# Dhoot Transmission Limited: IPO analysis > Dhoot Transmission Limited (CIN U31300PN1998PLC131629) has filed a Prospectus with SEBI for an IPO comprising an offer for sale of ₹1,667 Cr, priced at ₹829.00 to ₹871.00 per share. In FY26 it reported revenue of ₹4,525 Cr (+31.4% on FY25) and a net profit of ₹397 Cr. Promoters hold 84.9% before the IPO. Our fact-check of its claims found 6 medium or high concerns across 40 claims checked. - Page: https://ipo.innerkore.com/company/U31300PN1998PLC131629/dhoot-transmission-limited/ - CIN: U31300PN1998PLC131629 - Last updated: 18 Aug 2026 ## Key facts - **Company:** Dhoot Transmission Limited - **CIN:** U31300PN1998PLC131629 - **Filing stage:** Prospectus - **Latest SEBI filing:** 18 Aug 2026 - **Offer for sale:** ₹1,667 Cr - **Price band:** ₹829.00 to ₹871.00 per share - **Final offer price:** ₹871.00 per share - **Lot size:** 17 shares - **Bidding opens:** 10 Aug 2026 - **Bidding closes:** 12 Aug 2026 - **Listing on:** BSE, NSE - **Revenue FY26:** ₹4,525 Cr - **Revenue growth:** +31.4% - **Net profit FY26:** ₹397 Cr - **Revenue CAGR FY24 to FY26:** 27.2% - **Promoter holding (pre-IPO):** 84.9% - **Lead managers:** Axis Capital Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, SBI Capital Markets Limited, ONE WAM Limited - **Registrar:** Kfin Technologies Limited - **Fact-check flags:** 0 high, 6 medium, 5 low ## Key signals (read from the filing; not investment advice) - **Valuation** (concern): 41.4x P/E. At the top of the band, on FY26 profit; 6.7x book value. - **Growth** (looks fine): 27.2% a year. Sales FY24 to FY26; latest year +31.4%. - **Profitability** (look closer): 8.8% net margin. FY26; operating margin steady. - **Debt** (looks fine): 0.35x equity. ₹841 crore borrowed at the end of FY26. - **Profit into cash** (looks fine): 88% of profit. Operations brought in ₹348 crore against ₹397 crore of profit in FY26. - **One-off income** (looks fine): 8% of profit. Other and one-off income is 8% of pre-tax profit. - **Where the money goes** (concern): All for sale. Entirely an offer for sale: the company receives nothing. - **Red flags** (look closer): 6 to review. 40 claims checked: 0 high, 6 medium concern. ## Financial snapshot (₹ crore unless stated; consolidated) | | FY24 | FY25 | FY26 | |---|---:|---:|---:| | Sales | 2,798 | 3,445 | 4,525 | | Sales growth | – | 23.1% | 31.4% | | Operating profit | 512 | 591 | 711 | | Operating margin | 18.3% | 17.2% | 15.7% | | Net profit | 299 | 354 | 397 | | Net margin | 10.7% | 10.3% | 8.8% | | Net worth | 749 | 994 | 2,435 | | Borrowings | 555 | 776 | 841 | | Return on equity | 39.9% | 35.6% | 16.3% | ## Use of proceeds (fresh issue) - Repayment/prepayment, in full or in part, of all or certain outstanding borrowings availed by our Company: ₹465 crore - Investment in certain of our Subsidiaries, namely, Dhoot Autocomponents 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.: ₹302 crore - Setting up of a new wiring harness manufacturing plant of our Company at (i) Sector 11, Jhajjar, Haryana, India; and (ii) Shoolagiri, Hosur, Tamil Nadu, India: ₹150 crore - Funding inorganic growth through unidentified acquisitions and general corporate purposes(1): ₹410 crore ## Fact-checked claims - **MEDIUM** (LitigationStatus): No material civil litigation was found involving the Subsidiaries.. The search results indicate that various law firms have been involved with Dhoot Transmission Limited in connection with its IPO and related activities, including advising on the IPO and acting as legal counsel for different parties. This suggests that legal matters, including potential litigation, have been in the public domain concerning the company. - **MEDIUM** (LitigationStatus): No material civil litigation was found involving the Company.. The search results indicate that various law firms have been involved with Dhoot Transmission Limited in connection with its IPO and related activities, such as advising on the IPO and acting as legal counsel. This suggests that there have been legal engagements, which is relevant to the claim about civil litigation. - **MEDIUM** (SubsidiaryPerformance): Uno Minda Limited is a leading global Tier-1 