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Dhoot Transmission Ltd

Listed

Incorporated in April 1998, Dhoot Transmission Limited is one of India's leading electrical and electronics (E&E) companies engaged in the design, engineering, manufacturing, and supply of wiring harnesses and electrical distribut

Issue details

Price band

₹829 – ₹871

Face value

₹2

Lot size

17 shares

Minimum investment

₹14,807

Issue size

₹3066.89 Cr

Fresh issue

₹1400.33 Cr

Offer for sale

₹1666.56 Cr

Issue type

Book Built

Exchange

BSE, NSE

Key dates

Opens

10 Aug 2026

Closes

12 Aug 2026

UPI mandate cut-off

5:00 PM on 12 Aug 2026

Allotment

13 Aug 2026

Refunds

14 Aug 2026

Shares in demat

14 Aug 2026

Listing

17 Aug 2026

Subscription and listing

Subscription

52.71x

Listing price

₹1200

Registrar

Kfin Technologies Ltd

Lead manager

Axis Capital, Jefferies India, Kotak Mahindra Capital Co., Nomura Financial Advisory & Securities (India), SBI Capital Markets, 360 One WAM

Subscription by category

Total

52.71x

Total applications

51,17,032

Anchor investors

Amount raised

₹918.27 Cr

Bid date

7 Aug 2026

50% lock-in ends

11 Sep 2026

Rest lock-in ends

10 Nov 2026

Listing day

Issue price

₹871

Open

₹1,200.00

High

₹1,205.00

Low

₹1,131.00

Day close

₹1,187.05

Listing gain at open

+37.77%

Issue structure

Shares reserved per category and share of the total issue

QIB

1,75,71,096

49.89%

Anchor Investor

1,05,42,657

29.94%

QIB (Ex. Anchor)

70,28,439

19.96%

NII

52,71,330

14.97%

bNII > ₹10L

35,14,220

9.98%

sNII < ₹10L

17,57,110

4.99%

Retail

1,22,99,768

34.92%

Employee

75,853

0.22%

Total

3,52,18,047

100.00%

Finaccle’s quick read

Neutral

FY26 income up 31%, PAT up 12%, ROE 16.30%, D/E 0.35, post-issue P/E 44.9x.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

About the company

Incorporated in April 1998, Dhoot Transmission Limited is one of India's leading electrical and electronics (E&E) companies engaged in the design, engineering, manufacturing, and supply of wiring harnesses and electrical distribution systems for automotive and non-automotive applications. The company offers a diversified product portfolio comprising wiring harnesses, battery packs, sensors and electronic controllers, automotive switches, terminals, connectors, and power supply cords, catering to both internal combustion engine (ICE) and electric vehicle (EV) platforms.

Founded

1998

1998

Promoters

BC Asia Investments XV Ltd., Rahul Radhavallabh Dhoot

BC Asia Investments XV Ltd., Rahul Radhavallabh Dhoot

Promoter holding

100% pre-issue; 82.78% post-issue

100% pre-issue; 82.78% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

FY26

FY26

4,563.70

4,563.70

710.99

396.84

396.84

2,397.15

841.39

841.39

4,114.83

FY25

FY25

3,472.24

3,472.24

590.96

353.89

353.89

978.18

776.06

776.06

2,336.23

FY24

FY24

2,799.32

2,799.32

512.40

298.75

298.75

741.01

554.90

554.90

1,711.70

ROE

16.30%

ROCE

19.14%

Debt / equity

0.35

PAT margin

8.70%

P/E post issue

44.9

Market cap

₹17,815.53 Cr

Use of IPO money

Repayment/prepayment, in full or in part, of all or certain outstanding borrowings availed by the Company

₹464.80 Cr

Investment in certain of our Subsidiaries, namely, Dhoot Autocomponents Private Limited, Dhoot Electricals Systems Private Limited, Dhoot Automotive Systems Pri

₹301.77 Cr

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 Cr

Funding inorganic growth through unidentified acquisitions and general corporate purposes(1)

₹410.41 Cr

Issue Expenses

₹159.96 Cr

Strengths

✓

Revenue up 31% in FY26 to ₹4,563.70 Cr

✓

ROE of 16.30% and ROCE of 19.14%

✓

Moderate leverage: debt to equity 0.35

Risks to watch

!

54% of issue is an offer for sale; company gets less fresh money

!

Modest PAT margin of 8.70%

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Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.