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Dhoot Transmission IPO Analysis 2026: Price, Date, Financials, Valuation, Risks & Investment Outlook

Last updated on 11 Aug 2026 Wraps up in 19 minutes Read by 271

Dhoot Transmission Limited (DTL) is an automotive component manufacturer specialising in auto-electrical and electronic products for two-wheelers, three-wheelers and other vehicles. Backed by Bain Capital, the company is launching a ₹3,066.89 crore mainboard IPO, comprising a ₹1,400 crore fresh issue and a ₹1,666.89 crore offer for sale.

This Dhoot Transmission IPO Analysis covers the issue details, business model, financial performance, valuation, growth opportunities and key risks to help investors assess the IPO.

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Table of Contents

  1. Dhoot Transmission IPO Overview
  2. Dhoot Transmission IPO Date and Listing Schedule
  3. Dhoot Transmission IPO Price and Minimum Investment
  4. Dhoot Transmission Company Overview
  5. Dhoot Transmission Business Model
  6. Dhoot Transmission Product Portfolio
  7. Dhoot Transmission Market Position and Competitive Strength
  8. Dhoot Transmission's OEM Customer Base
  9. Dhoot Transmission and the Electric Vehicle Opportunity
  10. Dhoot Transmission IPO Financial Performance
  11. Dhoot Transmission Profitability and Return Ratios
  12. Dhoot Transmission IPO Valuation
  13. Use of Dhoot Transmission IPO Proceeds
  14. Dhoot Transmission Growth Opportunities
  15. Key Strengths of Dhoot Transmission IPO
  16. Dhoot Transmission IPO Risks
  17. Dhoot Transmission IPO Investment Outlook
  18. Dhoot Transmission IPO: Key Takeaways for Investors
  19. Frequently Asked Questions About Dhoot Transmission IPO

Dhoot Transmission IPO Overview

The Dhoot Transmission IPO is a ₹3,066.89 crore mainboard public issue. The IPO consists of both fresh shares issued by the company and shares offered for sale by existing shareholders.

The fresh issue will bring ₹1,400 crore of new capital into Dhoot Transmission, while the remaining ₹1,666.89 crore will be raised through the offer for sale. The distinction is important because proceeds from the fresh issue will go to the company for specified purposes, whereas the OFS proceeds will accrue to the selling shareholders.

Dhoot Transmission IPO Key Details

Particular Details
IPO Dhoot Transmission IPO 2026
IPO Date 10 August 2026 to 12 August 2026
Tentative Listing Date 17 August 2026
Exchanges BSE and NSE
Price Band ₹829 to ₹871 per share
Face Value ₹2 per share
Lot Size 17 shares
Total Issue Size ₹3,066.89 crore
Fresh Issue ₹1,400 crore
Offer for Sale ₹1,666.89 crore
Registrar KFin Technologies Limited
Lead Managers Axis Capital, Jefferies India, Kotak Mahindra Capital, Nomura, SBI Capital Markets and 360 ONE WAM

The Dhoot Transmission IPO Price has been fixed in the range of ₹829 to ₹871 per equity share. Investors bidding at the upper end of the price band need to consider the company's earnings, growth profile, market position and future profitability alongside the issue price.

Dhoot Transmission IPO Details | Finology Ticker

Get the latest issue details, price band, lot size and listing information for the Dhoot Transmission IPO to assess the offer before making an investment decision.

Dhoot Transmission IPO Date and Listing Schedule

The Dhoot Transmission IPO Date is 10 August 2026, and the issue will remain open until 12 August 2026.

The tentative listing date is 17 August 2026 on both BSE and NSE, subject to completion of the IPO process and applicable regulatory procedures.

The IPO timeline is therefore structured as follows:

  • IPO opens: 10 August 2026

  • IPO closes: 12 August 2026

  • Tentative listing: 17 August 2026

  • Listing exchanges: BSE and NSE

Investors should rely on the final exchange and company disclosures for any changes to the timetable.

