Bonfiglioli Transmissions IPO is a Mainboard Book Built public issue by Bonfiglioli Transmissions Limited. The public issue consists of an Offer for Sale (OFS) of equity shares by certain existing shareholders. After the completion of the IPO process, the company’s equity shares are proposed to be listed on both the BSE and NSE.
The Offer for Sale enables eligible shareholders to partially reduce their shareholding, and the OFS proceeds will be received by the respective selling shareholders.
Bonfiglioli Transmissions Limited is among India’s leading power transmission and drive solutions providers with a wide network of manufacturing and service facilities. The company delivers integrated power transmission and motion control solutions through gearboxes, gearmotors, electric motors, and inverter systems spread across multiple locations in India.
Its product and solution portfolio offers applications across numerous industrial sectors, including wind energy, material handling, food and beverage, construction equipment, packaging, automation, and several other specialised engineering services. The company combines experienced engineering professionals with modern manufacturing infrastructure and advanced technology to provide comprehensive customer solutions.
The organised manufacturing and transmission industry in India continues to expand due to increasing industrial automation, higher infrastructure development spending, improving manufacturing capabilities, rising demand for energy efficiency, and growing demand for advanced engineering solutions. These factors are expected to create favourable long-term growth opportunities for organised industrial component providers. Investors should carefully analyse the company’s financial performance, business strategy, valuation, competitive strengths, and future expansion plans before making an investment decision.
Table of Contents
IPO Details
| Information | Detail |
| IPO Name | Bonfiglioli Transmissions IPO |
| Company Name | Bonfiglioli Transmissions Limited |
| IPO Type | Book Built Issue |
| IPO Category | Mainboard IPO |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹558 to ₹586 Per Share |
| Issue Size | ₹2,533.66 Crore |
| Fresh Issue | ₹0 |
| Offer for Sale | ₹2,533.66 Crore (4,32,39,042 shares by Bonfiglioli S.p.A.) |
| IPO Open Date | 15 October 2026 |
| IPO Close Date | 19 October 2026 |
| Anchor Investor Bidding | 14 October 2026 |
| Basis of Allotment | 21 October 2026 |
| Refund Initiation | 22 October 2026 |
| Shares Credited to Demat Account | 22 October 2026 |
| Listing Date | 23 October 2026 |
| Listing Exchange | BSE & NSE |
| Lot Size | 25 Equity Shares |
| Registrar | MUFG Intime India Private Limited |
| Book Running Lead Managers | ICICI Securities Ltd and other lead financial institutions |
The proceeds generated from the Offer for Sale will be received by the respective selling shareholders.
Bonfiglioli Transmissions IPO Dates
| IPO Event | Date |
| Anchor Investor Bidding | 14 October 2026 |
| IPO Opening Date | 15 October 2026 |
| IPO Closing Date | 19 October 2026 |
| Basis of Allotment | 21 October 2026 |
| Refund Initiation | 22 October 2026 |
| Shares Credited to Demat Account | 22 October 2026 |
| Listing Date | 23 October 2026 |
After the allotment process is completed, successful applicants will receive the allotted shares in their demat accounts before the company’s shares begin trading on the stock exchanges.
Bonfiglioli Transmissions IPO Reservation
| Investor Category | Reservation |
| Qualified Institutional Buyers (QIB) | Not More Than 50% |
| Non-Institutional Investors (NII) | Not Less Than 15% |
| Retail Individual Investors (RII) | Not Less Than 35% |
The final allocation under each investor category will depend on the number of valid applications received during the IPO subscription period.
Bonfiglioli Transmissions IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 25 Shares | ₹14,650 |
| Retail Maximum | 13 | 325 Shares | ₹1,90,450 |
| Small HNI (S-HNI) Minimum | 14 | 350 Shares | ₹2,05,100 |
| Small HNI (S-HNI) Maximum | 68 | 1,700 Shares | ₹9,96,200 |
| Big HNI (B-HNI) Minimum | 69 | 1,725 Shares | ₹10,10,850 |
The application values shown above are calculated using the upper price band of ₹586 per equity share.
Grey Market Premium (GMP)
| Date | GMP | Sub2 | Kostak |
|---|---|---|---|
| 10-Oct-2026 | ₹137.00 | ||
| 11-Oct-2026 | ₹175.00 | — | — |
| 12-Oct-2026 (Morning) | ₹170.00 | — | — |
| 12-Oct-2026 (Evening) | ₹150.00 | — | — |
| 13-Oct-2026 (Current) | ₹150.00 | — | — |
About Bonfiglioli Transmissions Limited
Bonfiglioli Transmissions Limited is one of India’s leading power transmission and drive solution providers, operating manufacturing plants and service facilities across several states. The company offers comprehensive motion control solutions ranging from standard gearboxes to advanced industrial drives and automation systems through its manufacturing units, assembly centres, and specialized engineering divisions.
