Dhoot Transmission IPO 2026: Price Band, Issue Size, Financials, Subscription Status & Review

The Dhoot Transmission IPO opens for subscription on August 10, 2026, and closes on August 12, 2026. The company aims to raise ₹3,066.89 crore through a combination of a fresh issue worth ₹1,400.00 crore and an Offer for Sale (OFS) of ₹1,666.89 crore. The IPO price band has been fixed at ₹829 to ₹871 per share, and the shares are proposed to be listed on both the BSE and NSE on August 17, 2026.

Dhoot Transmission Limited is one of India's leading automotive wiring harness and electrical component manufacturers, supplying advanced connectivity and electrical solutions to automotive OEMs across both Internal Combustion Engine (ICE) and Electric Vehicle (EV) platforms. Over the past two decades, the company has expanded its product portfolio beyond wiring harnesses into automotive electronics, sensors, controllers, connectors, battery packs, charging solutions, and other high-value electrical systems.

In this article, we'll cover the Dhoot Transmission IPO details, GMP, subscription status, financial performance, business model, competitive strengths, risks, valuation, and whether investors should consider investing in the IPO.

Dhoot Transmission IPO Details

Dhoot Transmission IPO Timeline

Dhoot Transmission Financial Performance

Dhoot Transmission has reported consistent revenue growth and healthy profitability over the past several financial years, supported by increasing demand for automotive electrical systems, expansion into electric vehicle components, and long-standing relationships with leading OEMs.

For the nine months ended December 31, 2025, the company generated total income of ₹3,279.24 crore and reported a Profit After Tax (PAT) of ₹301.46 crore. During FY25, Dhoot Transmission recorded ₹3,472.24 crore in revenue and ₹353.89 crore in net profit, highlighting its strong operational performance despite changing market dynamics.

The company has continued investing in manufacturing capacity, product innovation, and technology to strengthen its leadership in automotive wiring harnesses and EV electrical systems.

Dhoot Transmission Financial Performance

*Financials for FY26 represent the nine months ended 31 December 2025.

Financial Highlights

• Revenue crossed ₹3,400 crore in FY25.
• Profit After Tax remained above ₹300 crore, reflecting strong earnings.
• EBITDA stood at ₹590.96 crore during FY25.
• Total assets increased to over ₹3,000 crore, driven by business expansion.
• Net worth improved significantly over the last three years.
• Continued investment in EV components and manufacturing capabilities supports long-term growth.

Key Financial Ratios (KPIs)

*Based on the latest available financial information in the IPO documents.

The company's financial ratios reflect a profitable and operationally efficient business with healthy return ratios and manageable leverage. ROE above 23%, ROCE exceeding 22%, and steady EBITDA margins demonstrate the company's strong execution capabilities. While borrowings have increased in line with business expansion, the debt profile remains under control, supported by robust cash generation and profitability.

Dhoot Transmission IPO GMP

As of 4 August 2026, the Dhoot Transmission IPO GMP stands at ₹168 per share. Based on the upper price band of ₹871, the estimated listing price is around ₹1,039, indicating an expected listing gain of approximately 19.29%.

The Grey Market Premium has been available for only the last two sessions and has increased from ₹146 to ₹168, indicating improving market sentiment ahead of the IPO. However, investors should note that GMP is an unofficial indicator and may change significantly before listing. It should not be considered the sole basis for making an investment decision.

Dhoot Transmission IPO Subscription Status

The Dhoot Transmission IPO will remain open for subscription from 10 August 2026 to 12 August 2026.

Current Subscription: Yet to Open

Investors can apply within the price band of ₹829–₹871 per share. The total issue size is ₹3,066.89 crore, comprising a fresh issue and an Offer for Sale. Live subscription figures will begin updating once the IPO opens for bidding on 10 August 2026.

Dhoot Transmission IPO Day-wise Subscription Trend

What is the current subscription data for Dhoot Transmission IPO?

The live subscription data will be updated using official BSE and NSE bidding information after the IPO opens. It will display the number of shares offered, shares bid, and subscription multiple across all investor categories.