Dhoot Transmission IPO Price and Minimum Investment

The IPO price band has been set at ₹829 to ₹871 per share, with a lot size of 17 shares.

At the upper price band of ₹871, one lot requires an investment of ₹14,807. This represents the minimum application size for a retail investor applying for one lot at the upper end of the price band.

Minimum Retail Application

Particular Details
Shares / Lot 17 shares / 1 lot
Investment at ₹871 ₹14,807

Maximum Retail Application

Particular Details
Shares / Lots 221 shares / 13 lots
Investment at ₹871 ₹1,92,491

Eligible employees are entitled to an employee discount of ₹80 per share, subject to the applicable terms of the issue.

The relatively moderate minimum investment makes the issue accessible to retail investors, while the overall issue size positions Dhoot Transmission among the larger mainboard IPOs.

Dhoot Transmission Company Overview

Dhoot Transmission Limited was founded by Rahul Dhoot and operates as an automotive component manufacturer focused on auto-electrical and electronic systems.

The company functions as a Tier-1 supplier to automotive manufacturers. This means its products are integrated directly into vehicles manufactured by major original equipment manufacturers, or OEMs.

Its product portfolio includes wiring harnesses, electronic control units, automotive sensors, custom battery packs, power distribution systems and switches.

The company's importance within the automotive supply chain comes from the increasing electrical and electronic content in modern vehicles. Even conventional internal combustion engine vehicles require extensive electrical wiring and control systems, while electric vehicles require additional electronic components, battery-related systems and specialised wiring architecture.

This gives Dhoot Transmission exposure to both the existing automotive ecosystem and the longer-term shift towards vehicle electrification.

Dhoot Transmission Business Model

Dhoot Transmission operates primarily as a business-to-business automotive component supplier. Its customers include large vehicle manufacturers that require components to be produced according to specific technical, quality and delivery requirements.

The business model can broadly be understood through three elements.

1. Automotive Component Manufacturing

The company manufactures electrical and electronic components used in vehicles. Wiring harnesses form an important part of its product portfolio and are critical to the transmission of electrical power and signals throughout a vehicle.

As vehicle architecture becomes more electronically sophisticated, the importance of reliable wiring and control systems increases.

2. Long-Term OEM Relationships

DTL supplies major automotive companies including Bajaj Auto, TVS Motor Company, Honda Motorcycle & Scooter India and Royal Enfield.

Relationships with established OEMs can provide recurring business opportunities because component suppliers that meet technical, quality and delivery requirements can become integrated into customers' supply chains.

However, OEM relationships also create concentration risk, particularly when a meaningful portion of revenue comes from a relatively small number of large customers.

3. Expansion into Electrical and EV Components

The company's portfolio extends beyond conventional wiring harnesses into electronic control units, sensors, battery packs and other electrical systems.

This allows Dhoot Transmission to participate in the increasing electrification and electronic integration of vehicles rather than depending solely on traditional mechanical automotive components.

Dhoot Transmission Product Portfolio

Dhoot Transmission manufactures a range of electrical and electronic products used across automotive applications.

1. Wiring Harnesses

Wiring harnesses connect electrical and electronic systems throughout a vehicle. They are fundamental components in two-wheelers, three-wheelers and other automotive applications.

DTL has an estimated 41% market share in India's two-wheeler and three-wheeler wiring harness market. This is one of the company's most important competitive advantages.

2. Electronic Control Units

Electronic control units, or ECUs, manage different vehicle functions through electronic control systems. The increasing use of electronics in vehicles creates opportunities for suppliers with established capabilities in this area.

3. Automotive Sensors

Sensors provide information required by vehicle control systems. As vehicles become increasingly connected and electronically controlled, sensor content can become an important part of automotive component demand.

4. Custom Battery Packs

Battery-related products are particularly relevant to the transition towards electric mobility. DTL's capabilities in custom battery packs provide exposure to the growing demand for electrified vehicle components.

5. Power Distribution Systems and Switches

Power distribution and switching components are essential for managing electrical energy and signals within vehicles.

