Dhoot Transmission IPO GMP today is Rs 260. Investors can use this GMP along with price band and subscription status for a better IPO review.
Upcoming
Mainboard IPO
DHOOT
Dhoot Transmission
Dhoot Transmission Limited designs, develops, and manufactures electrical and electromechanical components. The company’s core business activity is the production of wiring harnesses, cables, connectors, and power cords. Revenue is primarily generated from the sale of these products through contracts with customers. The company operates as a supplier to the automotive industry, serving original equipment manufacturers (OEMs) as well as tier 1 and tier 2 component manufacturers. Its key focus is on the two-wheeler and three-wheeler vehicle segments, which include both internal combustion engine (ICE) and electric vehicle (EV) models. A significant portion of its business comes from major OEMs, including Bajaj Auto, TVS Motor Company, and Honda Motorcycle and Scooter India, supplying both domestic and export markets.
IPO Details
Complete IPO information
| Current GMP | ₹260 |
|---|---|
| Estimated Listing Gain | +29.85% |
| Price Band | ₹829.00 - ₹871.00 |
| Issue Price | ₹871.00 |
| Listing Price | TBA |
| Lot Size | 17 Shares |
| Issue Type | Mainboard |
| Issue Size | Approx ₹3,066.89 Cr |
| Registrar | TBA |
| Exchange | BSE, NSE |
| Retail Quota | TBA |
| Overall Subscription | TBA |
| Listing Date | 17 Aug 2026 |
| Minimum Investment | ₹14,807 |
Timeline
IPO roadmap at a glance
01
Bidding Opens
10 Aug 2026
02
Bidding Closes
12 Aug 2026
03
Allotment
13 Aug 2026
04
Listing
17 Aug 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 6 August | ₹255 | - | 29.28% |
| 5 August | ₹255 | +₹10.00 | 29.28% |
| 4 August | ₹245 | - | 28.13% |
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 17 | ₹14,807 |
| Retail Maximum | 13 Lot | 221 | ₹1,92,491 |
| S-HNI Minimum | 14 Lot | 238 | ₹2,07,298 |
| S-HNI Maximum | 67 Lot | 1,139 | ₹9,92,069 |
| B-HNI Minimum | 68 Lot | 1,156 | ₹10,06,876 |
Issue Notes
Important takeaways before applying
Strengths
- The company holds an established leadership position in India with scaled operations in two-wheeler and three-wheeler wiring harnesses.
- Operations are positioned to capitalize on key industry trends by leveraging differentiated capabilities.
- The company maintains a strong business foundation anchored by a marquee customer base and a diversified business mix.
- Strong financial performance has been demonstrated through consistent revenue and profit after tax growth.
- The business is supported by an extensive and critical product portfolio that includes newly acquired electronics capabilities.
Risks
- The top ten customers contributed over 80 percent of the total revenue in the most recent fiscal year.
- Approximately 78 percent of revenue is heavily concentrated within the two-wheeler and three-wheeler automotive sectors.
- Contracts with original equipment manufacturers are strictly requirement-based and lack long-term volume commitments.
- Profit margins have experienced compression due to rising raw material costs.
- The loss of any major key customer could severely impact the financial health and daily operations of the business.
Analysis
Dhoot Transmission IPO Details
Dhoot Transmission Limited is launching its Initial Public Offering (IPO) through the Book Building Issue route. The IPO comprises a combination of a Fresh Issue of equity shares and an Offer for Sale (OFS) by existing shareholders. The proceeds from the fresh issue are expected to be utilized for business expansion, capital expenditure, debt reduction, and general corporate purposes, while the OFS enables existing shareholders to partially monetize their investment.
