The prediction is adjusted upward from the GMP baseline due to extraordinary QIB demand (209.02x) and strong revenue growth. While the float is medium-sized, the company's market leadership in the EV wiring harness segment provides a significant valuation premium.
💪 Strengths
Market leader in electric 2W and 3W wiring harnesses with 70% share
Consistent growth in revenue and PAT over 3 years
⚠️ Weaknesses
Significant Offer for Sale (OFS) component in the issue structure
Heavy reliance on the automotive sector
🚀 Opportunities
Expansion of manufacturing plants in Haryana and Tamil Nadu
Growing adoption of EVs in India
🛡️ Threats
Volatility in raw material costs for electronics
Intense competition from other E&E component manufacturers
🎯 Objectives of the IPO
Requirement / Purpose
Amount (₹ Cr)
Repayment/prepayment, in full or in part, of all or certain outstanding borrowings availed by the Company
₹464.80
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
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
Funding inorganic growth through unidentified acquisitions and general corporate purposes(1)
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.