Dhoot Transmission IPO: Price Band, Lot Size, Financials & Review
Dhoot Transmission IPO listed on BSE & NSE on Mon, 17 Aug 2026. The issue was subscribed 73.71x overall.
- Open Date
- 10 Aug 2026
- Close Date
- 12 Aug 2026
Last updated
- Price band
- ₹829 – ₹871
- Lot size
- 17 shares
- Min. investment
- ₹14,807
- Issue size
- ₹3,066.89 Cr
- Last GMP
- +₹257
- Subscribed
- 🔥 73.71x
Dhoot Transmission IPO details
Dhoot Transmission IPO is a ₹3,066.89 Cr book-building IPO on the Mainboard segment, listing on BSE & NSE. It combines a fresh issue of ₹1,400 Cr (45.65%) with an offer for sale of ₹1,666.89 Cr (54.35%) by existing shareholders. Only the fresh issue money goes to the company.
The issue was open from Mon, 10 Aug 2026 to Wed, 12 Aug 2026. Allotment was finalised on Thu, 13 Aug 2026, and the shares listed on BSE & NSE on Mon, 17 Aug 2026.
The price band is ₹829 to ₹871 per share and the lot size is 17 shares, so the minimum retail application is ₹14,807. Retail investors can apply for up to 13 lots (221 shares, ₹1,92,491).
KFin Technologies Limited is the registrar, and Axis Capital Limited, Jefferies India Private Limited, SBI Capital Markets Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd and 360 ONE WAM Limited are the book running lead managers.
Grey market premium (GMP)
Day-wise GMP →The last Dhoot Transmission IPO GMP before listing was +₹257 (+29.51% against the upper price band of ₹871), implying an estimated listing price of ₹1,128. Across 10 days of tracking, GMP ranged from +₹146 (03 Aug) to +₹276 (12 Aug).
| Last GMP | +₹257 |
|---|---|
| GMP vs upper band | +29.51% |
| Estimated listing price | ₹1,128 |
| Highest (12 Aug) | +₹276 |
| Lowest (03 Aug) | +₹146 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the Dhoot Transmission IPO day-wise GMP.
Subscription
Day-wise subscription →Dhoot Transmission IPO was subscribed 73.71x overall: QIB 209.02x, NII 48.95x and retail 8.31x.
| Category | Subscribed |
|---|---|
| QIB | 209.02x |
| NII | 48.95x |
| └ bNII (above ₹10 lakh) | 59.41x |
| └ sNII (₹2–10 lakh) | 40.56x |
| Retail | 8.31x |
| Employees | 8.60x |
| Total | 73.71x |
Final figures at the close of bidding on 12 Aug 2026. Category-wise bids, application-wise breakup and allotment chances are on the Dhoot Transmission IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Anchor Investors | 1,05,42,657 | 29.56% |
| Qualified Institutions | 70,28,440 | 19.71% |
| Non-Institutional | 57,21,329 | 16.04% |
| └ BNII | 35,14,219 | 9.85% |
| └ SNII | 17,57,110 | 4.93% |
| Retail Investors | 1,22,99,768 | 34.48% |
| Employees | 75,853 | 0.21% |
| Total | 3,56,68,047 | 100.00% |
Shares offered include the anchor investor portion, which is allotted a day before the issue opens. Subscription figures exclude anchors, so category sizes on the subscription page are smaller.
Dhoot Transmission IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 17 | ₹14,807 |
| Retail (Max) | 13 | 221 | ₹1,92,491 |
| S-HNI (Min) | 14 | 238 | ₹2,07,298 |
| S-HNI (Max) | 67 | 1,139 | ₹9,92,069 |
| B-HNI (Min) | 68 | 1,156 | ₹10,06,876 |
Amounts at the upper end of the price band.
Issue structure and valuation
It combines a fresh issue of ₹1,400 Cr (45.65%) with an offer for sale of ₹1,666.89 Cr (54.35%) by existing shareholders. Only the fresh issue money goes to the company.
At the upper price band of ₹871, the issue is priced at 41.36x pre-issue earnings and 44.90x post-issue earnings per share.
The post-issue P/E is higher because the fresh issue adds new shares, which spreads the same profit over more shares.
Listed peers with positive earnings trade at a median P/E of 51.68x (4 companies).
Promoter holding falls from 100.00% before the issue to 82.77% after it.
| EPS (pre-issue) Latest earnings per share before the issue | ₹21.06 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | 41.36x |
| EPS (post-issue) EPS on the enlarged share capital | ₹19.4 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | 44.90x |
| Promoter holding (pre-issue) | 100.00% |
| Promoter holding (post-issue) | 82.77% |
Dhoot Transmission Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹3,472.24 Cr to ₹4,563.7 Cr, and profit after tax rose from ₹353.89 Cr to ₹396.84 Cr. The PAT margin for 31 Mar 2026 was 8.70%.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 4,114.83 | 2,336.23 | 1,711.70 |
| Total Income | 4,563.70 | 3,472.24 | 2,799.32 |
| Profit After Tax | 396.84 | 353.89 | 298.75 |
| EBITDA | 710.99 | 590.96 | 512.40 |
| Net Worth | 2,397.15 | 978.18 | 741.01 |
| Reserve & Surplus | 2,360.40 | 975.98 | 724.74 |
| Total Borrowings | 841.39 | 776.06 | 554.90 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 16.30 | 35.60 | 39.88 |
| ROCE % | 19.14 | 29.66 | 33.56 |
| Debt / Equity | 0.35 | 0.78 | 0.74 |
| RoNW % | 16.55 | 36.18 | 40.32 |
| Pat Margin % | 8.70 | 10.19 | 10.67 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| Dhoot Transmission Ltd | 2 | — | 24.40 | 24.40 | 16.55% | 149.74 |
| Minda Corporation Ltd | 2 | 46.49 | 15.31 | 15.07 | 13.63% | 110.58 |
| Uno Minda Ltd | 2 | 56.87 | 20.78 | 20.75 | 17.53% | 118.36 |
| Motherson Sumi Wiring India Ltd | 1 | 43.24 | 0.94 | 0.94 | 28.92% | 3.26 |
| Sona Blw Precision Forgings Ltd | 10 | 74.64 | 10.30 | 10.30 | 10.70% | 96.23 |
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 |
About Dhoot Transmission Limited
Incorporated in 1998, Dhoot Transmission Limited is one of India's leading automotive electrical and electronic (E&E) component manufacturers, specializing in the design, development, and manufacture of advanced electrical distribution and electronic systems for the automotive industry.