automotive components and systems supplier with six decades of experience.. The search results provide some quantitative data about Uno Minda Ltd., including its market capitalization and incorporation year, but they do not explicitly confirm or deny the claim that it is a 'leading global Tier-1 automotive components and systems supplier with six decades of experience.' - **MEDIUM** (LitigationStatus): No material civil litigation was found involving the Promoters.. The search results indicate that various law firms have been involved in advisory or legal capacity concerning Dhoot Transmission Limited's IPO and related matters. Some results mention legal counsel for the company in relation to the IPO, which is related to the promoters' activities, but they do not explicitly state whether any material civil litigation was found or not. - **MEDIUM** (SubsidiaryPerformance): Dhoot Electrical Solutions Private Limited (DWSPL) was formerly known as Dhoot Wirings Systems Private Limited and changed its name on March 3, 2026.. The search results do not contain any information confirming or denying the claim that Dhoot Electrical Solutions Private Limited was formerly known as Dhoot Wirings Systems Private Limited and changed its name on March 3, 2026. One result mentions a name change to 'Dhoot Transmission Limited' dated December 4, 2025, which is different from the claim. - **MEDIUM** (SubsidiaryPerformance): A past acquisition in 2018 involved acquiring 100% of Parkinson Harness Technology Limited (“PHT”) to deepen presence in the United Kingdom and diversify into non-automotive engineering applications.. Search results indicate that Dhoot Transmission has acquired Parkinson Harness Technology, and this is mentioned as the fourth acquisition by Dhoot Transmission. However, the search results do not explicitly confirm the year 2018 or the specific details about deepening presence in the UK and diversifying into non-automotive engineering applications. - **LOW** (RegulatoryAction): The Company and its related parties are not prohibited from accessing the capital market or debarred from dealing in securities by orders from SEBI or other securities market regulators.. The search results confirm that Dhoot Transmission has been involved in various regulatory and financial activities, including filing an Updated DRHP with the market regulator, which is related to the context of the claim regarding dealings in securities. - **LOW** (RegulatoryAction): The offer procedure is subject to change to any revised circulars issued by SEBI.. The search results confirm that Dhoot Transmission has been involved in various regulatory and financial activities, including announcements, legal counsel for IPOs, and filing of updated DRHP with SEBI. This context suggests that the offer procedure being subject to change is a plausible regulatory consideration in the context of the ongoing IPO process. - **LOW** (SubsidiaryPerformance): Ajay Seth is an Independent Director and Chairman of the Board of Directors and has over 38 years of experience in the automotive sector, having previously served as principal consultant and chief financial officer with Maruti Suzuki India Limited.. The search results confirm the existence and trading information for Maruti Suzuki India Ltd., which is relevant to the experience mentioned in the claim regarding a previous role with Maruti Suzuki. However, the results do not explicitly confirm that Ajay Seth is the Independent Director and Chairman of the Board or that he has 38 years of experience. - **LOW** (SubsidiaryPerformance): Sona BLW Precision Forgings Limited specializes in designing, manufacturing, and supplying mission-critical automotive components and systems.. The search results confirm that Sona BLW Precision Forgings Ltd operates in the Auto sector, as indicated by the search results mentioning its operation in Auto. However, the provided snippets do not explicitly detail the specialization in designing, manufacturing, and supplying mission-critical automotive components and systems as stated in the claim. - **LOW** (RegulatoryAction): The Company confirms that it is eligible to make the Offer in terms of