Dhoot Transmission IPO
Updated 11 Sept 2026, 5:03 pm.
Minimum investment (Retail)
₹14,807
1 lot · 17 shares at the upper price band
Price band
₹871
Latest GMP
Not yet quoted
Est. listing price
—
Issue size
₹3066.89 Cr
GMP history
Each point is a recorded observation from the scheduled data sync.
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- Mainboard
- Price band
- ₹871
- Issue size
- ₹3066.89 Cr
- Lot size
- 17
- Opens
- 10 Aug 2026
- Closes
- 12 Aug 2026
- Allotment
- 13 Aug 2026
- Listing
- 17 Aug 2026
- Est. listing price
- —
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- Kfin Technologies Ltd.
- Minimum investment
- ₹14,807 (1 lot · 17 shares)
- Face value
- ₹2 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital cum OFS
- Fresh issue
- ₹1,400 Cr
- Offer for sale
- ₹1,667 Cr
- Listing at
- BSE, NSE
- Refunds
- 14 Aug 2026
- Shares credited
- 14 Aug 2026
- Promoter holding
- 100% before · 82.78% after
- Lead managers
- Axis Capital Ltd., Jefferies India Pvt.Ltd., Kotak Mahindra Capital Co.Ltd., Nomura Financial Advisory & Securities (India) Pvt.Ltd., SBI Capital Markets Ltd., 360 One WAM Ltd.
Offer documents & links
Subscription by category
As of 12 Aug 2026, 1:24 pm.
Total subscription
52.59x
Full issue details
Details as published for this issue, read 11 Sept 2026, 4:57 am. Verify against the RHP before applying.
IPO Details
| IPO Date | 10 to 12 Aug, 2026 |
|---|---|
| Listed on | Mon, Aug 17, 2026 |
| Face Value | ₹ 2 per share |
| Price Band | ₹829 to ₹871 |
| Issue Price | ₹871 per share |
| Lot Size | 17 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹ 80.00 |
| Total Issue Size | 3,52,18,047 shares (agg. up to ₹ 3,067 Cr) |
|---|---|
| Fresh Issue | 1,60,80,445 shares (agg. up to ₹ 1,400 Cr) |
| Offer for Sale | 1,91,37,602 shares of ₹ 2 (agg. up to ₹ 1,667 Cr) |
| Share Holding Pre Issue | 18,84,67,612 shares |
| Share Holding Post Issue | 20,45,48,057 shares |
| BSE Script Code / NSE Symbol | 544867 / DHOOTTRANS |
| ISIN | INE01NH01023 |
IPO Timetable
- IPO Open
- Mon, Aug 10, 2026
- IPO Close
- Wed, Aug 12, 2026
- Allotment
- Thu, Aug 13, 2026
- Refund
- Fri, Aug 14, 2026
- Credit of Shares
- Fri, Aug 14, 2026
- Listing
- Mon, Aug 17, 2026
Issue Reservation
| Investor Category | Shares | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB | 1,75,71,096 | 50.00% | 49.89% | NA |
| − Anchor Investor | 1,05,42,657 | — | 29.94% | NA |
| − QIB (Ex. Anchor) | 70,28,439 | — | 19.96% | NA |
| NII (HNI) | 52,71,330 | 15.00% | 14.97% | NA |
| − bNII > ₹10L | 35,14,220 | — | 9.98% | 14,765 |
| − sNII < ₹10L | 17,57,110 | — | 4.99% | 7,382 |
| Retail | 1,22,99,768 | 35.00% | 34.92% | 7,23,515 |
| Preferential Reservations | ||||
| Employee | 75,853 | — | 0.22% | NA |
| Total | 3,52,18,047 | 100.00% | 100.00% | — |
Dhoot Transmission IPO comprises a total issue size of 3,52,18,047 shares. The net offer to the public is 3,51,42,194 shares, after excluding 75,853 shares under a preferential allotment. Of the Net offer 1,75,71,096 (50.00%) are allocated to QIB , 52,71,330 (15.00%) allocated to NII 1,22,99,768 (35.00%) allocated to RII .
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 17 | ₹14,807 |
| Retail (Max) | 13 | 221 | ₹1,92,491 |
| S-HNI (Min) | 14 | 238 | ₹2,07,298 |
| S-HNI (Max) | 67 | 1139 | ₹9,92,069 |
| B-HNI (Min) | 68 | 1156 | ₹10,06,876 |
Investors can bid for a minimum of 17 shares and in multiples thereof.