Together, these products give Dhoot Transmission a broader exposure to automotive electrification than a company focused exclusively on conventional wiring products.

Dhoot Transmission Market Position and Competitive Strength

One of the strongest elements of the Dhoot Transmission IPO is the company's position in India's two-wheeler and three-wheeler wiring harness market.

DTL commands an estimated 41% market share in this segment. A significant market share can provide advantages in terms of manufacturing scale, customer relationships, technical experience and supplier integration.

The wiring harness business can also have relatively high barriers to entry because automotive OEMs require suppliers to meet strict quality, reliability, cost and delivery standards.

Once a component supplier becomes an established part of an OEM's supply chain, replacing it may require validation, testing and production qualification. This can support customer relationships over time.

However, market share alone does not eliminate competitive pressure. Automotive component suppliers remain exposed to pricing negotiations, technology changes, customer concentration and fluctuations in vehicle production volumes.

Dhoot Transmission's OEM Customer Base

DTL's customer base includes some of India's prominent two-wheeler and automotive manufacturers.

Key customers include:

  • Bajaj Auto

  • TVS Motor Company

  • Honda Motorcycle & Scooter India

  • Royal Enfield

These relationships provide access to large vehicle platforms and production programmes.

For investors, the quality of the customer base is an important positive factor because major OEMs have substantial production volumes and established distribution networks.

At the same time, customer concentration needs to be considered carefully. Dependence on a small number of large OEM customers means a reduction in production volumes, loss of a major programme or deterioration in commercial terms could materially affect DTL's revenue and profitability.

Dhoot Transmission and the Electric Vehicle Opportunity

The transition towards electric mobility is changing the automotive component industry.

Electric vehicles require different electrical architectures compared with traditional internal combustion engine vehicles. Battery systems, battery management, high-voltage wiring, electronic control systems and other electrical components become increasingly important.

Dhoot Transmission already manufactures EV-ready wiring kits and battery management-related components. This positions the company to participate in India's increasing adoption of electric two-wheelers, three-wheelers and other electric vehicles.

The EV opportunity should nevertheless be viewed as a long-term growth avenue rather than an automatic guarantee of higher profitability. The company will need to continue investing in technology, manufacturing capacity and product development as automotive architectures evolve.

Dhoot Transmission IPO Financial Performance

The financial performance is one of the most important parts of the Dhoot Transmission IPO Analysis.

DTL recorded strong growth in total income between FY2024 and FY2026. Total income increased from ₹2,799.32 crore in FY2024 to ₹3,472.24 crore in FY2025 and further to ₹4,563.70 crore in FY2026.

EBITDA also increased from ₹512.40 crore to ₹590.96 crore and then ₹710.99 crore during the same period.

However, margins declined during the period, meaning profit growth did not keep pace with the increase in revenue.

Dhoot Transmission Financial Performance: FY2024 and FY2025

Financial Metric FY2024 FY2025
Total Income ₹2,799.32 Cr ₹3,472.24 Cr
EBITDA ₹512.40 Cr ₹590.96 Cr
EBITDA Margin 18.31% 17.15%
PAT ₹298.75 Cr ₹353.89 Cr
PAT Margin 10.67% 10.19%
Diluted EPS ₹20.83 ₹24.31
RoNW 40.32% 36.18%

Dhoot Transmission FY2026 Financial Performance

FY2026 marked another year of strong revenue and absolute profit growth for Dhoot Transmission. Total income increased to ₹4,563.70 crore, while EBITDA reached ₹710.99 crore and PAT stood at ₹396.84 crore.

Financial Metric FY2026
Total Income ₹4,563.70 Cr
EBITDA ₹710.99 Cr
EBITDA Margin 15.71%
PAT ₹396.84 Cr
PAT Margin 8.70%
Diluted EPS ₹24.40
RoNW 16.55%

The financial performance can be assessed more closely through the company's revenue growth and profitability trends. These provide a clearer view of how quickly DTL has expanded and how effectively that growth has translated into earnings.

