Dhoot Transmission IPO: ₹3,066 Cr Issue Opens Aug 10

Dhoot Transmission will launch its Mainboard IPO, aiming to raise approximately ₹3,066.89 crores. The book-built offering opens for subscription on August 10, 2026, and will close on August 12, 2026.

This IPO comprises 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 equity shares is set between ₹829 and ₹871.

IPO Timeline & Allocation

• Allotment Date: August 13, 2026
• Listing Date (BSE and NSE): August 17, 2026
• Minimum Market Lot: 17 shares
• Minimum Application Amount: ₹14,807

Investor allocation for the IPO segments 50% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for Retail Individual Investors.

Financial Highlights (FY2026)

Dhoot Transmission reported strong financial growth in fiscal year 2026.

• Revenue: ₹4,563.70 crores (up from ₹3,472.24 crores in 2025)
• Profit: ₹396.84 crores (up from ₹353.89 crores in 2025)
• Return on Equity (ROE): 16.30%
• Return on Capital Employed (ROCE): 19.14%
• EBITDA Margin: 15.71%
• Net Asset Value (NAV): ₹149.74

Planned Utilisation of Funds

The proceeds from the IPO are earmarked for strategic debt reduction and expansion initiatives.

• Repayment of company borrowings: ₹464.80 crores
• Repayment of subsidiary borrowings: ₹301.77 crores (for Dhoot Autocomponents Private Limited, Dhoot Electricals Systems Private Limited, Dhoot Automotive Systems Private Limited, and Dhoot Transmission UK Limited)
• New manufacturing plants: ₹150.00 crores (in Jhajjar, Haryana, and Shoolagiri, Hosur, Tamil Nadu)
• General corporate purposes: Remaining funds

BC Asia Investments XV Ltd. and Rahul Radhavallabh Dhoot are the promoters behind Dhoot Transmission. The IPO management consortium includes Axis Capital Ltd., Jefferies India Pvt. Ltd., Kotak Mahindra Capital Co. Ltd., Nomura Financial Advisory & Securities (India) Pvt. Ltd., SBI Capital Markets Ltd., and 360 One WAM Ltd.

Kfin Technologies Ltd. will serve as the registrar for the issue, overseeing the allocation and listing processes.