The equity shares of Dhoot Transmission Limited are proposed to be listed on both the BSE and NSE. Investors can subscribe to the IPO during the issue period within the announced price band.
| Particular | Details |
|---|---|
| IPO Open Date | August 10, 2026 |
| IPO Close Date | August 12, 2026 |
| Face Value | ₹2 Per Equity Share |
| IPO Price Band | ₹829 to ₹871 Per Share |
| Issue Size | Approx ₹3,066.89 Crores |
| Fresh Issue | Approx ₹1,400 Crores |
| Offer for Sale (OFS) | Approx 1,91,37,602 Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | BSE, NSE |
Analysis
Dhoot Transmission IPO Reservation
The Dhoot Transmission IPO follows the SEBI-prescribed reservation structure for a Book Building Issue. The issue is allocated among Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), Retail Individual Investors (RIIs), and Anchor Investors. The final allotment in each category will depend on investor participation and the basis of allotment finalized after the IPO closes.
The category-wise reservation details for the public issue are provided below.
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| Qualified Institutional Buyers (QIB) (Excluding Anchor) | – Shares | 50% |
| Non-Institutional Investors (NII) | – Shares | 15% |
| Retail Individual Investors (RII) | – Shares | 35% |
Note: The exact number of shares reserved for each investor category, including Anchor Investors, will be disclosed before the IPO opens for subscription. The final allocation will be completed in accordance with SEBI regulations and the approved issue structure.
Analysis
Dhoot Transmission IPO Anchor Investors
Dhoot Transmission Limited has reserved a portion of its IPO for eligible Anchor Investors before the public issue opens for subscription. Anchor investors are Qualified Institutional Buyers (QIBs) who participate in the IPO one working day before the issue opens, helping improve price discovery and strengthen investor confidence in the offering.
The details below include the anchor bidding date, proposed allocation, issue size, and the applicable SEBI-prescribed lock-in periods. The final list of anchor investors and allocation details will be announced after the completion of the anchor placement process.
| Particular | Details |
|---|---|
| Anchor Bidding Date | August 7, 2026 |
| Anchor Investors List | To be announced |
| Shares Offered | [.] Shares |
| Anchor Issue Size | [.] Crores |
| Lock-in Period End Date (50% Shares – 30 Days) | 2026 |
| Lock-in Period End Date (Remaining 50% Shares – 90 Days) | 2026 |
Note: The final anchor investor list, anchor issue size, number of shares allotted, and exact lock-in period end dates will be updated after the completion of the anchor allocation process. The lock-in period for anchor investors will be applicable in accordance with SEBI regulations.
Analysis
Dhoot Transmission IPO Dates
The Dhoot Transmission IPO will open for subscription on August 10, 2026 and close on August 12, 2026. The basis of allotment is expected to be finalized on August 13, 2026. Refunds for unsuccessful applicants and the credit of allotted equity shares to successful investors' demat accounts are scheduled for August 14, 2026.
The equity shares of Dhoot Transmission Limited are proposed to be listed on both the BSE and NSE on August 17, 2026. Investors should keep track of these important dates to monitor the IPO subscription, allotment process, and listing schedule.
| IPO Event | Date |
|---|---|
| IPO Open Date | August 10, 2026 |
| IPO Close Date | August 12, 2026 |
| Basis of Allotment | August 13, 2026 |
| Refunds | August 14, 2026 |
| Credit to Demat Account | August 14, 2026 |
| IPO Listing Date | August 17, 2026 |
Note: The above IPO schedule is tentative and may be revised by the company, the registrar, or the stock exchanges. Investors are advised to refer to the official IPO documents and exchange announcements for the latest updates regarding the issue timeline.
Analysis
Dhoot Transmission IPO Promoters and Holding Pattern
The promoters of Dhoot Transmission Limited have played a significant role in building and expanding the company's operations in the automotive and electrical transmission components industry. Following the IPO, the promoter group will continue to retain a controlling stake in the company while the public shareholding will increase through the fresh issue and Offer for Sale (OFS).
The table below presents the promoter and public shareholding pattern before and after the IPO based on the proposed issue structure.
Promoters of Dhoot Transmission Limited
- BC Asia Investments XV Ltd.