What is Dhoot Transmission Ltd.?

Dhoot Transmission Limited, established in 1999, is a leading manufacturer of automotive wiring harnesses, electrical distribution systems, electronic components, and EV solutions. The company serves several leading automobile manufacturers globally and has built a strong presence across the two-wheeler, three-wheeler, passenger vehicle, commercial vehicle, off-road vehicle, and agricultural equipment segments.

Initially recognized for its expertise in wiring harness manufacturing, the company has significantly diversified its product portfolio over the past 25 years by entering the automotive electronics and EV component ecosystem. Today, Dhoot Transmission develops and manufactures technologically advanced products used in conventional vehicles as well as next-generation electric mobility platforms.

Its diversified product portfolio includes:

• Wiring Harnesses
• Automotive Switches
• Electronic Sensors
• Controllers
• Connectors & Terminals
• Automotive Cables
• Power Cords
• Battery Packs
• Charging Guns
• Charging Inlets
• Off-board Chargers
• Residual Current Devices (RCDs)
• High Voltage Wiring Harnesses
• Low Voltage Wiring Harnesses
• Lithium-ion Battery Assembly Solutions

The company's manufacturing capabilities support a wide range of industries, including:

• Two-Wheelers
• Three-Wheelers
• Passenger Vehicles
• Commercial Vehicles
• Electric Vehicles (EVs)
• Agricultural Equipment
• Construction Equipment
• Off-road Vehicles
• Medical Devices
• Household Appliances

With growing global adoption of electric mobility, Dhoot Transmission has positioned itself as a key supplier of EV electrical systems and battery-related solutions. Its investments in research, manufacturing, and technology have enabled the company to become an integrated automotive electrical solutions provider.

The company is promoted by Rahul Radhavallabh Dhoot and BC Asia Investments XV Ltd., with promoters holding 100% of the company's equity prior to the IPO.

Objects of the Dhoot Transmission IPO

The company intends to utilize the net proceeds from the fresh issue for the following purposes:

• ₹493.99 crore for repayment or prepayment of existing borrowings.
• ₹272.59 crore for investment in subsidiaries to repay or prepay their outstanding borrowings.
• ₹150 crore towards setting up new wiring harness manufacturing facilities in Jhajjar, Haryana, and Hosur, Tamil Nadu.
• Funding inorganic growth through future acquisitions.
• General corporate purposes.

Competitive Strengths

• Leading manufacturer of automotive wiring harnesses with over 25 years of industry experience.
• Strong presence across both ICE and Electric Vehicle (EV) platforms.
• Diversified product portfolio including wiring harnesses, switches, sensors, controllers, connectors, battery packs, and charging solutions.
• Long-standing relationships with leading automotive OEMs across domestic and international markets.
• Advanced engineering and manufacturing capabilities supported by multiple production facilities.
• Growing global footprint with operations and subsidiaries across several countries.
• Strong financial performance with healthy profitability and consistent revenue growth.
• Well-positioned to benefit from increasing EV adoption and vehicle electrification trends.

Risks Investors Should Consider

• High dependence on the automotive industry and overall vehicle demand.
• Business may be impacted by fluctuations in raw material prices, particularly copper and plastics.
• Customer concentration risk due to dependence on large OEM clients.
• Intense competition from established domestic and global auto component manufacturers.
• Delay in execution of expansion projects may affect future growth.
• Any slowdown in EV adoption or global automobile production could impact demand.
• Foreign exchange fluctuations may affect export revenues and international operations.

Should You Invest in Dhoot Transmission IPO?

Dhoot Transmission Limited is one of India's established automotive component manufacturers with a strong presence in the wiring harness segment. Over the last 25 years, the company has expanded beyond conventional wiring harnesses into electronic components, automotive switches, sensors, controllers, connectors, charging solutions, and lithium-ion battery assembly for electric vehicles. Its diversified product portfolio, long-standing relationships with leading OEMs, and growing global presence position the company to benefit from rising automobile production and increasing EV adoption.