IPO Subscription Details
IPO Anchor Investors
| Bid Date | Fri, Aug 7, 2026 |
|---|---|
| Shares Offered | 1,05,42,657 |
| Anchor Portion (₹ Cr.) | 918.27 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Sep 11, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Nov 10, 2026 |
Dhoot Transmission IPO raises ₹ 918.27 crore from anchor investors . Dhoot Transmission IPO Anchor bid date is August 7, 2026 .
IPO Anchor Investors List
Investor Category Reservations
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹5 Lakhs | Yes |
| Employee + RII/NII | Up to ₹5Lakhs (EMP) + RII/NII limits | Yes (EMP/RII) |
About Dhoot Transmission Ltd.
Incorporated in April 1998, Dhoot Transmission Limited is one of India's leading electrical and electronics (E&E) companies engaged in the design, engineering, manufacturing, and supply of wiring harnesses and electrical distribution systems for automotive and non-automotive applications. The company offers a diversified product portfolio comprising wiring harnesses, battery packs, sensors and electronic controllers, automotive switches, terminals, connectors, and power supply cords, catering to both internal combustion engine (ICE) and electric vehicle (EV) platforms.
The company is among the top two players in India's two-wheeler (2W) and three-wheeler (3W) wiring harness market, with a 41% market share and is a leader in the electric 2W and 3W segment with a market share of nearly 70% in Fiscal 2026. Its products are also used in commercial vehicles, off-highway vehicles, farming equipment, and industrial applications. Approximately 95% of its automotive product portfolio is EV-focused or powertrain-neutral, positioning the company to benefit from electrification, premiumization, connected vehicles, and automation trends.
Dhoot Transmission has established long-term relationships with leading automotive OEMs while maintaining a diversified customer base and robust financial performance.
As of March 31, 2026, the company employed 2,735 full-time employees across manufacturing, R&D, engineering, sales, finance, and corporate functions.
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.
Company Financials (Restated Consolidated)
| 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 ₹ Crore |
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.
Recently Listed IPOs in Auto Components & Equipments
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| SEDEMAC Mechatronics Ltd. | Mainboard | ₹1,087.35 Cr | ₹1352 | 126.91 | ₹1,451.10 | +7.33% | ₹2,915.70 |
| Tenneco Clean Air India Ltd. | Mainboard | ₹3,600.00 Cr | ₹397 | 28.97 | ₹490.80 | +23.63% | ₹519.25 |
| Studds Accessories Ltd. | Mainboard | ₹455.49 Cr | ₹585 | 33.06 | ₹560.30 | -4.22% | ₹418.40 |
| LAPL Automotive Ltd. | SME | ₹32.40 Cr | ₹94 | 9.91 | ₹128.29 | +36.48% | ₹127.10 |
| Poojaa Precision Engg.Ltd. | SME | ₹159.83 Cr | ₹301 | 14.25 | ₹493.50 | +63.95% | ₹719.95 |
| Happy Steels Ltd. | SME | ₹25.00 Cr | ₹66 | 9.76 | ₹68.50 | +3.79% | ₹90.00 |
| Autofurnish Ltd. | SME | ₹14.60 Cr | ₹41 | 11.64 | ₹45.15 | +10.12% | ₹75.20 |
| Gallard Steel Ltd. | SME | ₹37.50 Cr | ₹150 | 17.31 | ₹234.25 | +56.17% | ₹165.15 |
View More »
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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) | 410.41 |
| 5 | Issue Expenses | 159.96 |
| Total | 1,486.94 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 16.30% | 35.60% |
| ROCE | 19.14% | 29.66% |
| Debt/Equity | 0.35 | 0.78 |
| RoNW | 16.55% | 36.18% |
| PAT Margin | 8.70% | 10.19% |
| EBITDA Margin | 15.71% | 17.15% |
| NAV | 149.74 | 68.25 |
| Price to Book Value | 5.82 | 12.76 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 21.06 | 19.40 |
| P/E (x) | 41.36 | 44.9 |
| Market Cap at Offer Price | ₹16,416Cr. | ₹24,280.88 Cr |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.
Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 100% | 82.78% |
| Public | — | 17.22% |
| Total | 100% | 100% |
Company Promoters: BC Asia Investments XV Ltd. and Rahul Radhavallabh Dhoot.