The company provides transmission products across a broad range of industrial applications while focusing on quality manufacturing, advanced technology, clinical precision, and integrated power solutions. Its customer network serves both domestic and international markets through experienced engineering professionals, modern production infrastructure, and technology-enabled industrial solutions.
Over the years, Bonfiglioli Transmissions has expanded its presence through capacity additions, acquisitions, and investments in manufacturing infrastructure, enabling it to strengthen its position in India’s organised industrial engineering sector.
Business Operations
Bonfiglioli Transmissions Limited operates one of India’s integrated engineering networks offering diversified transmission services.
- Industrial Gearboxes – The company manufactures standard and custom gearboxes providing reliable power transmission across various industrial applications.
- Gearmotors – It offers integrated gearmotor solutions combining high-efficiency motors with advanced reduction gearboxes.
- Electric Motors – The company provides energy-efficient electric motors designed for diverse industrial and commercial uses.
- Planetary Drives – It delivers specialised planetary gearboxes for heavy-duty applications like wind turbines, construction equipment, and material handling.
- Inverters & Electronics – The company provides frequency inverters and motion control electronics for precise speed and torque regulation.
- Wind Energy Solutions – It operates dedicated manufacturing lines for wind turbine pitch and yaw drives.
- Mobile Equipment Drives – It manufactures hydraulic and mechanical drives tailored for agricultural and earthmoving machinery.
- Spare Parts & Services – The company provides comprehensive maintenance, spare parts support, and technical diagnostics for installed drive systems.
- Customised Solutions – Engineers design bespoke transmission systems addressing complex customer requirements across specialised sectors.
- Global Export Services – The company also supplies engineered components to international markets through dedicated export support programmes.
Industry Overview
India’s manufacturing and engineering industry continues to expand due to increasing industrial automation, rising infrastructure investments, growing energy efficiency standards, higher capital expenditure, urbanisation, and increasing demand for quality mechanical systems. The organised component sector is expected to benefit from rising demand for advanced drive technology, automation, and expansion of industrial infrastructure.
Increasing investments in manufacturing capacity, digital factory solutions, green energy, electric mobility, and specialized engineering facilities continue to create long-term growth opportunities for organised industrial providers.
Business Strategy
Bonfiglioli Transmissions Limited focuses on expanding its manufacturing network, increasing production capacity, strengthening engineering excellence, and enhancing customer care through continuous investment in industrial infrastructure and advanced technologies.
The company aims to improve operational efficiency, expand into new geographic markets, strengthen specialized transmission services, invest in digital manufacturing solutions, and enhance client experience. Through capacity expansion, strategic acquisitions, technology adoption, and quality delivery, the company seeks to achieve sustainable long-term growth in India’s organised industrial sector.
Bonfiglioli Transmissions IPO Financial Information
A company’s financial performance provides valuable insights into its revenue growth, profitability, operational efficiency, and financial stability. Reviewing financial statements over multiple years helps investors understand how the business has expanded and how effectively it has generated earnings from its operations.
Bonfiglioli Transmissions Financial Summary
| Particulars | FY2023 | FY2024 | FY2025 |
| Total Income | ₹1,701.80 Crore | ₹1,861.16 Crore | ₹2,023.59 Crore |
| EBITDA | ₹243.89 Crore | ₹295.07 Crore | ₹370.77 Crore |
| Profit After Tax (PAT) | ₹148.49 Crore | ₹195.16 Crore | ₹237.87 Crore |
| Net Worth | ₹801.36 Crore | ₹860.95 Crore | ₹992.99 Crore |
The company has reported consistent growth in revenue and profitability during recent financial years. Revenue from operations increased steadily, supported by higher order volumes, expansion of manufacturing capacity, and growth across specialised industrial sectors. Profitability also improved due to better operating efficiency and increased utilisation of production infrastructure. Investors should evaluate these financial results together with the company’s expansion strategy, competitive position, and valuation before making an investment decision.
