Dhoot Transmission IPO subscribed 36% so far on day 1, brokerages largely bullish
Brokerages have largely taken a positive view of the issue, with SBI Securities, Swastika Investment, Anand Rathi, Ventura Securities and Choice Broking recommending subscription
The Dhoot Transmission IPO saw a 36% subscription on the first day of bidding, with brokerages largely taking a positive view of the issue. Qualified institutional buyers subscribed 0.01 times, while non-institutional investors subscribed 0.55 times, retail investors subscribed 0.47 times, and employees subscribed 0.85 times. The auto components maker, backed by Bain Capital, aims to raise ₹3,067 crore through the IPO, with the price band set at ₹829-871 per share.
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- What brokerages say on Dhoot Transmissions IPO that opens today at ₹829-871 thehindubusinessline.com
