New Delhi, May 24 -- Auto component manufacturer Dhoot Transmission, backed by private equity firm Bain Capital, has filed updated draft papers with capital market regulator Sebi for its proposed initial public offering (IPO).

According to the updated draft red herring prospectus (UDRHP) filed on Friday, the proposed IPO comprises a fresh issue of equity shares worth Rs.1,400 crore, along with an offer for sale (OFS) of up to 1.63 crore equity shares by promoter selling shareholders.

The company had filed preliminary papers with the Securities and Exchange Board of India (Sebi) through the confidential route on February 6 and received the regulator's observation letter, considered as an approval to float its IPO, on May 10, 2026, accord...