Dhoot Transmission IPO
Dhoot Transmission IPO Details
-
Open Date
TBA
-
Close Date
TBA
- IPO Price Range
TBA
- IPO Size
TBA
Dhoot Transmission IPO Timeline
Last Updated: 19 June 2026 3:17 PM by krishika_vyas
Dhoot Transmission Limited is one of India’s leading electrical and electronics companies. The company designs, engineers, manufactures and supplies wiring harnesses, battery packs, sensors and electronic controllers, and automotive switches. The company serves both automotive and non-automotive applications across two-wheelers, three-wheelers, commercial vehicles, off-highway vehicles, industrial equipment, gas boilers and medical equipment. Dhoot Transmission is among the top two players in India’s two-wheeler and three-wheeler wiring harness market, with a 44.64% market share by value in FY25, as per the CRISIL Report. It is also a leader in electric two-wheeler and three-wheeler wiring harnesses, with more than 70% market share in FY25.
The company operates 22 manufacturing facilities across India and international locations, including the United Kingdom, Slovakia and Thailand. Its customer base includes Bajaj Auto Limited, TVS Motor Company Limited, Honda Motorcycle and Scooter India Private Limited and Royal Enfield.
Established in: 1998
Managing Director: Rahul Radhavallabh Dhoot
Peers:
| Metric |
Dhoot Transmission Limited |
Minda Corporation Limited |
Uno Minda Limited |
Motherson Sumi Wiring India Limited |
|
Face Value |
2.00 |
2.00 |
2.00 |
1.00 |
|
Closing Price |
- |
538.00 |
1,178.05 |
42.50 |
|
Revenue from Operations |
3,444.86 |
5,056.20 |
16,774.61 |
9,271.60 |
|
EPS Basic |
24.31 |
10.85 |
16.42 |
0.91 |
|
EPS Diluted |
24.31 |
10.68 |
16.37 |
0.91 |
|
RONW (%) |
36.18 |
11.60 |
17.70 |
0.36 |
|
NAV |
68.25 |
92.11 |
99.75 |
2.56 |
|
P/E |
- |
50.37 |
71.96 |
46.70 |
Dhoot Transmission Objectives
1. Repayment / prepayment, in full or in part, of all or certain outstanding borrowings availed by the company: ₹493.99 crore
2. Investment in certain subsidiaries, namely Dhoot Autocomponents Private Limited, Dhoot Electricals Systems Private Limited, Dhoot Automotive Systems Private Limited and Dhoot Transmission UK Limited, for repayment / prepayment of their outstanding borrowings: ₹272.59 crore
3. Setting up of new wiring harness manufacturing plants at Sector 11, Jhajjar, Haryana and Shoolagiri, Hosur, Tamil Nadu: ₹150.00 crore
4. General corporate purposes
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 2,125.86 | 2,797.73 | 3,444.86 |
| EBITDA | 298.68 | 512.40 | 590.96 |
| PAT | 163.91 | 298.75 | 353.89 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 1,261.18 | 1,711.70 | 2,336.23 |
| Share Capital | 17.21 | 17.21 | 17.59 |
| Total Liabilities | 792.65 | 970.69 | 1,358.05 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | 236.00 | 241.09 | 320.21 |
| Net Cash Generated From / (used in) Investing Activities | (167.15) | (310.86) | (442.84) |
| Net Cash Generated From / (used in) Financing Activities | (56.51) | 63.43 | 137.98 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 12.34 | (6.35) | 15.35 |
Strengths
1. Top-two position in India’s two-wheeler and three-wheeler wiring harness market, with 44.64% market share by value in FY25
2. Leader in electric two-wheeler and three-wheeler wiring harnesses, with more than 70% market share in FY25
3. Customer base includes Bajaj Auto, TVS Motor Company, Honda Motorcycle and Scooter India, and Royal Enfield
4. EV revenue contributed 25.22% of revenue from operations in FY25
Weaknesses
1. Wiring harnesses contributed 78.00% of revenue from operations in FY25 and 77.15% for the nine months ended December 31, 2025
2. Top five customers contributed 71.18% of revenue from operations in FY25
3. Top ten customers contributed 81.81% of revenue from operations in FY25
4. Capital-intensive manufacturing operations require regular investment in capacity, tooling and working capital
Opportunities
1. India’s domestic wiring harness market is projected to grow at 13-15% CAGR from ₹65.26 billion in FY25 to ₹140-147 billion by FY31