Dhoot Transmission Revenue Growth

DTL's total income increased by more than ₹1,764 crore between FY2024 and FY2026.

Revenue rose from ₹2,799.32 crore in FY2024 to ₹4,563.70 crore in FY2026. This translates into a multi-year CAGR of more than 27%.

The growth indicates that the company has been able to expand its business meaningfully over the period.

The FY2025 to FY2026 increase was particularly strong, with total income rising from ₹3,472.24 crore to ₹4,563.70 crore.

For investors, this top-line trajectory provides evidence of the company's ability to grow its scale. The more important question going forward is whether DTL can convert this revenue growth into sustainable earnings without continued margin pressure.

Dhoot Transmission Profit Growth

Profit after tax increased from ₹298.75 crore in FY2024 to ₹353.89 crore in FY2025 and ₹396.84 crore in FY2026.

This represents consistent growth in absolute profit across the three-year period.

However, the rate of PAT growth has been slower than revenue growth. This is reflected in the decline in PAT margin from 10.67% in FY2024 to 8.70% in FY2026.

The difference between revenue growth and profit growth is important for the Dhoot Transmission IPO Review. A company can grow rapidly in terms of sales while creating less incremental profit if input costs, employee expenses, manufacturing overheads or other operating costs rise faster than revenue.

Dhoot Transmission Profitability and Return Ratios

Dhoot Transmission's profitability remained positive during FY2024 to FY2026, with EBITDA and profit after tax increasing in absolute terms. However, operating margins, PAT margins and Return on Net Worth declined during the period. These trends are important for understanding the quality of the company's earnings growth and its financial performance ahead of the IPO.

Dhoot Transmission EBITDA and Margin Trends

EBITDA increased from ₹512.40 crore in FY2024 to ₹590.96 crore in FY2025 and further to ₹710.99 crore in FY2026. This reflects continued growth in operating profit as the company's revenue expanded.

However, EBITDA margin declined from 18.31% in FY2024 to 17.15% in FY2025 and 15.71% in FY2026. This indicates that EBITDA grew in absolute terms, but at a slower pace than revenue.

The margin compression suggests that rising raw material costs and expansion-related overheads have affected operating profitability. For an automotive component manufacturer, input costs are particularly important because materials such as copper and specialised polymers can represent a meaningful portion of production costs.

Going forward, Dhoot Transmission's ability to pass higher input costs to OEM customers, improve manufacturing efficiency and benefit from economies of scale will be important for protecting and potentially improving operating margins.

Dhoot Transmission PAT Margin

PAT increased from ₹298.75 crore in FY2024 to ₹353.89 crore in FY2025 and ₹396.84 crore in FY2026. However, PAT margin declined from 10.67% to 10.19% and then 8.70% during the same period.

Although Dhoot Transmission remained profitable and continued to increase its absolute profit, the declining PAT margin indicates that the company generated less net profit from each rupee of revenue in FY2026 compared with FY2024.

This remains an important metric for investors to monitor after listing. If revenue growth continues while margins stabilise or recover, earnings growth could strengthen. On the other hand, continued margin compression could limit the impact of higher sales on overall profitability.

Dhoot Transmission Return on Net Worth

Return on Net Worth, or RoNW, declined from 40.32% in FY2024 to 36.18% in FY2025 and 16.55% in FY2026.

The decline is significant, although the provided financial data indicates that the FY2026 reduction was primarily associated with equity expansion and the build-up of reserves ahead of the public issue.

RoNW should therefore not be assessed in isolation. A larger equity base can reduce return ratios even when the underlying business continues to grow.

For investors evaluating the Dhoot Transmission IPO, future RoNW should be considered alongside earnings growth, capital utilisation, profitability trends and the impact of the IPO proceeds on the company's balance sheet.

Dhoot Transmission IPO Valuation

The Dhoot Transmission IPO Valuation should be assessed using the upper price band of ₹871 per share alongside the company's FY2026 earnings and diluted EPS of ₹24.40.

Based on these figures, the implied price-to-earnings multiple at the upper end of the price band is approximately 35.7 times FY2026 diluted EPS.

