The Bonfiglioli Transmissions IPO is a ₹2,533.66 crore book-built issue, structured entirely as an Offer for Sale (OFS) of 4.32 crore equity shares to allow current shareholders to divest their stakes. Investors can bid for the issue starting October 15, 2026, until the subscription period closes on October 19, 2026. As per the tentative timeline, share allotments will likely be finalized on October 21, 2026, followed by a dual listing on the NSE and BSE scheduled for October 23, 2026.
The shares are priced in a band of ₹558 to ₹586 each, with a minimum application size fixed at 25 shares, requiring retail investors to commit at least ₹14,650 at the upper price limit. Axis Capital Ltd. is leading the offering as the book-running manager, while MUFG Intime India Pvt. Ltd. will oversee registration and share distribution as the official registrar. Prospective investors tracking key details—such as the price band, lot sizes, and important dates—are encouraged to thoroughly check the official offer documents before making an investment choice.
Bonfiglioli Transmissions Business IPO Allotment Status
| Company Name | Allotment Date | Listing Date | Registrar (Check Link) |
|---|---|---|---|
| Bonfiglioli Transmissions | Wed, Oct 21, 2026 | Fri, Oct 23, 2026 | https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
Bonfiglioli Transmissions IPO Overview
| Details | Descriptions |
|---|---|
| IPO Date | 15 to 19 Oct, 2026 |
| Listing Date | Fri, Oct 23, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹558 to ₹586 |
| Lot Size | 25 Shares |
| Sale Type | OFS only |
| Total Issue Size | 4,32,39,042 shares (agg. up to ₹2,534 Cr) |
| Offer for Sale | 4,32,39,042 shares of ₹10 (agg. up to ₹2,534 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹29.00 |
| Share Holding Pre Issue | 18,79,95,834 shares |
| Share Holding Post Issue | 18,79,95,834 shares |
Bonfiglioli Transmissions IPO Schedule
| Details | Description |
|---|---|
| IPO Open Date | Thu, Oct 15, 2026 |
| IPO Close Date | Mon, Oct 19, 2026 |
| Tentative Allotment | Wed, Oct 21, 2026 |
| Initiation of Refunds | Thu, Oct 22, 2026 |
| Credit of Shares to Demat | Thu, Oct 22, 2026 |
| Tentative Listing Date | Fri, Oct 23, 2026 |
Bonfiglioli Transmissions Lot Size Details
| 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 | 1700 | ₹9,96,200 |
| B-HNI (Min) | 69 | 1725 | ₹10,10,850 |
Issue Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Offer |
| NII | Not less than 15% of the Offer |
| Retail | Not less than 35% of the Offer |
Bonfiglioli Transmissions IPO GMP Trend
| GMP Date | IPO Price | GMP | Est. Listing Price | Est. Profit* |
|---|---|---|---|---|
| 13-Oct 10:31 | ₹586 | ₹155 (26.45%) ─ | ₹741 | ₹3,875 |
| 12-Oct 10:37 | ₹586 | ₹155 (26.45%) ▼ | ₹741 | ₹3,875 |
| 11-Oct 21:37 | ₹586 | ₹175 (0.00%) ▲ | ₹741 | ₹0 |
| 10-Oct 23:37 | ₹586 | ₹137 (0.00%) ─ | ₹137 | ₹0 |
Investor Category Reservations
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹5 Lakhs | Yes |
| Employee + RII/NII | Up to ₹5Lakhs (EMP) + RII/NII limits | Yes (EMP/RII) |
Overview of Bonfiglioli Transmissions
Bonfiglioli Transmissions Ltd is a technology-focused company in India that specializes in mechanical and electro mechanical power transmission solutions. The company designs and manufactures high-precision gearboxes, electric motors, and advanced drive systems used in a wide range of industrial applications. Its products are built to deliver reliable performance in demanding operating environments where efficiency, durability, and precision are essential.
By combining advanced engineering capabilities with local market knowledge, Bonfiglioli provides power transmission solutions to several important industries, including industrial automation, construction equipment, agriculture, material handling, and renewable energy.
