Dhoot Transmission Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹829 - ₹871
- Lot size
- 17 shares
- Issue amount
- ₹3,066.89 cr
- Total subscription
- 73.71×
- Opens
- 10 Aug 2026
- Closes
- 12 Aug 2026
- Allotment
- 13 Aug 2026
- Listing
- 17 Aug 2026
Offer at a glance
Issue overview
- Issue size
- 3,52,18,047 shares
- Face value
- ₹2 per share
- Minimum investment
- ₹14,093
- Fresh issue
- ₹1,400.61 cr
- Offer for sale
- ₹1,666.89 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,807
- Issue type
- Bookbuilding IPO
- Shares before issue
- 18,84,67,612
- Shares after issue
- 20,45,41,090
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 17 | ₹14,807 |
| sHNI | 14 | 238 | ₹2,07,298 |
| bHNI | 68 | 1,156 | ₹10,06,876 |
Share reservation
Subscription & GMP
Subscription by category
Reported 12 Aug 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 7,23,516 | 48,20,113 |
| EMPLOYEES | 0 | 22,885 |
| HNIs(10L +) | 14,766 | 1,76,681 |
| HNIs (2-10L) | 7,383 | 2,87,075 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 612.18 | 1,27,954.98 |
| FIIs | 0 | 39,421.11 |
| FIs | 0 | 59,451.19 |
| Mutual Funds | 0 | 8,485.64 |
| Others | 0 | 20,597.04 |
| RETAIL | 1,071.31 | 8,901.76 |
| HNIs 2+ | 153.04 | 6,207.29 |
| HNIs 10+ | 306.09 | 18,185.88 |
| EMPLOYEES | 6.61 | 56.82 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 24.4 | 24.31 | 20.83 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 16.55 | 36.18 | 40.32 |
| PRE IPO(PE) | 41.36 | 0 | 0 |
| POST IPO(PE) | 44.9 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Dhoot Transmission Limited | 41.36 | 871 | 2 | 149.74 | 16.55 | 24.4 |
| Minda Corporation Limited | 46.49 | 700.55 | 2 | 110.58 | 13.63 | 15.31 |
| Uno Minda Limited | 56.87 | 1,180.15 | 2 | 118.38 | 17.53 | 20.78 |
| Motherson Sumi Wiring India Limited | 43.24 | 40.65 | 1 | 3.26 | 28.92 | 0.94 |
| Sona BLW Precision Forgings Limited | 74.64 | 768.8 | 10 | 96.23 | 10.70 | 10.3 |
Company information
Company profile
Established in 1999, Dhoot Transmission Group is a global company known for providing wiring harness solutions mainly for two-wheelers and three-wheelers, while also supporting commercial vehicles, off-road vehicles, and agricultural equipment across both traditional and electric platforms. The company manufactures a wide range of products such as wiring harnesses, automotive switches, sensors, controllers, connectors, cables, power cords, and battery packs, serving industries like automotive, agriculture, medical devices, and home appliances. Over the years, it has expanded beyond wiring harnesses into advanced electronics and connection systems, and in the EV segment, it offers products like charging guns, inlets, chargers, RCDs, and lithium-ion battery solutions, strengthening its position in the growing electric vehicle market.
Strengths
- Strong OEM Customer Relationships: The company has long-term partnerships with leading automotive OEMs, supporting repeat business and stable revenue growth.
- Strong EV-Focused Product Portfolio: It offers a wide range of products for the electric vehicle (EV) industry, positioning it to benefit from the growing adoption of EVs.
- Diversified Automotive Electrical Solutions: The company provides a broad range of automotive electrical products, reducing dependence on a single product category and supporting growth across multiple markets.
Risk factors
- Dependence on 2W, 3W & Wiring Harness Business: A large portion of the company's revenue comes from wiring harnesses supplied to the two-wheeler and three-wheeler segments. Any slowdown in vehicle demand could impact business performance.
- Customer Concentration Risk: A significant share of revenue comes from a limited number of customers. Loss of key customers or lower order volumes could affect revenue and profitability.
- Lack of Long-Term Order Commitments: The company does not have fixed long-term order commitments from OEM customers. Any reduction or cancellation of orders could impact revenue and business planning.
Promoters
BC Asia Investments XV Ltd
Rahul Radhavallabh Dhoot
Registrar & documents
Lead manager
360 One WAM Limited, Axis Capital Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company, Nomura Financial Advisory And Securities (India) Private Limited, SBI Capital Markets Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Dhoot Transmission Ltd. Gut No 312 Nanekarwadi, Chakan Tq Khed Dist Pune, NA, Chakan Pune, Maharashtra, 410501
+91-24 3166 2600
[email protected]Company website ↗Understanding DHOOTTRANS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.