This provides a useful starting point for understanding the valuation investors are being asked to pay.

The valuation needs to be considered alongside several factors:

  • More than 27% revenue CAGR between FY2024 and FY2026.

  • Strong absolute EBITDA and PAT growth.

  • 41% estimated market share in India's two-wheeler and three-wheeler wiring harness market.

  • Established relationships with major OEMs.

  • Exposure to both conventional automotive demand and EV-related components.

  • Declining EBITDA and PAT margins.

  • Customer concentration.

  • Planned debt reduction using fresh IPO proceeds.

The valuation therefore reflects a growth-oriented automotive component story, but investors should also account for the fact that the company's recent earnings have experienced margin compression.

Use of Dhoot Transmission IPO Proceeds

The ₹1,400 crore fresh issue is an important part of the Dhoot Transmission IPO because the funds raised through the fresh issue will be available to the company for specified corporate purposes. Unlike the offer for sale, where proceeds go to selling shareholders, the fresh issue can directly support Dhoot Transmission's balance sheet, expansion plans and future growth initiatives.

A substantial portion of the fresh proceeds is planned for debt repayment, while another portion will be used to expand manufacturing capacity. The remaining amount may be used for potential strategic acquisitions and general corporate purposes.

Proposed Use Amount / Purpose
Debt repayment Approximately ₹767 crore towards reducing consolidated debt
Capital expenditure Approximately ₹150 crore for new manufacturing facilities in Haryana and Tamil Nadu
Inorganic growth and corporate purposes Remaining proceeds for potential acquisitions and general corporate requirements

The planned allocation shows that the IPO proceeds are intended to strengthen Dhoot Transmission's financial position while supporting capacity expansion and potential future growth.

The three key areas of this allocation are debt reduction, manufacturing expansion and potential inorganic growth, each of which has a different impact on the company's future plans.

Dhoot Transmission Debt Reduction Strategy

Approximately ₹767 crore from the fresh issue is expected to be used for debt prepayment or repayment, making debt reduction the largest identified use of the IPO proceeds.

Reducing debt can provide several potential benefits. Lower borrowings can reduce interest expenses, while a lower debt burden can strengthen the company's balance sheet and reduce financial leverage. If interest costs decline meaningfully, the resulting savings could support future net profit and profitability margins.

The actual financial benefit will depend on factors such as the company's existing borrowing costs, the amount of debt repaid and its future financing requirements. Debt repayment should therefore be viewed as a potential balance-sheet and earnings improvement factor rather than an immediate guarantee of higher profitability.

Dhoot Transmission Manufacturing Expansion

Around ₹150 crore is earmarked for capital expenditure related to new manufacturing facilities in Haryana and Tamil Nadu.

These locations are relevant to India's automotive manufacturing ecosystem and could help Dhoot Transmission increase its production capacity and serve growing demand from OEM customers.

Additional manufacturing capacity could also support the company's expansion into new programmes and products. However, capacity expansion involves execution risks, as the new facilities will require investment in equipment, labour, technology and operations, along with adequate customer demand and utilisation.

The eventual return on this investment will depend on how quickly the new capacity becomes commercially productive and contributes to revenue and profitability.

Dhoot Transmission Inorganic Growth Plans

The remaining IPO proceeds may be used for potential strategic acquisitions and general corporate purposes.

Inorganic expansion could allow Dhoot Transmission to add new technologies, products, customers or manufacturing capabilities more quickly than through organic expansion alone. This could complement the company's existing automotive component business and potentially broaden its addressable market.

At the same time, acquisitions involve integration and capital allocation risks. The outcome will depend on the quality of acquisition targets, purchase valuations, integration execution and the company's ability to generate adequate returns from the acquired businesses.

Dhoot Transmission Growth Opportunities

Dhoot Transmission has several potential growth drivers across the automotive, electric mobility and automotive electronics segments. These opportunities could support the company's revenue growth and product expansion over the longer term.

