Dhoot Transmission has secured Rs 918 crore from 72 anchor investors in a pre-IPO anchor allocation round, ahead of its upcoming Rs 3,067-crore initial public offering. Domestic mutual funds accounted for 61.27% of the total anchor allocation, underscoring strong participation from domestic institutional investors.

The company plans to deploy the IPO proceeds toward repaying outstanding debt, funding business expansion initiatives, and pursuing strategic acquisitions.

Anchor investor allotments typically occur one day before a public IPO subscription window opens, allowing institutional investors to subscribe to shares at the issue price ahead of retail and non-institutional investors. In the Indian IPO framework, anchor investors are required to lock in at least 50% of their allotted shares for 90 days from the date of allotment, with the remaining portion subject to a 30-day lock-in period.

The Rs 3,067-crore public offering by Dhoot Transmission marks a significant capital-raising event in the Indian primary markets. The substantial domestic mutual fund participation in the anchor book reflects institutional confidence in the company's business model and growth trajectory.

Dhoot Transmission is a manufacturer of wiring harnesses and automotive electrical components, serving original equipment manufacturers (OEMs) in the automotive sector. Wiring harnesses are critical assemblies that route electrical power and signals throughout a vehicle, and demand for increasingly complex electrical architectures has grown alongside the automotive industry's shift toward connected, hybrid, and electric vehicles, which require more elaborate wiring systems than conventional internal combustion engine vehicles. The company's OEM-focused positioning places it within a broader Indian auto-components industry that has been expanding on the back of rising vehicle production, government-led manufacturing incentives, and growing tier-1 supplier integration into global automotive supply chains.