The company's financial performance also remains healthy. As of the latest reported period, it has generated strong revenue, consistent profitability, improving net worth, and healthy return ratios. The IPO proceeds will primarily be used to reduce debt, invest in subsidiaries, establish new manufacturing facilities, and support future inorganic growth, which could strengthen its long-term business prospects.

However, investors should also consider risks such as dependence on the automotive industry, volatility in raw material prices, customer concentration, intense competition, and execution risks related to capacity expansion. Although the current Grey Market Premium (GMP) of ₹168 indicates positive listing expectations, GMP is only an unofficial market indicator and should not be the sole basis for making an investment decision. Investors should carefully evaluate the company's valuation, industry outlook, and subscription response before applying.
 

Looking to Invest in Dhoot Transmission Before Its IPO?

If you want to invest in Dhoot Transmission before its public listing, you can check the latest unlisted share price, valuation, availability, and investment process on UnlistedKraft's dedicated page once the shares become available in the unlisted market.

Summary

The Dhoot Transmission IPO is a ₹3,066.89 crore Mainboard Book Build Issue, comprising a fresh issue of ₹1,400 crore and an Offer for Sale (OFS) worth ₹1,666.89 crore. The company plans to utilize the net proceeds mainly for debt repayment, investment in subsidiaries, setting up new manufacturing facilities, and supporting future acquisitions and corporate growth.

Dhoot Transmission has established itself as a leading automotive wiring harness and electronic systems manufacturer with a diversified product portfolio, strong OEM relationships, and increasing exposure to electric vehicle technologies. Supported by healthy financial performance and a positive grey market premium, the IPO may attract investors seeking exposure to India's fast-growing automotive and EV component industry. Investors should monitor the latest GMP, subscription status, and valuation before making an investment decision.

Frequently Asked Questions (FAQs)

What is the Dhoot Transmission IPO?

Dhoot Transmission IPO is a Mainboard Book Build Issue worth ₹3,066.89 crore, consisting of a fresh issue of ₹1,400 crore and an Offer for Sale (OFS) of ₹1,666.89 crore.

What are the Dhoot Transmission IPO dates?

The IPO will open on 10 August 2026 and close on 12 August 2026.

What is the Dhoot Transmission IPO price band?

The company has fixed the price band at ₹829 to ₹871 per equity share.

What is the lot size of Dhoot Transmission IPO?

The minimum application size is 17 shares, requiring an investment of ₹14,807 at the upper price band.

What is the Dhoot Transmission IPO GMP today?

As of 4 August 2026, the latest Grey Market Premium (GMP) is ₹168, indicating an estimated listing price of around ₹1,039. Since GMP changes frequently, investors should track the latest updates before investing.

When will Dhoot Transmission IPO allotment take place?

The tentative basis of allotment is scheduled for 13 August 2026.

When is Dhoot Transmission IPO listing?

The shares are expected to be listed on BSE and NSE on 17 August 2026.

Sources

• Dhoot Transmission DRHP
• Chittorgarh IPO
• InvestorGain
• InvestKraft

Disclaimer

This article is intended solely for informational and educational purposes and should not be considered investment or financial advice. IPO details, Grey Market Premium (GMP), subscription figures, allotment dates, and listing schedules are subject to change. Investors should read the Red Herring Prospectus (RHP), verify the latest information from official sources, and consult a qualified financial advisor before making any investment decisions. Investments in securities markets are subject to market risks.

Author: Komal Bhatt

Komal Bhatt is a finance content writer at InvestKraft, specialising in well-researched articles on financial products, stock markets, and investment opportunities, with a particular focus on unlisted shares.

She holds a Master’s degree in Commerce from the University of Delhi, which gives her a solid academic foundation in finance and business. With over three years of hands-on experience in creating digital finance content, Komal has developed a clear understanding of investor needs through her work on wealth management, NISM certification programs, and market education materials.

Komal is passionate when it comes to breaking down complex financial concepts into simple, accurate and actionable insights. Her goal is to help everyday investors understand markets better and make more informed decisions based on reliable, research-backed information.