Bain-Backed Dhoot Transmission Gears Up for ₹2,075 Crore IPO, Appoints Four Investment Banks

1 min read Updated on 24 Sept 2025, 10:55 AM

Reviewed by

Shraddha JScanX News Team

Overview

Dhoot Transmission Ltd., a Bain Capital-backed automotive parts manufacturer, is advancing towards its IPO in Mumbai. The company has appointed Axis Bank, Kotak Mahindra Bank, Jefferies, and Nomura to manage the share sale. The IPO aims to raise approximately ₹2,075 crore ($250 million) and could value the company at up to ₹12,450 crore ($1.5 billion). Founded in 1999, Dhoot Transmission specializes in electronic sensors, automotive switches, and cords, with operations across six countries. This move comes amid a strong year for IPOs in India, with over ₹83,000 crore raised so far, a 16% increase from last year.

*this image is generated using AI for illustrative purposes only.

Dhoot Transmission Ltd., a leading automotive-parts manufacturer backed by Bain Capital, is making significant strides towards its initial public offering (IPO) in Mumbai. The company has taken a crucial step by appointing four prominent investment banks to manage the share sale, signaling its readiness to enter the public market.

Banking Consortium

The company has assembled a strong team of financial institutions to oversee its IPO process:

Axis Bank Ltd.
Kotak Mahindra Bank Ltd.
Jefferies Financial Group Inc. (Indian unit)
Nomura Holdings Inc. (Indian unit)

IPO Details

The upcoming IPO is expected to raise approximately ₹2,075.00 crore ($250.00 million). The share sale may include both fresh share issuance and secondary sales by existing investors. Industry sources suggest that the IPO could value Dhoot Transmission at up to ₹12,450.00 crore ($1.50 billion).

Company Background

Dhoot Transmission, founded in 1999 and headquartered in Maharashtra, has established itself as a key player in the automotive components sector. The company specializes in manufacturing:

Electronic sensors
Automotive switches
Cords and cables for vehicles and appliances

With a global footprint, Dhoot Transmission operates manufacturing plants across six countries:

India
United Kingdom
Slovakia
Thailand
Japan
South Korea

Bain Capital's Stake

Earlier this year, Bain Capital acquired a 49% stake in Dhoot Transmission. This investment has likely bolstered the company's growth plans and its decision to go public.

Indian IPO Market Trends

The announcement comes amidst a robust year for initial public offerings in India. The country's IPO market has already seen companies raise over ₹83,000.00 crore ($10.00 billion) so far this year, marking a 16% increase compared to the same period last year.

Dhoot Transmission's upcoming IPO adds to the growing list of companies tapping into India's vibrant capital markets, reflecting continued investor confidence and the expanding opportunities in the country's automotive and manufacturing sectors.