Dhoot Transmission IPO
Dhoot Transmission IPO was a Mainboard book-built issue of ₹3,066.89 crore, comprising a Fresh Issue of ₹1,400 crore and an Offer for Sale of ₹1,666.89 crore. The price band was ₹829 to ₹871 per share, with a lot size of 17 shares. The IPO opened on Augus
Dhoot Transmission IPO Details
Dhoot Transmission IPO bidding started on August 10, 2026 and ended on August 12, 2026. The basis of allotment was finalized on August 13, refunds were initiated on August 14, and shares were credited to successful applicants' Demat accounts on August 14, 2026. The shares were listed on BSE and NSE on August 17, 2026.
Dhoot Transmission IPO GMP
Dhoot Transmission IPO GMP was reported at around ₹262 on August 17, 2026. Against the ₹871 issue price, this indicated an unofficial estimated price of approximately ₹1,133. The shares actually opened at ₹1,200 on NSE, showing that the actual listing price was higher than the GMP-based estimate. GMP is unofficial and does not guarantee the actual listing price.
Dhoot Transmission IPO Timeline (Tentative)
Dhoot Transmission IPO opened for subscription on August 10, 2026 and closed on August 12, 2026. The basis of allotment was finalized on August 13, refunds were initiated on August 14, and shares were credited to successful applicants' Demat accounts on August 14. The shares were listed on BSE and NSE on August 17, 2026.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Mon, Aug 10, 2026 |
| IPO Close Date | Wed, Aug 12, 2026 |
| Basis of Allotment | Thu, Aug 13, 2026 |
| Initiation of Refunds | Fri, Aug 14, 2026 |
| Credit of Shares to Demat | Fri, Aug 14, 2026 |
| Listing Date | Mon, Aug 17, 2026 |
| IPO Opens | August 10, 2026 |
| IPO Closes | August 12, 2026 |
| Basis of Allotment | August 13, 2026 |
| Refund Initiation | August 14, 2026 |
| Credit of Shares to Demat | August 14, 2026 |
| Listing Date | August 17, 2026 |
Dhoot Transmission IPO Lot Size
The Dhoot Transmission IPO lot size was 17 shares. At the upper price band of ₹871 per share, one lot required a minimum investment of ₹14,807. Retail investors could apply for up to 13 lots, or 221 shares, amounting to ₹1,92,491.
| 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 | 1,139 | ₹9,92,069 |
| B-HNI (Min) | 68 | 1,156 | ₹10,06,876 |
Dhoot Transmission IPO Reservation
Dhoot Transmission IPO offered 3,52,18,047 equity shares. The public offer included 1,22,99,768 shares reserved for retail individual investors, 52,71,330 shares for non-institutional investors and 17,09,945 shares for the QIB portion excluding the anchor investor portion. The anchor investor portion comprised 1,05,42,657 shares.
Dhoot Transmission IPO Subscription
Dhoot Transmission IPO received 74.21x overall subscription by the close of bidding on August 12, 2026. The QIB portion was subscribed 212.92x, the NII portion 51.93x, the retail portion 8.12x and the employee portion 8.14x.
| Category | Subscription (times) |
|---|---|
| QIB | 212.92x |
| NII | 51.93x |
| RII | 8.12x |
| Employee | 8.14x |
| Total | 74.21x |
About Dhoot Transmission
Dhoot Transmission Limited is an electrical and electronics components company that designs, engineers, manufactures and supplies products for automotive and non-automotive applications. Its product portfolio includes integrated wiring harnesses, electronic sensors and controllers, automotive switches, cables, connectors, terminals, battery packs and EV-related systems.
The company serves multiple automotive segments, including two-wheelers, three-wheelers, passenger vehicles, commercial vehicles, off-highway vehicles and agricultural equipment. It has also expanded its product capabilities into electric vehicle systems, including battery packs, battery management systems and charging solutions.
Dhoot Transmission has expanded its operations internationally through manufacturing and engineering facilities across multiple countries. Its business is supported by relationships with automotive original equipment manufacturers and a diversified product portfolio serving both conventional automotive applications and the growing electric vehicle ecosystem.
Strengths
- Strong presence in the automotive components industry.
- Diversified product portfolio across automotive and EV applications.
- Established relationships with major OEM customers.
- Expanding international manufacturing and engineering capabilities.
Risks to Consider
- Exposure to fluctuations in the automotive industry.
- Customer concentration may affect business performance.
- Raw material price volatility can impact margins.
- Foreign exchange and international operating risks.
