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IPO ·
NSE, BSE
Bonfiglioli Transmissions Ltd
Listed
Makes gear motors, gearboxes, electric motors and drives for industrial automation, off-highway equipment and wind turbines.
Issue details
Price band
₹558 – ₹586
Face value
₹10
Lot size
25 shares
Minimum investment
₹14,650
Issue size
₹2,533.67 Cr
Fresh issue
—
Offer for sale
₹2,533.67 Cr
Issue type
Book Built
Exchange
NSE, BSE
Key dates
Opens
15 Oct 2026
Closes
19 Oct 2026
UPI mandate cut-off
5:00 PM on 19 Oct 2026
Allotment
21 Oct 2026
Refunds
22 Oct 2026
Shares in demat
22 Oct 2026
Listing
23 Oct 2026
Subscription and listing
Subscription
46.05x
Listing price
₹586
Registrar
MUFG Intime India Pvt Ltd
Lead manager
Axis Capital, BNP Paribas, ICICI Securities, Jefferies India
Subscription by category
QIB (Ex Anchor)
120.78x
NII
40.39x
bNII (> ₹10L)
46.44x
sNII (< ₹10L)
28.28x
Retail
5.90x
Employee
7.42x
Total
46.05x
Total applications
33,77,887
Anchor investors
Amount raised
₹759.26 Cr
Bid date
14 Oct 2026
50% lock-in ends
19 Nov 2026
Rest lock-in ends
18 Jan 2027
Listing day
Issue price
₹586
Open
₹586.00
High
₹607.00
Low
₹527.40
Day close
₹574.50
Listing gain at open
0.00%
Issue structure
Shares reserved per category and share of the total issue
QIB
2,15,94,520
49.94%
Anchor Investor
1,29,56,712
29.97%
QIB (Ex. Anchor)
86,37,808
19.98%
NII
64,78,357
14.98%
bNII > ₹10L
43,18,905
9.99%
sNII < ₹10L
21,59,452
4.99%
Retail
1,51,16,165
34.96%
Employee
50,000
0.12%
Total
4,32,39,042
100.00%
Finaccle’s quick read
Avoid
Business is healthy (CY25 PAT ₹237.87 Cr, up 22%, ROE 25.66%) but the ₹2,533.67 Cr issue is 100% OFS at a post-issue P/E of 37.07x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Bonfiglioli Transmissions is the Indian arm of Italy's Bonfiglioli group and makes gearboxes, gear motors, electric motors, drives and related power transmission products. It serves industrial and automation users, off-highway equipment makers and the wind energy industry. It runs three plants in Tamil Nadu and Maharashtra, employs about 1,032 people and reported income of over ₹2,000 Cr for the year to December 2025.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
25.66%
ROCE
18.62%
Debt / equity
—
PAT margin
11.90%
P/E post issue
37.07
Market cap
₹11,016.56 Cr
Use of IPO money
Offer for sale by Bonfiglioli SPA; company receives no proceeds
₹2,533.67 Cr
Strengths
✓
Backed by the global Bonfiglioli group and brand
✓
Steady growth with PAT up about 22% in CY25
✓
ROE of 25.66% and little reported debt
✓
Diversified across industrial, off-highway and wind segments
Risks to watch
!
Entire ₹2,533.67 Cr issue is OFS by the parent
!
Post-issue P/E of 37.07x and P/B above 10x
!
Wind and capital-goods demand can be cyclical
!
Reliance on parent for brand and technology
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.