Dhoot Transmission IPO
Dhoot Transmission IPO closed on 12 Aug 2026. Allotment 13 Aug 2026, listing 17 Aug 2026. Price band ₹829–₹871, lot 17 shares, GMP +₹262 (30.08%). Track allotment on Allotly.
| Status | Closed |
|---|---|
| Category | Mainboard · NSE & BSE |
| Price band | ₹829–₹871 |
| Lot size | 17 shares |
| Minimum investment | ₹14,807 |
| Issue size | ₹3066.89 Cr |
| GMP | +₹262 (30.08%) |
| Open date | 10 Aug 2026 |
| Close date | 12 Aug 2026 |
| Allotment date | 13 Aug 2026 |
| Listing date | 17 Aug 2026 |
| Registrar | KARVY |
About Dhoot Transmission
Dhoot Transmission Limited designs, develops, and manufactures electrical and electromechanical components. The company’s core business activity is the production of wiring harnesses, cables, connectors, and power cords. Revenue is primarily generated from the sale of these products through contracts with customers. The company operates as a supplier to the automotive industry, serving original equipment manufacturers (OEMs) as well as tier 1 and tier 2 component manufacturers. Its key focus is on the two-wheeler and three-wheeler vehicle segments, which include both internal combustion engine (ICE) and electric vehicle (EV) models. A significant portion of its business comes from major OEMs, including Bajaj Auto, TVS Motor Company, and Honda Motorcycle and Scooter India, supplying both domestic and export markets.
Strengths
- The company holds an established leadership position in India with scaled operations in two-wheeler and three-wheeler wiring harnesses.
- Operations are positioned to capitalize on key industry trends by leveraging differentiated capabilities.
- The company maintains a strong business foundation anchored by a marquee customer base and a diversified business mix.
- Strong financial performance has been demonstrated through consistent revenue and profit after tax growth.
- The business is supported by an extensive and critical product portfolio that includes newly acquired electronics capabilities.
Risks
- The top ten customers contributed over 80 percent of the total revenue in the most recent fiscal year.
- Approximately 78 percent of revenue is heavily concentrated within the two-wheeler and three-wheeler automotive sectors.
- Contracts with original equipment manufacturers are strictly requirement-based and lack long-term volume commitments.
- Profit margins have experienced compression due to rising raw material costs.
- The loss of any major key customer could severely impact the financial health and daily operations of the business.