Auto-component manufacturer Dhoot Transmission has opened its IPO for subscription today, August 10. The company is looking to raise around Rs. 3,066.89 cr., with the price band fixed at Rs. 829–871 per share. The issue will remain open until August 12.
The company plans to use a significant portion of the proceeds towards debt repayment, which could strengthen its balance sheet. Investors will also be watching the company’s exposure to global automobile production, electric vehicles and international customers before assessing the issue.
