• IPO and shareholding: Dhoot Transmission is launching a ₹3,067 crore IPO priced between ₹829 and ₹871 per share, comprising a ₹1,400 crore fresh issue and a ₹1,667 crore offer for sale where Bain Capital partially exits while retaining approximately 42.5% equity.
• Market share position: Deriving 99% of its revenue from the automotive industry, the company holds a 41% domestic market share and a 14% global market share in 2-wheeler and 3-wheeler wiring harnesses across both ICE and EV platforms.
• Proceeds and debt: The company will utilize ₹767 crore from the fresh issue to become fully debt-free, generating annual interest savings of ₹50 to ₹70 crore, while building an overall war chest of ₹900 to ₹1,000 crore for organic growth, technical collaborations, and acquisitions.
• Capacity expansion plans: Operating at a baseline 75% capacity utilization to accommodate seasonal demand spikes, the company is deploying ₹150 crore to increase capacity by 20% via new facilities in Hosur and Jhajjar, alongside three additional internally funded plants.