Dhoot Transmission IPO
Dhoot Transmission IPO Listing Day Performance
Dhoot Transmission listed on BSE & NSE on 17 August 2026 at ₹1,200.00, a 37.77% premium over the issue price of ₹871. A retail investor allotted one lot of 17 shares gained ₹5,593 at the listing price.
GMP vs actual listing
| Last GMP before listing | ₹264 (+30.3%) |
| GMP-implied listing | ₹1,135 |
| Actual listing | ₹1,200.00 |
| Difference | +₹65 (+5.7%) |
Demand going into listing
| Subscribed overall | 74.2× |
| QIB | 212.92× |
| NII | 51.93× |
| Retail | 8.1× |
Market Sentiment
The overall score is a weighted average of the parts below, so one weak part can sit inside a strong overall reading.
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.06x | 0.50x | 212.92x |
| NII | 1.09x | 10.62x | 51.93x |
| bNII > ₹10L | 0.84x | 10.38x | 58.07x |
| sNII 2-10L | 1.58x | 11.12x | 39.63x |
| Retail | 0.74x | 2.97x | 8.10x |
| Employee | 1.30x | 3.47x | 8.12x |
| Total | 0.63x | 3.94x | 74.20x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 2,799.32 | 3,472.24 | 4,563.70 |
| Expense | 2,411.18 | 3,014.64 | 4,027.75 |
| Profit (PAT) | 298.75 | 353.89 | 396.84 |
| Total Assets | 1,711.70 | 2,336.23 | 4,114.83 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Dhoot Transmission This IPO | 24.40 | - | 16.55 | 149.74 | - |
| Minda Corporation Limited | 15.31 | 46.49 | 13.63 | 110.58 | 6,185.34 Cr |
| Uno Minda Limited | 20.78 | 56.87 | 17.53 | 118.38 | 19,657.59 Cr |
| Motherson Sumi Wiring India Limited | 0.94 | 43.24 | 28.92 | 3.26 | 11,477.58 Cr |
| Sona BLW Precision Forgings Limited | 10.30 | 74.64 | 10.70 | 96.23 | 4,475.15 Cr |
Strengths & Risks
- Heavily oversubscribed — 74.2x overall (so far).
- Strong institutional (QIB) demand — 212.9x.
- Revenue grew 31% in the latest reported year.
- Solid profit margin — 8.7%.
- Strong return on equity — 16%.
Our data checks haven't flagged a specific concern for Dhoot Transmission — but that isn't a clean bill of health. Read the risk-factors section of the RHP, which lists company-specific risks our data can't capture.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About Dhoot Transmission
Incorporated in April 1998, Dhoot Transmission Limited is one of India’s leading electrical and electronics (E&E) companies. It designs, manufactures, and supplies wiring harnesses and electrical distribution systems for automotive and non-automotive applications. The company’s product range includes wiring harnesses, battery packs, sensors, electronic controllers, automotive switches, terminals, connectors, and power supply cords, serving both internal combustion engine (ICE) and electric vehicle (EV) platforms. Dhoot Transmission is one of the top two players in India’s two-wheeler (2W) and three-wheeler (3W) wiring harness market, holding a 41% market share. It is also the market leader in the electric 2W and 3W segment, with an approximately 70% market share in Fiscal 2026.
Company Contact Information
Dhoot Transmission Ltd., Gut No 312, Nanekarwadi, Chakan Tq Khed, Dist Pune, NA, Chakan, Pune, Maharashtra, 410501
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Repayment/prepayment, in full or in part, of all or certain outstanding borrowings availed by the Company | 464.80 |
| Investment in certain of our Subsidiaries, namely, Dhoot Autocomponents Private Limited, Dhoot Electricals Systems Private Limited, Dhoot Automotive Systems Private Limited and Dhoot Transmission UK Limited, for repayment/prepayment, in full or part, of all or certain of the outstanding borrowings availed by these Subsidiaries. | 301.77 |
| Setting up of a new wiring harness manufacturing plant of the Company at (i) Sector 11, Jhajjar, Haryana, India; and (ii) Shoolagiri, Hosur, Tamil Nadu, India | 150.00 |
| Funding inorganic growth through unidentified acquisitions and general corporate purposes(1) | - |
Resources & Documents
Anchor Investors
Dhoot Transmission IPO - Quick Take
Dhoot Transmission has set a price band of Rs 829–Rs 871 per share for an issue size of Rs 3,067 crore. The stock listed with a 37.77% gain versus its issue price on August 17, 2026.
The issue is promoted by BC Asia Investments XV Ltd. and Rahul Radhavallabh Dhoot with Axis Capital Ltd., Jefferies India Pvt. Ltd., Kotak Mahindra Capital Co. Ltd., Nomura Financial Advisory & Securities (India) Pvt. Ltd., SBI Capital Markets Ltd., 360 One WAM Ltd. acting as lead manager. Net proceeds will primarily be used towards repayment/prepayment, in full or in part, of all or certain outstanding borrowings availed by the Company (Rs 465 crore) and investment in certain of our Subsidiaries, namely, Dhoot Autocomponents Private Limited, Dhoot Electricals Systems Priva… (Rs 302 crore).
On fundamentals, the company is posting revenue growth of 31.4%, a profit margin of 8.7%, return on equity of 16.3% in its most recent reported period. Listed peers in this segment include Minda Corporation Limited (P/E 46.49x) and Uno Minda Limited (P/E 56.87x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read very strong — GMP, subscription demand and fundamentals are all reading positively. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
Dhoot Transmission IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 30.3%. Of the 25 Mainboard IPOs we have tracked with a final GMP of 25% or more, 25 listed above, 0 flat and 0 below the issue price; Dhoot Transmission listed 37.8% above its issue price.
See the full Dhoot Transmission GMP history and trend, or learn how grey market premium works and how reliable it is.
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