Dhoot Transmission IPO: ₹3,067 Cr Issue Opens Aug 10

Dhoot Transmission’s mainboard book-built IPO is set to open on August 10, 2026, aiming to raise approximately ₹3,066.89 crores. The issue will close for subscription on August 12, 2026.

This capital raise includes a fresh issue of ₹1,400 crores and an offer for sale of up to 1,91,37,602 equity shares. The price band for the IPO is fixed between ₹829 and ₹871 per equity share.

Issue Details & Allocation

Investors can apply for a minimum market lot of 17 shares, requiring an investment of ₹14,807. The IPO structure reserves specific percentages for different investor categories.

• 50% for Qualified Institutional Buyers (QIBs)
• 15% for Non-Institutional Investors (NIIs)
• 35% for Retail Investors

Key Dates & Listing

The allotment of shares is anticipated to be finalized on August 13, 2026. Refunds will be processed, and shares credited to Demat accounts on August 14, 2026.

• Allotment Finalization: August 13, 2026
• Refunds & Demat Credit: August 14, 2026
• Listing on BSE and NSE: August 17, 2026

Fund Utilization Strategy

The company has outlined several primary objectives for the funds raised from the issue. These include repayment of existing borrowings and strategic investments in subsidiaries.

• Repayment of company borrowings: ₹464.80 crores
• Investment in subsidiaries for their borrowing repayments: ₹301.77 crores
• Setting up new wiring harness manufacturing plants: ₹150.00 crores

The new manufacturing facilities are planned for Jhajjar, Haryana, and Shoolagiri, Hosur, Tamil Nadu. Remaining funds will be allocated for general corporate purposes.

Financial Performance (FY2026)

For the fiscal year 2026, Dhoot Transmission reported a total income of ₹4,563.70 crores and a net profit of ₹396.84 crores. The company’s key performance indicators reflect its financial health.

• Return on Equity (ROE): 16.30%
• Return on Capital Employed (ROCE): 19.14%
• EBITDA Margin: 15.71%
• PAT Margin: 8.70%
• Earnings Per Share (EPS): ₹24.40

Promoters & Advisors

The promoters of Dhoot Transmission are BC Asia Investments XV Ltd. and Rahul Radhavallabh Dhoot. A consortium of financial institutions will manage the IPO process.

• Axis Capital Ltd.
• Jefferies India Pvt. Ltd.
• Kotak Mahindra Capital Co. Ltd.
• Nomura Financial Advisory & Securities (India) Pvt. Ltd.
• SBI Capital Markets Ltd.
• 360 One WAM Ltd.

Kfin Technologies Ltd. will serve as the registrar for the issue, handling all aspects related to share allocation and investor services.