NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Anand Rathi Report
Here are the 10 things to know before investing
1. IPO Dates
The Dhoot Transmission IPO will open for subscription on August 10, 2026, and close on August 12, 2026. The shares will be listed on both the National Stock Exchange and the BSE on Aug. 17.
2. IPO Size
Dhoot Transmission is a mainboard IPO that will raise Rs 3,067 crore comprising of fresh Issue of Rs 1,400 crore and Offer for Sale (OFS) worth Rs 1,667 crore (1.91 crore shares by existing sellers).
3. Price Band
The company has fixed a price band in the range of Rs 829-871 per equity share, with a face value of Rs 2 each.
4. Lot Size
Investors can bid for a minimum of 17 shares and in multiples thereof, requiring a minimum investment of Rs 14,807 at the upper end of the price band.
ALSO READ: LEAP India IPO Opens: 10 Key Things To Know Before You Subscribe
5. Object of the issue
The proceeds from the fresh issue will be used for:
- Setting up new wiring harness manufacturing plants in Haryana and Tamil Nadu
- Funding inorganic growth opportunities
- Repayment of borrowings
- Investment in subsidiaries for debt repayment purposes.
6. Lead Managers and registrar
Axis Capital, Jefferies India, Kotak Mahindra Capital, Nomura Financial Advisory & Securities (India), SBI Capital Markets and 360 ONE WAM are the book running lead managers for the public issue while KFin Technologies is the registrar to the issue.
7. About the Company
Dhoot Transmission is a leading electrical and electronics company engaged in designing, manufacturing and supplying wiring harnesses, battery packs, sensors, electronic controllers, automotive switches, connectors and terminals for automotive and industrial applications. The company is among the top two players in India's 2-wheeler and 3-wheeler wiring harness market and is a leader in EV wiring harnesses for these segments.
As on March 31, 2026, it had 22 operational manufacturing facilities, 3 engineering and design support centers and 7 warehouses across India and key international locations, providing access to major automotive clusters in India and globally.
8. Peer Comparison
Minda Corporation, Uno Minda, Motherson Sumi Wiring India, and Sona BLW Precision Forgings are among Dhoot Transmission's listed auto component peers.
9. Why Consider the IPO?
- Strong leadership position in the two-wheeler and three-wheeler wiring harness market.
- Growing exposure to electric vehicles, with EV-related products accounting for about 24% of FY26 revenue.
- Long-standing relationships with marquee OEMs such as Bajaj Auto, TVS Motor, Honda Motorcycle and Scooter India and Royal Enfield.
- Benefits from rising electrification, premiumisation and higher electronic content in vehicles.
- Anand Rathi has assigned a"Subscribe for Long Term" rating to the issue.
10. Key Risks
- Sector concentration risk
- Customer concentration risk
- Capital intensive operations and working capital requirements
- Raw material price, availability and supplier concentration risk
- International supply chain risk
- Manufacturing facility concentration risk.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
