Bain Capital-Backed Dhoot Transmission Files Updated IPO Papers with SEBI
Auto component maker Dhoot Transmission, backed by Bain Capital, filed an updated IPO draft with SEBI to raise about $169 million in fresh equity and up to $250 million overall, including an offer‑for‑sale by the private‑equity sponsor. The fresh issue of ₹1,400 crore will generate ₹493.9 crore ($60 million) for debt repayment and ₹272.6 crore ($33 million) to fund subsidiaries, while ₹150 crore ($18 million) is earmarked for new wiring‑harness plants in Haryana and Tamil Nadu. Dhoot, which commands roughly 44.6% of India’s two‑ and three‑wheel wiring‑harness market, reported FY25 revenue of $415 million and profit of $43 million, up 62% and more than double year‑on‑year respectively. The shares will list on both BSE and NSE under a syndicate led by Axis Capital, Jefferies India and others.
Forum Energy Technologies (FET) Reports 8% Revenue Growth in Q1
Forum Energy Technologies (FET) posted Q1 2026 revenue of $209 million, an 8% year‑over‑year rise, and net income of $4 million, or $0.39 per diluted share. Adjusted for restructuring, net income was $6 million, or $0.47 per share, while adjusted EBITDA climbed 14%...
Lake Street Remains Bullish on Velo3D, Inc. (VELO) Post Q1 Results
Lake Street raised its price target on Velo3D (NASDAQ:VELO) to $20 from $18 and kept a Buy rating after the company posted its fiscal Q1 2026 results. Revenue climbed to $13.8 million, a 48% year‑over‑year increase, while gross margin reached 17.2%....
Hoka to Open More International Stores, Focus on Innovation as It ‘Further Elevates’ Positioning
Deckers Brands CEO Stefano Caroti outlined a multiyear growth framework through fiscal 2030, aiming for high‑single‑digit consolidated sales growth and low‑double‑digit expansion of its Hoka performance line. The plan emphasizes disruptive product innovation, a stronger lifestyle appeal, and a rapid...