Company Overview - Dhoot Transmission Ltd. is an automotive-parts manufacturer backed by Bain Capital, with a 49% stake held by Bain after an investment in January [2][5] - Founded in 1999 and based in Maharashtra, India, Dhoot produces electronic sensors, automotive switches, cords, and cables for various vehicles and appliances [2][5] - The company operates manufacturing plants not only in India but also in the UK, Slovakia, Thailand, Japan, and South Korea [2][5] IPO Details - Dhoot Transmission Ltd. is preparing for an initial public offering (IPO) in Mumbai, expected to raise approximately $250 million [1][5] - The IPO is likely to include a fresh issue of shares and secondary sales by existing investors, with a potential valuation of up to $1.5 billion [1][5] - The company has appointed four banks, including Axis Bank Ltd. and Kotak Mahindra Bank Ltd., to facilitate the IPO [5] Market Context - Over $10 billion has been raised in Indian IPOs this year, marking a 16% increase compared to the same period in 2024 [5] - Notable IPOs this year include HDB Financial Services Ltd. and Hexaware Technologies Ltd., each raising over $1 billion [5]