Dhoot Transmission’s initial public offering was subscribed 75.06 times overall by the time bidding closed on August 12. Allotment status went live on August 13, and shares are set to list on the NSE and BSE on August 17, 2026.

The Nashik-based company sold shares in a price band of ₹829 to ₹871 apiece, seeking to raise ₹3,067 crore. Investors could bid for a minimum lot of 17 shares. Institutional buyers drove much of the demand during the offer’s three-day window from August 10 to 12.

Dhoot Transmission has operated since 1998 as a maker of wiring harnesses, battery packs, sensors, electronic controllers and switches for the automotive industry. Its components go into vehicles built by some of India’s largest carmakers. That puts the company inside an electrical and electronics supply chain that has grown alongside the country’s shift toward electric vehicles.

The grey market premium hovered near ₹276 after subscription closed. That suggested investors expected a listing well above the issue price, though grey market activity is unofficial and often swings sharply before shares actually trade. Traders treat the figure as a sentiment gauge rather than a guaranteed listing price.

Refunds for investors who did not receive an allotment are scheduled for August 14. Shares are expected to hit successful bidders’ demat accounts the same day. Anyone who applied can check allotment status through KFin Technologies, the registrar handling the issue. The BSE and NSE websites also allow checks using a PAN number or application number.

The listing adds to a busy stretch for India’s primary market this month. Auto-component and electronics manufacturers have drawn outsized investor interest as the sector expands its role in electric vehicle supply chains. Whether Dhoot Transmission holds its grey market gains once trading opens on August 17 will be the next test. The stock drew heavy institutional demand well before its debut, and that demand will now face the reality of open trading.