1. Growth in India's Automotive Industry

Dhoot Transmission is directly linked to vehicle production volumes, particularly in two-wheelers and three-wheelers.

Continued growth in India's automotive market can support demand for wiring harnesses and electronic components.

2. Increasing Vehicle Electrification

The shift towards electric mobility increases the importance of electrical and electronic components.

DTL's EV-ready wiring kits and battery-related capabilities provide an opportunity to participate in this transition.

3. Higher Electronic Content in Vehicles

Modern vehicles increasingly use sensors, electronic control units, power management systems and other electronic components.

As electronic content rises, suppliers with established capabilities can potentially expand their product portfolios and value per vehicle.

4. Manufacturing Capacity Expansion

New facilities in Haryana and Tamil Nadu can increase production capacity and improve DTL's ability to serve customers in key automotive manufacturing regions.

5. Product Diversification

Expansion beyond wiring harnesses into ECUs, sensors, battery packs and power distribution systems can reduce dependence on a single product category over the longer term.

6. Potential Inorganic Expansion

Strategic acquisitions could provide access to new technologies, customers or product segments and potentially accelerate DTL's expansion.

Key Strengths of Dhoot Transmission IPO

Dhoot Transmission's investment case is supported by its market position, established OEM relationships, financial growth and exposure to the evolving automotive and EV ecosystem. The key strengths that stand out in the IPO are:

1. Strong Market Position

DTL's estimated 41% market share in India's two-wheeler and three-wheeler wiring harness market provides a significant competitive position.

2. Established OEM Relationships

The company supplies major customers including Bajaj Auto, TVS Motor Company, Honda Motorcycle & Scooter India and Royal Enfield.

These relationships provide access to established automotive production programmes.

3. Strong Revenue Growth

Total income increased from ₹2,799.32 crore in FY2024 to ₹4,563.70 crore in FY2026, representing a multi-year CAGR of more than 27%.

4. Growing Absolute Profitability

PAT increased from ₹298.75 crore to ₹396.84 crore during the same period, while EBITDA increased from ₹512.40 crore to ₹710.99 crore.

5. Debt Reduction Through IPO

The planned use of approximately ₹767 crore towards debt repayment can strengthen the balance sheet and potentially reduce interest costs.

6. EV Exposure

DTL's EV-ready wiring and battery-related products provide exposure to the long-term electrification of India's automotive sector.

7. Bain Capital Backing

The company's backing by Bain Capital adds an institutional investor with significant experience in scaling businesses and corporate governance.

Dhoot Transmission IPO Risks

While Dhoot Transmission has several strengths, investors also need to consider the risks that could affect its revenue growth, profitability and future performance. The key risks associated with the Dhoot Transmission IPO include:

1. Customer Concentration Risk

A substantial proportion of business is linked to major OEM customers.

While these relationships are a strength, they also create concentration risk. If a major customer reduces production volumes, changes suppliers or negotiates lower prices, DTL's revenue and profitability could be affected.

2. Raw Material Price Risk

Copper and specialised polymers are important inputs for the company's products.

Changes in commodity prices can affect production costs. If the company cannot pass higher input costs to customers quickly enough, operating margins could come under pressure.

The historical decline in EBITDA margin makes this risk particularly relevant.

3. Automotive Industry Cyclicality

Dhoot Transmission's performance is connected to vehicle production and sales.

A slowdown in two-wheeler, three-wheeler or broader automotive demand could reduce orders and capacity utilisation.

4. Margin Compression

Although revenue, EBITDA and PAT have increased, EBITDA margin declined from 18.31% in FY2024 to 15.71% in FY2026, while PAT margin fell from 10.67% to 8.70%.

Continued margin pressure could reduce the impact of future revenue growth on earnings.

5. Expansion Execution Risk

The planned manufacturing expansion requires successful execution and adequate utilisation of new facilities.

Delays, cost overruns or slower-than-expected demand could affect returns on invested capital.

6. EV Transition Risk

While EV adoption provides a growth opportunity, it also requires continuous investment in technology and product development. Automotive electrical architectures can change quickly, requiring suppliers to remain competitive in terms of technology, cost and quality.

