What brokerages say on Dhoot Transmissions IPO that opens today at ₹829-871
Bain Capital backed company raised ₹918.27 crore from anchor investors
Dhoot Transmissions, a leading electrical and electronics company in India, is set to go public today with an IPO priced between ₹829-871 per share. The company plans to raise ₹3,067 crore through the fresh issue and offer-for-sale of shares. The IPO allocation is divided among qualified institutional buyers, non-institutional investors, and retail investors.
The proceeds will be used to retire debt, fund new manufacturing facilities, and for general corporate purposes. The company employs 2,735 people and has significant ties with major automotive OEMs. Post-IPO, Dhoot Transmission expects to hold a cash surplus of ₹900-₹1,000 crore with a debt-free balance sheet.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Dhoot Transmission IPO subscribed 36% so far on day 1, brokerages largely bullish thehindubusinessline.com
