Dhoot Transmission collects ₹918 cr from anchor investors; IPO to open on Aug 10
The ₹3,067-crore IPO’s price band has been set at ₹829-871 per share
Dhoot Transmission Ltd, an auto components manufacturer, has successfully raised ₹918.3 crore from anchor investors ahead of its initial public offering (IPO). The funds were provided by 72 investors, including BlackRock, Abu Dhabi Investment Authority, and SBI Mutual Funds, who were allotted 1.05 crore equity shares at ₹871 per share.
Domestic mutual funds, particularly eight fund houses, contributed the majority of the anchor allocation, comprising 61.27 per cent of the total anchor book. The IPO is set to open on August 10 and close on August 12, with a price band ranging from ₹829 to ₹871 per share. The proposed capitalisation stands at approximately ₹17,816 crore at the upper end and ₹17,025 crore at the lower end.
Proceeds from the fresh issue will be utilized for debt repayment, subsidiary investments, and the establishment of new manufacturing plants.
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