2. Electric vehicle adoption can increase wiring harness content per vehicle
3. New manufacturing plants at Jhajjar and Shoolagiri can support capacity expansion
4. International facilities can support exports and customer proximity in overseas markets
Threats
1. Slowdown in the automotive sector can affect demand for wiring harnesses and related components
2. Competition from domestic and international wiring harness manufacturers can affect pricing
3. Volatility in raw material prices, especially copper and PVC, can affect margins
4. Rapid changes in EV architecture and automotive electronics may require continuous product development
1. Top-two player in India’s two-wheeler and three-wheeler wiring harness market with 44.64% market share by value in FY25
2. Leader in electric two-wheeler and three-wheeler wiring harnesses with more than 70% market share in FY25
3. Revenue from operations increased from ₹2,125.86 crore in FY23 to ₹3,444.86 crore in FY25
4. PAT increased from ₹163.91 crore in FY23 to ₹353.89 crore in FY25
India’s automotive sector is expected to remain a key demand driver for wiring harnesses and automotive electrical systems. Wiring harnesses are becoming more complex due to electrification, connected vehicle features, safety electronics and higher electronic content in vehicles.
The global wire harness market was valued at US$91.3 billion in CY2024 and is projected to grow at around 7.0% CAGR to reach US$136.8 billion by CY2030. India’s domestic wiring harness market is projected to grow at 13-15% CAGR from ₹65.26 billion in FY25 to ₹140-147 billion by FY31.
Dhoot Transmission’s presence in two-wheeler and three-wheeler wiring harnesses, EV-linked product portfolio, manufacturing network and OEM relationships position the company within this industry opportunity.
- Companies
- Type
- Opening On
-
Horizon Industrial Parks
- Mainboard
- 17th Aug
- Pre-Book
-
Lalithaa Jewellery Mart
- Mainboard
- 17th Aug
- Pre-Book
Open Free Demat Account
Be a part of 5paisa community - The first listed discount broker of India.
By proceeding, you agree to all T&C*
FAQs
The official opening and closing dates for Dhoot Transmission IPO have not been announced yet.
Dhoot Transmission IPO comprises a Fresh Issue of ₹1,400 crore and an Offer For Sale of up to 1,63,10,733 Equity Shares of face value ₹2 each. The total IPO size will be confirmed upon pricing.
The price band for Dhoot Transmission IPO is yet to be finalised. Once the company files its Red Herring Prospectus and receives regulatory clearance, this page will be updated with confirmed details.
Once the Dhoot Transmission IPO is officially open, one can simply follow the process to apply for the IPO:
To apply for Dhoot Transmission IPO, follow the steps given below:
1. Login to your 5paisa account and select the issue in the current IPO section
2. Enter the number of lots and the price at which you wish to apply for the Dhoot Transmission IPO
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
4. You will receive a mandate notification to block funds in your UPI app
The official lot size and minimum investment required for Dhoot Transmission IPO have not been announced yet. Stay tuned to this page for confirmation.
The allotment date has not been announced yet.
The listing date for Dhoot Transmission IPO will be known after the issue closes and allotments are finalised.
Axis Capital Limited, Jefferies India Private Limited is the book running lead managers for Dhoot Transmission IPO.
Dhoot Transmission IPO plans to utilise the raised capital from the IPO for:
1. Repayment / prepayment of outstanding borrowings availed by the company: ₹493.99 crore
2. Investment in certain subsidiaries for repayment / prepayment of borrowings: ₹272.59 crore
3. Setting up new wiring harness manufacturing plants at Jhajjar, Haryana and Shoolagiri, Hosur, Tamil Nadu: ₹150.00 crore
4. Funding inorganic growth through unidentified acquisitions and general corporate purposes