Q1. What is the business of Bonfiglioli Transmissions Limited?

It’s a leading technology‑led mechanical and electro‑mechanical power transmission and industrial drive solutions provider making gearboxes and drives for automation, mobility and wind sectors.

Q3. What is the size of the issue and where will it list?

The issue size of the IPO comprises entirely as Offer for Sale of up to ~4.69 Cr equity shares. It will be listed on BSE and NSE platform.

Q4. What are the key risks to an investor?

Key risks include no fresh capital for growth, cyclic industrial demand, raw material cost swings and valuation pressures vs peers.

Q5. What are the potential upsides?

Upsides include leadership in renewable & automation verticals, strong OEM ties, domestic manufacturing scale and global technology backing.

Q6. How to apply for the IPO?

Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.

Bonfiglioli Transmissions Limited: New IPO, Price, Profit, Analysis, GMP, IPO Score IPO Corner

Closed

Bonfiglioli Transmissions Limited: New IPO, Price, Profit, Analysis, GMP, IPO Score

Market Cap

~₹ 11,000 Cr

IPO Issue Size

₹ 2,533.66 Crores

Expected Price by IPOCorner

₹ 396 – 499

IPO Score

*Score varies on actual price

Bonfiglioli Transmissions Limited is a technology‑led provider of mechanical and electro‑mechanical power transmission and industrial drive solutions. It manufactures a wide range of precision‑engineered gearboxes and drive systems used across major sectors such as Industry & Automation, Off‑Highway Mobility, and Wind Industries, serving OEMs and end‑users across markets.

Bonfiglioli Transmissions Limited was incorporated in 1999 & currently Mr. Ravindra Pisharody serves as the Chairperson of the company.

Bonfiglioli Transmissions Limited filed its DRHP with SEBI on February 09, 2026. The IPO features entirely as an Offer‑for‑Sale (OFS) of ₹ 2,533.66 Crores Equity Shares by promoters, with no fresh capital being raised by the company.

It designs and manufactures precision‑engineered gearboxes, drive systems and power transmission solutions for industrial automation, off‑highway mobility and wind energy sectors. It has a multi‑plant presence in India with facilities in Chennai, Mannur, and Pune and a broad distributor network spanning India and global markets, serving OEMs and end‑users; it’s reported as one of the largest gearbox manufacturers in India in its segments.

Subscription date to apply for Bonfiglioli Transmissions Limited starts on 15th Oct’26 & closes on 19th Oct’26. Price band for the IPO is ₹558 to ₹586 with a lot size of 25 Shares.
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Year	2025
Networth	₹ 853.09 Cr
Revenue	₹ 1864.07 Cr
EBITDA	₹ 293.06 Cr
PAT	₹ 191.12 Cr
EBITDA Margin	15.72%
PAT Margin	10.21%
Face Value	Rs.10 per Equity Share

IPO Important Dates

#	Date
Open Date	15-Oct'26
Close Date	19-Oct'26
Anchor Investor Bidding	14-Oct'26
Allotment Date	21-Oct'26
Refunds& Demat Credit	22-Oct'26
Tentative Listing Date	23-Oct'26

Use Of Proceeds

Purpose	Amount
-	-
-	-
-	-
-	-
-	-
General Corporate Purpose	Balance

Financial Data

#	2023	2024	2025
Revenue (₹ Cr)	₹ 1,558.8	₹ 1,687.5	₹ 1,864.1
PAT (₹ Cr)	₹ 168.8	₹ 147.7	₹ 191.1
Asset (₹ Cr)	₹ 1,221.8	₹ 1,395.9	₹ 1,269.8
Net Worth (₹ Cr)	₹ 725.4	₹ 805.3	₹ 853.1

IPO Grey Market Premium

Date	IPO Price	IPO GMP	Profit Per Lot
19-Oct	₹ 558 - ₹ 586	₹ 120	₹ 3,000
18-Oct	₹ 558 - ₹ 586	₹ 132	₹ 3,300
17-Oct	₹ 558 - ₹ 586	₹ 130	₹ 3,250
16-Oct	₹ 558 - ₹ 586	₹ 130	₹ 3,250
15-Oct	₹ 558 - ₹ 586	₹ 180	₹ 4,500

Pros

Leader in a niche industrial engineering segment with precision products for automation and mobility.
Strong legacy and backing from global Bonfiglioli Group with over 70 years of brand presence.
Diverse end‑user markets including industrial, infrastructure, renewable energy and machinery sectors.
Large manufacturing footprint in India with continued expansion plans aligned to “Make in India”.
Solid revenue growth and profitability reported ahead of IPO filing, indicating operational strength.

Cons

IPO is a pure offer‑for‑sale (OFS) – no fresh capital raised for business expansion.
Price band and subscription dates not yet disclosed, adding uncertainty for investors.
Highly capital‑intensive industrial sector with cyclic demand and competitive pressures.
Heavy reliance on OEM and industrial demand, which can fluctuate with economic cycles.
Foreign promoter stake sale means limited direct growth funding from listing proceeds.

Promoters – Pre offer equity (Approx)

Promoters	% Shares
Bonfiglioli S.P.A.	100.00%
-	-
-	-
-	-
-	-
-	-

Lot Size details

Application Type	Lot Size	No. of Lot	No. of Shares	Investment Amount
Retail (Min)	25 Shares	1	25 Shares	₹ 13,950
Retail (Max)	25 Shares	13	325 Shares	₹ 1,90,450
HNI (Min)	25 Shares	14	350 Shares	₹ 1,95,300
HNI (Max)	25 Shares	66	1,650 Shares	₹ 9,66,900
Big HNI (Min)	25 Shares	67	1,675 Shares	₹ 9,34,650

Key Performance Index (KPI)

ROE	23.05%
ROCE	30.28%
RoNW	22.40%

Lead / Book Running Lead Managers

Axis Capital Limited, BNP Paribas ICICI Securities Limited, Jefferies India Private Limited

Registrar (RTA)

MUFG Intime India Private Limited

Q1. What is the business of Bonfiglioli Transmissions Limited?
It’s a leading technology‑led mechanical and electro‑mechanical power transmission and industrial drive solutions provider making gearboxes and drives for automation, mobility and wind sectors.

Q2. Why is the company raising funds via IPO?

Bonfiglioli Transmissions is raising funds via IPO as a pure Offer for Sale, enabling promoter stake reduction, boosting visibility and creating a public market for its shares; the company won’t receive proceeds.

Q3. What is the size of the issue and where will it list?
The issue size of the IPO comprises entirely as Offer for Sale of up to ~4.69 Cr equity shares. It will be listed on BSE and NSE platform.
Q4. What are the key risks to an investor?
Key risks include no fresh capital for growth, cyclic industrial demand, raw material cost swings and valuation pressures vs peers.
Q5. What are the potential upsides?
Upsides include leadership in renewable & automation verticals, strong OEM ties, domestic manufacturing scale and global technology backing.
Q6. How to apply for the IPO?
Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.