Bonfiglioli Transmissions is launching its initial public offering (IPO) from October 15 to October 19, 2026, with a price band set between ₹558 and ₹586 per share. The company, a major player in power transmission components, is offering shares worth ₹2,534 crore through an offer for sale (OFS) by its promoter, Bonfiglioli S.p.A. This IPO will not raise fresh capital for the company, as all proceeds will go to the selling shareholder.
- The IPO opens for public subscription on October 15 and closes on October 19, 2026.
- The price band is fixed at ₹558-586 per share.
- The entire issue is an offer for sale of up to 4.32 crore equity shares by the promoter.
- Shares will be listed on the BSE and NSE on October 23, 2026.
- Allocation: 50% for qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors.
What is the structure of Bonfiglioli Transmissions' IPO?
The IPO is a pure offer for sale (OFS) by the promoter, Bonfiglioli S.p.A. There is no fresh issue component, meaning the company itself will not receive any funds from the public offering. Up to 4.32 crore equity shares are being sold to investors. The allocation of shares is divided among different investor categories: 50% for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 35% for retail individual investors.
When will the shares be listed and who manages the IPO?
The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on October 23, 2026. The book-running lead managers for the issue are Axis Capital, BNP Paribas, ICICI Securities, and Jefferies India. These firms are responsible for managing the IPO process and ensuring smooth subscription and allotment.
Who is Bonfiglioli Transmissions and what products do they offer?
Bonfiglioli Transmissions is the Indian subsidiary of Italy-based Bonfiglioli S.p.A. It is one of India’s largest providers of technology-led mechanical and electro-mechanical power transmission and industrial drive solutions. The company manufactures precision-engineered gearboxes and drive systems used in various industries. Its products serve multiple sectors through three main business verticals: Industry and Automation Solutions, Mobility and Wind Industries, and the Selcom Group.
What recent changes have occurred in the company’s leadership?
Earlier in 2026, Bonfiglioli Transmissions appointed Ravindra Pisharody as Chairperson and Independent Director. Additionally, Rossella Schiavini and Sundaresan Ananthanarayanan joined the board as Independent Directors. These appointments aim to strengthen the company's governance and strategic direction.
What benefits does the company expect from the IPO listing?
According to the company’s Draft Red Herring Prospectus (DRHP), the listing of equity shares is expected to enhance Bonfiglioli Transmissions’ visibility and brand image. It will also provide liquidity and create a public market for the company’s shares in India, helping to attract more investors and improve market presence.
