Dhoot Transmission's $250 Million IPO: A Confidential Leap in Auto Component Market
Auto component manufacturer Dhoot Transmission plans a $250 million IPO via the confidential pre-filing route, allowing initial engagement with Sebi. Backed by Bain Capital, the IPO involves a fresh equity share issuance and an offer for sale by existing investors. The company, founded in 1999, produces wiring harnesses, sensors, and connectors.
- Country:
- India
Auto component maker Dhoot Transmission is making strategic moves to raise USD 250 million through a confidential IPO pre-filing with capital markets regulator Sebi. The decision echoes a growing preference for this route as firms aim for greater flexibility and responsiveness to market dynamics.
With backing from private equity giant Bain Capital, Dhoot's IPO will involve a fresh issue of equity shares alongside an offer for sale by existing investors, while promoters retain their stakes. The company's confidential pre-filing allows private engagement with Sebi for initial feedback, a maneuver gaining traction in the auto components sector.
Established in 1999, Dhoot Transmission is a key player with global manufacturing facilities, offering products that cater to diverse vehicles and appliances markets. As its revenue soars, capturing 15-20% from overseas operations, major clients include Bajaj Auto and TVS Motor Company.
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