Dhoot Transmission Ltd. IPO Details

Dhoot Transmission Ltd. IPO Details

MainboardUpcoming
Min. Investment
₹14,807
/ 17 Shares
Issue Price
₹829 to ₹871
Subscription
-
Issue Size
₹3066.89 Cr
Lot Size
17 Shares
Open
2026-08-10
Close
2026-08-12
Allotment
2026-08-13
Listing
2026-08-17

1. Dhoot Transmission Ltd. IPO Details (Mainboard) IPO Details

Dhoot Transmission Ltd IPO is a book-built mainboard issue of ₹3,066.89 crores. The issue consists of a fresh issue of 1.61 crore equity shares (aggregating to ₹1,400.00 Cr) and an offer-for-sale (OFS) of 1.91 crore equity shares (aggregating to ₹1,666.89 Cr).

The bidding for the IPO starts next Monday, Aug 10, 2026, and closes on Aug 12, 2026. The allotment is expected to be finalized on Aug 13, 2026. The company will list on both the BSE and NSE mainboard platforms, with a tentative listing date fixed as Aug 17, 2026.

The price band is set at ₹829–₹871 per share. The lot size for an application is 17 shares, which means the minimum amount of investment required by a retail investor is ₹14,807. An employee discount of ₹80 per share is offered.

    Grey Market Premium

    Estimated listing gains (Live)

    +₹250Per Share
    EST. GAINS
    Updated real-time from market sources

    Financial Summary

    Period Ended31 Mar 202631 Mar 202531 Mar 2024
    Assets4,114.832,336.231,711.70
    Total Income4,563.703,472.242,799.32
    Profit After Tax396.84353.89298.75
    EBITDA710.99590.96512.40
    NET Worth2,397.15978.18741.01
    Reserves and Surplus2,360.40961.53724.74
    Total Borrowing841.39776.06554.90

    Dhoot Transmission IPO Details

    IPO Date10 to 12 Aug, 2026
    Listing DateMon, Aug 17, 2026 T
    Face Value₹ 2 per share
    Price Band₹829 to ₹871
    Lot Size17 Shares
    Sale TypeFresh capital cum OFS
    Issue TypeBookbuilding IPO
    Listing AtBSE, NSE
    Employee Discount₹ 80.00
    Total Issue Size3,52,11,080 shares (agg. up to ₹ 3,067 Cr)
    Fresh Issue1,60,73,478 shares (agg. up to ₹ 1,400 Cr)
    Offer for Sale1,91,37,602 shares of ₹ 2 (agg. up to ₹ 1,667 Cr)
    Share Holding Pre Issue18,84,67,612 shares
    Share Holding Post Issue20,45,41,090 shares

    IPO Timetable (Tentative)

    EventDate
    IPO OpenMon, Aug 10, 2026
    IPO CloseWed, Aug 12, 2026
    AllotmentThu, Aug 13, 2026
    RefundFri, Aug 14, 2026
    Credit of SharesFri, Aug 14, 2026
    ListingMon, Aug 17, 2026

    Issue Reservation

    Investor CategoryShares Offered
    QIB Shares OfferedNot more than 50% of the Net Issue
    Retail Shares OfferedNot less than 35% of the Net Issue
    NII Shares OfferedNot less than 15% of the Net Issue

    IPO Lot Size

    ApplicationLotsSharesAmount
    Retail (Min)117₹14,807
    Retail (Max)13221₹1,92,491
    S-HNI (Min)14238₹2,07,298
    S-HNI (Max)671,139₹9,92,069
    B-HNI (Min)681,156₹10,06,876

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    IPO Objects of the Issue

    #Issue ObjectsEst Amt (₹ Cr.)
    1Repayment/prepayment, in full or in part, of all or certain outstanding borrowings availed by the Company464.80
    2Investment in certain of our Subsidiaries, namely, Dhoot Autocomponents Private Limited, Dhoot Electricals Systems Private Limited, Dhoot Automotive Systems Private Limited and Dhoot Transmission UK Limited, for repayment/prepayment, in full or part, of all or certain of the outstanding borrowings availed by these Subsidiaries.301.77
    3Setting up of a new wiring harness manufacturing plant of the Company at (i) Sector 11, Jhajjar, Haryana, India; and (ii) Shoolagiri, Hosur, Tamil Nadu, India150.00
    4Funding inorganic growth through unidentified acquisitions and general corporate purposes(1)-
    Total916.58

    Key Performance Indicator (KPI)

    KPIMar 31, 2026Mar 31, 2025
    ROE16.30%35.60%
    ROCE19.14%29.66%
    Debt/Equity0.350.78
    RoNW16.55%36.18%
    PAT Margin8.70%10.19%
    EBITDA Margin15.71%17.15%
    NAV149.7468.25
    Price to Book Value5.8212.76

    IPO Valuation

    Valuation MetricPre IPOPost IPO
    EPS (₹)21.0619.40
    P/E (x)41.3644.9
    Market Cap at Offer Price₹16415.53Cr.₹17,815.53 Cr

