₹829 to ₹871 per share, with a lot size of 17 shares. The IPO was open for subscription from 10 Aug 2026 to 12 Aug 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 8 Sep, 1:37 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 17 Aug 2026 | ₹ 262 | — | 30.08% | ₹ 0 | ₹ 0 |
| 16 Aug 2026 | ₹ 262 | ▲ | 30.08% | ₹ 0 | ₹ 0 |
| 15 Aug 2026 | ₹ 255 | ▼ | 29.28% | ₹ 0 | ₹ 0 |
| 14 Aug 2026 | ₹ 262 | ▼ | 30.08% | ₹ 0 | ₹ 0 |
| 13 Aug 2026 | ₹ 276 | — | 31.69% | ₹ 0 | ₹ 0 |
| 12 Aug 2026 | ₹ 276 | ▲ | 31.69% | ₹ 0 | ₹ 0 |
| 11 Aug 2026 | ₹ 255 | ▲ | 29.28% | ₹ 0 | ₹ 0 |
| 10 Aug 2026 | ₹ 250 | ▼ | 28.70% | ₹ 0 | ₹ 0 |
| 09 Aug 2026 | ₹ 259 | — | 29.74% | ₹ 0 | ₹ 0 |
| 08 Aug 2026 | ₹ 259 | ▲ | 29.74% | ₹ 0 | ₹ 0 |
| 07 Aug 2026 | ₹ 247 | ▼ | 28.36% | ₹ 0 | ₹ 0 |
| 06 Aug 2026 | ₹ 259 | ▲ | 29.74% | ₹ 0 | ₹ 0 |
| 05 Aug 2026 | ₹ 253 | — | 29.05% | ₹ 0 | ₹ 0 |
| 04 Aug 2026 | ₹ 253 | — | 29.05% | ₹ 0 | ₹ 0 |
Dhoot Transmission IPO dates
Key dates from opening to listing. Today is 19 September.
- Open 10 Aug 2026
- Close 12 Aug 2026
- Allotment 13 Aug 2026
- Refund/credit 14 Aug 2026
- Listing 17 Aug 2026
Dhoot Transmission IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹871 |
|---|---|
| GMP-based estimate (pre-listing) | ₹1133 (+30.1%) |
| Listing gain / loss | +₹329 per share |
| Listing date | 17 Aug, 2026 |
| Actual listing price | ₹1200 (+37.77%) |
Is Dhoot Transmission IPO GMP reliable?
Grey market premium for Dhoot Transmission IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Dhoot Transmission IPO full review for a fundamentals-based assessment before making any grey market trades.
Dhoot Transmission IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Dhoot Transmission IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Dhoot Transmission IPO
Dhoot Transmission Limited was started in April 1998. It is one of India's leading electrical and electronics companies. It designs, engineers, manufactures and supplies wiring harnesses and electrical distribution systems. These are used in vehicles as well as in non-automotive applications.
The product list is wide. It includes wiring harnesses, battery packs, sensors and electronic controllers, automotive switches, terminals, connectors and power supply cords. The company makes parts for both petrol and diesel vehicles (ICE) and for electric vehicles.
The company is among the top two players in India's two-wheeler and three-wheeler wiring harness market, with about 41% market share. In the electric two-wheeler and three-wheeler segment it is the leader with nearly 70% share in FY2026. Its products are also used in commercial vehicles, off-highway vehicles, farming equipment and industrial machines.
About 95% of its automotive product range is either EV-focused or works on any type of powertrain. This helps the company benefit from the shift to electric vehicles, premium models, connected vehicles and automation.
The company has long-term relationships with big vehicle makers and keeps a mixed customer base. As on 31 March 2026, it had 2,735 full-time employees working in manufacturing, R&D, engineering, sales, finance and corporate roles.
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 6
- 01It is among the top two players in India's two-wheeler and three-wheeler wiring harness market with about 41% share. In the electric 2W and 3W segment it is the leader with nearly 70% share in FY2026.
- 02The company is ready for the EV shift. About 95% of its automotive product range is either EV-focused or works on any type of powertrain, so a move away from petrol and diesel vehicles will not hurt it much.
- 03Business has grown well. Total income went up from Rs 2,799.32 crore in FY2024 to Rs 4,563.70 crore in FY2026. Profit after tax rose from Rs 298.75 crore to Rs 396.84 crore in the same period.
- 04Return ratios are strong. RoCE was 29.66% and RoNW was 36.18%. EBITDA for FY2026 was Rs 710.99 crore.
- 05The product range and the end markets are spread out. Apart from two and three wheelers, the parts go into commercial vehicles, off-highway vehicles, farm equipment and industrial uses.
- 06Rs 150 crore of the fresh money will build two new wiring harness plants, at Jhajjar in Haryana and Shoolagiri, Hosur in Tamil Nadu. This adds capacity close to customer clusters.
Risks · 8
- 01More than half the issue is an offer for sale. Out of Rs 3,066.89 crore, about Rs 1,666.89 crore is OFS and goes to the selling shareholders. The company will receive only about Rs 1,400 crore.
- 02Profit is growing much slower than sales. Between FY2025 and FY2026 revenue went up 31% but profit after tax rose only 12%. This shows margin pressure.
- 03The issue is not cheap. At the upper band of Rs 871, the P/E works out to about 44.9 times on an EPS of Rs 19.40.
- 04Borrowings are high. Total borrowing was Rs 841.39 crore as on 31 March 2026, up from Rs 554.90 crore in FY2024. Rs 464.80 crore of the fresh issue and another Rs 301.77 crore put into subsidiaries will go towards repaying loans.
- 05The auto parts business is cyclical. Two-wheeler and three-wheeler sales go up and down with the economy, festive demand, financing and fuel prices.
- 06The company supplies to a few large vehicle makers. Losing any big OEM, or a fall in their production, will directly hit revenue.
- 07Promoter holding will come down from 100% to 82.77% after the issue. BC Asia Investments XV Ltd, a promoter, is selling shares worth about Rs 1,395.23 crore in this offer.
- 08Part of the money is kept for buying companies that have not been identified yet. There is no clarity today on where this will be spent.
Frequently asked
What is the GMP of Dhoot Transmission IPO?
The current Grey Market Premium (GMP) of Dhoot Transmission IPO is ₹ 262.
What is the Kostak Price of Dhoot Transmission IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Dhoot Transmission IPO is currently not available.
What is the Subject to Sauda Price of Dhoot Transmission IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.
What was the actual listing price of Dhoot Transmission IPO?
Dhoot Transmission IPO listed on August 17, 2026 at ₹1200, against the issue price of ₹871 — a gain of +37.77%.
How did the GMP of Dhoot Transmission IPO trend before listing?
The GMP of Dhoot Transmission IPO was stable in its final days before listing. The GMP peaked at ₹276 on 13 August 2026. View the day-wise table above for the complete GMP history.
Explore Dhoot Transmission IPO further
For a complete picture before making your investment decision, explore these resources.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
