Dhoot Transmission Limited IPO
LISTEDMAINBOARDSUBSCRIBEDHOOTTRANSListing Performance
▲ 37.77%
Issue Price
₹871
Listing Price
₹1,200
Listed On
17 Aug 2026
- Price Band
- ₹829 – ₹871
- Lot Size
- 17
- Lot Value
- ₹14,807
- Open Date
- 10 Aug10 Aug 2026
- Close Date
- 12 Aug12 Aug 2026
- Min Investment
- ₹14,807
About Dhoot Transmission Limited
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. Discuss on Trading Q&A
Manufactures and sells wiring harnesses and other automotive components primarily to two-wheeler and three-wheeler manufacturers in India.
Use of IPO Proceeds
Total allocation: ₹27.26 Cr (excludes issue expenses)
Promoters
Rahul Radhavallabh Dhoot
Managing Director
Pre-issue: 29.87%
Investment Analysis
Quick Analysis: 5 strengths · 5 risk factors· Exchange: NSE
Strengths (5)
- •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.
Risk Factors (5)
- •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.
📊 Algorithmic Score
Computed from issue structure — GMP, fresh issue %, OFS %, issue size
Why do these differ? The Algorithmic Score measures issue quality (structure, size, promoter commitment). The Demand Analysis measures investor interest signals (subscription, GMP, risks). A high-quality issue can still have unconfirmed demand — especially before subscription opens.
✍️ Demand & Risk Analysis
Based on market demand signals — subscription, GMP trend, risk factors
IPO Market Analysis
▲ Listed +37.8%Strong investor demand with 50x subscription suggests positive listing momentum. GMP indicates market expects a listing premium.
Pre-listing prediction: SUBSCRIBE
Investor Quota
Approx. shares reserved per category
Estimated from total issue size; actual reserved lots are set in the RHP.
Application Lot Sizes
Retail caps at ₹2,00,000 (13 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 17 | ₹14,807 |
| Retail (max) | 13 | 221 | ₹1,92,491 |
| S-HNI (min) | 14 | 238 | ₹2,07,298 |
| S-HNI (max) | 67 | 1,139 | ₹9,92,069 |
| B-HNI (min) | 68 | 1,156 | ₹10,06,876 |
Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.06x | 0.39x | 137.79x |
| sNII (S-HNI) | 1.20x | 8.34x | 29.75x |
| bNII (B-HNI) | 0.69x | 8.23x | 46.85x |
| Retail | 0.58x | 2.24x | 6.00x |
| Total | 0.50x | 3.03x | 50.03x |
Colour: red <1x · amber 1–10x · green ≥10x oversubscribed.
Allotment Statistics
Retail Individual Investors (RII)
Subscription
6.00x
Allotment Ratio
1 lot per 6 applicants
Allotment Probability
~16.7%
Non-Institutional Investors (NII / HNI)
Subscription
41.15x
Allotment Type
Proportionate allotment
Qualified Institutional Buyers (QIB)
Subscription
137.79x
Allotment Type
Discretionary allotment
Total Subscription
50.03x
Allotment probability is estimated based on subscription data and is not guaranteed. Actual allotment depends on the registrar's process.
Basis of Allotment
Category-wise subscription & allotment ratio
Weigh your chances
IPO Timeline
Issue Opens
10 Aug 2026 · Mon
Issue Closes
12 Aug 2026 · Wed
UPI Deadline
12 Aug 2026 · Wed
Allotment
13 Aug 2026 · Thu
Refund
14 Aug 2026 · Fri
Share Credit
14 Aug 2026 · Fri
Listing
17 Aug 2026 · Mon
Issue Opens
10 Aug 2026 · Mon
Issue Closes
12 Aug 2026 · Wed
UPI Deadline
12 Aug 2026 · Wed
Allotment
13 Aug 2026 · Thu
Refund
14 Aug 2026 · Fri
Share Credit
14 Aug 2026 · Fri
Listing
17 Aug 2026 · Mon
IPO Details
| Registrar | KFin Technologies Limited |
| Exchange | NSE |
| ISIN | — |
| Face Value | ₹2 |
| Issue Size | ₹3067.00 Cr |
| Fresh Issue | ₹140.00 Cr |
| OFS Size | — |
| Lead Managers | Axis Capital Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory and Securities (India) Private Limited, SBI Capital Markets Limited, 360 ONE WAM Limited |
3-Year Financial Summary
Revenue trend
↑ FY23→FY25
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY25 | 3,444.86 | 353.89 | — | — | — |
| FY24 | 2,797.73 | 298.75 | — | — | — |
| FY23 | 2,125.86 | 163.91 | — | — | — |
Detailed Line Items (₹ Cr)
| Line Item | FY23 | FY24 | FY25 |
|---|---|---|---|
| EBITDA | 298.68 | 512.4 | 590.96 |
From the company's offer document (DRHP/RHP); restated figures where available.
