IPO ChampIPO Insights
IPO Champ LogoIPO Champ Logo

IPOs

IPO Calendar
GMP Tracker
Subscription Status
Allotment Status
Stock Broker
  • Follow us on Instagram
  • Follow us on Facebook
  • Follow us on Threads
  • Follow us on YouTube
  • Follow us on Telegram
  • Follow us on WhatsApp
HomeIPODhoot Transmission

About Dhoot Transmission

Formally incorporated in the year 1998, Dhoot Transmission Ltd. is one of the prominent players within the electrical and electronics (E&E) industry in India that produces wiring harnesses, battery packs, sensors, electronic controls, and automotive switches. The company provides its products to ICE and electric vehicles across two-wheelers, three-wheelers, commercial vehicles, and other industrial segments. It has 22 production units in India, the UK, Slovakia, and Thailand, along with engineering, design, and warehouse facilities around key automotive clusters. The company adopts a manufacturing-integrated, product development, backward integration, and OEM partnership strategy for its operations. On December 31, 2025, the company had employed 2,681+ personnel, of which included a strong engineering and research and development function. Some of the top OEM customers served by the company include Bajaj Auto, TVS Motor Company, Honda Motorcycle & Scooter India Pvt. Ltd., and Royal Enfield.

Checklist Quality Analysis

Revenue Growth

Live IPOs

National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
Open  Close17th Sep 2026 - 21st Sep 2026
Issue Size22561.57 Cr
Min. Qty8 Shares
Issue Price₹ 1700.00
Live IPO
Antala Industries logo

Antala Industries

SME
Open  Close29th Oct 2026 - 5th Nov 2026
Issue Size22.98 Cr
Min. Qty2000 Shares
Issue Price₹ 62.00
Live IPO
Companies NameOpen - CloseIssue SizeMin. QtyIssue PriceApply
National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
17th Sep 2026 - 21st Sep 202622561.57 Cr8 Shares₹ 1700.00
Antala Industries logo

Antala Industries

SME
29th Oct 2026 - 5th Nov 202622.98 Cr2000 Shares₹ 62.00
See All Live IPOs
IPO Champ LogoIPO Champ Logo

IPO Champ helps investors track upcoming, live and past IPOs in one place with GMP, subscription, allotment status and listing performance insights.

Tools

IPO CalendarGMP TrackerSubscription StatusAllotment Status

IPOs

All IPOsLive IPOsUpcoming IPOsClosed IPOsListed IPOs

Resources

NewseBooks

Company

HomeAbout UsPrivacy PolicyTerms of Service

About IPO Champ

IPO Champ is built for investors who want a clear view of every IPO opportunity in one place. From upcoming issues to live subscription data, allotment updates and listing performance, we bring together the key details you need to track the primary market.

Our tools are designed to be simple, fast and investor-friendly so you can focus on evaluating businesses instead of opening multiple tabs and websites for basic information.

Details of client bank account
For any query / feedback / clarifications, email at
help@ipochamp.com.

Please read all offer documents and risk disclosures carefully before investing. IPO Champ does not provide investment advice and information on this site should not be treated as a recommendation to apply for any IPO.

© 2026 IPO Champ. All rights reserved.

Want to stay updated?Subscribe to our newsletter

Dhoot Transmission

Dhoot Transmission

Open Date

Aug 10, 2026

Close Date

Aug 12, 2026

listed

Min Investment

₹14,807

Lot Size

17 Shares

Issue Size

₹3066.89 Cr

Price Range

₹829 - ₹829

Listing Date

Aug 17, 2026

IPO Doc

RHP PDF

Company Valuation

Earning Expansion

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.

₹258(+29.62%)GMP
29.62%Prediction Listing Gain

Grey Market Premium (GMP) Trend

Dhoot Transmission IPO - Issue Objectives

₹464.80 crore will be used to repay or prepay certain company borrowings. ₹301.77 crore will be used to repay or prepay certain subsidiary borrowings. The company will use ₹150.00 crore for setting up a new wiring harness manufacturing plant. Up to 35% of the gross proceeds will be used for general corporate and inorganic growth purposes.

Repayment of debt

33.2%

Investment in subsidiaries

21.56%

Capital expenditure

10.71%

General corporate purposes and funding inorganic growth

34.53%

1

Repayment of debt

₹464.80 crore will be used to repay or prepay certain company borrowings.

33.20%
2

Investment in subsidiaries

₹301.77 crore will be used to repay or prepay certain subsidiary borrowings.

21.56%
3

Capital expenditure

The company will use ₹150.00 crore for setting up a new wiring harness manufacturing plant.

10.71%
4

General corporate purposes and funding inorganic growth

Up to 35% of the gross proceeds will be used for general corporate and inorganic growth purposes.

34.53%

IPO Subscription Status

QIB
209.02x
NII
53.13x
Individual
8.31x
Total
75.05x

Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).

Financials of Dhoot Transmission

In Cr.

About Strength & Risks

Why this IPO looks interesting

Key positives investors may want to consider before applying.

01

Market leadership

Market leader with >70% market share in 3W and a top-2 ranking for 2W wiring harnesses, enabled by successful fast product development execution.

02

Positive momentum driven by EV & premiumisation trends

Revenue related to electric vehicles grew by close to double in two years as regulation and electrification trends structurally boost wiring harnesses per unit volume.

03

Sticky clientele

Long-lasting relationships with OEMs over an average of 13 years with high switching costs due to customised tooling, PPAP and continuous cost engineering through VAVE.

04

What investors should watch closely

Risk factors and possible pressure points around the offer.

01

Concentration in sectors and products

Almost 78% of FY26 revenue is derived from the Indian 2W/3W segment through wiring harnesses (77.08% of revenue); any downturn or change in technology in the OEM sector will affect the firm adversely.

02

Customer concentration risk

Top 10 customers contribute 80.93% of revenues, with Bajaj Auto contributing 31.84% of revenues; loss of any major customer will have a significant impact on finances.

03

Contact Details

Dhoot Transmission

Gut No. 312, Nanekarwadi, Chakan Tq Khed, Dist Pune, Chakan, Pune, Maharashtra - 410501.

+912431662600
cs@dhoottransmission.com
https://dhoottransmission.com

Dhoot Transmission IPO - FAQs

Dhoot Transmission IPO is a Mainboard IPO. The issue is priced at 829-₹871. The minimum order quantity is 17 Shares. The IPO opens on 10 Aug, and closes on 12 Aug. TBA is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

IPO Timeline

  • Pre Apply2026-08-07
  • Bidding Starts2026-08-10
  • Bidding Ends2026-08-12
  • Allotment Finalisation2026-08-13
  • Release of Funds2026-08-14
  • Demat Transfer2026-08-14
  • Listing2026-08-17

Experienced management & institutional support

Experienced management with over 20 years' industry experience on average and a growing R&D team as well as support from BC Asia XV.

Lack of volume commitment

The firm works on the requirements / purchase order basis without having any minimum volume commitment contract with the customer, where customers can change / reschedule or cancel orders without any compensation for tooling, engineering and capacity investments.

04

Working capital & capital intensity

Net working capital days increased from 12 to 102 in just one year against net capex of ₹328.18 crore.

05

Cost sensitivity to raw materials

The cost of raw materials consumed increased from 65.51% to 67.82% of revenues, with copper price fluctuations being a continuous margin risk despite pass-through clauses.