Dhoot Transmission, an auto component maker, has filed updated draft papers with the Securities and Exchange Board of India (SEBI) for its proposed Initial Public Offering (IPO).
The public issue includes a fresh issue of equity shares worth ₹1,400 crore and an offer for sale (OFS) of up to 1.63 crore shares by promoter selling shareholders, according to the updated draft red herring prospectus filed on Friday.
Under the OFS portion, BC Asia Investments XV Ltd, an affiliate of US-based Bain Capital, plans to sell nearly 1.32 crore equity shares. Mangalam Capital Pvt Ltd, formerly known as Mangalam Coils Pvt Ltd, will offload 31.18 lakh shares.
The company had earlier used the confidential pre-filing route for the IPO. It later received approval from SEBI for the proposed public issue earlier this month.
Dhoot Transmission said ₹493.9 crore from the fresh issue proceeds will be used to repay or prepay borrowings. Another ₹272.58 crore will be invested in subsidiaries for repayment of their debt obligations.
The subsidiaries include Dhoot Autocomponents, Dhoot Electricals Systems, Dhoot Automotive Systems and Dhoot Transmission UK Ltd.
The company also plans to spend ₹150 crore on new wiring harness manufacturing facilities in Jhajjar, Haryana and Shoolagiri in Hosur, Tamil Nadu. Remaining proceeds may be used for acquisitions and general corporate purposes.
Founded in 1999, Dhoot Transmission manufactures wiring harnesses and related automotive electrical components. The company supplies products to Bajaj Auto, TVS Motor Company, Honda Motorcycle and Scooter India and Royal Enfield.
According to the draft papers, the company held a 44.64% market share by value in India’s 2-wheeler and 3-wheeler wiring harness segment in FY25.
Revenue from operations rose to ₹3,444.86 crore in FY25 from ₹2,125.86 crore in FY23, while profit after tax increased to ₹353.89 crore from ₹163.91 crore. The shares are proposed to be listed on the BSE and NSE.
Read More: Upcoming IPO: SEBI Approves Cotec Healthcare and Deepa Jewellers IPOs!
The IPO filing comes after the company received SEBI approval earlier this month. The issue includes both fresh equity issuance and stake sales by existing shareholders.
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Published on: May 25, 2026, 3:16 PM IST
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