Bain Capital backed Dhoot Transmission Limited, one of India’s leading electrical and electronics companies has filed its Updated Draft Red Herring Prospectus - 1 (UDRHP - 1) with market regulator Securities and Exchange Board of India (SEBI) for its IPO.
The proposed public offer is a mix of fresh issue and an offer for sale. The fresh issue consists of equity shares of face value ₹2 each, aggregating up to Rs 1400 Crores. The offer for sale comprises up to 1,63,10,733 equity shares of face value ₹2 each.
The offer for sale includes equity shares being sold by the promoter and promoter group selling shareholders. BC Asia Investments XV Limited is offering up to 1,31,91,900 equity shares of face value ₹2 each and Mangalam Capital Private Limited, formerly known as Mangalam Colise Private Limited is offering 31,18,833 equity shares of face value ₹2 each.
The company proposes to use the net proceeds mainly for repayment/prepayment of certain outstanding borrowings of the company amounting to ₹493.9 crore, and investment in subsidiaries including Dhoot Auto Components Private Limited, Dhoot Electricals Systems Private Limited, Dhoot Automotive Systems Private Limited and Dhoot Transmission UK Limited for repayment/prepayment of their outstanding borrowings amounting to ₹272.58 crore. The proceeds will also be used to set up new wiring harness manufacturing plants at Sector 11, Jhajjar, Haryana, and Shoolagiri, Hosur, Tamil Nadu, with ₹150 crore allocated for this purpose. Additionally, the company plans to use funds for unidentified acquisitions and general corporate purposes. The net proceeds are proposed to be deployed over FY27 and FY28.
Founded in 1999, Dhoot Transmission Limited is one of India’s leading electrical and electronics companies. The promoters of the company are BC Asia Investments XV Limited and Rahul Radhavallabh Dhoot. BC Asia XV acquired a 49% stake in the Company in April 2025. The company designs, engineers, manufactures and supply critical wiring harnesses that integrate electronic sensors and controllers, switches, terminals, connectors, junction boxes, high-voltage interconnection systems and data cables, delivering application-specific architectures across platforms.