Business
SEBI Receives Updated IPO Filing from Auto Parts Manufacturer
Dhoot Transmission has filed updated draft papers with the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO). The proposed issue includes a fresh equity issue worth ₹1,400 crore along with an offer for sale by existing shareholders.
Auto component manufacturer Dhoot Transmission has filed updated draft papers with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).
According to the updated draft red herring prospectus (UDRHP) submitted on Friday, the proposed IPO comprises a fresh issue of equity shares worth ₹1,400 crore and an offer for sale (OFS) of up to 1.63 crore equity shares by promoter selling shareholders.
Under the OFS component, US-based investment firm Bain Capital, through its affiliate BC Asia Investments XV Ltd, plans to offload nearly 1.32 crore equity shares. Additionally, Mangalam Capital Pvt Ltd, formerly known as Mangalam Coils Pvt Ltd, will sell approximately 31.18 lakh shares in the company.
The IPO filing comes amid continued investor interest in India’s manufacturing and automotive component sector, particularly as companies seek capital to expand operations, strengthen technology capabilities, and cater to growing domestic and global demand.
Dhoot Transmission is known for manufacturing automotive electrical and electronic components used by vehicle manufacturers. The proposed public issue is expected to help the company enhance its market presence and support future growth initiatives. Further details regarding pricing, valuation, and listing timelines are expected in the coming months following regulatory approvals.