Check the valuation yourself
Company Fundamentals
10 sections extracted from this filingCapital Structure
| Authorised Capital | — |
| Issued Capital | — |
| Paid-up Capital | ₹1.94 Cr |
| Equity Shares (Pre-Issue) | — |
| Equity Shares (Post-Issue) | — |
Source: Dhoot Transmission Limited offer document (DRHP/RHP).
Shareholding Pattern
Pre-Issue
Pre-Issue not disclosed in this filing.Not separately disclosed in Dhoot Transmission Limited's filing.
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in Dhoot Transmission Limited's filing.
Source: Dhoot Transmission Limited offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
- QIB+50.00%
- NII / HNI+15.00%
- Retail+35.00%
OFS Selling Shareholders
- BC ASIA INVESTMENTS XV LIMITED1,31,91,900 sh
- MANGALAM CAPITAL PRIVATE LIMITED31,18,833 sh
Source: Dhoot Transmission Limited offer document (DRHP/RHP).
Board & Management
Board of Directors (8)
- Ajay Seth₹0.03 Cr p.a.
Chairman and Independent Director
Bachelor's degree in commerce (honours) from University of Delhi; Associate member of the Institute of Chartered Accountants of India
More than 38 years of experience in the automotive sector
- Rahul Radhavallabh Dhoot₹0.24 Cr p.a.
Managing Director
Bachelor's degree in engineering (electronics and telecommunication) from Dr. Babasaheb Ambedkar Marathwada University, Aurangabad
More than 27 years of experience in the automotive sector
- Dhiren Vinodrai Sheth₹0.09 Cr p.a.
Executive Director and Chief Human Resources Officer
Bachelor's degree in engineering (chemical) from Dr. Babasaheb Ambedkar Marathwada University, Aurangabad
More than 18 years of experience in the automotive sector
- Saahil Haresh Bhatia₹0.00 Cr p.a.
Non-Executive Director
Bachelor's degree in electrical engineering from the University of Texas at Austin, Texas; Master's degree in business administration from INSEAD
More than 16 years of experience in investment banking, consulting and private equity
- Rishi Mandawat₹0.00 Cr p.a.
Non-Executive Director
Bachelor's degree in commerce (honours) in accounting from Jai Narain Vyas University, Jodhpur; Post graduate diploma in management from Indian Institute of Management, Ahmedabad; Qualified chartered accountant
More than 20 years of experience in consulting and private equity
- Burjor Kersasp Dadachanji₹0.00 Cr p.a.
Non-Executive Director
Bachelor's degree in commerce from the University of Mumbai; Post-graduation diploma in business from the Indian Institute of Management, Bangalore
More than 21 years of experience in healthcare, consulting and banking
- Tarun Dharampal Sharma₹0.02 Cr p.a.
Independent Director
Bachelor's degree in engineering (computer branch) from University of Pune, Pune
More than 23 years of experience in the software development sector
- Matangi Gowrishankar₹0.01 Cr p.a.
Independent Director
Bachelor's degree in arts from University of Madras, Chennai; Honours diploma in industrial relations and welfare from Xavier Labour Relations Institute, Jamshedpur
More than 28 years of experience in the human resources management sector
Key Managerial Personnel (2)
- Nitinkumar Dagdulal Kalani₹0.18 Cr p.a.
Chief Financial Officer
Bachelor's degree in commerce from the University of Pune; Fellow member of the Institute of Chartered Accountants of India; Chartered Financial Analysts charter holder from the Council of Chartered Financial Analysts Institute, USA
Over 20 years of experience in the finance sector
- Amey Deeliprao Jogas₹0.02 Cr p.a.
