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Wed, 05 Aug 2026
11:50:37 am
Wed, 05 Aug 2026
11:50:37 am
Rudransh Sangwan
Published at: August 5, 2026, 9:44 AM
Synopsis
Stay updated with the Dhoot Transmission IPO opening on August 10, 2026. Check the latest GMP, price band, IPO dates, lot size, financials, subscription details, valuation, listing expectations, and complete review before investing.
India's primary market is set to welcome another major public issue as the Dhoot Transmission IPO opens for subscription on August 10, 2026. The ₹3,066.89 crore mainboard IPO has already generated significant attention in the grey market, with the latest Grey Market Premium (GMP) indicating expectations of a strong listing. The company is one of India's leading manufacturers of wiring harnesses, electrical distribution systems, automotive electronics and EV components, supplying products to major automobile manufacturers across domestic and international markets.
The IPO consists of a fresh issue worth ₹1,400 crore and an Offer for Sale (OFS) worth ₹1,666.89 crore. The proceeds from the fresh issue will primarily be used for debt repayment, investments in subsidiaries, capacity expansion through new manufacturing facilities, acquisitions and general corporate purposes. With strong financial growth, leadership in India's two wheeler and three wheeler wiring harness market, and increasing exposure to electric vehicles, Dhoot Transmission enters the public markets at a time when investors continue to closely track opportunities in the automotive and EV supply chain.
| Particulars | Details |
|---|---|
| IPO Type | Book Built Issue |
| IPO Size | ₹3,066.89 Crore |
| Fresh Issue | ₹1,400 Crore |
| Offer for Sale | ₹1,666.89 Crore |
| IPO Opens | 10 August 2026 |
| IPO Closes | 12 August 2026 |
| Listing Date | 17 August 2026 (Tentative) |
| Price Band | ₹829 to ₹871 per share |
| Face Value | ₹2 per share |
| Exchange | NSE & BSE |
| Lot Size | 17 Shares |
| Registrar | KFin Technologies Ltd |
| Lead Manager | Axis Capital Ltd |
The grey market has remained positive ahead of the IPO opening. As of 5 August 2026, the latest Dhoot Transmission IPO GMP stands at ₹255, indicating strong investor interest before subscription begins.
Disclaimer: GMP is sourced from grey market dealers and is indicative only. It is unofficial and should not be considered a guarantee of listing performance. Investors should conduct their own due diligence before investing.
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gain |
|---|---|---|---|---|
| 5 Aug 2026 | ₹871 | ₹255 | ₹1,126 | 29.28% |
| 4 Aug 2026 | ₹871 | ₹253 | ₹1,124 | 29.05% |
| 3 Aug 2026 | Price Band Not Announced | ₹146 | - | - |
| Event | Date |
|---|---|
| IPO Opens | 10 August 2026 |
| IPO Closes | 12 August 2026 |
| Allotment | 13 August 2026 |
| Refund Initiation | 14 August 2026 |
| Shares Credited | 14 August 2026 |
| Listing Date | 17 August 2026 |
| Category | Lots | Shares | Investment Amount |
|---|---|---|---|
| Retail Minimum | 1 | 17 | ₹14,807 |
| Retail Maximum | 13 | 221 | ₹1,92,491 |
| Small HNI Minimum | 14 | 238 | ₹2,07,298 |
| Big HNI Minimum | 68 | 1,156 | ₹10,06,876 |
Founded in 1998, Dhoot Transmission Limited is among India's leading electrical and electronics companies engaged in designing, engineering and manufacturing wiring harnesses, electrical distribution systems and automotive electronic solutions. The company serves both internal combustion engine (ICE) and electric vehicle (EV) platforms while also catering to commercial vehicles, agricultural equipment, industrial applications and non automotive industries.
The company has established itself as one of the top two players in India's two wheeler and three wheeler wiring harness market, holding nearly 41% market share. In the electric two wheeler and three wheeler segment, its market share is close to 70%, making it one of the strongest beneficiaries of India's growing EV ecosystem. Around 95% of its automotive portfolio is already EV focused or powertrain neutral, positioning the company well for future industry trends.
