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Latest GMP
- Lead Manager
- Axis Capital Limited
- IPO Registrar
- Kfin Technologies Limited
- IPO Open Date
- 10th Aug 2026
- IPO Close Date
- 12th Aug 2026
- Allotment date
- 13th Aug 2026
- Listing date
- 17th Aug 2026
- Issue Size
- ₹ 3067 Cr.
- Issue Price Band
- ₹ 829 to 871
- Lot Size
- 17 Share
- Minimum Investment
- ₹ 14807
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Dhoot Transmission Limited
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. These products cater to both internal combustion engine (ICE) and electric vehicle (EV) platforms.
Market Position
Dhoot Transmission is among the top two players in India’s two-wheeler (2W) and three-wheeler (3W) wiring harness market, with a 41% market share. It 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.
Customer Base
The company has established long-term relationships with leading automotive OEMs while maintaining a diversified customer base and robust financial performance.
Workforce
As of March 31, 2026, the company employed 2,735 full-time employees across manufacturing, R&D, engineering, sales, finance, and corporate functions.
Competitive Strengths
- Established leadership in India’s 2W and 3W wiring harness market with a comprehensive product portfolio
- Well-positioned to capitalise 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
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 04-08-2026 | ₹871 | ₹200 | ₹1071 ( 22.96% ) | ₹3,400.00 | 04-Aug-2026 11:57 AM |
Financials of Dhoot Transmission Limited
A quick overview of the key financial performance of Dhoot Transmission Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 31%, Profit after Tax (PAT) increased by 12%, Total Assets increased by 76% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 2,799.32 | 3,472.24 | 4,563.70 |
| Assets | 1,711.70 | 2,336.23 | 4,114.83 |
| Total Income | 2,799.32 | 3,472.24 | 4,563.70 |
| Profit After Tax | 298.75 | 353.89 | 396.84 |
| EBITDA | 512.40 | 590.96 | 710.99 |
| Net Worth | 749.16 | 993.98 | 2,434.95 |
| Reserves & Surplus | 731.05 | 975.98 | 2,396.65 |
| Total Borrowings | 554.90 | 776.06 | 841.39 |
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
| 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 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 16.3 |
| ROCE (%) | 19.14 |
| RoNW (%) | 16.55 |
| PAT Margin (%) | 8.7 |
| EBITDA Margin (%) | 15.71 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
21.06
19.4
|
| P/E (x) |
41.36
44.9
|
| Promoter Holding (%) |
84.87
-
|
IPO Lead Manager(s)
Lead Manager Details
- Axis Capital Limited
- Contact Person: Harish Patel / Simran Gadh
- SEBI Registration Number: INM000012029
- Investor Grievance Email: complaints@axiscap.in
- Website: https://www.axiscapital.co.in
- Email: dtl.ipo@axiscap.in
- Phone: +91 22 4325 2183
- Address: 1st Floor, Axis House, P.B. Marg, Worli, Mumbai 400025, Maharashtra, India
Lead Manager Details
- Jefferies India Private Limited
- Contact Person: Akshat Shah / Nidhi Rana
- SEBI Registration Number: INM000011443
- Investor Grievance Email: jipl.grievance@jefferies.com
- Website: https://www.jefferies.com
- Email: Dhoot.Transmission.IPO@jefferies.com
- Phone: +91 22 4356 6000
- Address: Level 16, Express Towers, Nariman Point, Mumbai 400021, Maharashtra, India
Lead Manager Details
- Kotak Mahindra Capital Company Limited
- Contact Person: Ganesh Rane
- SEBI Registration Number: INM000008704
- Investor Grievance Email: kmccredressal@kotak.com
- Website: https://https://investmentbank.kotak.com
- Email: Dhoot.ipo@kotak.com
- Phone: +91 22 4336 0000
- Address: 1st Floor, 27 BKC, Plot No. C-27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400051, Maharashtra, India
Lead Manager Details
- Nomura Financial Advisory and Securities (India) Private Limited
- Contact Person: Vishal Kanjani / Shreyas Goel
- SEBI Registration Number: INM000011419
- Investor Grievance Email: investorgrievances-in@nomura.com
- Website: https://www.nomuraholdings.com/company/group/asia/india/index.html
- Email: dhootipo@nomura.com
- Phone: +91 22 4037 4037
- Address: Ceejay House, 11th Level, Plot F, Shivsagar Estate, Dr. Annie Besant Road, Worli, Mumbai 400018, Maharashtra, India
Lead Manager Details
- SBI Capital Markets Limited
- Contact Person: Krithika Shetty / Sylvia Mendonca
- SEBI Registration Number: INM000003531
- Investor Grievance Email: investor.relations@sbicaps.com
- Website: https://www.sbicaps.com
- Email: dhoottransmission.ipo@sbicaps.com
- Phone: +91 22 4006 9807
- Address: 1501, 15th Floor, A & B Wing, G Block, Parinee Crescenzo, Bandra Kurla Complex, Bandra (East), Mumbai 400051, Maharashtra, India
Lead Manager Details
- 360 ONE WAM Limited
- Contact Person: Devesh Patkar
- SEBI Registration Number: INM000012801
- Investor Grievance Email: mbinvestorcomplaints@360.one
- Website: https://www.360.one
- Email: dhoottransmission.ipo@360.one
- Phone: +91 22 4031 7000
- Address: 360 ONE Centre, Kamala City, Senapati Bapat Marg, Lower Parel (West), Mumbai 400013, Maharashtra, India
IPO Registrar
- Registrar Name
- Kfin Technologies Limited
- dhoot.ipo@kfintech.com
- Phone
- +91 40 6716 2222 / 1800 309 4001
- Contact Person
- M. Murali Krishna
- SEBI Registration Number
- INR000000221
- Address
- Selenium Tower B, Plot No. 31 and 32, Financial District, Nanakramguda, Serilingampally, Hyderabad, Rangareddy 500032, Telangana, India
- Website
- https://www.kfintech.com/
Company Contact Details
- Company Name
- Dhoot Transmission Limited
- cs@dhoottransmission.com
- Phone
- +91 24 3166 2600
- Contact Person
- Amey Deeliprao Jogas, Company Secretary and Compliance Officer
- Corporate Identity Number
- U31300PN1998PLC131629
- Address
- Gut No. 312, Nanekarwadi, Chakan, Tq. Khed, Dist. Pune, Chakan, Pune 410501, Maharashtra, India
Dhoot Transmission Limited FAQs
