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Dhoot Transmission IPO price band set at ₹829-₹871 per share

The offer includes a ₹1,400 crore fresh issue plus an offer for sale of about 1.9 crore shares, with subscription running from 10 to 12 August.

Reported · Written up by our desk · Trade & Tariffs

Dhoot Transmission Limited has fixed its initial public offering price band at ₹829 to ₹871 per share, based on a face value of ₹2, according to LiveMint Markets.

The subscription period is scheduled for Monday, 10 August, and will close on Wednesday, 12 August, with anchor investor allocation set for Friday, 7 August and the basis of allotment planned for Thursday, 13 August.

The IPO lot size is 17 equity shares, with reservations of up to 50% of shares for qualified institutional buyers, at least 15% for non-institutional institutional investors, and at least 35% for retail investors. Tentative refunds are slated for Friday, 14 August, and shares are expected to be credited to investors’ demat accounts the same day following refund.

The listing is expected on Monday, 17 August on BSE and NSE. The deal includes a fresh issue of equity shares worth ₹1,400 crore and an offer for sale of around 1.9 crore shares by existing shareholders, including Bain Capital, which currently holds about 55% of the company.

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