Dhoot Transmission IPO
Capital Goods - Electrical Equipment • ₹3066.89 Cr
Medium risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- The company derives a significant portion of its revenue from the 2W and 3W automotive sec…
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹871
Lot Size
17 shares
Issue Size
₹3066.89 Cr
Open
10 Aug 2026
Close
12 Aug 2026
Subscription
74.1×
IPO Schedule
| Issue Open Date | 10 Aug 2026 |
| Issue Close Date | 12 Aug 2026 |
| Allotment Date | 13 Aug 2026 |
| Listing Date | 16 Aug 2026 |
About Dhoot Transmission
Dhoot Transmission Limited is an electrical and electronics company that designs, engineers, manufactures, and supplies components for automotive and non-automotive applications. Its product portfolio includes wiring harnesses and electrical distribution systems for internal combustion engine, and electric vehicles, along with battery packs, automotive switches, sensors, electronic controllers, and power supply cords. Its wiring harnesses integrate components such as electronic sensors and controllers, switches, terminals, connectors, junction boxes, high-voltage interconnection systems, and data cables. The company serves two-wheelers, three-wheelers, commercial vehicles, off-highway vehicles, and farming and industrial equipment. As of the date of the Red Herring Prospectus, the company had 23 operational manufacturing units across India and outside India, along with two manufacturing plants under construction in India. As of March 31, 2026, it also had three engineering and design support centres and seven warehouses across India and international locations. The company also undertakes product design and development, prototyping, tooling, manufacturing, and final assembly.
Company Details
Founders / Promoters
Mr Rahul R. Dhoot
Founded
1998
Registrar
KARVY
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Dhoot Transmission — IPOFins Verdict
QuantitativeDriven by QIB demand at 212.9x and moderate disclosed risk (5/10), Dhoot Transmission listed at a premium of 37.8% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
- Strong position in 2W and 3W wiring harnesses: The company is among the top two wiring harness manufacturers for two-wheelers and three-wheelers in India. In Fiscal 2026, it had a 37.58% market share
- Growing exposure to electric vehicles: The company’s revenue from EV-related products increased from 16.19% of revenue from operations in FY24 to 24.18% in FY26. Its products cover both ICE and EV pla
- Diversified customer and end-market base: The company supplies to OEMs across 2W, 3W, commercial vehicles, off-highway vehicles, and farming and industrial equipment. Its top five customers had an ave
- The company claims to have in-house capabilities covering product design, simulation, prototyping, tooling, manufacturing, and final assembly. It also claims to undertake backward integration of criti
- As of the date of the Red Herring Prospectus, the company had 23 operational manufacturing units across India and outside India and two plants under construction in India. As of March 31, 2026, it had
Score breakdown — what drove this verdict
Moderate risk from DRHP → score +0.0
Institutional subscription → score +2.0
Strong retail interest → score +0.5
Actual listing outcome → score +1.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹871
Listing Price
₹1200
Listing Gain/Loss
+37.77%
Listing Date
16 Aug 2026
Price Since Listing
Returns are measured against the ₹871 issue price.
Listing
₹1,200
+37.8%
1 Week
₹1,478.95
+69.8%
Current
₹1,728.7
+98.5%
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FAQ
What is the price band of Dhoot Transmission IPO?
The price band is ₹871 per share with a lot size of 17 shares. Minimum investment: ₹14,807.
What does Dhoot Transmission do?
Dhoot Transmission Limited is an electrical and electronics company that designs, engineers, manufactures, and supplies components for automotive and non-automotive applications. Its product portfolio includes wiring harnesses and electrical distribution systems for internal combustion engine, and electric vehicles, along with battery packs, automotive switches, sensors, electronic controllers, and power supply cords. Its wiring harnesses integrate components such as electronic sensors and controllers, switches, terminals, connectors, junction boxes, high-voltage interconnection systems, and data cables. The company serves two-wheelers, three-wheelers, commercial vehicles, off-highway vehicles, and farming and industrial equipment. As of the date of the Red Herring Prospectus, the company had 23 operational manufacturing units across India and outside India, along with two manufacturing plants under construction in India. As of March 31, 2026, it also had three engineering and design support centres and seven warehouses across India and international locations. The company also undertakes product design and development, prototyping, tooling, manufacturing, and final assembly.
Should I apply for Dhoot Transmission IPO?
Dhoot Transmission listed at ₹1200 (+37.8% premium to the ₹871 issue price) after 74.1x subscription. IPOFins Score 9/10: Driven by QIB demand at 212.9x and moderate disclosed risk (5/10), Dhoot Transmission listed at a premium of 37.8% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
Who founded Dhoot Transmission?
Dhoot Transmission was founded by Mr Rahul R. Dhoot in 1998.