Shares of Dhoot Transmission made solid Dalal Street debut on Monday, listing at 38% premium over IPO price. The stock opened at Rs 1,193.80 and Rs 1,200 on BSE and NSE, respectively, as compared to its issue price of Rs 871.
The IPO was open for subscription from August 10 to August 12 and received an overwhelming response from investors across categories. Overall, the issue was subscribed 74.21 times. The retail portion was subscribed 8.12 times, while institutional demand was particularly strong. The Qualified Institutional Buyers (QIB) category was subscribed a staggering 212.92 times, while the Non-Institutional Investors (NII) segment saw subscription of 51.93 times.
