Dhoot Transmission IPO
Bookbuilding IPO | ₹3,067.00 Cr | Listing at BSE, NSE
Closed
IPO Open
Mon, Aug 10, 2026
IPO Close
Wed, Aug 12, 2026
Price Band
₹829.00 to ₹871.00
Market Cap (Pre-IPO)
₹17,816.14 Cr
IPO Details
| IPO Date | Aug 10, 2026 to Aug 12, 2026 |
| Listing Date | Tentative: Aug 17, 2026 |
| Face Value | ₹2.00 per share |
| Price Band | ₹829.00 to ₹871.00 |
| Lot Size | 17 Shares (Minimum: ₹14,807.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹3,067.00 Crores |
| Total Shares Offered | 35,218,047 shares |
| Fresh Issue | 16,080,445 shares |
| Offer For Sale | 19,137,602 shares |
Dhoot Transmission IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue. |
| NII Shares Offered | Not less than 15% of the Net Issue |
Dhoot Transmission IPO Lot Size
Investors can bid for a minimum of 17 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 17 | ₹14,807 |
| Retail (Max) | 13 | 221 | ₹192,491 |
| S-HNI (Min) | 14 | 238 | ₹207,298 |
| S-HNI (Max) | 67 | 1,139 | ₹992,069 |
| B-HNI (Min) | 68 | 1,156 | ₹1,006,876 |
Dhoot Transmission Financial Information (Restated Consolidated)
Dhoot Transmission Ltd.'s revenue increased by 31% and profit after tax (PAT) rose by 12% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 4,114.83 | 2,336.23 | 1,711.70 |
| Total Income | 4,563.70 | 3,472.24 | 2,799.32 |
| Profit After Tax | 396.84 | 353.89 | 298.75 |
| EBITDA | 710.99 | 590.96 | 512.40 |
| NET Worth | 2,397.15 | 978.18 | 741.01 |
| Reserves and Surplus | 2,360.40 | 961.53 | 724.74 |
| Total Borrowing | 841.39 | 776.06 | 554.90 |
Amount in ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 16.30% |
| ROCE (Return on Capital Employed) | 19.14% |
| Debt/Equity | 0.35 |
| RoNW (Return on Net Worth) | 16.55% |
| PAT Margin (Profit After Tax Margin) | 8.70% |
| EBITDA Margin | 15.71% |
| Price to Book Value | 5.82 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 21.06 | 19.40 |
| P/E (x) | 41.36 | 44.90 |
Company Overview
Dhoot Transmission Ltd. – Company Overview
- Dhoot Transmission Ltd. is engaged in the design, engineering, manufacturing, and supply of wiring harnesses and electrical distribution systems for automotive and non-automotive applications.
- The company's product portfolio includes wiring harnesses, battery packs, sensors & electronic controllers, automotive switches, terminals, connectors, and power supply cords for both ICE and electric vehicle (EV) platforms.
- Product Portfolio:
- Wiring Harnesses
- Battery Packs
- Sensors & Electronic Controllers
- Automotive Switches
- Terminals & Connectors
- Power Supply Cords
- The company is among the top two players in India's two-wheeler and three-wheeler wiring harness market, with a 41% market share, and holds nearly 70% market share in the electric 2W and 3W segment in Fiscal 2026.
- Its products are supplied to automotive OEMs and are used in commercial vehicles, off-highway vehicles, farming equipment, and industrial applications.
- As of March 31, 2026, the company had 2,735 full-time employees.
Company Strengths
- Established leadership in India's 2W and 3W wiring harness market with a comprehensive product portfolio.
- Well-positioned to capitalize on EV adoption, premiumization, automation, and connected vehicle trends.
- Strong business foundation backed by marquee OEM customers and a diversified business mix.
- Consistent financial performance supported by scalable manufacturing operations.
- Experienced management team, strong R&D capabilities, and reputed investor support.
Use of Proceeds
| 1) | Repayment/prepayment, in full or in part, of all or certain outstanding borrowings availed by the Company | 464.80 |
| 2) | Investment 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 |
| 3) | Setting up of a new wiring harness manufacturing plant of the Company at (i) Sector 11, Jhajjar, Haryana, India; and (ii) Shoolagiri, Hosur, Tamil Nadu, India | 150.00 |
| 4) | Funding inorganic growth through unidentified acquisitions and general corporate purposes(1) | |
| Total | 916.58 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Dhoot Transmission IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Dhoot Transmission Ltd. | 24.40 | 24.40 | 149.74 | - | 16.55 | - | Consolidated |
| Minda Corporation Ltd | 15.31 | 15.07 | 110.58 | 46.49 | 13.63 | 6.36 | Consolidated |
| Uno Minda Ltd | 20.78 | 20.75 | 118.36 | 56.87 | 17.53 | 10.00 | Consolidated |
| Motherson Sumi Wiring India Ltd | 0.94 | 0.94 | 3.26 | 43.24 | 28.92 | 13.33 | Consolidated |
| Sona Blw Precision Forgings Ltd | 10.30 | 10.30 | 96.23 | 74.64 | 10.70 | 8.00 | Consolidated |
Quick Info
| Sector | automotive components and auto-ancillary |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹17,816.14 Cr |
Important Dates
| IPO Open | Aug 10, 2026 |
| IPO Close | Aug 12, 2026 |
| Allotment Date | Aug 13, 2026 |
| Credit to Demat | Aug 14, 2026 |
| Listing Date | Tentative: Aug 17, 2026 |
Lead Manager(s)
Axis Capital Ltd.
Registrar
Description
- IPO Type: Book build issue aggregating to ₹3,066.89 crores.
- Issue Structure: A combination of fresh issue of 1.61 crore shares aggregating to ₹1,400.00 crores and offer for sale of 1.91 crore shares aggregating to ₹1,666.89 crores.
- IPO Dates: The issue opens on August 10, 2026 and closes on August 12, 2026.
- Allotment Date: The allotment is expected to be finalized on August 13, 2026.
- Listing Details: The shares are proposed to be listed on both National Stock Exchange of India and BSE Limited on August 17, 2026.
- Retail Investment Requirement: Minimum 1 lot (17 shares) amounting to approximately ₹14,807 (at the upper price band).
- Issue Price Band: ₹829 to ₹871 per equity share.
- Lot Size: 17 shares per lot.
This IPO offers investors an opportunity to participate in the automotive components and electrical transmission systems sector through a combination of a fresh issue of shares and an offer for sale by existing shareholders.