Dhoot Transmission Limited is set to go public in August 2026, raising up to ₹1,400 crore as it integrates electronics expansion which could position the company for growth in electric vehicles.
Dhoot Transmission Limited is set to open its initial public offering on August 10, 2026, in a transaction that combines fresh capital with a sale of shares by existing investors. The auto components maker has fixed the price band at ₹829 to ₹871 a share and will close the issue on August 12, with the stock slated for listing on BSE and NSE. Bids must be placed in lots of 17 shares.
According to the offer documents, the company plans to raise up to ₹1,400 crore through new shares while existing shareholders will sell up to 1.91 crore shares. The selling shareholders include BC Asia Investments XV Limited and Mangalam Capital Private Limited. The company has also set aside an employee discount of ₹80 a share for eligible staff bidding in the reserved portion.
The IPO follows a series of regulatory steps over the past few months. Moneycontrol reported that Dhoot Transmission filed its papers with the Securities and Exchange Board of India through the confidential pre-filing route in February before submitting updated draft documents in May. The Financial Express later reported that the company received SEBI approval for the float, clearing the way for the market debut.
Founded by Rahul Dhoot in 1999, the company supplies original equipment manufacturers across the automotive and consumer durables sectors and has been expanding beyond wiring harnesses into electronics. Moneycontrol said Bain Capital backs the business, while recent reporting also noted the acquisition of Multilink, which added more electronics and electrical products for two- and three-wheeler makers and could strengthen the group’s position in electric vehicles. The issue’s valuation places the stock at 33.98 times to 35.70 times fiscal 2026 earnings, below the average peer multiple of 55.31 times, according to the offer material.
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