Dhoot Transmission files updated IPO papers
Analysis based on 8 articles · First reported May 23, 2026 · Last updated May 23, 2026
The IPO filing by Dhoot Transmission — Dhoot Transmission UK is expected to generate significant interest in the automotive and electrical components sectors in India. The funds raised will enable Dhoot Transmission — Dhoot Transmission UK to reduce debt and expand manufacturing, potentially boosting its market share and financial performance, which could positively influence investor sentiment towards the company and its industry peers.
Dhoot Transmission — Dhoot Transmission UK, an auto component maker specializing in wiring harnesses, has filed updated draft papers with the India — Securities and Exchange Board of India for an Initial Public Offering. The IPO will consist of a fresh issue of equity shares worth Rs 1,400 crore and an offer for sale of up to 1.63 crore equity shares. US-based Bain Capital, through its affiliate BC Asia Investments XV Ltd, will offload nearly 1.32 crore equity shares, and Mangalam Capital Private Limited will sell 31.18 lakh shares. The proceeds from the fresh issue will be used to repay Dhoot Transmission — Dhoot Transmission UK's debt (Rs 493.9 crore), invest in its subsidiaries (Dhoot Auto Components Private Limited, Dhoot Electricals Systems Private Limited, CLFIVE Automotives Private Limited, and Dhoot Transmission — Dhoot Transmission UK) for their debt repayment (Rs 272.58 crore), and establish new manufacturing facilities in India — Jhajjar, Haryana, and Shoolagiri, Hosur, Tamil Nadu (Rs 150 crore). The company, founded in 1999, is a leading player in India's two-wheeler and three-wheeler wiring harness market, with clients including Bajaj Auto, TVS Motor Company, Honda — Honda Motorcycle and Scooter India, and Eicher Motors — Royal Enfield. Its revenue from operations increased by 62% to Rs 3,444.86 crore in FY25, and profit after tax more than doubled to Rs 353.89 crore.
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