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Founded in April 1998, Dhoot Transmission Limited is a prominent Indian manufacturer specializing in electrical systems and components for vehicles and machinery. Its core products include wiring harnesses, battery packs, sensors, switches, and connectors that support both traditional gas-powered vehicles and modern electric models.

The company holds a strong market presence, securing 41% of India’s overall two-wheeler and three-wheeler wiring segment and nearly 70% of the electric category in Fiscal 2026. With nearly all of its automotive offerings designed for electric or adaptable platforms, the company serves leading vehicle manufacturers and continues to expand across diverse industrial sectors.

For the year/period ended (Rs. in Cr.)

For year/ period ended ( in Cr.)

*Market cap @upper band

• Established leadership in India’s 2W and 3W wiring harness market with a comprehensive product portfolio.
• Well-positioned to capitalize on EV adoption, premiumization, automation, and connected vehicle trends.
• Strong business foundation backed by marquee OEM customers and a diversified business mix.
• Consistent financial performance supported by scalable manufacturing operations.
• Experienced management team, strong R&D capabilities, and reputed investor support.

The Company DHOOT TRANSMISSION LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

• Repayment/prepayment, in full or in part, of all or certain outstanding borrowings availed by the Company (Rs. 464.80 Cr.)
• 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 these Subsidiaries. (Rs. 301.77 Cr.)
• Setting up of a new wiring harness manufacturing plant of the Company at (i) Sector 11, Jhajjar, Haryana, India; and (ii) Shoolagiri, Hosur, Tamil Nadu, India (Rs. 150.00 Cr.)
• Funding inorganic growth through unidentified acquisitions and general corporate purposes.

At the upper band of IPO Rs. 871, the stock is valued at 44.9 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.