Dhoot Transmission Limited has announced that its Initial Public Offering (IPO) will open for subscription on Monday, August 10, 2026. The public issue will close on Wednesday, August 12, 2026, while the Anchor Investor bidding will take place on Friday, August 7, 2026.
The company has fixed the price band for the IPO at ₹829 to ₹871 per equity share of face value ₹2 each. Investors can bid for a minimum of 17 equity shares and in multiples of 17 shares thereafter. At the upper end of the price band, the issue values the company at a price-to-earnings (P/E) ratio of 35.70 times based on its diluted earnings per share for FY2026, while the lower end values it at 33.98 times, compared with the average industry peer P/E of 55.31 times.
The IPO comprises a fresh issue of equity shares worth up to ₹1,400 crore and an Offer for Sale (OFS) of up to 1,91,37,602 equity shares by existing shareholders. The OFS includes up to 16,018,769 shares offered by promoter selling shareholder BC Asia Investments XV Limited and up to 3,118,833 shares offered by promoter group selling shareholder Mangalam Capital Private Limited.
The company has also announced a discount of ₹80 per equity share for eligible employees applying under the employee reservation category. Dhoot Transmission reported a weighted average return on net worth of 27.06% over the last three financial years, reflecting its consistent financial performance.
The issue is being offered through the Book Building Process in accordance with the SEBI ICDR Regulations. Up to 50% of the net offer will be allocated to Qualified Institutional Buyers (QIBs), with up to 60% of the QIB portion available for Anchor Investors on a discretionary basis. Within the Anchor Investor allocation, 33.33% is reserved for domestic mutual funds and 6.67% for life insurance companies and pension funds, subject to valid bids.
At least 15% of the net offer has been reserved for Non-Institutional Investors, while 35% has been earmarked for Retail Individual Investors. Eligible employees will also receive a dedicated reservation in the offering. All investors, except Anchor Investors, are required to submit applications through the Application Supported by Blocked Amount (ASBA) process. UPI-based investors can also participate by providing their UPI ID while submitting bids.
The equity shares are proposed to be listed on both the BSE Limited and the National Stock Exchange of India Limited (NSE), with NSE serving as the designated stock exchange for the issue. Axis Capital Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory and Securities (India) Private Limited, SBI Capital Markets Limited and 360 ONE WAM Limited are acting as the Book Running Lead Managers for the IPO.
Dhoot Transmission currently operates 22 manufacturing facilities globally and supplies critical electrical and electronic systems across automotive and industrial applications. The company continues to expand its offerings across ICE and EV platforms, including sensors, controllers, battery systems, and power distribution solutions, reinforcing its transition toward integrated mobility electronics.
