Auto component maker Dhoot Transmission made a strong debut on the stock exchanges on Monday, with its shares listing at a nearly 38% premium over the IPO price. The shares opened at Rs 1,200 on the NSE, compared with the issue price of Rs 871. On the BSE, the stock started trading at Rs 1,193.80, giving investors a listing gain of around 37%. The strong debut came after heavy demand for the company's Rs 3,066.89 crore IPO. The issue, which was open from August 10 to August 12, was subscribed 74.21 times. The QIB portion was subscribed 212.92 times, while the NII and retail portions saw 51.93 times and 8.12 times subscription, respectively. The IPO comprised a fresh issue of Rs 1,400 crore and an offer for sale (OFS) of around Rs 1,666.89 crore. Private equity investor Bain Capital, which held around 55% in the company before the IPO, was among the selling shareholders. Dhoot Transmission makes wiring harnesses and other electrical and electronic components used in vehicles. Its products include battery packs, sensors, electronic controllers, switches, connectors and power supply systems. The company supplies components to major automakers, including Bajaj Auto, TVS Motor, Honda Motorcycle and Royal Enfield. The company has also been growing rapidly. Its revenue increased 31% year-on-year to Rs 4,525 crore in FY26, while profit after tax rose to around Rs 397 crore. However, its EBITDA margin declined to 15.71% in FY26 from 18.31% in FY24. Dhoot Transmission's EV business is another key growth driver, as electric vehicles require more wiring and electrical components than conventional vehicles. Its strong listing reflects investor interest in the company's growth and its exposure to India's expanding electric vehicle market. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
