Dhoot Transmission Ltd. IPO Details
Dhoot Transmission was incorporated on April 28, 1998. The company is one of India’s leading electrical and electronics manufacturers, designing and supplying wiring harnesses, electrical distribution systems, sensors, controllers, and related components for automotive and industrial applications. Its product portfolio supports both ICE and electric vehicles, catering to stringent performance, safety, and reliability requirements of OEMs
| Bidding Dates |
|---|
| 10 Aug 2026 - 12 Aug 2026 |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,093 | 1 | 13 | 17 | 35.2 M | ₹829 - ₹871 | 82.78 % | ₹29190.0 M - ₹30668.9 M | RHP DOC |
Dhoot Transmission issue details
Dhoot Transmission has 35.2 M shares on offer
Dhoot Transmission IPO offer price is in the range ₹829 - ₹871
Dhoot Transmission IPO minimum Investment is ₹14093
Dhoot Transmission IPO issue size is ₹ 29190.0 M - ₹ 30668.9 M
Dhoot Transmission has a minimum lot size of 17 Shares per application
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Dhoot Transmission IMPORTANT IPO DATES
| Issue Open Date | 10 Aug 2026 |
| Issue close Date | 12 Aug 2026 |
| Allotment Date | 13 Aug 2026 |
| Refund Date | 14 Aug 2026 |
| Demat Account Credit Date | 14 Aug 2026 |
| Listing Date | 17 Aug 2026 |
| Listing on Exchange(s) | NSE and BSE |
Dhoot Transmission IPO subscription opens on 10 Aug 2026, and closes on 12 Aug 2026
IPO allotment for Dhoot Transmission is expected to be finalized on Thursday, 13 Aug 2026
IPO listing for Dhoot Transmission will be on NSE and BSE on Monday, 17 Aug 2026
Dhoot Transmission NUMBER OF SHARES ON OFFER
Dhoot Transmission FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 4,525.0 | 396.8 | 347.7 | 19.5 | 15.7% |
| FY25 | 3,444.9 | 353.9 | 320.2 | -64.7 | 17.2% |
| FY24 | 2,797.7 | 298.7 | 241.1 | -31.2 | 18.3% |
Dhoot Transmission Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dhoot Transmission Ltd. | 871 | 17815.5 | 44.9 | 3.7 | 3.9 | 16.3 | 9.6 | 4563.7 | 31.4 | 396.7 | 12.1 | 19.4 | 12.1 |
| Samvardhana Motherson International Ltd. | 168.5 | 177842.4 | 40.6 | 1.3 | 1.4 | 9.4 | 3.5 | 126414.2 | 10.7 | 3859.7 | 1.5 | 4.1 | 31.9 |
| Bosch Ltd. | 42950 | 126685.7 | 45.7 | 1.2 | 6.3 | 18.7 | 12.8 | 20888.7 | 10.5 | 2773.2 | 37.6 | 940.2 | 37.6 |
| UNO Minda Ltd. | 1285 | 74204.5 | 61.7 | 3.8 | 3.6 | 17.5 | 8.7 | 19692 | 17.2 | 1197.1 | 27 | 20.8 | 16.2 |
| Tube Investments of India Ltd. | 2772 | 53658.2 | 84.3 | -16 | 2.3 | 8.2 | 3 | 23234.6 | 17.1 | 636.8 | -5.5 | 32.9 | -5.3 |
| Sona BLW Precision Forgings Ltd. | 818 | 51009.7 | 73.3 | 3.8 | 10.3 | 10.7 | 8.6 | 4572.1 | 24.2 | 640.2 | 6.5 | 11.2 | 19.2 |
Dhoot Transmission INFORMATION ON IPO ISSUE
About Dhoot Transmission
Dhoot Transmission was incorporated on April 28, 1998. The company is one of India’s leading electrical and electronics manufacturers, designing and supplying wiring harnesses, electrical distribution systems, sensors, controllers, and related components for automotive and industrial applications. Its product portfolio supports both ICE and electric vehicles, catering to stringent performance, safety, and reliability requirements of OEMs
Object of the Issue
- Repayment/prepayment, in full or in part, of all or certain outstanding borrowings availed by the company
- Investment in certain of their subsidiaries for repayment/prepayment, in full or part, of all or certain of the outstanding borrowings availed by Dhoot Autocomponents Private Limited, Dhoot Electricals Systems Private Limited, Dhoot Automotive Systems Private Limited and Dhoot Transmission UK Limited.
