Dhoot Transmission Limited’s IPO to open on August 10

Ahmedabad: Dhoot Transmission Limited (the “Company”) proposes to open the initial public offering (“Offer”) of its equity shares of face value ₹2 each (“Equity Shares”) on Monday, August 10, 2026. The Anchor Investor Bidding Date is a Working Day prior to Bid/Offer Opening Date, being Friday, August 07, 2026. The Bid/Offer Closing Date is Wednesday, August 12, 2026, the company announced today. 

As per the press statement, The Price Band of the Offer has been fixed from ₹ 829 per Equity Share of face value ₹2 each to ₹ 871 per Equity Share of face value of ₹2 each. Bids can be made for a minimum of 17 Equity Shares of face value ₹2 each and multiples of 17 Equity Shares of face value ₹2 each thereafter. The Floor price and the Cap Price are 414.50 times and 435.50 times the face value of the equity shares, respectively. The Price to Earnings ratio (“P/E”) based on diluted EPS for Fiscal 2026 for our company at the lower end of the price band (i.e. floor price) is 33.98 times and at the upper end of the price band (i.e. cap price) is 35.70 times as compared to the average industry peer group P/E Ratio of 55.31 times. A discount of ₹80 per equity share is being offered to eligible employees bidding in the employee reservation portion. The weighted average return on net worth for last three fiscal years is 27.06%.

The Equity Shares are proposed to be listed on BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”). For the Offer, NSE shall be the Designated Stock Exchange.

Axis Capital Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory and Securities (India) Private Limited, SBI Capital Markets Limited and 360 ONE WAM Limited are the Book Running Lead Managers.