Bonfiglioli Transmissions IPO Key Performance Indicators (KPIs)
Key Performance Indicators help investors assess the company’s profitability, operational efficiency, financial strength, and capital utilisation. These financial ratios provide additional insights into the company’s overall business performance.
| KPI | Value |
| Return on Equity (ROE) | 13.24% |
| Return on Capital Employed (ROCE) | 18.62% |
| Return on Net Worth (RoNW) | 23.96% |
| EBITDA Margin | 18.37% |
| PAT Margin | 11.90% |
| Earnings Per Share (EPS) | ₹12.65 |
| Price to Earnings (P/E) | 46.32x |
The company’s financial ratios indicate improving profitability and healthy operating margins. Return ratios reflect strong capital utilisation. Investors should analyse these financial indicators along with the company’s growth strategy, industrial sector outlook, and IPO valuation before making an investment decision.
Objects of the Bonfiglioli Transmissions IPO
The public offering consists entirely of an Offer for Sale (OFS):
- The proceeds from the Offer for Sale (OFS) will be received by the respective selling shareholders and will not form part of the company’s working capital funds.
- The listing is intended to achieve the benefits of listing equity shares on the stock exchanges and carrying out the OFS by the selling shareholders.
Bonfiglioli Transmissions IPO Listing Performance
The listing performance reflects how the company’s shares performed on the stock exchanges after the IPO. While listing gains indicate initial investor sentiment, long-term returns depend on the company’s financial performance, operational execution, expansion strategy, and future growth prospects.
| Particular | Value |
| Listing Exchange | BSE & NSE |
| Listing Date | 23 October 2026 |
| Issue Price | ₹586 Per Share |
| Listing Price | To be updated |
| Listing Gain | To be updated |
| Listing Gain (%) | To be updated |
The listing performance will be available after the company’s shares commence trading on the stock exchanges. Investors should focus on long-term business fundamentals rather than short-term listing movements.
Bonfiglioli Transmissions IPO Subscription Status
The subscription figures indicate the level of investor participation received during the IPO bidding period. Strong subscription generally reflects healthy market interest, although investment decisions should also consider valuation, financial performance, and long-term business prospects.
| Investor Category | Subscription |
| Qualified Institutional Buyers (QIB) | To be updated |
| Non-Institutional Investors (NII) | To be updated |
| Retail Individual Investors (RII) | To be updated |
| Total Subscription | To be updated |
The final subscription figures will be available after the IPO closes. They will provide an indication of investor participation across various categories.
Bonfiglioli Transmissions IPO Review
Bonfiglioli Transmissions Limited is one of India’s leading power transmission providers, offering comprehensive drive solutions through a large network of manufacturing units. The company provides industrial equipment across numerous engineering categories, supported by experienced professionals, modern manufacturing technology, and advanced infrastructure.
The company has steadily expanded its industrial footprint through capacity additions, acquisitions, and investments in technology. Its diversified product portfolio, broad geographic presence, and focus on quality engineering services have strengthened its position within India’s organised industrial sector.
The company has also demonstrated consistent growth in revenue and profitability while continuing to invest in facility expansion and specialized solutions. Rising industrial automation, increasing energy efficiency standards, growing demand for engineering systems, and expansion of organised manufacturing infrastructure are expected to support long-term industry growth.
However, investors should also consider factors such as raw material price volatility, rising operating costs, skilled workforce availability, expansion-related execution risks, and increasing competition in the industrial machinery industry before making an investment decision.
Overall, Bonfiglioli Transmissions Limited operates in a sector with favourable long-term growth prospects. Investors should carefully evaluate the company’s financial performance, valuation, competitive strengths, and future expansion strategy before investing.
Bonfiglioli Transmissions IPO Strengths
- One of India’s leading organised power transmission providers with a diversified manufacturing network.
- Presence across multiple industrial sectors and specialized drive applications.
- Strong brand recognition in the engineering sector backed by global parentage (Bonfiglioli S.p.A.).
- Consistent growth in revenue and operating performance.
- Experienced engineering professionals and advanced manufacturing infrastructure.
- Favourable long-term growth outlook for India’s organised manufacturing industry.
Bonfiglioli Transmissions IPO Risk Factors
- The manufacturing business is subject to regulatory and compliance requirements.
- Rising employee and raw material operating costs may impact profitability.
- Expansion projects require significant capital investment and effective execution.
- The company operates in a competitive industrial market.
- Dependence on skilled engineering professionals is critical for service quality.
- Changes in government industrial policies or trade frameworks may affect business performance.
