Dhoot Transmission IPO 2026: Complete Details, Price Band & Review
By Kaushik Brahmakshatriya
Published On 09 August 2026.
Dhoot Transmission IPO
The Dhoot Transmission IPO is one of the biggest mainboard offerings of August 2026. This Pune-based company makes wiring harnesses for two-wheelers and three-wheelers, supplying big names like Bajaj Auto, TVS Motor and Royal Enfield. With a ₹3,066.89 crore issue size, strong financial growth, and healthy grey market buzz, investors are watching this listing closely. Here’s a complete breakdown of dates, pricing, financials and everything you need before applying.
IPO Dates and Price Band Details
The Dhoot Transmission IPO opens for subscription on August 10, 2026 and closes on August 12, 2026. The anchor investor bidding took place on August 7, 2026, where the company raised ₹918.27 crore. The price band is fixed between ₹829 and ₹871 per share, with a minimum lot of 17 shares requiring an investment of ₹14,807 at the upper band. Allotment is expected on August 13, and listing on BSE and NSE is scheduled for August 17, 2026.
Dhoot Transmission: Company Overview & Financials
Incorporated in 1998, Dhoot Transmission operates 22-23 manufacturing facilities across India and overseas. It holds a 41% market share in the domestic 2W/3W wiring harness segment and nearly 70% share in electric two- and three-wheeler harnesses, making it a strong play on India’s EV transition. Revenue grew from ₹3,472.24 crore in FY25 to ₹4,563.70 crore in FY26, while profit rose from ₹353.89 crore to ₹396.84 crore over the same period.
Issue Details & Valuation
The offer includes a fresh issue worth ₹1,400 crore and an offer for sale of nearly 1.91 crore shares by existing shareholders, including Bain Capital-linked BC Asia Investments XV Ltd. The P/E ratio works out to roughly 34-36 times, notably lower than the industry average of over 55 times, suggesting relatively reasonable pricing for a market leader.
| Parameter | Details |
| Price Band | ₹829 – ₹871 |
| Lot Size | 17 Shares |
| Issue Size | ₹3,066.89 Crore |
| Fresh Issue | ₹1,400 Crore |
| Open/Close Dates | Aug 10 – Aug 12, 2026 |
| Listing Date | Aug 17, 2026 |
| GMP (as of Aug 6) | ₹235 |
FAQ (Frequently Asked Questions)
| Question | Answer |
| When does the Dhoot Transmission IPO open? | It opens on August 10, 2026 and closes August 12, 2026. |
| What is the lot size? | 17 shares, requiring ₹14,807 at the upper price band. |
| What is the GMP? | Around ₹235 as of early August, indicating strong listing interest. |
| Where will it list? | On both BSE and NSE, tentatively on August 17, 2026. |
Conclusion
The Dhoot Transmission IPO brings a market-leading auto ancillary business to Dalal Street at a valuation cheaper than industry peers. Strong revenue growth, EV-segment dominance, and positive grey market signals make it one to track this IPO season. As always, investors should study the RHP and assess risk before applying.
Disclaimer :
IPO investments are subject to market risks. Please read the RHP carefully and consult your financial advisor before applying.
