Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Dhoot Transmission Ltd. on May 5, 2026. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 18 months.
Dhoot Transmission Ltd. IPO is a Book Build Issue consisting of fresh issue of ₹1,400.00 crores and an offer for sale (OFS) of upto 1.63 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Dhoot Transmission IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Fresh Issue | [.] shares (agg. up to ₹1,400 Cr) |
| Offer for Sale | 1,63,10,733 shares of ₹2 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 18,84,67,612 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Feb 2, 2026 |
| SEBI/Exchange approval received | Tue, May 5, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue. |
| NII Shares Offered | Not less than 15% of the Net Issue |
Incorporated in 1998, Dhoot Transmission Limited is one of India’s leading electrical and electronics (E&E) companies manufacturing wiring harnesses, battery packs, sensors, electronic controllers, and automotive switches for automotive applications.
The company supplies products for ICE and EV vehicles across two-wheelers, three-wheelers, commercial vehicles, and industrial equipment.The company operates 22 manufacturing facilities across India, the UK, Slovakia, and Thailand, along with engineering and design support centers and warehouses located near major automotive hubs.
Its business model focuses on integrated manufacturing, in-house product development, backward integration, and long-term OEM partnerships.
As on December 31, 2025, the company had 2,681+ employees, including a strong R&D and engineering team.
The company serves leading OEMs such as Bajaj Auto, TVS Motor, Honda Motorcycle & Scooter India, and Royal Enfield.
Strengths
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 3,068.69 | 2,336.23 | 1,711.70 | 1,261.18 |
| Total Income | 3,279.24 | 3,472.24 | 2,799.32 | 2,131.58 |
| Profit After Tax | 301.46 | 353.89 | 298.75 | 163.91 |
| EBITDA | 532.05 | 590.96 | 512.40 | 298.68 |
| NET Worth | 1,277.21 | 978.18 | 741.01 | 468.53 |
| Reserves and Surplus | 1,288.91 | 975.98 | 731.05 | 455.78 |
| Total Borrowing | 822.49 | 776.06 | 554.90 | 422.67 |
| Amount in ₹ Crore | ||||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| SEDEMAC Mechatronics Ltd. | Mainboard | ₹1,087.35 Cr | ₹1352 | 126.91 | ₹1,451.10 | +7.33% | ₹2,622.40 (-3.44%) |
| Tenneco Clean Air India Ltd. | Mainboard | ₹3,600.00 Cr | ₹397 | 28.97 | ₹490.80 | +23.63% | ₹564.55 (-0.83%) |
| Studds Accessories Ltd. | Mainboard | ₹455.49 Cr | ₹585 | 33.06 | ₹560.30 | -4.22% | ₹447.20 (-0.48%) |
| Autofurnish Ltd. | SME | ₹14.60 Cr | ₹41 | 11.64 | ₹45.15 | +10.12% | ₹58.49 (-6.42%) |
| Gallard Steel Ltd. | SME | ₹37.50 Cr | ₹150 | 17.31 | ₹234.25 | +56.17% | ₹161.00 (+4.31%) |
| Sellowrap Industries Ltd. | SME | ₹30.28 Cr | ₹83 | 8.4 | ₹94.50 | +13.86% | ₹70.50 (+5.22%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/prepayment, in full or in part, of all or certain outstanding borrowings availed by the Company | 493.99 |
| 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. | 272.59 |
| 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 | 150.00 |
| 4 | Funding inorganic growth through unidentified acquisitions and general corporate purposes(1) | |
| Total | 916.58 |
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 23.03% | 35.60% |
| ROCE | 22.34% | 29.66% |
| Debt/Equity | 0.63 | 0.78 |
| RoNW | 23.60% | 36.18% |
| PAT Margin | 9.19% | 10.19% |
| EBITDA Margin | 16.38% | 17.15% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 18.78 | |
| Promoter Holding | 100% |
Lead Manager Reports
Dhoot Transmission IPO is a main-board IPO of 0 equity shares of the face value of ₹2 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Dhoot Transmission IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Dhoot Transmission IPO using UPI as a payment gateway. Zerodha customers can apply in Dhoot Transmission IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dhoot Transmission IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dhoot Transmission IPO dates are not announced. Please check back again after some time.
Dhoot Transmission IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Dhoot Transmission IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Dhoot Transmission IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Dhoot Transmission IPO allotment status.
The Dhoot Transmission IPO listing date is not yet announced. The tentative date of listing is .
