Dhoot Transmission Limited has fixed the price band for its initial public offering at ₹829 to ₹871 per equity share, setting the stage for a ₹2,250 crore ($270 million) capital raise.
The automotive component manufacturer, which produces gearboxes and transmission systems, opens the issue for subscription on August 4, 2026, with the allotment expected later in the week.
The pricing places the company at a valuation that reflects steady demand for automotive parts in India’s domestic market.
Investors will assess whether the upper end of the band offers sufficient upside given the current sentiment toward mid-cap industrial listings.
The issue size positions Dhoot Transmission as one of the larger industrial debuts in recent months, drawing attention from institutional allocators looking for exposure to the auto supply chain.
The IPO follows a period of renewed activity in India’s primary markets, with several mid-sized firms seeking public listings to fund expansion and reduce debt.