Dhoot Transmission Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 84.12x | 17,571,096 | 1,478,036,576 | ₹1,530 Cr |
| NII (HNI) | 52.96x | 5,271,330 | 279,148,585 | ₹459 Cr |
| Retail | 8.06x | 12,299,768 | 99,118,636 | ₹1,071 Cr |
| Employee | — | 75,853 | — | ₹7 Cr |
| Σ Total | 1.24x | 75,853 | 93,823 | ₹7 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 17 | ₹14,807 |
| Retail (Max) | 13 | 221 | ₹192,491 |
| S-HNI (Min) | 14 | 238 | ₹207,298 |
| B-HNI (Min) | 67 | 1,139 | ₹992,069 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 4,564 | 3,472 | 2,799 |
| EBITDA | 711 | 591 | 512 |
| Profit After Tax | 397 | 354 | 299 |
| Net Worth | 2,397 | 978 | 741 |
| Total Assets | 4,115 | 2,336 | 1,712 |
| Reserves & Surplus | 2,360 | 962 | 725 |
| Total Borrowing | 841 | 776 | 555 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Repayment/prepayment, in full or in part, of all or certain outstanding borrowings availed by the Company – 301.77
- 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. – 150.00
- 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 –
- Funding inorganic growth through unidentified acquisitions and general corporate purposes(1) –
Company Overview
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.
The company is among the top two players in India's two-wheeler (2W) and three-wheeler (3W) wiring harness market, with a 41% market share and is a leader in the electric 2W and 3W segment with a market share of nearly 70% in Fiscal 2026. Its products are also used in commercial vehicles, off-highway vehicles, farming equipment, and industrial applications. Approximately 95% of its automotive product portfolio is EV-focused or powertrain-neutral, positioning the company to benefit from electrification, premiumization, connected vehicles, and automation trends.
Dhoot Transmission has established long-term relationships with leading automotive OEMs while maintaining a diversified customer base and robust financial performance.
As of March 31, 2026, the company employed 2,735 full-time employees across manufacturing, R&D, engineering, sales, finance, and corporate functions.
Strengths
- Established leadership in India's 2W and 3W wiring harness market with a comprehensive product portfolio.
- Well-positioned to capitalize on EV adoption, premiumization, automation, and connected vehicle trends.
- Strong business foundation backed by marquee OEM customers and a diversified business mix.
- Consistent financial performance supported by scalable manufacturing operations.
- Experienced management team, strong R&D capabilities, and reputed investor support.