Bain Capital-backed Dhoot Transmission Initial Public Offering to open on Monday, 10 August, 2026 The price Band is set at Rs 829-871 per Equity Share  

 MUMBAI: Dhoot Transmission Limited IPO price band has been fixed in the range of Rs 829 to Rs 871 per equity share of the face value of Rs 2. The company plans to raise Rs 3,066.89 crore at the upper end of the price band. The Dhoot Transmission IPO date of subscription is scheduled for Monday, 10 August and will close on Wednesday, 12 August. The allocation to anchor investors for Dhoot Transmission is scheduled for Friday, 7 August.

Dhoot Transmission has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.

Tentatively, Dhoot Transmission IPO basis of allotment of shares will be finalised on Thursday, 13 August and the company will initiate refunds on Friday, 14 August, while the shares will be credited to the demat account of allottees on the same day following refund. Dhoot Transmission share price is likely to be listed on BSE and NSE on Monday, 17 August.

The public issue comprises a fresh issue of equity shares worth Rs 1,400 crore and an offer for sale (OFS) of around 1.9 crore shares by existing shareholders, including Bain Capital. The private equity firm currently owns around 55% of the company, while the remaining stake is held by the Dhoot family.

At the upper end of the price band, Dhoot Transmission is expected to have a market capitalisation of Rs 17,816.14 crore upon listing.As told to our newsman Sachin Murdeshwar, The proceeds from the fresh issue are expected to be utilised for debt repayment, capital expenditure, funding working capital requirements, and general corporate purposes, strengthening the company’s balance sheet as it prepares for its next phase of growth.

The IPO is being managed by Axis Capital, Jefferies, Kotak Mahindra Capital, Nomura, SBI Capital Markets, and 360 ONE WAM, which are acting as the book-running lead managers to the issue.

Founded more than two decades ago by promoter Rahul Dhoot, the Maharashtra-based company manufactures a broad portfolio of automotive and industrial electrical components, including wiring harnesses, automotive switches, electronic sensors and controllers, connectors and terminals, automotive cables, power cords, and battery packs The IPO management team addressing the investors and media were – Rahul Dhoot, Managing Director- Naveen Kumar Chief Executive Officer-India- Nitinkumar Kalani, Chief Financial Officer

Dhoot Transmission founded in 1999, is an automotive components manufacturer that produces wiring harnesses, electronic sensors, automotive switches, cords, cables, and EV components for a wide range of vehicles, including two-wheelers, three-wheelers, passenger vehicles, commercial vehicles, off-highway vehicles, and farm equipment, catering to both internal combustion engine (ICE) and electric vehicle (EV) segments.

The company operates 22 manufacturing facilities across India, the UK, Slovakia, and Thailand, supported by engineering and design centres and by warehouses strategically located near key automotive hubs. Its business model is built on integrated manufacturing, in-house product development, backward integration, and long-term partnerships with original equipment manufacturers (OEMs).

Dhoot Transmission’s customer base includes leading automakers such as Bajaj Auto, TVS Motor, Honda Motorcycle & Scooter India, and Royal Enfield.