    Shareholding Structure

    CategoryPre IPOPost IPO
    Promoter and Promoter Group100%82.77%
    Public-17.23%
    Total100%100%

    Offer For Sale - Selling Shareholders

    NameCategoryNo. of Shares OfferedAmount (₹ cr.)
    BC Asia Investments XV Ltd.Promoter1,60,18,7691,395.23
    Mangalam Capital Pvt.Ltd.Promoter31,18,833271.65
    Total1,91,37,6021,666.89

    2. About Dhoot Transmission Ltd. IPO Details (Mainboard)

    Incorporated in 1998 and headquartered in Chhatrapati Sambhajinagar (Aurangabad), Maharashtra, Dhoot Transmission Limited is a leading global Tier-1 manufacturer of integrated electrical and electronics (E&E) systems. The company specializes in the design, engineering, and manufacturing of wiring harnesses, sensors, electronic controllers, battery packs, automotive switches, connectors, and power cords for ICE and electric vehicle (EV) platforms.

    Business Verticals & Position

    • Market Dominance: Ranks among the top 2 manufacturers of two-wheeler (2W) and three-wheeler (3W) wiring harnesses in India with a 41% market share.

    • EV Segment Leader: Holds approximately 70% market share in India's electric 2W/3W wiring harness segment, supplying key EV players like Ather, TVS, and Bajaj Chetak.

    • Global Footprint: Operates 15 manufacturing facilities across India, the UK, Slovakia, and Thailand, serving over 470+ global clients.

    Track Record

    • Financial Scale: Operational income expanded steadily from ₹1,620 Cr in FY24 to ₹2,180 Cr in FY25, and scaled up to ₹2,630 Cr for the fiscal year ended March 31, 2026.

    • Profitability: Net profit (PAT) demonstrated multi-fold compounding growth, expanding from ₹108.5 Cr in FY24 to ₹222.1 Cr in FY25, and reaching ₹228.8 Cr in FY26.

    • Return Metrics: Operates with high capital efficiency, featuring a Return on Equity (ROE) of 16.30% alongside a healthy EBITDA margin of 15.71% for FY26.

    Dhoot Transmission Ltd IPO GMP

    As of August 04, 2026, the Grey Market Premium (GMP) is trading strongly around ₹161–₹170 (~19.5%).

    Note: Indicating strong market interest ahead of its mainboard subscription launch next week, early grey market tracking signals estimate a tentative listing price around ₹1,041 against the upper issue price band of ₹871.

    Dhoot Transmission Ltd IPO Allotment Status

    The allotment is scheduled to be finalized on August 13, 2026.

    Check Dhoot Transmission Allotment Status

    To check your status online once the issue closes, visit the assigned registrar tracking portal or monitor updates on stock exchange mainboard channels: KFin Technologies IPO Status Portal

    You can verify your status via:

    • Registrar's website (KFin Technologies Limited)

    • BSE and NSE official mainboard tracking portals

    • Using your PAN number, Application ID, or DP ID/Client ID

    Strengths

    • EV Leadership Moat: Clear dominance in the rapidly growing electric two-wheeler wiring harness market (~70% market share).

    • Long-Standing OEM Relationships: Well-established supplier partnerships with top automotive OEMs including Bajaj Auto, TVS, Suzuki, Royal Enfield, and Honda.

    • Private Equity Backing: Strategically backed by global investment firm Bain Capital.

    Weaknesses

    • No Long-Term Volume Commitments: Automotive OEM purchase orders remain short-term, making revenues vulnerable to fluctuations in vehicle production.

    • Raw Material Price Volatility: Profit margins are sensitive to input cost variations in copper, specialty polymers, and electronic components.

    How the Company Will Use IPO Money

    The fresh issue proceeds (₹1,400.00 Cr) will be utilized for:

    • Capital Expenditure: Establishing new manufacturing plants at Jhajjar (Haryana) and Shoolagiri, Hosur (Tamil Nadu).

    • Debt Repayment: Part or full repayment/prepayment of outstanding borrowings.

    • Inorganic Growth & Corporate Purposes: Strategic acquisitions and general corporate administrative expenses.

    Lead Manager & Registrar

    • Book Running Lead Managers: Axis Capital, Kotak Mahindra Capital, Jefferies India, Nomura Financial Advisory, and SBI Capital Markets

    • Registrar: KFin Technologies Limited

      Phone: 040-67162222

      Email: dhoot.ipo@kfintech.com

    Frequently Asked Questions (Dhoot Transmission Ltd. IPO Details)

    D
    Founder | India IPO Updates

    DIPAK DANGODARA

    I am the founder of India IPO Updates, a platform dedicated to tracking the Indian IPO market since 2024. With a background in digital research and data analysis, I built this platform to simplify IPO tracking covering issue details, live Grey Market Premium (GMP), subscription status, and allotment updates sourced from public exchange data and verified market sources.

    I am not an SEBI-registered investment advisor. All GMP and market data shared here is for informational purposes only and should not be considered investment advice. Investors are advised to consult a registered financial advisor before making investment decisions.