Dhoot Transmission's initial public offering (IPO) opened for public subscription on Monday. Earlier, the auto components manufacturer Dhoot Transmission Ltd announced the price band for its Rs 3,067-crore initial share sale at Rs 829-871 per share. The public subscription will close on August 12.
Meanwhile, GMP for the Dhoot Transmission IPO remained high at 29 per cent over the IPO price. According to investorgain.com, last updated Aug 10th 2026, 09:37 AM. With this, the IPO's estimated listing price is Rs 1130, up 29.74 per cent as compared to the upper price band of Rs 871.
IPO Details
This IPO includes a fresh issuance of equity shares totalling up to Rs 1,400 crore, alongside an Offer For Sale (OFS) of up to 1.91 crore equity shares by Mangalam Capital Private Ltd and BC Asia Investments XV Limited, an affiliate of the private equity firm Bain Capital.
Shares Reservations
The offer structure reserves 50 per cent for Qualified Institutional Buyers (QIBs), 15 per cent for Non-Institutional Investors (NIIs), and designates the remaining 35 per cent for retail participants.
Additionally, equity shares valued up to Rs 6 crore are set aside for qualifying employees, who will receive a Rs 80 discount per share relative to the final offer price.
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Market Cap And Listing Date
Based on the upper limit of the price band, the company's post-issue market capitalisation is estimated at approximately Rs 17,816 crore, whereas the lower limit suggests a valuation of roughly Rs 17,025 crore.
It is anticipated that the company's shares will be officially listed on the stock market on August 17.
Where Proceeds Would Be Used
The firm intends to allocate the fresh issue proceeds toward settling or prepaying specific outstanding debts, funding subsidiaries to clear debt, and establishing new manufacturing facilities for wiring harnesses in Hosur, Tamil Nadu, and Jhajjar, Haryana.
Furthermore, a portion of the capital raised will support strategic initiatives and inorganic acquisitions.
About The Company
Established in 1999 by Rahul Dhoot with its headquarters in Aurangabad, Maharashtra, Dhoot Transmission specialises in the production of electronic sensors, wiring harnesses, automotive switches, controllers, cables, power cords, terminals, and connectors.
The company's product portfolio serves various sectors, including two- and three-wheelers, commercial and off-road vehicles, agricultural machinery, earth movers, domestic appliances, and medical equipment.
The book-running lead managers for the IPO are Axis Capital, Kotak Mahindra Capital, Jefferies India, SBI Capital Markets, Nomura Financial Advisory, and 360 ONE WAM, with KFin Technologies acting as the registrar.