Bain Capital-backed Dhoot Transmission recordsdata up to date DRHP with Sebi for IPO, to lift Rs 1,400 crores by way of contemporary difficulty
{The electrical} & electronics corporations’ proposed public supply can be a mixture of contemporary difficulty and a suggestion on the market (OFS). The contemporary difficulty consists of fairness shares of face worth Rs 2 every, aggregating as much as Rs 1,400 crore and the OFS includes as much as 1.63 fairness shares.
The OFS contains fairness shares being bought by the promoter and promoter group promoting shareholders. BC Asia Investments XV Restricted is providing as much as 1,31,91,900 fairness shares and Mangalam Capital Non-public Restricted (previously often called Mangalam Colise Non-public Restricted) is providing 31,18,833 fairness shares.
Dhoot Transmission IPO
The corporate proposes to make use of the online proceeds primarily for reimbursement/prepayment of sure excellent borrowings of the corporate amounting to Rs 493.9 crore, and funding in subsidiaries together with Dhoot Auto Elements Non-public Restricted, Dhoot Electricals Methods Non-public Restricted, Dhoot Automotive Methods Non-public Restricted and Dhoot Transmission UK Restricted for reimbursement/prepayment of their excellent borrowings amounting to Rs 272.58 crore.
The proceeds may also be used to arrange new wiring harness manufacturing vegetation at Jhajjar, in Haryana, and Hosur in Tamil Nadu, with Rs 150 crore allotted for this function.
Moreover, the corporate plans to make use of funds for unidentified acquisitions and normal company functions. The online proceeds are proposed to be deployed over FY27 and FY28.
About Dhoot Transmission
Based in 1999, Dhoot Transmission is certainly one of India’s main electrical and electronics corporations. The promoters of the corporate are BC Asia Investments XV Restricted and Rahul Radhavallabh Dhoot.
BC Asia XV acquired a 49% stake within the Firm in April 2025. The corporate designs, engineers, manufactures and provides important wiring harnesses that combine digital sensors and controllers, switches, terminals, connectors, junction packing containers, high-voltage interconnection techniques and knowledge cables, delivering application-specific architectures throughout platforms.
The UDRHP claimed firm is among the many high two gamers in India’s two-wheeler and three-wheeler wiring harness marketwith a 44.64% market share by worth in FY25. Additionally it is a market chief within the electrical two-wheeler and three-wheeler wiring harness phase, commanding over 70% market share in FY25, reflecting its sturdy positioning in each conventional and electrical mobility platforms.
The corporate serves each automotive and non-automotive purposes, with merchandise designed to fulfill stringent OEM efficiency, security and reliability requirements.
As on December 31, 2025, the corporate had 22 operational manufacturing services, three engineering and design assist centres and 7 warehouses throughout India and key worldwide places, offering entry to main automotive clusters in India and globally. They’ve 4 underneath building vegetation in India.
The corporate’s marquee shoppers embrace Bajaj Auto, TVS Motor Firm, Honda Bike and Scooter India Non-public, Buyer 4, and Royal Enfield, a unit of Eicher Motors.
Dhoot Transmission financials
Throughout the 9 months ended December 31, 2025 and fiscals 2025, 2024 and 2023, the corporate had 477, 466, 436 and 453 prospects, respectively
The corporate has demonstrated sturdy FY23–FY25 progress momentum, with income from operations rising 62% from Rs 2,125.86 crore in FY23 to Rs 3,444.86 crore in FY25, whereas PAT greater than doubled from Rs 163.91 crore to Rs 353.89 crore. EBITDA additionally strengthened from Rs 298.68 crore in FY23 to Rs 590.96 crore in FY25, with EBITDA margin bettering from 14.05% to 17.15%, whereas PAT margin expanded from 7.69% to 10.19% for a similar interval.
Wiring harnesses stay the core income driver, contributing Rs 2,687 crore, or 78% of FY25 income, and Rs 2,505.42 crore, or 77.15%, for the 9 months ended December 31, 2025.
IPO lead managers
Axis Capital Restricted, Jefferies India Non-public Restricted, Kotak Mahindra Capital Firm Restricted, Nomura Monetary Advisory and Securities (India) Non-public Restricted, SBI Capital Markets Restricted and 360 ONE WAM Restricted are the bankers to the difficulty.
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