The company's product portfolio includes wiring harnesses, battery packs, sensors, electronic controllers, automotive switches, and other electrical and electronic components catering to both Internal Combustion Engine (ICE) and Electric Vehicle (EV) platforms. Its solutions are widely used across two-wheelers, three-wheelers, commercial vehicles, off-highway vehicles, and industrial equipment.
Products and Solutions
Dhoot Transmission offers a diversified portfolio of automotive electrical and electronic products, including:
- Wiring Harnesses: Customized electrical distribution systems that enable power transmission and communication between vehicle components.
- Battery Packs: Battery assembly solutions designed for electric mobility applications.
- Sensors: Automotive sensors used for monitoring and controlling various vehicle functions.
- Electronic Controllers: Intelligent electronic control units (ECUs) that enhance vehicle performance, safety, and efficiency.
- Automotive Switches: High-quality switches for vehicle control systems and user interfaces.
Manufacturing and Engineering Capabilities
The company operates 22 manufacturing facilities across India, the United Kingdom, Slovakia, and Thailand, supported by engineering and design centres as well as strategically located warehouses near major automotive manufacturing hubs. This global manufacturing footprint enables Dhoot Transmission to efficiently serve domestic and international customers while maintaining high standards of quality, innovation, and timely delivery.
Business Model
Dhoot Transmission follows an integrated business model focused on:
- End-to-end product design and engineering
- In-house research and product development
- Backward integration for key manufacturing processes
- Large-scale precision manufacturing
- Long-term partnerships with leading automotive OEMs
This integrated approach enables the company to deliver customized, cost-effective, and technologically advanced solutions while ensuring quality, operational efficiency, and supply chain reliability.
Customer Base
The company supplies its products to several leading automotive original equipment manufacturers (OEMs), including:
- Bajaj Auto Limited
- TVS Motor Company Limited
- Honda Motorcycle & Scooter India Private Limited
- Royal Enfield (Eicher Motors Limited)
These long-standing customer relationships reflect the company's strong engineering capabilities, product quality, and reliability in the automotive components industry.
As of March 31, 2026, the company employed 2,735 full-time employees across manufacturing, R&D, engineering, sales, finance, and corporate functions.
Promoters
- BC Asia Investments XV Ltd.
- Rahul Radhavallabh Dhoot
Contact details
Dhoot Transmission Ltd.
Gut No 312
Nanekarwadi, Chakan Tq Khed
Dist Pune, NA, Chakan
Pune, Maharashtra, 410501
Telephone: +91-24 3166 2600
Email: cs@dhoottransmission.com
Website: https://dhoottransmission.com/
Dhoot Transmission IPO FAQs
- What is the Dhoot Transmission IPO price band?
- The Dhoot Transmission IPO price band is ₹829 to ₹871 per share.
- What is the Dhoot Transmission IPO lot size and minimum investment?
- The Dhoot Transmission IPO lot size is 17 shares. The minimum retail investment is ₹14,807 for one lot at the upper price band. Retail investors can apply for up to 13 lots (221 shares), costing ₹1,92,491.
- When was Dhoot Transmission IPO open for subscription?
- Dhoot Transmission IPO was open for subscription from Mon, 10 Aug 2026 to Wed, 12 Aug 2026.
- What is the Dhoot Transmission IPO subscription status?
- Dhoot Transmission IPO was subscribed 73.71x overall: QIB 209.02x, NII 48.95x and retail 8.31x. Day-wise and category-wise figures are on the subscription page.
- What was the Dhoot Transmission IPO GMP before listing?
- The last Dhoot Transmission IPO GMP before listing was +₹257 (+29.51% against the upper price band of ₹871), implying an estimated listing price of ₹1,128. Across 10 days of tracking, GMP ranged from +₹146 (03 Aug) to +₹276 (12 Aug). GMP is an unofficial grey market indicator and can change quickly.
- What is the Dhoot Transmission IPO allotment date?
- The Dhoot Transmission IPO basis of allotment was finalised on Thu, 13 Aug 2026. You can check your allotment status on the KFin Technologies Limited website.
- What is the Dhoot Transmission IPO listing date?
- Dhoot Transmission IPO listed on BSE & NSE on Mon, 17 Aug 2026.
- Is the Dhoot Transmission IPO a fresh issue or an offer for sale?
- It combines a fresh issue of ₹1,400 Cr (45.65%) with an offer for sale of ₹1,666.89 Cr (54.35%) by existing shareholders. Only the fresh issue money goes to the company.
- Who are the registrar and lead managers of the Dhoot Transmission IPO?
- The registrar for the Dhoot Transmission IPO is KFin Technologies Limited, and the book running lead managers are Axis Capital Limited, Jefferies India Private Limited, SBI Capital Markets Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd and 360 ONE WAM Limited.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.