Dhoot Transmission, one of the leading manufacturers of automotive components and electrical systems, has submitted its UDRHP to SEBI to float its Initial Public Offering (IPO) in the primary market.
As per the updated document, the firm is looking to raise ₹1,400 crore via a fresh issue and up to 1.63 crore equity shares via an Offer-for-sale component.
In the OFS component,
- And, Mangalam Capital Private Limited will sell 31.18 lakh equity shares.
- BC Asia Investments XV Limited will be selling 1.31 crore equity shares.
Object to the issue
- ₹493.9 crore towards repayment or prepayment of existing borrowings taken by the company
- ₹272.58 crore investment in subsidiaries for repayment of their debt obligations
- Debt reduction and business expansion activities overall
- ₹150 crore to set up new wiring harness manufacturing plants in Jhajjar, Haryana, and Shoolagiri, Hosur, Tamil Nadu.
- Lastly, the remaining funds will be used for the general corporate purposes.
Dhoot Transmission, founded in 1999, is involved in the manufacturing of wiring harnesses and electrical and electronic systems for automotive, electric vehicles, industrial equipment, agriculture, marine, railways, medical devices, and consumer applications.
As of December 2025, Dhoot Transmission has:
- 22 manufacturing facilities
- 3 engineering and design centres
- 7 warehouses across India and international markets
- 4 additional manufacturing facilities under construction
Financials:
- In FY25, the firm achieved a revenue of ₹3,444.86 crore.
- Profit after tax stood at ₹353.89 crore in FY25
Dhoot Transmission IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Dhoot Transmission Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2023 | ₹2131.58 | ₹1932.33 | ₹163.91 |
| 2024 | ₹2799.32 | ₹2411.18 | ₹298.75 |
| 2025 | ₹3472.24 | ₹3014.64 | ₹353.89 |
| Dec 2024 | ₹3279.24 | ₹2871.77 | ₹301.46 |
Dhoot Transmission IPO Valuation – FY2025
Dhoot Transmission IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹24.31 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 36.18% |
| Net Asset Value (NAV): | ₹68.25 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Minda Corporation Limited | 10.85 | 50.37 | 11.60 | 92.11 | 5056.20 Cr. |
| Uno Minda Limited | 16.42 | 71.96 | 17.70 | 99.75 | 16774.61 Cr. |
| Motherson Sumi Wiring India Limited | 0.91 | 46.70 | 0.36 | 2.56 | 9271.60 Cr. |
| Sona BLW Precision Forgings Limited | 9.92 | 58.34 | 17.70 | 88.38 | 3546.02 Cr. |
Objects of the Issue
- Repayment/prepayment, in full or in part, of all or certain outstanding borrowings availed by the Company
- 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 Dhoot Autocomponents Private Limited, Dhoot Electricals Systems Private Limited, Dhoot Automotive Systems Private Limited and Dhoot Transmission UK Limited.
- Setting up of a new wiring harness manufacturing plant by our Company at (i) Sector 11, Jhajjar, Haryana, India (“Jhajjar Wiring Harness Plant”), and (ii) Shoolagiri, Hosur, Tamil Nadu, India (“Hosur Wiring Harness Plant”)
- Funding inorganic growth through acquisitions and general corporate purposes.
IPO Lead Managers aka Merchant Bankers
- Axis Capital Limited
- Jefferies India Private Limited
- Kotak Mahindra Capital Company Limited
- Nomura Financial Advisory and Securities (India) Private Limited
- SBI Capital Markets Limited
- 360 ONE WAM Limited