Offer For Sale - Selling Shareholders
| Name | Category | No. of Shares Offered | Amount (₹ cr.) |
|---|---|---|---|
| BC Asia Investments XV Ltd. | Promoter | 1,60,18,769 | 1,394.96 |
| Mangalam Capital Pvt.Ltd. | Promoter | 31,18,833 | 271.60 |
| Total | — | 1,91,37,602 | 1,666.56 |
Dhoot Transmission IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 12 | 1 | 0 | 0 |
| Members | 1 | 0 | 0 | 0 |
IPO Subscription Status
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 209.02 | 70,28,439 | 1,46,90,58,281 |
| NII | 53.13 | 52,71,330 | 28,00,59,292 |
| bNII (> ₹10L) | 59.41 | 35,14,220 | 20,87,93,082 |
| sNII (< ₹10L) | 40.56 | 17,57,110 | 7,12,66,210 |
| Retail | 8.32 | 1,22,99,768 | 10,23,58,122 |
| Employee | 8.60 | 75,853 | 6,52,392 |
| Total | 75.06 | 2,46,75,390 | 1,85,21,28,087 |
The Dhoot Transmission IPO is subscribed 75.06 times on August 12, 2026 6:54:38 PM (Day 3). The public issue subscribed 8.32 times in the retail category, 209.02 times in the QIB category, and 53.13 times in the NII category. Check Day by Day Subscription Details (Live Status)
Reload
Total Applications: 53,07,144
IPO Expenses
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission, brokerage and selling commission) | 85.99 |
| 2 | Commission/processing fee for SCSBs and Bankers to the Offer and fee payable to the Sponsor Banks for Bids made by RIBs using UPI | 1.51 |
| 3 | Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 7.06 |
| 4 | Fees payable to the Registrar to the Offer | 0.01 |
| 5 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 7.32 |
| 6 | Fees payable to the other advisors to the Offer, including but not limited to auditors, independent chartered accountant, industry expert, independent chartered engineer and ROC consultant | 12.73 |
| 7 | Printing and stationery | 0.44 |
| 8 | Advertising and marketing expenses for the Offer | 21.35 |
| 9 | Fee payable to legal counsels | 13.90 |
| 10 | Miscellaneous | 9.66 |
| Total | 159.96 |
Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹ 871.00 | ₹ 871.00 |
| Open | ₹ 1,193.80 | ₹ 1,200.00 |
| Low | ₹ 1,130.50 | ₹ 1,131.00 |
| High | ₹ 1,212.70 | ₹ 1,205.00 |
| Last Trade | ₹ 1,187.50 | ₹ 1,187.05 |
Check IPO Performance…
IPO Registrar
Kfin Technologies Ltd.
040-79615565
dhoot.ipo@kfintech.com
IPO Lead Manager(s)
Axis Capital Ltd.
Jefferies India Pvt.Ltd.
Kotak Mahindra Capital Co.Ltd.
Nomura Financial Advisory & Securities (India) Pvt.Ltd.
SBI Capital Markets Ltd.
360 One WAM Ltd.
Contact Details
Dhoot Transmission Ltd. Address
Gut No 312
Nanekarwadi, Chakan Tq Khed
Dist Pune, NA, Chakan
Pune, Maharashtra , 410501
+91-24 3166 2600
cs@dhoottransmission.com
Dhoot Transmission IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
Dhoot Transmission Q1 Consolidated Net Profit Rises To 1.33B Rupees; Revenue Grows To 14.6B
Sahi · 4 Sept 2026
Dhoot Transmission Q1 profit rises 38% as revenue jumps 50%, but margins narrow
cnbctv18.com · 4 Sept 2026
Dhoot Transmission Buys Shares Worth ₹125 Crore In DASPL And ₹85.25 Crore In DACPL
Sahi · 29 Aug 2026
Shardul Amarchand Mangaldas & Co. advises Bain Capital on ₹30,668.85 million IPO of Dhoot Transmission Ltd.
SCC Online · 25 Aug 2026
Dhoot Transmission gains 6% to hit 52-wk high; stock up 70% from IPO price
business-standard.com · 20 Aug 2026
IPO index hits new high; Dhoot Transmission, Juniper Green soar up to 10%
business-standard.com · 19 Aug 2026
Dhoot Transmission shares make strong market debut at 38% premium; should you buy, sell or hold?
Moneycontrol.com · 17 Aug 2026
