Dhoot Transmission IPO

The Dhoot Transmission mainboard IPO opens for subscription on 10 Aug 2026 and closes on 12 Aug 2026, offered at a price band of ₹829–871 per share, and is set to list on NSE and BSE. In total, the issue aims to mobilise ₹3,066.89 crore. Retail investors bid in lots of 17 shares, a minimum application of ₹14,807.

Issue structure

The offer combines a fresh issue of ₹1,400.33 crore with an offer for sale (OFS) of ₹1,666.56 crore by existing shareholders. Money raised through the fresh issue goes to the company for its stated objects, while OFS proceeds go to the selling shareholders rather than the business.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward repayment/prepayment, in full or in part, of all or certain outstanding borrowings availed by the company (₹464.8 crore), alongside funding inorganic growth through unidentified acquisitions and general corporate purposes(1) (₹410.41 crore). In all, 5 objects are disclosed — the full break-up is in the table above.

Financials

In FY2026, Dhoot Transmission reported revenue of ₹4,563.7 crore and a net profit of ₹396.84 crore. Revenue grew from ₹2,799.32 crore in FY2024 to ₹4,563.7 crore in FY2026 (+63.0%). Net worth stood at ₹2,397.15 crore at the end of FY2026. At the upper band, that puts the issue at roughly 41.4× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.

Valuation

At the upper band, the issue is priced at 44.9× post-issue earnings and 5.82× book value, against a return on net worth of 16.55% and a debt-to-equity ratio of 0.35. These ratios come from the offer document and are for comparison, not a recommendation.

Peer comparison

The offer document names listed peers including Minda Corporation Ltd and Motherson Sumi Wiring India Ltd, with a median peer P/E of about 51.7×. The issue's own post-issue P/E works out to 44.9×.

Promoters

The promoters of the company are <p>BC Asia Investments XV Ltd., Rahul Radhavallabh Dhoot</p>. Promoter holding stands at 100% before the issue and comes down to 82.78% after listing.

Grey market premium (GMP)

In the unofficial grey market, Dhoot Transmission shares are quoted at a premium of ₹262 implying an expected listing around ₹1,133, about +30.1% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

Subscription

The Dhoot Transmission IPO was subscribed 75.06 times overall. The strongest demand came from qualified institutional buyers (QIB) at 209.02 times, with non-institutional investors (NII) at 53.13× and retail investors at 8.32×.

Listing performance

Dhoot Transmission listed on 17 Aug 2026 at ₹1,193.8, a premium of +37.1% over the issue price of ₹871.

What to weigh

When evaluating the Dhoot Transmission IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About Dhoot Transmission

Dhoot Transmission (Dhoot Transmission Ltd.) is an auto components & equipments company. It filed its draft red herring prospectus (DRHP) with SEBI on 02-Feb-2026, and received SEBI observations (approval) on 05-May-2026. The proposed IPO (fresh capital cum ofs) is expected to list on BSE and NSE. Axis Capital is acting as a lead manager. IPO dates, price band and lot size have not been announced yet — this page updates automatically once they are.