Dhoot Transmission IPO: Overview
Dhoot Transmission Limited, a Pune-headquartered manufacturer of automotive wiring harnesses and electrical components, is set to launch its ₹3,066.89 crore mainboard IPO on August 10, 2026. The issue closes on August 12, 2026, with listing on both BSE and NSE expected on August 17, 2026 — making this one of the larger mainboard IPOs of the August 2026 window.
The issue combines a fresh issue of ~₹1,400 crores with a substantial offer for sale of up to 1,91,37,602 equity shares by existing shareholders.
Dhoot Transmission IPO: Key Dates
|
Event |
Date |
|
Anchor Bidding Date |
August 7, 2026 |
|
IPO Open Date |
August 10, 2026 |
|
IPO Close Date |
August 12, 2026 |
|
Basis of Allotment |
August 13, 2026 |
|
Refunds Initiated |
August 14, 2026 |
|
Credit to Demat Account |
August 14, 2026 |
|
Listing Date (BSE, NSE) |
August 17, 2026 |
Dhoot Transmission IPO: Issue Details
|
Particular |
Detail |
|
Face Value |
₹2 per equity share |
|
Price Band |
₹829 to ₹871 per share |
|
Total Issue Size |
~₹3,066.89 crores |
|
Fresh Issue |
~₹1,400 crores |
|
Offer for Sale |
Up to 1,91,37,602 equity shares |
|
Issue Type |
Book Building Issue |
|
Listing |
BSE, NSE |
Reservation is split 35% for retail, 50% for QIB, and 15% for NII/HNI.
Dhoot Transmission IPO: Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Minimum) |
1 |
17 |
₹14,807 |
|
Retail (Maximum) |
13 |
221 |
₹1,92,491 |
|
S-HNI (Minimum) |
14 |
238 |
₹2,07,298 |
|
S-HNI (Maximum) |
67 |
1,139 |
₹9,92,069 |
|
B-HNI (Minimum) |
68 |
1,156 |
₹10,06,876 |
About Dhoot Transmission
Incorporated in 1998 and headquartered in Pune, Dhoot Transmission is one of India's largest dedicated manufacturers of automotive wiring harnesses and related electrical and electronics (E&E) components — the assemblies of wires, connectors, and protective sleeves that transmit electrical power and data throughout a vehicle. The company's product range spans wiring harnesses, battery packs, sensors, electronic controllers, and automotive switches, supplying both conventional (ICE) and electric vehicle platforms.
Dhoot Transmission is among India's largest two-wheeler and three-wheeler wiring harness manufacturers, with an expanding footprint in commercial vehicles, off-road equipment, farm vehicles, and EV-specific components. The company operates 22 manufacturing facilities across India, the UK, Slovakia, and Thailand, and counts major OEMs — including Bajaj Auto, TVS Motor, Honda Motorcycle & Scooter India, and Royal Enfield — among its customers. As of December 2025, the company employed over 2,681 people. The business converted from a private to a public limited company in December 2025 ahead of this IPO.
Objects of the Issue
|
Purpose |
Amount |
|
Repayment/prepayment of company's outstanding borrowings |
₹464.80 crores |
|
Investment in subsidiaries (Dhoot Autocomponents, Dhoot Electricals Systems, Dhoot Automotive Systems, Dhoot Transmission UK) for debt repayment |
₹301.77 crores |
|
Setting up new wiring harness manufacturing plants (Jhajjar, Haryana & Hosur, Tamil Nadu) |
₹150.00 crores |
|
Funding inorganic growth through unidentified acquisitions and general corporate purposes |
Balance amount |
Financial Performance
|
Period |
Revenue |
Expense |
PAT |
Assets |
|
FY2024 |
₹2,799.32 Cr |
₹2,411.18 Cr |
₹298.75 Cr |
₹1,711.70 Cr |
|
FY2025 |
₹3,472.24 Cr |
₹3,014.64 Cr |
₹353.89 Cr |
₹2,336.23 Cr |
|
FY2026 |
₹4,563.70 Cr |
₹4,027.75 Cr |
₹396.84 Cr |
₹4,114.83 Cr |
Both revenue and profit have grown consistently across all three years, with revenue up over 63% and PAT up roughly 33% from FY24 to FY26 — a steady, if not explosive, growth trajectory for a business of this scale.
How To Apply for the IPO ?
- Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of the IPO?
Steps to check IPO allotment status on JM Pro app:
- Log in to the JM Pro app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
JM Financial Services will notify you of your IPO allotment status via push notification and email
Frequently Asked Questions (FAQs)
Q1. What is the Dhoot Transmission IPO price band?
The price band is set at ₹829 to ₹871 per equity share.
Q2. When does the Dhoot Transmission IPO open and close?
The IPO opens on August 10, 2026, and closes on August 12, 2026.
Q3. What is the Dhoot Transmission IPO lot size?
The minimum lot is 17 shares, requiring an application amount of ₹14,807 at the upper price band.
Q4. What is the total issue size of the Dhoot Transmission IPO?
The total issue size is approximately ₹3,066.89 crores, comprising a fresh issue of ~₹1,400 crores and an offer for sale of up to 1,91,37,602 equity shares.
Q5. When will Dhoot Transmission shares list, and on which exchanges?
Shares are expected to list on both BSE and NSE on August 17, 2026.
Q6. What does Dhoot Transmission manufacture?
Dhoot Transmission manufactures automotive wiring harnesses, battery packs, sensors, electronic controllers, and switches for two-wheelers, three-wheelers, commercial vehicles, and EVs, supplying OEMs including Bajaj Auto, TVS Motor, and Royal Enfield.
