Dhoot Transmission IPO Details
Dhoot Transmission IPO Summary
Dhoot Transmission IPO opens for subscription on 10 Aug 2026 and closes on 12 Aug 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 17 Aug 2026.
Dhoot Transmission IPO price band has been fixed at ₹829 – ₹871 per share. The face value is ₹2 per share with a lot size of 17.
Dhoot Transmission IPO total issue size comprises 3,52,18,047 shares (aggregating up to ₹3067.49 Cr). This includes a fresh issue of 1,60,80,445 shares (aggregating up to ₹1400.61 Cr). Offer for Sale consists of 1,91,37,602 shares (aggregating up to ₹1666.89 Cr). Pre-issue shareholding stands at 18,84,67,612, which will increase to 20,45,41,090 post-issue.
Dhoot Transmission IPO carries a ₹245 (28.13%) GMP, reflecting investor sentiment.
Dhoot Transmission IPO Lot Size :Retail Minimum is 1 lot (17 shares) amounting to ₹14,807. Retail Maximum is 13 lots (221 shares) amounting to ₹192,491. SHNI Minimum is 14 lots (238 shares) amounting to ₹207,298. SHNI Maximum is 67 lots (1,139 shares) amounting to ₹992,069. BHNI Minimum is 68 lots (1,156 shares) amounting to ₹1,006,876.
Dhoot Transmission IPO Details
Dhoot Transmission IPO Dates
- 10 Aug 2026Opening dateOpen
- 12 Aug 2026Closing dateClose
- 13 Aug 2026Allotment Date Allotment
- 14 Aug 2026Initiation of RefundsRefund
- 14 Aug 2026Credit of SharesCredit
- 17 Aug 2026Listing dateListing
Dhoot Transmission IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 17 | ₹14,807 |
| Retail Maximum | 13 | 221 | ₹192,491 |
| SHNI Minimum | 14 | 238 | ₹207,298 |
| SHNI Maximum | 67 | 1139 | ₹992,069 |
| BHNI Minimum | 68 | 1156 | ₹1,006,876 |
Dhoot Transmission IPO Reservation
Promoter Holding
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Dhoot Transmission IPO Valuations
Dhoot Transmission Financial Information
| 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 | |||
About Dhoot Transmission IPO
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.
Strength Of Dhoot Transmission IPO
- Established leadership position in India and scaled operations in 2W and 3W wiring harnesses, supported by an extensive and critical product portfolio.
- We are positioned to capitalize on key industry trends, leveraging our differentiated capabilities to deliver sustained growth and value.
- Strong business foundation anchored by a marquee customer base and diversified business mix, enabling sustained growth.
- Strong financial performance.
- Professional & Experienced Management Team, robust R&D team and investor support.
Risk Of Dhoot Transmission IPO
- The company derived a significant portion of its revenue from operations (Rs.21,579.18 million, Rs.23,049.09 million, Rs.18,052.79 million and Rs.12,849.68 million, i.e. 66.45%, 66.91%, 64.53% and 60.44%, in the nine months ended December 31, 2025 and Fiscal 2025, Fiscal 2024 and Fiscal 2023, respectively) from the two-wheeler ("2W") automotive sector in India, and Rs.4,286.30 million, Rs.4,305.00 million, Rs.3,275.70 million and Rs. 2,340.71 million, i.e. 13.20%, 12.50%, 11.71% and 11.01%, in the nine months ended December 31, 2025 and Fiscal 2025, Fiscal 2024 and Fiscal 2023, respectively, from the three-wheeler ("3W") automotive sector in India, in each case primarily through the sale of wiring harnesses, which constituted 77.15%, 78.00%, 81.93% and 85.34% of the company revenue from operations in the nine months ended December 31, 2025 and Fiscals 2025, 2024 and 2023, respectively. Any adverse changes in these sectors in India, or in demand for, pricing of or technology relating to wiring harnesses, could adversely impact its business, results of operations, cash flows and financial condition.
- The company is dependent on its top five and top ten customers. The company top ten customers (based on contribution to revenue from operations in Fiscal 2025) contributed 81.72%, 81.81%, 77.90% and 78.81% of the company revenue from operations in the nine months ended December 31, 2025 and Fiscals 2025, 2024 and 2023, respectively. Any failures to maintain its relationship with these customers will have an adverse effect on the company business, results of operations, cash flows and financial condition.
- The company does not have firm, long-term volume commitments with OEM customers - termination, modification or reductions in customer requirements could adversely affect its business, results of operations, financial condition and cash flows.
- The company's business is capital intensive and its incur substantial capital expenditure and working capital requirements and may requires additional financing to meet those requirements, which could have an adverse effect on the company business, results of operations, cash flows and financial condition.
- The company derived 90.32%, 89.80%, 86.92% and 82.10% of its revenue from contract with customers in the nine months ended December 31, 2025, and Fiscals 2025, 2024 and 2023, respectively, within India as a % of revenue from operations. Any adverse changes in economic or regulatory conditions that negatively affect the demand for the company products in these markets could affect its results of operations.
- Certain of the company facilities including at Hosur, Tamil Nadu and Pithampur, Madhya Pradesh currently operate at high-capacity utilization levels and the company not be able to meet additional demand for its products until the company is able to increase its capacity. Further, if the company underestimate or overestimate the demand for its products, the capacity utilization of the company manufacturing facilities may be under-utilized or over-utilized, respectively, which could adversely affect its profitability and manufacturing schedules.
- The company regularly work with hazardous materials, and heavy machinery at its manufacturing facilities and activities in the company operations can be dangerous, which could cause injuries to people or damage property.
- Failures or disruption of the company IT systems may adversely affect its business, financial condition, results of operations and prospects.
- The company's Statutory Auditors and Previous Statutory Auditor have reported an emphasis of matter in the audit report for the nine month period ended December 31, 2025, and Financial Years ended March 31, 2024 and March 31, 2023.
- The company has in the past entered into a number of related party transactions and may continue to enter into related party transactions in the future, and there can be no assurance that its could not have achieved more favourable terms if such transactions had not been entered into with related parties.
Objectives Dhoot Transmission IPO
1. Repayment/prepayment, in full or in part, of all or certain outstanding borrowings availed by the Company
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.
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
4. Funding inorganic growth through unidentified acquisitions and general corporate purposes(1)
Company Contact Details
Gut No 312 Nanekarwadi, Chakan Tq Khed Dist Pune, NA, Chakan
Pune, Maharashtra , 410501
Phone: +91-24 3166 2600
Email: cs@dhoottransmission.com
Website: https://dhoottransmission.com/
Registrar Contact Details
Lead Mangers
- Axis Capital Ltd(Past IPO Performance)
- Kotak Mahindra Capital Company Ltd(Past IPO Performance)
- Jefferies India Pvt Ltd(Past IPO Performance)
- SBI Capital Markets Ltd(Past IPO Performance)
- Nomura Financial Advisory & Securities (India) Pvt Ltd(Past IPO Performance)
- 360 ONE WAM Ltd(Past IPO Performance)
- IPO Lead Manager Performance Summary
Dhoot Transmission FAQs
The Dhoot Transmission IPO is a MAINBOARD public issue comprising 35218047 equity shares with a face value of ₹2 each, aggregating to a total issue size of ₹3067.49 Cr. The issue price has been fixed at ₹871 per equity share, and the minimum application size is 17 shares.
The IPO opens for subscription on 10 Aug 2026, and closes on 12 Aug 2026.
Kfin Technologies Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹245 (28.13%).
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