Company Secretary and Compliance Officer
Bachelor's degree in commerce in human resources management from Dr. Babasaheb Ambedkar Marathwada University, Aurangabad; Bachelor of laws (general) from Dr. Babasaheb Ambedkar Marathwada University, Aurangabad; Associate member of the Institute of Company Secretaries of India
Over 9 years of experience in the secretarial sector
Source: Dhoot Transmission Limited offer document (DRHP/RHP).
Industry & Market
Per CRISIL Intelligence - Industry assessment for electrical and electronics components used in automotive industry (May 2026), a report commissioned by the company (not independent).
Material Litigation
| Type | Against | Matters | Amount (₹Cr) |
|---|---|---|---|
| Civil | Directors | 1 | — |
| Tax | Company | 26 | 2.34 |
| Tax | Subsidiaries | 2 | 0.028 |
Registrar (RTA)
SEBI-registered Registrar & Transfer Agent — handles allotment and refunds.
Registrar:KFin Technologies Limited→Lead Managers (BRLMs)
Click any merchant banker for their full IPO track record (positive listing rate, average gain, IPOs managed).
Documents
Frequently Asked Questions
When is the Dhoot Transmission Limited IPO opening?
The Dhoot Transmission Limited IPO opens on 10 Aug 2026 and closes on 12 Aug 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the Dhoot Transmission Limited IPO?
The price band for the Dhoot Transmission Limited IPO is ₹829 to ₹871. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the Dhoot Transmission Limited IPO?
The minimum lot size is 17 shares with a minimum investment of ₹14,807. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of Dhoot Transmission Limited IPO today?
The latest Grey Market Premium for Dhoot Transmission Limited is ₹276 (+31.69%). GMP is unofficial data and is not a guarantee of listing price.
When will the Dhoot Transmission Limited IPO list on NSE and BSE?
The Dhoot Transmission Limited IPO is expected to list on 17 Aug 2026 on NSE. Actual listing day trading begins at the start of the normal market session.
How can I check the Dhoot Transmission Limited IPO allotment status?
The registrar for this IPO is KFin Technologies Limited. You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the Dhoot Transmission Limited IPO a mainboard or SME issue?
Dhoot Transmission Limited is a mainboard IPO that will list on the main NSE and BSE boards. Mainboard IPOs are open to retail investors with a minimum application of one lot.
How do I apply for the Dhoot Transmission Limited IPO?
You can apply for the Dhoot Transmission Limited IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA. Use the Apply Now buttons on this page to go directly to the broker.
What is the expected listing price of Dhoot Transmission Limited IPO?
Based on the current GMP of ₹276, the expected listing price of Dhoot Transmission Limited is ₹1,147 (issue price ₹871 + GMP ₹276). Note that GMP is unofficial grey market data and actual listing price may differ.
What is the allotment ratio for Dhoot Transmission Limited IPO?
Based on the retail subscription of 6.00x, the estimated allotment ratio is 1 lot per 6 applicants (approximately 16.7% chance of allotment). This is an estimate and actual allotment may vary.
Should I subscribe to Dhoot Transmission Limited IPO?
Based on our algorithmic analysis, Dhoot Transmission Limited IPO is rated SUBSCRIBE with high confidence. Strong investor demand with 50x subscription suggests positive listing momentum. GMP indicates market expects a listing premium. This is not investment advice — please read the DRHP and consult a financial advisor before investing.
Recently Listed IPOs
| Company | Listed | Listing Gain |
|---|---|---|
| Veegaland Developers | 18 Sep 2026 | +10.00% |
| Steamhouse India | 17 Sep 2026 | +16.67% |
| Manipal Payment & Identity Solutions | 17 Sep 2026 | -2.65% |
Related IPOs
Related Articles
How to Compare an IPO With Listed Peers Using Key Ratios and Growth Metrics
A practical framework for Indian retail investors on comparing an IPO with its listed peers using P/E, P/B, EV/EBITDA and growth metrics, illustrated with the NSE vs BSE case study.
Read more →
How-ToMultiple IPO Apps Won't Boost Your Allotment: The PAN Rule Explained
Many retail investors think using PhonePe, BHIM and their broker app for the same IPO creates multiple chances. It doesn't. Here is how SEBI's PAN rule actually works and the only legitimate way to improve household allotment odds.
Read more →
How-ToHow to Analyse an Indian IPO in Under 60 Minutes: A Retail Investor's Checklist
A practical, DRHP-first framework retail investors can use to size up an Indian IPO quickly, covering financials, valuation, peer comparison, use of proceeds and risk factors.
Read more →