Bonfiglioli Transmissions IPO
Bonfiglioli Transmissions IPO is a Mainboard book-built issue of ₹2,533.66 crore, consisting entirely of an Offer for Sale of 4,32,39,042 equity shares by the promoter selling shareholder, Bonfiglioli S.p.A. There is no fresh issue. The price band is ₹558
Bonfiglioli Transmissions IPO Details
Bonfiglioli Transmissions IPO bidding is scheduled to start on October 15, 2026, and end on October 19, 2026. The allotment is expected to be finalized on October 21, 2026. Refund initiation and credit of shares to Demat accounts are scheduled for October 22, 2026, while the shares are expected to list on BSE and NSE on October 23, 2026.
Bonfiglioli Transmissions IPO GMP
Bonfiglioli Transmissions IPO GMP was reported at ₹160 on October 12, 2026. Based on the upper price band of ₹586, this would indicate an unofficial estimated listing price of ₹746. Grey market premiums are not regulated or guaranteed, and the actual listing price may differ significantly from the indicative estimate.
Bonfiglioli Transmissions IPO Timeline (Tentative)
Bonfiglioli Transmissions IPO is scheduled to open for subscription on October 15, 2026, and close on October 19, 2026. The basis of allotment is expected on October 21, refunds are scheduled to begin on October 22, and shares are expected to be credited to successful applicants' Demat accounts on the same day. The shares are tentatively scheduled to list on BSE and NSE on October 23, 2026.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Thu, Oct 15, 2026 |
| IPO Close Date | Mon, Oct 19, 2026 |
| Basis of Allotment | Wed, Oct 21, 2026 |
| Initiation of Refunds | Thu, Oct 22, 2026 |
| Credit of Shares to Demat | Thu, Oct 22, 2026 |
| Listing Date | Fri, Oct 23, 2026 |
Bonfiglioli Transmissions IPO Lot Size
The Bonfiglioli Transmissions IPO lot size is 25 shares. At the upper price band of ₹586 per share, one lot requires a minimum investment of ₹14,650. Retail investors can apply for up to 13 lots, or 325 shares, amounting to ₹1,90,450. The minimum application amount for small HNI investors is ₹2,05,100 for 350 shares, while the reported minimum for big HNI investors is ₹10,10,850 for 1,725 shares.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 25 | 14,650 |
| Retail (Max) | 13 | 325 | 1,90,450 |
| S-HNI (Min) | 14 | 350 | 2,05,100 |
| S-HNI (Max) | 68 | 1,700 | 9,96,200 |
| B-HNI (Min) | 69 | 1,725 | 10,10,850 |
Bonfiglioli Transmissions IPO Reservation
Bonfiglioli Transmissions IPO comprises an offer for sale of 4,32,39,042 equity shares. The net offer is divided among qualified institutional buyers, non-institutional investors and retail individual investors, with 50% reserved for QIBs, 15% for NIIs and 35% for retail investors. A separate employee reservation of 50,000 shares is also reported, with an employee discount of ₹29 per share to the final issue price.
Bonfiglioli Transmissions IPO Subscription
Bonfiglioli Transmissions IPO is scheduled to open for subscription on October 15, 2026. As of October 12, 2026, bidding has not started, so category-wise subscription figures are not yet available. The subscription table can be updated once bidding opens and exchange data is published.
| Category | Subscription (times) |
|---|---|
| QIB | |
| NII | |
| RII | |
| Total |
About Bonfiglioli Transmissions
Bonfiglioli Transmissions Limited provides mechanical and electro-mechanical power transmission and industrial drive solutions. The company manufactures precision-engineered gear motors, gearboxes and drive systems for original equipment manufacturers (OEMs) and industrial end-users. It operates as part of the Bonfiglioli Group, an international engineering group headquartered in Italy.
The company's business is organised across three main segments: Industry & Automation, Off-Highway Mobility and Wind. The Industry & Automation segment supplies drive and transmission products for industrial machinery and automation applications. The Off-Highway Mobility segment serves equipment used in construction, agriculture and other heavy-duty applications, while the Wind segment supplies drive systems used in wind turbines.
Its product portfolio includes gear motors, helical and bevel gearboxes, planetary gearboxes, worm gearboxes, electric motors, variable-frequency drives, servo solutions, track drives, swing drives and yaw and pitch drives. These products support industrial motion control and power transmission requirements across a range of end-use industries.
The company has manufacturing and assembly facilities in Tamil Nadu and Maharashtra. Its connection with the wider Bonfiglioli Group provides access to engineering expertise and product-development capabilities. The company serves customers through direct sales, dealer networks and group relationships, with exposure to domestic and export markets.
Strengths
- Established association with the international Bonfiglioli Group and its engineering capabilities.
- Diversified product portfolio serving industrial automation, off-highway mobility and wind energy.
- Specialised gearboxes, gear motors and drive systems designed for different industrial applications.
- Manufacturing and assembly facilities across Tamil Nadu and Maharashtra.
- Exposure to industrial equipment, automation and wind-energy demand.
- Established business relationships with OEMs and industrial customers.
Risks to Consider
- Business performance is exposed to changes in industrial demand and customer capital expenditure.
- The company operates in competitive power transmission and industrial drive markets.
