National, August 4, 2026: Dhoot Transmission Limited will open its initial public offering (IPO) for subscription on Monday, August 10, 2026, with the issue closing on Wednesday, August 12, 2026. The anchor investor bidding will take place on Friday, August 7.
The company has fixed the IPO price band at ₹829 to ₹871 per equity share, with each share having a face value of ₹2. Investors can bid for a minimum of 17 shares and in multiples of 17 thereafter. At the upper price band, a minimum lot will cost ₹14,807.
The IPO comprises a fresh issue of equity shares worth up to ₹1,400 crore and an offer for sale (OFS) of up to 1,91,37,602 equity shares by existing shareholders. The OFS includes shares offered by BC Asia Investments XV Limited and Mangalam Capital Private Limited.
At the price band, the company’s P/E ratio based on diluted FY2026 earnings is 33.98 times at the floor price and 35.70 times at the cap price, compared with an industry peer average P/E of 55.31 times.
The company will reserve not less than 35% of the net offer for retail individual bidders, while not less than 15% will be available for non-institutional bidders. Eligible employees will receive a ₹80 per-share discount.
The equity shares are proposed to be listed on the BSE and NSE, with NSE serving as the designated stock exchange.
Axis Capital, Jefferies India, Kotak Mahindra Capital, Nomura, SBI Capital Markets and 360 ONE WAM are the book running lead managers.
