Dhoot Transmission Ltd, an automotive component maker backed by Bain Capital, is preparing to launch an initial public offering (IPO) targeting ₹2,250 crore in early August, according to livemint.com. The company received approval from the Securities and Exchange Board of India (SEBI) following a confidential filing in February.
The IPO marks Dhoot Transmission's entry into the public market after securing regulatory clearance from SEBI. The company has been backed by Bain Capital, a major private equity firm, which has supported its growth in the auto ancillary sector. The public issue is part of a broader trend of private equity-backed automotive component makers seeking listings in India.
Dhoot Transmission's planned IPO comes amid a rising pipeline of auto ancillary companies going public, reflecting investor interest in the automotive supply chain sector. The ₹2,250 crore target places the offering among significant listings in the auto components space this year. Bain Capital's involvement highlights the growing role of private equity in scaling Indian manufacturing firms for public markets.
The company aims to finalize the IPO launch in early August, with SEBI approval already in place. This listing will provide investors access to a key player in the automotive components market, backed by a global private equity firm with a track record in the sector.