π Dhoot Transmission debuts big, 38% premium on IPO
Dhoot Transmission shares made a strong market debut on Monday, opening at a 38% premium over its IPO price. The listing took place on BSE and NSE, with the issue price being Rs 871. The IPO, which ran from August 10 to August 12, was subscribed 74.21 times overall. The company plans to use the funds to reduce debt and fund expansion across its subsidiaries and new facilities. Furthermore, Dhoot Transmission holds a 41% market share in the two-wheeler wiring harness market.