7. Acquisition and Capital Allocation Risk

Potential acquisitions can create growth opportunities, but they also carry risks relating to valuation, integration and execution.

Dhoot Transmission IPO Investment Outlook

Dhoot Transmission offers exposure to an established automotive component business with a meaningful position in the two-wheeler and three-wheeler wiring harness market.

The investment case is supported by four broad factors: strong historical revenue growth, established OEM relationships, increasing vehicle electrification and planned debt reduction.

At the same time, the investment case is not without challenges. Margin compression, customer concentration, raw material volatility and automotive cyclicality remain important risks.

The company's ability to improve profitability while continuing to grow revenue will be a key factor in determining how successfully it can convert its scale and market position into shareholder value.

Investors evaluating the Dhoot Transmission IPO 2026 should therefore consider the issue not only on its market position and growth prospects, but also on the IPO valuation, post-issue capital structure, margin trajectory and execution of planned expansion.

Dhoot Transmission IPO: Key Takeaways for Investors

The most important points from the Dhoot Transmission IPO Analysis are:

  • Dhoot Transmission is launching a ₹3,066.89 crore mainboard IPO.

  • The IPO comprises a ₹1,400 crore fresh issue and ₹1,666.89 crore OFS.

  • The Dhoot Transmission IPO Date is 10 August 2026 to 12 August 2026.

  • The Dhoot Transmission IPO Price Band is ₹829 to ₹871 per share.

  • The minimum retail application at the upper price band is ₹14,807 for 17 shares.

  • The company has an estimated 41% market share in India's two-wheeler and three-wheeler wiring harness market.

  • Key customers include Bajaj Auto, TVS Motor Company, Honda Motorcycle & Scooter India and Royal Enfield.

  • Total income increased from ₹2,799.32 crore in FY2024 to ₹4,563.70 crore in FY2026.

  • EBITDA increased from ₹512.40 crore to ₹710.99 crore during the same period.

  • PAT increased from ₹298.75 crore to ₹396.84 crore.

  • EBITDA and PAT margins declined over the three-year period.

  • Approximately ₹767 crore of fresh IPO proceeds are planned for debt repayment.

  • Approximately ₹150 crore is earmarked for new manufacturing facilities in Haryana and Tamil Nadu.

  • DTL has exposure to both conventional automotive demand and EV-related components.

  • Customer concentration, raw material costs, automotive cyclicality and margin pressure remain key risks.

  • At the upper price band, the issue implies approximately 35.7 times FY2026 diluted EPS based on the provided financial data.

Want to compare Dhoot Transmission with other mainboard issues across sectors? Use the IPO dashboard to track recent offerings, issue sizes, price bands and listing trends for broader market benchmarking.

Frequently Asked Questions About Dhoot Transmission IPO

1. What is the Dhoot Transmission IPO?

The Dhoot Transmission IPO is a ₹3,066.89 crore mainboard public issue consisting of a ₹1,400 crore fresh issue and a ₹1,666.89 crore offer for sale.

2. What is the Dhoot Transmission IPO Date?

The Dhoot Transmission IPO Date is 10 August 2026 to 12 August 2026.

3. What is the Dhoot Transmission IPO Price?

The Dhoot Transmission IPO Price band is ₹829 to ₹871 per equity share.

4. What is the minimum investment in the Dhoot Transmission IPO?

At the upper price band of ₹871, one lot of 17 shares requires ₹14,807.

5. What is the tentative Dhoot Transmission IPO listing date?

The tentative listing date is 17 August 2026 on BSE and NSE.

6. What is Dhoot Transmission's market share?

Dhoot Transmission has an estimated 41% market share in India's two-wheeler and three-wheeler wiring harness market.

7. What are the major risks of the Dhoot Transmission IPO?

The key risks include customer concentration, raw material price volatility, automotive industry cyclicality, margin compression, manufacturing expansion execution and risks associated with potential acquisitions.

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