Dhoot Transmission IPO
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Dhoot Transmission IPO details
Schedule of Dhoot Transmission
| Issue open date | 10 Aug 2026 |
| Issue close date | 12 Aug 2026 |
| UPI mandate deadline | 12 Aug 2026 (5 PM) |
| Allotment finalization | 13 Aug 2026 |
| Refund initiation | 14 Aug 2026 |
| Share credit | 14 Aug 2026 |
| Listing date | 17 Aug 2026 |
| Mandate end date | 27 Aug 2026 |
| Lock-in end date for anchor investors (50%) | 11 Sep 2026 |
| Lock-in end date for anchor investors (remaining) | 10 Nov 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Dhoot Transmission
Dhoot Transmission Limited designs, develops, and manufactures electrical and electromechanical components. The company’s core business activity is the production of wiring harnesses, cables, connectors, and power cords. Revenue is primarily generated from the sale of these products through contracts with customers. The company operates as a supplier to the automotive industry, serving original equipment manufacturers (OEMs) as well as tier 1 and tier 2 component manufacturers. Its key focus is on the two-wheeler and three-wheeler vehicle segments, which include both internal combustion engine (ICE) and electric vehicle (EV) models. A significant portion of its business comes from major OEMs, including Bajaj Auto, TVS Motor Company, and Honda Motorcycle and Scooter India, supplying both domestic and export markets.
Financials of Dhoot Transmission
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 3066.89 |
| Fresh Issue – Proceeds go to the company | 1400 |
| Offer for sale – Proceeds go to the existing investors | 1666.89 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repay or prepay outstanding borrowings of the Company | 464.8 (33.20%) |
| Invest in subsidiaries (DAPL, DESPL, DASPL, DTUL) to repay their outstanding borrowings | 301.77 (21.56%) |
| Set up new wiring harness manufacturing plants in Jhajjar (Haryana) and Hosur (Tamil Nadu) |
150 (10.71%) |
| Fund unidentified inorganic acquisitions and general corporate purposes | 483.43 (34.53%) |
Strengths
- The company holds an established leadership position in India with scaled operations in two-wheeler and three-wheeler wiring harnesses.
- Operations are positioned to capitalize on key industry trends by leveraging differentiated capabilities.
- The company maintains a strong business foundation anchored by a marquee customer base and a diversified business mix.
- Strong financial performance has been demonstrated through consistent revenue and profit after tax growth.
- The business is supported by an extensive and critical product portfolio that includes newly acquired electronics capabilities.
Risks
- The top ten customers contributed over 80 percent of the total revenue in the most recent fiscal year.
- Approximately 78 percent of revenue is heavily concentrated within the two-wheeler and three-wheeler automotive sectors.
- Contracts with original equipment manufacturers are strictly requirement-based and lack long-term volume commitments.
- Profit margins have experienced compression due to rising raw material costs.
- The loss of any major key customer could severely impact the financial health and daily operations of the business.