Dhoot Transmission sets IPO price band at ₹829-871; issue to open on August 10
Dhoot Transmission Ltd has set an IPO price band of ₹829-871 per share for its ₹3,067-crore Initial Public Offering, which will open for public subscription on August 10. The IPO comprises a fresh issue of equity shares aggregating up to ₹1,400 crore and an Offer For Sale (OFS) of up to 1.91 crore equity shares by promoters BC Asia Investments XV Ltd, Bain Capital, and Mangalam Capital Private Ltd. The company plans to use the proceeds to repay outstanding borrowings, invest in subsidiaries for debt repayment, set up new wiring harness manufacturing plants, and undertake strategic acquisitions.
The shares are expected to debut on August 17, with 50% reserved for Qualified Institutional Buyers, 15% for Non-Institutional Investors, and the remaining 35% for retail investors.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