- Rahul Radhavallabh Dhoot
| Category | Pre IPO Shares | Pre IPO Holding | Post IPO Shares | Post IPO Holding |
|---|---|---|---|---|
| Promoter and Promoter Group | 18,84,67,612 | 100% | – | 82.77% |
| Others* | – | -% | – | 17.23% |
| Total | 18,84,67,612 | 100% | 20,45,41,090 | 100% |
Note: The post-IPO shareholding percentages are based on the proposed issue structure. The promoter group is expected to retain majority ownership after listing while complying with SEBI's minimum public shareholding requirements.
Analysis
Dhoot Transmission IPO Objects of the Issue & Utilisation of Proceeds
Dhoot Transmission Limited intends to utilize the net proceeds from its Initial Public Offering (IPO) to strengthen its financial position, expand its manufacturing capabilities, and support future growth initiatives. A significant portion of the proceeds will be used for repayment of existing borrowings, investments in key subsidiaries for debt reduction, and setting up new wiring harness manufacturing facilities in Haryana and Tamil Nadu.
The company also proposes to utilize the remaining proceeds for inorganic growth opportunities through potential acquisitions and for general corporate purposes, providing greater financial flexibility to support long-term business expansion.
| Purpose | Amount |
|---|---|
| Repayment / Prepayment, in Full or in Part, of All or Certain Outstanding Borrowings Availed by the Company | ₹464.80 Crores |
| Investment in Subsidiaries (Dhoot Autocomponents Private Limited, Dhoot Electricals Systems Private Limited, Dhoot Automotive Systems Private Limited and Dhoot Transmission UK Limited) for Repayment / Prepayment of Outstanding Borrowings | ₹301.77 Crores |
| Setting up New Wiring Harness Manufacturing Plants at Sector 11, Jhajjar (Haryana) and Shoolagiri, Hosur (Tamil Nadu) | ₹150.00 Crores |
| Funding Inorganic Growth Through Unidentified Acquisitions and General Corporate Purposes | ₹- |
Note: The proposed utilization of IPO proceeds is based on the objectives disclosed in the Draft Red Herring Prospectus (DRHP)/Red Herring Prospectus (RHP). The company may modify the allocation of funds in accordance with business requirements, regulatory approvals, and applicable SEBI guidelines.
Analysis
Dhoot Transmission About Ipo
To be updated soon
Analysis
Dhoot Transmission IPO Company Financial Report
Dhoot Transmission Limited has reported strong and consistent financial growth over the last three financial years. The company has achieved significant growth in revenue, maintained healthy profitability, and substantially expanded its asset base. The steady increase in business operations reflects the company's strong position in the automotive wiring harness and electrical components industry ahead of its Initial Public Offering (IPO).
The financial summary below presents the company's revenue, expenses, Profit After Tax (PAT), and total assets for the reported financial years. These audited financial figures provide investors with an overview of Dhoot Transmission Limited's historical financial performance and financial position before its proposed listing.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹2,799.32 Cr. | ₹2,411.18 Cr. | ₹298.75 Cr. | ₹1,711.70 Cr. |
| 2025 | ₹3,472.24 Cr. | ₹3,014.64 Cr. | ₹353.89 Cr. | ₹2,336.23 Cr. |
| 2026 | ₹4,563.70 Cr. | ₹4,027.75 Cr. | ₹396.84 Cr. | ₹4,114.83 Cr. |
Amount in ₹ Crores: The above financial figures are based on the audited financial statements disclosed by Dhoot Transmission Limited in its IPO documents. They provide a summary of the company's historical financial performance and financial position prior to its proposed listing.
Analysis
Dhoot Transmission IPO Valuation – FY2026
The valuation metrics of Dhoot Transmission Limited provide investors with an overview of the company's profitability, financial strength, operational efficiency, and overall valuation before the IPO. Key financial indicators such as Earnings Per Share (EPS), Return on Equity (ROE), Return on Capital Employed (ROCE), EBITDA Margin, Return on Net Worth (RoNW), Debt-to-Equity Ratio, and Net Asset Value (NAV) help assess the company's financial performance and investment potential.
