According to @business, Dhoot Transmission has appointed four banks to arrange its initial public offering in Mumbai, citing people familiar with the matter. Source: Bloomberg (@business), Sep 24, 2025. Bloomberg also reports the offering is around $250 million and notes the company is Bain-backed. Source: Bloomberg (@business), Sep 24, 2025. In India’s IPO process, appointing book-running lead managers typically precedes filing a draft red herring prospectus with SEBI, signaling a move toward launch. Source: SEBI ICDR Regulations. The report does not cite any direct cryptocurrency implications, while India ranks as the top crypto adoption market by activity, a context crypto traders monitor for sentiment spillovers. Source: Bloomberg (@business), Sep 24, 2025; Chainalysis, 2023 Geography of Cryptocurrency Report.