Dhoot Transmission IPO price band set at ₹829-₹871 per share; check lot size, key dates and financials

Auto components manufacturer Dhoot Transmission Ltd will launch its ₹3,066.89 crore initial public offering (IPO) on August 10. The issue, which has set a price band of ₹829 to ₹871 per share, will end on August 12.

The proposed initial share sale is a combination of a fresh issue of equity shares valued at ₹1,400 crore and an offer for sale (OFS) component of ₹1,666.89 crore by promoters BC Asia Investments XV Ltd and Mangalam Capital Private Ltd.

Funds raised will be used for debt repayment of the company and its subsidiaries, setting up of a new wiring harness manufacturing facility, funding inorganic growth via acquisitions and corporate general purposes.

"Our company expects to receive the benefits of listing of the equity shares on the Stock Exchanges, including enhancement of our company’s brand name amongst our existing and potential customers and creation of a public market for our equity shares in India," according to the red-herring prospectus.

Dhoot Transmission IPO: Lot size

A lot consists of 17 shares and in multiples thereafter.

Dhoot Transmission IPO: Allotment and listing date

Dhoot Transmission IPO: Financials

Axis Capital, Kotak Mahindra Capital Company, Jefferies India, SBI Capital Markets, Nomura Financial Advisory and Securities and 360 ONE WAM are the issue's book-running lead managers, while KFin Technologies is the registrar.

The shares of the company will make their debut on the NSE and the BSE.

Founded in 1999 by Rahul Dhoot, Aurangabad-headquartered Dhoot Transmission manufactures products like wiring harnesses, electronic sensors and controllers, power cords, cables, automotive switches, connectors and terminals.

Its offerings cater to commercial vehicles, two-wheelers, three-wheelers, off-road vehicles, farm equipment, medical devices, earth movers and domestic appliances.