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04/08/2026 11:50

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Dhoot Transmission announces launch of initial public offering

Dhoot Transmission Ltd. has announced public offering of 35211080 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 869.00 per share. The gross proceeds of the issue are expected to be Rs 3,06,688.51 lakhs.

The company's initial public offer (IPO) will open on 10 August 2026 and is expected to close on 12 August 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 829.00-871.00 per share.

The IPO includes a fresh Issue of 35211080 Equity Shares of the Company at an price of Rs 871.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 17 shares with bids in multiples of 17.

Dhoot Transmission Ltd. anticipates using the proceeds of the issue for .

Axis Capital Ltd.,Nomura Financial Advisory & Securities (I) P Ltd.,Kotak Mahindra Capital Company Limited,SBI Capital Markets Ltd.,Jefferies India Pvt. Ltd.,360 ONE WAM Ltd. as lead manager(s) & KFin Technologies Ltd. is the registrar, to the issue.