Bain-Backed Indian Auto Parts Maker Is Said to Consider 2026 IPO

Indian auto-components maker Dhoot Transmission Pvt. is considering an initial public offering in Mumbai that could raise at least $250 million, according to people familiar with the matter.

Backed by Bain Capital LP, the company has invited investment banks to pitch for roles in arranging the share sale, the people said, requesting anonymity due to the private nature of the discussions. The IPO, expected to launch next year, will include a fresh issue of shares and offers from existing investors, they said.