Bonfiglioli Transmissions IPO Promoters
Bonfiglioli Transmissions Limited has been promoted by experienced industrial investors and professionals who have contributed to the company’s growth through expansion of production infrastructure, strategic acquisitions, and continuous investment in engineering services.
| Promoter | Designation |
| Sonia Bonfiglioli, Luciano Bonfiglioli, Luisa Lusardi | Promoter Group |
| Bon-FI S.R.L and Bonfiglioli S.P.A. | Promoter Group |
Bonfiglioli Transmissions IPO Management Team
The company is led by an experienced management team with expertise in industrial administration, manufacturing operations, finance, strategy, and corporate governance. The leadership team focuses on improving customer solutions, expanding infrastructure, operational efficiency, and long-term business growth.
| Name | Designation |
| Managing Director & CEO | Managing Director & Chief Executive Officer |
| Chairman | Chairman |
| Chief Financial Officer | Chief Financial Officer |
| Company Secretary | Company Secretary & Compliance Officer |
Bonfiglioli Transmissions IPO Registrar Details
The registrar is responsible for processing IPO applications, finalising the basis of allotment, crediting equity shares to successful applicants, initiating refunds, and handling investor-related services.
| Particular | Details |
| Registrar Name | MUFG Intime India Private Limited |
| Website | https://in.mpms.mufg.com |
| IPO Allotment Status | https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
| Email ID | [email protected] |
| Contact Number | +91-22-4161 2000 |
Bonfiglioli Transmissions IPO Lead Manager Details
The Book Running Lead Managers are responsible for managing the IPO process, coordinating regulatory compliance, and assisting the company throughout the public issue.
| Particular | Details |
| Lead Managers | ICICI Securities Ltd and associated lead financial institutions |
Bonfiglioli Transmissions Limited Contact Details
| Particular | Details |
| Company Name | Bonfiglioli Transmissions Limited |
| Registered Office | Chennai, Tamil Nadu, India |
| Website | https://www.bonfiglioli.com |
| Email ID | [email protected] |
How to Check Bonfiglioli Transmissions IPO Allotment Status
Investors can check the IPO allotment status after the basis of allotment is finalised through the registrar’s website or the BSE IPO portal.
Through MUFG Intime India Private Limited
- Visit the official MUFG Intime IPO allotment portal.
- Select Bonfiglioli Transmissions IPO from the IPO list.
- Choose PAN Number, Application Number, or DP/Client ID.
- Enter the required details.
- Click Submit to view the allotment status.
Through BSE
- Visit the official BSE IPO allotment page.
- Select Bonfiglioli Transmissions IPO from the list of IPOs.
- Enter your PAN Number or Application Number.
- Complete the verification process if required.
- Click Search to view the allotment result.
Bonfiglioli Transmissions IPO Conclusion
Bonfiglioli Transmissions IPO provides investors with an opportunity to invest in one of India’s established power transmission providers with a wide network of manufacturing plants and a diversified portfolio of drive solutions. The company has strengthened its market position through continuous expansion, experienced engineering professionals, modern production infrastructure, and strategic acquisitions.
Its broad industrial presence, comprehensive offerings, and exposure to the growing demand for quality manufacturing components provide a strong foundation for future growth. However, investors should also consider factors such as regulatory requirements, capital-intensive operations, competition, staffing requirements, and execution risks before making an investment decision.
A detailed assessment of the company’s financial performance, valuation, business strategy, industry outlook, and long-term expansion plans can help investors determine whether the IPO is suitable for their investment objectives.
Bonfiglioli Transmissions IPO FAQs
What is Bonfiglioli Transmissions IPO?
Bonfiglioli Transmissions IPO is the upcoming Mainboard public issue of Bonfiglioli Transmissions Limited, one of India’s leading power transmission and drive solution providers.
What is the price band of Bonfiglioli Transmissions IPO?
The IPO is priced in the range of ₹558 to ₹586 per equity share.
What is the issue size of Bonfiglioli Transmissions IPO?
The total issue size is ₹2,533.66 crore.
When will the Bonfiglioli Transmissions IPO open?
The IPO will open for subscription on 15 October 2026.
When will the Bonfiglioli Transmissions IPO close?
The IPO will close on 19 October 2026.
On which stock exchanges will Bonfiglioli Transmissions shares be listed?
The company’s equity shares are proposed to be listed on BSE and NSE.
Who is the registrar for the Bonfiglioli Transmissions IPO?
MUFG Intime India Private Limited is the registrar to the issue.
What is the face value of Bonfiglioli Transmissions IPO shares?
The face value of each equity share is ₹10.
What does Bonfiglioli Transmissions Limited do?
The company operates one of India’s leading networks of industrial power transmission facilities, providing gearboxes, gearmotors, electric motors, and drive solutions across multiple engineering sectors.
What are the objects of the Bonfiglioli Transmissions IPO?
The company intends to conduct an Offer for Sale where proceeds will be received by the selling shareholders.