Dhoot Transmission has delivered healthy financial growth over the past financial year, supported by increasing demand from automotive manufacturers and expansion across EV platforms.
| Particulars (₹ Crore) | FY26 | FY25 | Growth |
|---|---|---|---|
| Revenue | 4,563.70 | 3,472.24 | 31% |
| EBITDA | 710.99 | 590.96 | 20% |
| Profit After Tax | 396.84 | 353.89 | 12% |
| Net Worth | 2,397.15 | 978.18 | Strong Growth |
| Total Assets | 4,114.83 | 2,336.23 | Significant Growth |
Although margins moderated slightly because of business expansion and product mix changes, revenue and earnings continued to grow steadily.
The company plans to utilize the fresh issue proceeds for business expansion and strengthening its balance sheet.
| Objective | Amount (₹ Crore) |
|---|---|
| Repayment of Borrowings | 464.80 |
| Investment in Subsidiaries | 301.77 |
| New Manufacturing Plants | 150.00 |
| Inorganic Growth & Corporate Purposes | Balance Amount |
The new manufacturing facilities in Jhajjar, Haryana, and Hosur, Tamil Nadu, are expected to enhance production capacity and support future growth.
Several factors make Dhoot Transmission an important player in India's automotive component industry.
| Strength | Details |
|---|---|
| Market Leadership | Top two player in India's 2W & 3W wiring harness market |
| EV Exposure | Around 95% portfolio is EV focused or powertrain neutral |
| Strong OEM Relationships | Supplies leading automobile manufacturers |
| Diversified Product Portfolio | Wiring harnesses, battery packs, controllers, sensors, connectors and switches |
| Manufacturing Scale | Established production and R&D capabilities |
The Dhoot Transmission IPO combines strong industry positioning with consistent financial performance and significant exposure to India's rapidly expanding electric vehicle ecosystem. Revenue increased by 31% in FY26 while profitability also improved despite margin moderation. The company plans to reduce debt, expand manufacturing capacity and strengthen subsidiary operations through the IPO proceeds, which could support long term growth.
Valuation remains relatively premium at around 44.9 times post issue earnings, higher than the average sector valuation. However, investors appear optimistic because of the company's market leadership, growing EV business and strong grey market demand. The latest GMP of ₹255 indicates expectations of a healthy listing premium, although GMP should never be treated as a guarantee of listing performance.
Investors looking for exposure to India's automotive component and electric vehicle supply chain may find Dhoot Transmission an interesting long term opportunity. The company benefits from strong OEM relationships, leadership in wiring harnesses, expanding EV adoption and healthy revenue growth. At the same time, investors should carefully evaluate valuation, industry competition, future earnings growth and the company's Red Herring Prospectus before making an investment decision. While the current GMP remains strong, investment decisions should always be based on business fundamentals rather than grey market activity alone.
| Particular | Details |
|---|---|
| Sector | Auto Components |
| Industry Focus | Wiring Harnesses & EV Components |
| Market Leadership | Top 2 in India's 2W & 3W Wiring Harness Market |
| FY26 Revenue | ₹4,563.70 Crore |
| FY26 PAT | ₹396.84 Crore |
| Latest GMP | ₹255 |
| Expected Listing Price | ₹1,126 (Indicative) |
| Listing Date | 17 August 2026 (Tentative) |
The Dhoot Transmission IPO will open for subscription on August 10, 2026, and close on August 12, 2026. The allotment is expected on August 13, 2026, while the tentative listing date on the NSE and BSE is August 17, 2026.
As of August 5, 2026, the Dhoot Transmission IPO GMP is ₹255 per share. Based on the upper price band of ₹871, the estimated listing price is around ₹1,126, indicating an estimated listing gain of approximately 29.28%. However, GMP is unofficial and should not be considered a guarantee of listing performance.
The Dhoot Transmission IPO price band has been fixed at ₹829 to ₹871 per share. The minimum lot size is 17 shares, requiring a minimum investment of ₹14,807 for retail investors at the upper price band.
Dhoot Transmission has reported 31% revenue growth and 12% growth in profit after tax (PAT) in FY26 while maintaining a strong position in India's automotive wiring harness and EV component industry. Investors should evaluate the company's financial performance, valuation, business prospects, industry outlook and the Red Herring Prospectus (RHP) before making an investment decision instead of relying solely on GMP.
The company plans to use the fresh issue proceeds for repaying existing borrowings, investing in subsidiaries for debt reduction, setting up new wiring harness manufacturing plants in Haryana and Tamil Nadu, and funding future acquisitions and general corporate purposes to support long-term business growth.
Financial journalist specializing in market analysis, stock research, and investment trends. Dedicated to providing accurate, timely insights for informed decision-making.
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