Extensive Product Portfolio of Bonfiglioli Transmissions Ltd
Bonfiglioli offers a diverse range of industrial drive products and power transmission components, with torque capacities ranging from 13 Nm to 1,400 kNm. This broad portfolio enables the company to serve businesses with different operational requirements, from standard industrial processes to heavy-duty applications.
Its major product categories include:
- Industrial Gearboxes and Motors: The Company manufactures helical, bevel, planetary, and worm gearboxes designed for light, medium, and heavy-duty industrial operations.
- Electric Motors and Servo Systems: Its portfolio includes high-performance electric motors, servo motors, and servo drives that support accurate motion control and efficient machine operation.
- Automation and Drive Solutions: Bonfiglioli provides variable frequency drives (VFDs) and precision drive systems used in robotics, automated production lines, and other advanced industrial applications.
This wide product range allows the company to meet the needs of customers across multiple industries while offering solutions for different levels of power, torque, and operational complexity.
Major Business Segments and Market Presence
Bonfiglioli Transmissions Ltd serves three principal business segments, each catering to specific industrial and infrastructure requirements.
1. Industry and Automation Solutions
The company supplies industrial drives and gearboxes to original equipment manufacturers (OEMs) as well as businesses that use these products in their own operations. Its solutions support a variety of industrial processes, including manufacturing, machinery operation, and automated production systems.
2. Off-Highway Mobility
Bonfiglioli develops heavy-duty drive systems for equipment used in construction, agriculture, and material handling. These applications require dependable components that can withstand challenging working conditions and maintain consistent performance.
3. Wind Energy
The company also serves the renewable energy sector by supplying specialized planetary pitch and yaw drives for wind turbines. These components help control turbine blade positioning and nacelle orientation, supporting the efficient operation of wind power installations.
By operating across these three segments, Bonfiglioli caters to a broad customer base and participates in several important industrial markets.
Manufacturing Facilities and Production Capacity
Bonfiglioli Transmissions Ltd operates three manufacturing facilities in India, providing the infrastructure needed to support its production and customer requirements.
The company’s manufacturing locations include:
- Tamil Nadu: Production units in Thirumudivakkam and Mannur.
- Maharashtra: A manufacturing facility in Talegaon.
During Fiscal Year 2025 (FY2025), these three facilities collectively produced more than 341,133 gearboxes and gear motors, highlighting the company’s manufacturing capabilities and established presence in the Indian market.
To maintain production efficiency and product quality, Bonfiglioli also depends on a well-developed supplier network. As of June 30, 2026, the company worked with 285 suppliers worldwide. This network included 215 domestic suppliers in India and 70 international suppliers from countries such as Italy, China, the United States, and Germany.
The combination of local manufacturing and international sourcing helps the company access essential components, technical expertise, and materials required for its operations.
Pan-India Sales Network and Customer Support
Bonfiglioli places significant emphasis on customer service, product support, and after-sales assistance. Its nationwide network helps the company stay connected with industrial customers and provide support throughout the product lifecycle.
As of June 30, 2026, the company’s network comprised 71 customer touchpoints nationwide, including:
- 3 manufacturing facilities.
- 13 strategic sales offices, including direct units located at factory sites.
- 13 authorized third-party service centers.
- 44 authorized dealers operating 54 retail outlets.
The company also had a workforce of 1,032 people, including on-roll employees and specialized contract workers. These personnel support various functions, such as engineering, manufacturing, quality assurance, daily operations, and customer service.
This combination of sales offices, authorized dealers, and service centers enables Bonfiglioli to maintain customer relationships and provide assistance across different regions of India.
Key Competitive Strengths of Bonfiglioli Transmissions Ltd
Bonfiglioli’s position in the power transmission market is supported by several business strengths that contribute to its industrial capabilities and customer relationships.