Based on the FY2026 audited financial statements, Dhoot Transmission has reported healthy operating margins, strong profitability, and efficient utilization of capital. The final Price-to-Earnings (P/E) ratio will be determined after the IPO price is finalized and the company's equity shares are listed on the BSE and NSE.
| KPI | Values |
|---|---|
| ROE | 16.30% |
| ROCE | 19.14% |
| EBITDA Margin | 15.71% |
| PAT Margin | 8.70% |
| Debt to Equity Ratio | – |
| Earning Per Share (EPS) | ₹24.40 (Basic) |
| Price / Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 16.55% |
| Net Asset Value (NAV) | ₹149.74 |
Note: The above valuation metrics are based on the FY2026 audited financial statements of Dhoot Transmission Limited. The final Price-to-Earnings (P/E) ratio will be available after the IPO price is finalized and the company's equity shares are listed on the BSE and NSE.
Analysis
Dhoot Transmission IPO Peer Group Comparison
Dhoot Transmission Limited operates in the automotive components and wiring harness industry. Comparing the company with established listed peers helps investors evaluate its profitability, valuation, financial efficiency, and competitive positioning within the automotive component manufacturing sector.
The comparison below includes important financial indicators such as Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), Net Asset Value (NAV), and total income of comparable listed companies.
| Company | EPS | P/E Ratio | RoNW (%) | NAV (₹) | Income |
|---|---|---|---|---|---|
| Minda Corporation Limited | 15.31 | 46.49 | 13.63% | 110.58 | ₹6,185.34 Cr. |
| Uno Minda Limited | 20.78 | 56.87 | 17.53% | 118.38 | ₹19,657.59 Cr. |
| Motherson Sumi Wiring India Limited | 0.94 | 43.24 | 28.92% | 3.26 | ₹11,477.58 Cr. |
| Sona BLW Precision Forgings Limited | 10.30 | 74.64 | 10.70% | 96.23 | ₹4,475.15 Cr. |
Note: The peer group comparison is based on publicly available financial information disclosed in the IPO offer documents. Investors should evaluate these metrics together with Dhoot Transmission Limited's financial performance, valuation, business fundamentals, and long-term growth prospects before making an investment decision.
Analysis
IPO Lead Managers aka Merchant Bankers
- Axis Capital Ltd.
- Jefferies India Pvt. Ltd.
- Kotak Mahindra Capital Co. Ltd.
- Nomura Financial Advisory & Securities (India) Pvt. Ltd.
- SBI Capital Markets Ltd.
- 360 One WAM Ltd.
FAQ
Dhoot Transmission IPO FAQs
Dhoot Transmission IPO price band is Rs 829.00 to Rs 871.00. Check the latest issue price, lot size and GMP together before applying.
Dhoot Transmission IPO open date is 10 Aug 2026, close date is 12 Aug 2026, and listing date is 17 Aug 2026.
Dhoot Transmission IPO lot size is 17 shares. The minimum retail investment is Rs 14,807.
Dhoot Transmission is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
Dhoot Transmission IPO subscription status currently shows Subscription data is currently awaited.
Dhoot Transmission Limited designs, develops, and manufactures electrical and electromechanical components. The company’s core business activity is the production of wiring harnesses, cables, connectors, and power cords. Revenue is primarily generated from the sale of these products through contracts with customers. The company operates as a supplier to the automotive industry, serving original equipment manufacturers (OEMs) as well as tier 1 and tier 2 component manufacturers. Its key focus is on the two-wheeler and three-wheeler vehicle segments, which include both internal combustion engine (ICE) and electric vehicle (EV) models. A significant portion of its business comes from major OEMs, including Bajaj Auto, TVS Motor Company, and Honda Motorcycle and Scooter India, supplying both domestic and export markets.
Dhoot Transmission IPO issue size is 3066.89 and the expected allotment date is 13 Aug 2026.