Dhoot Transmission Financials (₹ Cr)
Dhoot Transmission reported strong growth in revenue and profitability over the last three financial years. Revenue from operations increased from ₹2,797.73 crore in FY2024 to ₹3,444.86 crore in FY2025 and ₹4,524.96 crore in FY2026. PAT increased from ₹298.75 crore in FY2024 to ₹353.89 crore in FY2025 and ₹396.84 crore in FY2026.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2024 | ₹2,799.32 Cr | |||
| FY2024 | ₹3,472.24 Cr | |||
| FY2026 | ₹4,563.70 Cr |
KPIs & Valuation
At the upper price band of ₹871, Dhoot Transmission was valued at approximately 41.36x FY2026 earnings on a pre-issue basis and 44.90x on a post-issue basis. FY2026 EPS was ₹21.06, while the company reported RoNW of 16.55%, ROE of 16.30% and ROCE of 19.14%.
Objects of the Issue
The Dhoot Transmission IPO comprised a Fresh Issue of ₹1,400 crore and an Offer for Sale of ₹1,666.89 crore. The company proposed to use the net proceeds from the Fresh Issue for repayment or prepayment of borrowings, investment in certain subsidiaries for repayment or prepayment of their borrowings, setting up new wiring harness manufacturing plants and funding inorganic growth and general corporate purposes.
- The company proposed to utilise the IPO proceeds for repayment or prepayment, in full or in part, of certain outstanding borrowings availed by the company. The estimated amount allocated for this purpose was ₹464.80 crore.
- The company also proposed to invest ₹301.77 crore in certain subsidiaries, including Dhoot Autocomponents Private Limited, Dhoot Automotive Systems Private Limited and Dhoot Transmission UK Limited, for repayment or prepayment of their outstanding borrowings.
- Another objective was to spend ₹150 crore on setting up new wiring harness manufacturing plants at Sector 11, Jhajjar, Haryana and Shoolagiri, Hosur, Tamil Nadu. The remaining proceeds were proposed to be used for unidentified acquisitions and general corporate purposes.
Promoters, Lead Managers & Registrar
Registrar & BRLM — Section Intro : Dhoot Transmission Limited is promoted by BC Asia Investments XV Limited and Rahul Radhavallabh Dhoot. The Book Running Lead Managers were Axis Capital Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory and Securities (India) Private Limited, SBI Capital Markets Limited and 360 ONE WAM Limited. KFin Technologies Limited acted as the Registrar to the Issue.
Promoters
Lead Managers (BRLM)
Registrar
| Name | KFin Technologies Limited |
|---|---|
| Phone | +91 40 6716 2222 |
| dhoot.ipo@kfintech.com | |
| Website | https://ipostatus.kfintech.com/ |
Dhoot Transmission IPO Review
Dhoot Transmission has built a significant business in automotive electrical and electronic components, with wiring harnesses forming the core of its revenue. Its product portfolio has expanded into EV systems, sensors, controllers, switches and other electrical components, providing exposure to both conventional and electric vehicle platforms.
The company's financial performance showed strong growth in FY2026. Revenue from operations increased to ₹4,524.96 crore from ₹3,444.86 crore in FY2025, while profit after tax increased to ₹396.84 crore from ₹353.89 crore. Total income stood at ₹4,563.70 crore in FY2026.
However, investors should also consider the valuation and business risks. At the upper price band of ₹871, the reported pre-issue P/E was about 41.36x and post-issue P/E about 44.90x. The company's EBITDA margin declined from 17.15% in FY2025 to 15.71% in FY2026, while customer concentration and the competitive automotive components industry remain important factors to monitor.
How to Apply
Dhoot Transmission IPO applications could be made through the ASBA facility or UPI-supported IPO application process. Investors could apply through their bank or registered stockbroker by selecting the IPO, entering the required number of lots and submitting the application.
- Log in to your bank or stockbroker account.
- Go to the IPO section and select Dhoot Transmission IPO.
- Enter the number of lots you want to apply for.
- Enter your UPI ID if applying through UPI.
- Select the bid price or choose the Cut-off option, if available for retail investors.
- Submit the IPO application.
- Approve the UPI mandate request received in your UPI app.
- The application amount will be blocked in your bank account.
- If shares are allotted, the required amount will be debited and the shares will be credited to your Demat account.
- If no shares are allotted, the blocked amount will be released according to the applicable process.
Prospectus & Documents
Investors can refer to the company's DRHP, RHP and Prospectus for detailed information about the business, financial performance, risk factors, IPO structure and utilisation of the issue proceeds. Dhoot Transmission's official website maintains a dedicated IPO Related Disclosures section containing the Updated DRHP, RHP, Abridged Prospectus and Prospectus. SEBI also records the company's RHP filing dated August 4, 2026.
Last updated Aug 27, 2026.