- Comprehensive Product and Service Offerings
- Diversified Industrial Applications
- Established Brand and Research Capabilities
- Long-Term Customer Relationships
- Modern Manufacturing Infrastructure
- Experienced Management Team
Company Financials
Bonfiglioli Transmissions Financial Information (Restated Standalone)
| Period Ended | 30 Jun 2026 | 31 Dec 2025 | 30 Jun 2025 | 31 Dec 2024 | 31 Dec 2023 |
|---|---|---|---|---|---|
| Assets | 1,495.82 | 1,439.46 | 1,387.94 | 1,299.08 | 1,414.72 |
| Total Income | 1,139.17 | 2,023.59 | 966.50 | 1,861.16 | 1,701.80 |
| Profit After Tax | 148.58 | 237.87 | 114.97 | 195.16 | 148.49 |
| EBITDA | 223.87 | 370.77 | 176.43 | 295.07 | 243.89 |
| NET Worth | 1,034.27 | 992.99 | 875.45 | 860.95 | 801.36 |
| Reserves and Surplus | 846.27 | 867.66 | 750.12 | 735.62 | 670.24 |
| Total Borrowing | 110.79 |
Key Performance Indicator (KPI)
The market cap. of Bonfiglioli Transmissions IPO is for Pre IPO ₹11,016.56 Cr., & for Post IPO ₹11,016.56 Crores.
KPI as of Jun 30, 2026, & Mar 31, 2026
| KPI | Dec 31, 2025 | Jun 30, 2026 |
|---|---|---|
| ROE | 13.24% | 14.66% |
| ROCE | 18.62% | 20.03% |
| RoNW | 23.96% | 14.37% |
| PAT Margin | 11.90% | 13.04% |
| EBITDA Margin | 18.37% | 19.78% |
| NAV | 52.82 | 55.02 |
| P/B (x) | 11.09 | 10.65 |
IPO Valuation & Shareholding Structure
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 12.65 | – |
| P/E (x) | 46.32 | – |
| Company Promoters: | Sonia Bonfiglioli, Luciano Bonfiglioli, Luisa Lusardi, Bon-FI S.R.L and Bonfiglioli S.P.A. | |
| Promoter and Promoter Group | 100% | 77% |
| Public | – | 33% |
| Total | 100% | 100% |
Offer For Sale – Selling Shareholders
| Name | Category | No. of Shares Offered | Amount |
|---|---|---|---|
| Amrit Pratik Acharya | Promoter | 1,42,30,672 | ₹ 214.88 cr. |
| Srinath Ramakkrushnan | Promoter | 1,42,30,672 | ₹ 214.88 cr. |
| Creovate Innovation Pvt.Ltd. | Promoter | 2,29,74,820 | ₹ 346.92 cr. |
| Peak XV Partners Investments V (Formerly known as SCI Investments V) | Corporate | 1,76,11,820 | ₹ 265.94 cr. |
| Lightspeed Venture Partners Select IV Mauritius | Corporate | 1,35,29,722 | ₹ 204.30 cr. |
Bonfiglioli Transmissions IPO Objectives
The Bonfiglioli Transmissions Ltd. IPO is a 100% Offer for Sale (OFS), so the company will not receive any funding and the entire IPO proceeds will go to the selling shareholders.
Bonfiglioli Transmissions IPO Contact Details
- Bonfiglioli Transmissions Ltd. Address
- Plot No.AC7-AC11,
- SIDCO Industrial Estate,
- Thirumudivakkam
- Kancheepuram, Tamil Nadu, 600132
- 63858 63934
- btl.secretarial@bonfiglioli.com
- Website: https://www.bonfiglioli.in/en
Bonfiglioli Transmissions IPO Registrar
MUFG Intime India Pvt.Ltd.
| Details | Descriptions |
|---|---|
| Phone: | 022-49186000 |
| Email: | bonfigliolitransmissions.ipo@in.mpms.mufg.com |
| Website: | https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
Bonfiglioli Transmissions IPO FAQs
When Bonfiglioli Transmissions IPO become available?
The IPO will open on Thu, Oct 15, 2026.
What is the minimum lot size for the Bonfiglioli Transmissions IPO?
The minimum lot size is 25 shares.
When will the shares for the Bonfiglioli Transmissions IPO be allotted?
The allotment is expected to be finalized on Wed, Oct 21, 2026
What is the expected listing date for the Bonfiglioli Transmissions IPO?
The tentative listing date is Fri, Oct 23, 2026.
How can I apply for the Bonfiglioli Transmissions IPO?
You can apply online through your bank or a broker using either the UPI or ASBA payment methods.
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