- Setting up of a new wiring harness manufacturing plant by the company at Jhajjar, Haryana, India (“Jhajjar Wiring Harness Plant”), and Shoolagiri, Hosur, Tamil Nadu, India
- Funding inorganic growth through acquisitions and general corporate purposes
Dhoot Transmission - PROMOTERS
| Name |
|---|
| Rahul Radhavallabh Dhoot |
| BC Asia Investments XV Limited |
Dhoot Transmission - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Ajay Seth | Chairman & Independent Director |
| Rahul Radhavallabh Dhoot | Managing Director |
| Dhiren Vinodrai Sheth | Executive Director |
| Saahil Haresh Bhatia | Non-Executive Director |
| Rishi Mandawat | Non-Executive Director |
| Burjor Kersasp Dadachanji | Non-Executive Director |
| Tarun Dharampal Sharma | Independent Director |
| Matangi Gowrishankar | Independent Director |
Dhoot Transmission Book Running Lead Manager
Axis Capital Limited
dtl.ipo@axiscap.in
Jefferies India Private Limited
Dhoot.Transmission.IPO@jefferies.com
Kotak Mahindra Capital Company Limited
Dhoot.ipo@kotak.com
Nomura Financial Advisory and Securities (India) Private Limited
dhootipo@nomura.com
SBI Capital Markets Limited
dhoottransmission.ipo@sbicaps.com
360 ONE WAM Limited
dhoottransmission.ipo@360.one
Dhoot Transmission Registrar to the Offer
Kfin Technologies Limited
dhoot.ipo@kfintech.com
Dhoot Transmission Strengths
Wiring harness market leadership
The company is one of the largest manufacturers of wiring harnesses for the 2W and 3W segments, with strong market presence supported by a broad product portfolio and deep integration with OEM development programs. Its rapid product development capabilities are demonstrated by delivering a customized USB Type-C charger solution within four months, which led to large-scale production, industry recognition, and repeat OEM orders
High customer switching costs advantage
The company maintains strong customer retention due to deep engineering integration and supply chain linkages that increase switching costs for customers. This is supported by timely quality delivery, customer-owned tooling, continuous value engineering and cost optimisation, and proximity to customer facilities enabling efficient change management
EV wiring harness growth exposure
The company manufactures wiring harnesses critical to power distribution, signal control, and connectivity in modern and electric vehicles, including 2W and 3W segments. With rising EV penetration in India, its revenue contribution from EV-related products has grown significantly, reflecting its increasing participation in the expanding electric mobility market
Dhoot Transmission Risks
Working capital intensive
The company operates in a capital-intensive business requiring significant investments in manufacturing facilities, equipment, and working capital to support operations and expansion. Any delay or inability to secure adequate funding could hinder capacity expansion, technology upgrades, and new facility development, potentially affecting growth opportunities and financial performance
Industrial safety & accident risk
The company’s manufacturing operations involve hazardous materials and heavy machinery, exposing it to risks of industrial accidents, injuries, and property damage. Any such incidents, including fires, explosions, or equipment failures, could disrupt operations, lead to regulatory liabilities, and adversely impact financial performance and reputation
Pricing pressure & margin risk
The company faces pricing pressure from customers, competitive bidding processes, and cost reduction demands, which may limit its ability to pass on input cost increases. Additional factors such as value engineering requirements, localization, dual sourcing, and contractual penalties for quality or delivery issues may further compress margins and adversely impact revenue and profitability
IPO FAQs
This IPO consists of an offer for sale of up to Rs 1,666.9 crore, of 19,137,602 shares. It also consists of a fresh issue of Rs 1,400.0 crore.
The promoters of the company are Rahul Radhavallabh Dhoot and BC Asia Investments XV Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 829.0 - 871.0.
The IPO application opens on Aug 10, 2026 and closes on Aug 12, 2026.
The minimum lot size for the IPO is 17. The maximum lot size for the IPO is 221.
For all category investors, the minimum application amount for this IPO is Rs. 14,093.0, the maximum value for this IPO is Rs 192,491.0.
This IPO will be allotted on Aug 13, 2026.
The refund will be credited to your account on Aug 14, 2026.
The allotted shares will be credited to your demat on Aug 14, 2026.
Dhoot Transmission Ltd.’s shares will list on the stock exchanges on Aug 17, 2026.