Regulation 5 of the SEBI ICDR Regulations and is in compliance with Regulation 7(2) of the SEBI ICDR Regulations.. The search results confirm that Dhoot Transmission has been involved in various processes related to its IPO, including filings with the market regulator and legal counsel activities, which is relevant to the claim about eligibility and compliance with SEBI ICDR Regulations. However, the results do not explicitly confirm the specific eligibility or compliance status mentioned in the claim. - **NONE** (PromoterBackground): Rahul Radhavallabh Dhoot received a total remuneration of ₹2.40 Crore for Fiscal 2026.. The provided search results do not contain any information regarding the total remuneration received by Rahul Radhavallabh Dhoot for Fiscal 2026. Therefore, the claim cannot be corroborated, contradicted, or updated by the available search snippets. ## Common questions ### How big is the Dhoot Transmission Limited IPO? Dhoot Transmission Limited's IPO comprises an offer for sale of ₹1,667 Cr, according to its Prospectus. The price band was ₹829.00 to ₹871.00 per share and the final offer price was ₹871.00 per share. ### What are Dhoot Transmission Limited's revenue and profit? Dhoot Transmission Limited reported revenue from operations of ₹4,525 Cr in FY26, +31.4% versus FY25. Net profit was ₹397 Cr (FY25: ₹354 Cr). Revenue grew at a compound rate of 27.2% a year from FY24 to FY26. Figures are read from the Prospectus, as printed there. ### How much do promoters own in Dhoot Transmission Limited? Promoters hold 84.9% of Dhoot Transmission Limited before the IPO. ### How will Dhoot Transmission Limited use the IPO money? The fresh-issue proceeds are earmarked for: Repayment/prepayment, in full or in part, of all or certain outstanding borrowings availed by our Company (₹465 Cr); Investment in certain of our Subsidiaries, namely, Dhoot Autocomponents 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. (₹302 Cr); Setting up of a new wiring harness manufacturing plant of our Company at (i) Sector 11, Jhajjar, Haryana, India; and (ii) Shoolagiri, Hosur, Tamil Nadu, India (₹150 Cr); Funding inorganic growth through unidentified acquisitions and general corporate purposes (₹410 Cr). The offer-for-sale portion goes to the selling shareholders, not the company. ### What are the red flags in Dhoot Transmission Limited's Prospectus? We fact-checked 40 claims from the filing against the open web: 0 raised a high concern, 6 medium and 5 low. The most notable: The search results indicate that various law firms have been involved with Dhoot Transmission Limited in connection with its IPO and related activities,… The search results indicate that various law firms have been involved with Dhoot Transmission Limited in connection with its IPO and related activities, such… The search results provide some quantitative data about Uno Minda Ltd., including its market capitalization and incorporation year, but they do not explicitly… This is an automated screen, not a verdict; each finding links to its sources. ### What does Dhoot Transmission Limited do? Forget the hype: Uno Minda Limited isn't just another company; we're digging into whether this supposed 'leading global Tier-1 automotive components supplier' actually has the six decades of experience they claim. ### Who manages the Dhoot Transmission Limited IPO? Book running lead managers: Axis Capital Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, SBI Capital Markets Limited, ONE WAM Limited. Registrar to the offer: Kfin Technologies Limited. Shares are proposed to list on BSE and NSE. ### Where can I read the original Dhoot Transmission Limited IPO documents? All 1 filing for Dhoot Transmission Limited (Prospectus) are listed on this page with links to the original PDFs on SEBI's website. Every page reference cites the exact page of the source document. ## Source documents - [Dhoot Transmission Limited](https://www.sebi.gov.in/sebi_data/attachdocs/aug-2026/1787202611548.pdf) (Prospectus, filed 18 Aug 2026) --- Source: InnerKore IPO (https://ipo.innerkore.com/). Read from public SEBI filings by automated extraction; check the linked documents. Not investment advice.