- Raw material prices, manufacturing costs and supply-chain disruptions may affect profitability.
- Demand from construction, agriculture, industrial automation and wind-energy customers may fluctuate.
- Dependence on the wider Bonfiglioli Group may affect certain business and technology relationships.
- The IPO is entirely an offer for sale, so the company will not receive proceeds from the shares being sold.
Bonfiglioli Transmissions Financials (₹ Cr)
Bonfiglioli Transmissions reported revenue of ₹1,701.80 crore and profit after tax of ₹148.49 crore for the year ended December 2023. Revenue increased to ₹1,861.16 crore in December 2024 and ₹2,023.59 crore in December 2025, while profit after tax rose to ₹195.16 crore and ₹237.87 crore, respectively. For the six months ended June 2026, the company reported revenue of ₹1,139.17 crore and profit after tax of ₹148.58 crore.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2023 | 1,701.80 | 148.49 | 1,414.72 | 801.36 |
| FY2024 | 1,861.16 | 195.16 | 1,299.08 | 860.95 |
| FY2025 | 2,023.59 | 237.87 | 1,439.46 | 992.99 |
| FY2026 | 1,139.17 | 148.58 | 1,495.82 | 1,034.27 |
KPIs & Valuation
Bonfiglioli Transmissions has reported growth in revenue and profit across the financial periods shown above. The IPO price band is ₹558–₹586 per share, and the reported issue size at the upper price band is approximately ₹2,533.66 crore. The pre-IPO EPS, post-IPO EPS and price-to-earnings ratios should be taken from the final offer-document calculations; they are left blank here rather than inferred from inconsistent secondary figures.
Objects of the Issue
The Bonfiglioli Transmissions IPO is an offer for sale by the existing promoter selling shareholder, Bonfiglioli S.p.A. The offer comprises 4,32,39,042 equity shares and does not include a fresh issue. Consequently, the company will not receive the proceeds from the offer; the sale proceeds will go to the selling shareholder. The company proposes to facilitate the offer for sale for the following purposes:
- Provide an opportunity for the promoter selling shareholder to sell a portion of its shareholding.
- Facilitate the listing of Bonfiglioli Transmissions equity shares on BSE and NSE.
- Establish a public market for the company's equity shares.
Promoters, Lead Managers & Registrar
Bonfiglioli Transmissions Limited is promoted by Sonia Bonfiglioli, Luciano Bonfiglioli, Luisa Lusardi, Bon-FI S.r.l. and Bonfiglioli S.p.A. The IPO's book-running lead managers are Axis Capital Limited, BNP Paribas, ICICI Securities Limited and Jefferies India Private Limited. MUFG Intime India Private Limited is the registrar to the issue.
Promoters
Lead Managers (BRLM)
Registrar
| Name | MUFG Intime India Private Limited |
|---|---|
| Phone | +91 810 811 4949 |
| bonfigliolitransmissions.ipo@in.mpms.mufg.com | |
| Website | https://in.mpms.mufg.com/ |
Bonfiglioli Transmissions IPO Review
Bonfiglioli Transmissions operates in the industrial power transmission market, with products used in industrial automation, off-highway equipment and wind energy. Its specialised product range and association with the international Bonfiglioli Group are key considerations for investors evaluating the company's business position.
The company serves multiple industrial segments, which provides exposure to different sources of demand. Its products are used in industrial machinery, construction and agricultural equipment, and wind turbines. However, performance may depend on customer capital expenditure, industrial activity, competition and the pace of investment across these end markets.
The company's reported financial performance has remained profitable. For the year ended December 2025, revenue was approximately ₹2,013.52 crore and profit after tax was ₹237.87 crore. For the six months ended June 2026, revenue was ₹1,131.87 crore and profit after tax was ₹148.58 crore. Investors should compare these results with the full restated financial statements and assess the company's margins, cash flows and valuation.
The IPO is structured entirely as an offer for sale, meaning the company will not receive the issue proceeds for expansion or debt repayment. Investors should consider the offer price, financial performance, business risks and post-issue shareholding before making an investment decision. The grey market premium, if available, is unofficial and should not be treated as a guarantee of listing gains.
How to Apply
Bonfiglioli Transmissions IPO applications can be submitted through a supported stockbroker or bank using the ASBA or UPI process, subject to platform availability and applicable IPO rules. The minimum retail application is one lot of 25 shares, requiring ₹14,650 at the upper price band of ₹586.
Through UPI
-
Log in to your stockbroker app or website.
-
Go to the IPO section.
-
Select Bonfiglioli Transmissions IPO.
-
Enter the number of lots you want to apply for.
-
Select the bid price. Retail investors can generally choose the cut-off option when available.
-
Enter your valid UPI ID.
-
Submit the IPO application.
-
Open your UPI app when the mandate request arrives.
-
Approve the mandate using your UPI PIN before the deadline.
-
The application amount will be blocked in your bank account. If shares are allotted, the required amount will be debited; otherwise, the blocked amount will be released.
Prospectus & Documents
Investors can refer to the company's offer documents and official investor-relations disclosures for detailed information about its business, financial performance, risk factors, IPO structure and offer-for-sale terms. The company's published DRHP is available through its official website. Investors should review the final offer document for the latest issue terms and disclosures.
Last updated Oct 12, 2026.