Dhoot Transmission Limited
IPO Details
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₹262(30.08%)
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Dhoot Transmission Limited's has transitioned to a publicly listed entity following its IPO debut on Aug 17, 2026 at the NSE, BSE exchange. The public offering successfully raised 3,52,18,047 Shares, consisting of 1,60,80,445 Sharesin new capital and ₹1666.89 Cr in existing shareholder sales.
The IPO featured a competitive price range of ₹829 to ₹871 and minimum application size of 17 shares. Market reception was evidenced through subscription activity between Aug 10, 2026 and Aug 12, 2026, reflecting investor appetite for the offering.
Allotment of shares was completed on Aug 13, 2026, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Established in 1999, Dhoot Transmission Group is a global company known for providing wiring harness solutions mainly for two-wheelers and three-wheelers, while also supporting commercial vehicles, off-road vehicles, and agricultural equipment across both traditional and electric platforms. The company manufactures a wide range of products such as wiring harnesses, automotive switches, sensors, controllers, connectors, cables, power cords, and battery packs, serving industries like automotive, agriculture, medical devices, and home appliances. Over the years, it has expanded beyond wiring harnesses into advanced electronics and connection systems, and in the EV segment, it offers products like charging guns, inlets, chargers, RCDs, and lithium-ion battery solutions, strengthening its position in the growing electric vehicle market.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong OEM Customer Relationships: The company has long-term partnerships with leading automotive OEMs, supporting repeat business and stable revenue growth.
- Strong EV-Focused Product Portfolio: It offers a wide range of products for the electric vehicle (EV) industry, positioning it to benefit from the growing adoption of EVs.
- Diversified Automotive Electrical Solutions: The company provides a broad range of automotive electrical products, reducing dependence on a single product category and supporting growth across multiple markets.
- Dependence on 2W, 3W & Wiring Harness Business: A large portion of the company's revenue comes from wiring harnesses supplied to the two-wheeler and three-wheeler segments. Any slowdown in vehicle demand could impact business performance.
- Customer Concentration Risk: A significant share of revenue comes from a limited number of customers. Loss of key customers or lower order volumes could affect revenue and profitability.
- Lack of Long-Term Order Commitments: The company does not have fixed long-term order commitments from OEM customers. Any reduction or cancellation of orders could impact revenue and business planning.
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