Dhoot Transmission
Dhoot Transmission is an automotive component manufacturer specializing in the production of wiring harnesses. The company operates within the automotive electronics sector, providing critical electrical connectivity solutions for vehicles.
Price Band
₹871 - ₹871
Lot Size
17 Shares
Issue Size
₹3,066.89 Cr
Fresh Issue
₹1,400.00 Cr
OFS
₹1,666.89 Cr
Registrar
AI Sentiment Score
Current GMP
+₹248
Est. Listing: ₹1,119 (+28.5%)
📅 IPO Timeline
1
Open
Aug 10
2
Close
Aug 12
3
Allotment
Aug 13
4
Refund
Aug 14
5
Demat
Aug 14
6
Listing
Aug 17
✨ AI Analysis & Prediction
+17.4%
predicted listing gain
The GMP baseline of 28.51% is adjusted downwards due to a lack of QIB subscription data (0.0x) and a relatively large issue float size of ₹3,066.89 Cr. However, strong revenue and PAT growth over the last three years and a healthy ROCE of 19.14% provide a fundamental floor to the listing price.
💪 Strengths
- Consistent revenue and PAT growth over 3 years
- Strong ROCE of 19.14%
⚠️ Weaknesses
- Large issue size may dilute listing pop
- High promoter offloading via OFS
🚀 Opportunities
- Capacity expansion in Haryana and Tamil Nadu
- Growth in the automotive wiring harness market
🛡️ Threats
- Cyclical nature of the automotive industry
- Competition from established peers like Uno Minda
🎯 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) | ₹2,150.32 |
📊 Financial Overview
| Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | Rs 2,798.00 Cr | Rs 3,445.00 Cr | Rs 4,525.00 Cr |
| Net Profit / PAT (₹ Cr) | Rs 299.00 Cr | Rs 354.00 Cr | Rs 397.00 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 517.00 Cr | Rs 594.00 Cr | Rs 711.00 Cr |
| Borrowings (₹ Cr) | Rs 576.00 Cr | Rs 815.00 Cr | Rs 918.00 Cr |
| Total Assets (₹ Cr) | Rs 1,694.00 Cr | Rs 2,340.00 Cr | Rs 4,115.00 Cr |
| ROCE % | NA | 34.00% | 24.00% |
📋 Live Subscription Status
QIB
0.00x
NII
0.00x
Retail
0.00x
Total
0.00x
💼 Reservation Quota
QIB
50.00%
Retail
35.00%
NII
15.00%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Check Allotment StatusCheck Now →
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
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.
Dhoot Transmission is a prominent player in the automotive electrical systems industry, primarily focused on the design and manufacture of wiring harnesses. The company has demonstrated significant operational scaling, moving from a revenue of ₹2,799.32 Crore in 2024 to ₹4,563.70 Crore by 2026, indicating rapid growth in market penetration and production capacity.
The company's business model centers on providing essential wiring infrastructure for various vehicle segments. By integrating advanced manufacturing processes, Dhoot Transmission ensures the reliable delivery of electrical signals and power across automotive platforms, positioning itself as a key supplier in the automotive supply chain.
Operationally, the company is expanding its footprint with plans to establish new wiring harness manufacturing plants in Sector 11, Jhajjar, Haryana, and Shoolagiri, Hosur, Tamil Nadu. This strategic expansion is aimed at increasing production capacity and optimizing logistics to serve its growing customer base more efficiently.
The company's leadership and ownership are held by promoters BC Asia Investments XV Ltd. and Rahul Radhavallabh Dhoot. Under their guidance, the company has managed to maintain a consistent upward trajectory in both its top-line revenue and bottom-line profitability over the last three fiscal years.
The Dhoot Transmission IPO is a Mainboard issue seeking to raise approximately ₹3,066.89 Crore. The issue structure consists of a fresh issue of ₹1,400 Crore and an offer for sale (OFS) of 1,91,37,602 equity shares. The price band is set between ₹829 and ₹871 per share, with a minimum retail lot size of 17 shares totaling ₹14,807. The IPO is scheduled to open on August 10, 2026, and close on August 12, 2026, with listing on the BSE and NSE on August 17, 2026.
Proceeds from the fresh issue are earmarked for strategic debt reduction and expansion. Specifically, ₹464.80 Crore will be used for the repayment of outstanding borrowings of the company, and ₹301.77 Crore will be deployed to repay borrowings of subsidiaries including Dhoot Autocomponents and Dhoot Electricals Systems. Additionally, ₹150 Crore is allocated for the setup of new manufacturing plants in Haryana and Tamil Nadu.
Financial performance has been robust, with revenues growing from ₹2,799.32 Crore in 2024 to ₹4,563.70 Crore in 2026. Net profit (PAT) followed a similar trajectory, increasing from ₹298.75 Crore to ₹396.84 Crore over the same period. This growth reflects a strong demand for the company's products and efficient operational scaling.
From a valuation perspective, the company reports an EPS of ₹24.40 for FY2026 and a Net Asset Value (NAV) of ₹149.74. When compared to peers like Uno Minda and Motherson Sumi Wiring India, Dhoot Transmission displays competitive ROE and ROCE figures, although the final P/E ratio remains a key point for investor scrutiny.
Investment strengths include the company's aggressive growth profile and the strategic use of IPO proceeds to deleverage the balance sheet. However, the significant OFS component suggests that promoters are liquidating a large portion of their holdings, which can sometimes be viewed as a caution signal by conservative investors.
Overall, the IPO presents a balanced profile of high growth and strategic expansion. Investors should weigh the strong financial trajectory against the large issue size and the dilution caused by the Offer for Sale before making a decision.