Dhoot Transmission IPO
About Dhoot Transmission Ltd.
Leading Indian electrical and electronics (E&E) company manufacturing wiring harnesses, battery packs, sensors, electronic controllers, and automotive switches for automotive applications across ICE and EV vehicles — two-wheelers, three-wheelers, commercial vehicles, and industrial equipment. Operates 22 manufacturing facilities across India, the UK, Slovakia, and Thailand along with engineering/design support centers and warehouses near major automotive hubs. Business model focuses on integrated manufacturing, in-house product development, backward integration, and long-term OEM partnerships. Serves OEMs including Bajaj Auto, TVS Motor, Honda Motorcycle & Scooter India, and Royal Enfield.
IPO Details
| Price Band | TBA |
| Face Value | ₹2 |
| Issue Size | TBA |
| Fresh Issue | ₹1400 Cr |
| Total Shares Offered | 1,63,10,733 |
| Listed On | Both |
Objects of the Issue
Repayment/prepayment of outstanding borrowings of the Company (₹493.99 Cr); investment in subsidiaries (Dhoot Autocomponents Pvt. Ltd., Dhoot Electricals Systems Pvt. Ltd., Dhoot Automotive Systems Pvt. Ltd., and Dhoot Transmission UK Ltd.) for repayment/prepayment of their borrowings (₹272.59 Cr); setting up a new wiring harness manufacturing plant at Sector 11, Jhajjar, Haryana and Shoolagiri, Hosur, Tamil Nadu (₹150.00 Cr); and funding inorganic growth through unidentified acquisitions and general corporate purposes.
Key Financial Metrics
EPS (Basic)
₹18.78
ROE
23.03%
ROCE
22.34%
Debt / Equity
0.63
Financial Performance
| Particulars (₹ Cr) | FY2023 | FY2024 | FY2025 | FY2026 (9M) |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| EBITDA | 298.68 | 512.4 | 590.96 | 532.05 |
| PAT | 163.91 | 298.75 | 353.89 | 301.46 |
| Total Assets | 1,261.18 | 1,711.7 | 2,336.23 | 3,068.69 |
| Net Worth | 468.53 | 741.01 | 978.18 | 1,277.21 |
| Total Borrowings | 422.67 | 554.9 | 776.06 | 822.49 |
Valuation
Market Capitalisation
P/E Ratio
Promoter Holding
Public Holding
Lot Size & Allocation
Reservation / Allocation
| Category | Allocation | Cut-off |
|---|---|---|
| QIB | 50% | No |
| Retail | 35% | Yes |
| NII | 15% | No |
Registrar & Lead Managers
Peer Comparison
| Company | Listed | Mkt Cap (₹ Cr) | EPS (₹) | P/E | ROE % |
|---|---|---|---|---|---|
| Dhoot Transmission IPO (this IPO) | — | — | ₹18.78 | — | 23.03% |
| SEDEMAC Mechatronics Ltd. | Yes | — | — | 126.91x | — |
| Tenneco Clean Air India Ltd. | Yes | — | — | 28.97x | — |
| Studds Accessories Ltd. | Yes | — | — | 33.06x | — |
Frequently Asked Questions
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