The IPO was open for subscription from August 10 to August 12 and obtained an amazing response from buyers throughout classes. General, the difficulty was subscribed 74.21 occasions. The retail portion was subscribed 8.12 occasions, whereas institutional demand was notably sturdy. The Certified Institutional Consumers (QIB) class was subscribed a staggering 212.92 occasions, whereas the Non-Institutional Buyers (NII) section noticed subscription of 51.93 occasions.
The general public concern comprised a contemporary concern of 1.61 crore shares price Rs 1,400 crore and a suggestion on the market (OFS) of 1.91 crore shares aggregating to Rs 1,666.89 crore.
Axis Capital Ltd. served because the book-running lead supervisor for the difficulty, whereas Kfin Technologies Ltd. acted because the registrar.
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Forward of the IPO, Dhoot Transmission raised Rs 918.27 crore from 72 anchor buyers on August 7, 2026. The corporate allotted 1,05,42,657 fairness shares to anchor buyers at Rs 871 apiece—the higher finish of the IPO value band. Every share has a face worth of Rs 2, with the remaining Rs 869 representing the share premium. The sturdy anchor participation added one other optimistic sign forward of the general public concern.
How Will Dhoot Transmission Use the IPO Proceeds?
The corporate plans to deploy the IPO proceeds in the direction of strengthening its stability sheet, lowering debt and funding future growth. Round Rs 464.80 crore of the web proceeds shall be used to repay or prepay sure excellent borrowings. One other Rs 301.77 crore shall be infused into subsidiaries, together with Dhoot Autocomponents Personal Restricted, Dhoot Electricals Methods Personal Restricted, Dhoot Automotive Methods Personal Restricted and Dhoot Transmission UK Restricted. These funds are anticipated to assist the subsidiaries cut back their debt burden.Dhoot Transmission has additionally earmarked Rs 150 crore for organising new wiring harness manufacturing amenities at Jhajjar in Haryana and Shoolagiri in Hosur, Tamil Nadu. The brand new amenities are geared toward increasing manufacturing capability to cater to rising demand. The remaining proceeds shall be used to pursue inorganic development alternatives, together with acquisitions, in addition to for common company functions.
About Dhoot Transmission
Based in April 1998, Dhoot Transmission is a significant participant in India’s electrical and electronics (E&E) automotive ecosystem. The corporate designs, engineers, manufactures and provides wiring harnesses and electrical distribution programs for automotive and industrial purposes.
Its product portfolio spans wiring harnesses, battery packs, sensors, digital controllers, automotive switches, terminals, connectors and energy provide cords. Importantly, its merchandise cater to each inner combustion engine (ICE) and electrical car (EV) platforms.
Dhoot Transmission ranks among the many prime two gamers in India’s two-wheeler and three-wheeler wiring harness market, with a 41% market share. Its place is even stronger in electrical two-wheelers and three-wheelers, the place it instructions practically 70% market share in FY26. The corporate additionally serves industrial automobiles, off-highway automobiles, agricultural gear and industrial purposes.
Considered one of its key strengths is its positioning for the transition in the direction of electrical mobility. Round 95% of its automotive product portfolio is both EV-focused or powertrain-neutral, probably positioning the corporate to learn from long-term tendencies comparable to car electrification, premiumisation, related mobility and automation.
As of March 31, 2026, the corporate had 2,735 full-time workers throughout manufacturing, analysis and growth, engineering, gross sales, finance and company capabilities.
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Dhoot Transmission Monetary Efficiency
The corporate delivered sturdy monetary development in FY26, supported by increased income and continued profitability. Dhoot Transmission’s complete earnings rose 31% to Rs 4,563.70 crore in FY26, in contrast with Rs 3,472.24 crore in FY25. Revenue After Tax (PAT) elevated 12% to Rs 396.84 crore, from Rs 353.89 crore a 12 months earlier.
The mix of sturdy IPO subscription, strong institutional demand, a sizeable gray market premium and wholesome monetary efficiency has created appreciable curiosity forward of Dhoot Transmission’s market debut.
(Disclaimer: Suggestions, solutions, views and opinions given by the specialists are their very own. These don’t characterize the views of The Financial Instances)
