Bonfiglioli Transmissions Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹558 - ₹586
- Lot size
- 25 shares
- Issue amount
- ₹2,533.66 cr
- Total subscription
- 46.06×
- Opens
- 15 Oct 2026
- Closes
- 19 Oct 2026
- Allotment
- 21 Oct 2026
- Listing
- 23 Oct 2026
Offer at a glance
Issue overview
- Issue size
- 4,32,39,042 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹13,950
- Fresh issue
- ₹0 cr
- Offer for sale
- ₹2,533.66 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,650
- Issue type
- Bookbuilding IPO
- Shares before issue
- 18,79,95,834
- Shares after issue
- 18,79,95,834
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 25 | ₹14,650 |
| sHNI | 14 | 350 | ₹2,05,100 |
| bHNI | 69 | 1,725 | ₹10,10,850 |
Share reservation
Subscription & GMP
Subscription by category
Reported 19 Oct 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 6,04,647 | 31,50,986 |
| EMPLOYEES | 0 | 10,074 |
| HNIs(10L +) | 12,340 | 1,15,231 |
| HNIs (2-10L) | 6,170 | 1,69,961 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 506.18 | 61,137.89 |
| RETAIL | 885.81 | 5,231.32 |
| NIB | 379.63 | 15,235.14 |
| HNIs 2+ | 126.54 | 3,582.98 |
| HNIs 10+ | 253.09 | 11,752.94 |
| EMPLOYEES | 2.93 | 21.77 |
| HNIs | 379.63 | 15,335.92 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Jun-26 | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|---|
| EPS | 7.9 | 12.65 | 10.08 | 7.57 |
| ROE | 0 | 0 | 0 | 0 |
| ROCE | 20.03 | 34.05 | 30.05 | 24.53 |
| RONW | 14.37 | 23.96 | 22.25 | 18.3 |
| PRE IPO(PE) | 0 | 0 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Bonfiglioli Transmissions Limited | 0 | 0 | 10.00 | 52.82 | 23.96 | 12.65 |
| Elecon Engineering Company Limited | 31.63 | 0 | 1.00 | 102.65 | 14.81 | 15.20 |
| Shanthi Gears Limited | 63.39 | 0 | 1.00 | 57.36 | 17.42 | 9.99 |
| Schaeffler India Limited | 53.74 | 0 | 2.00 | 386.94 | 19.02 | 73.60 |
| Timken India Limited | 57.66 | 0 | 10.00 | 403.31 | 13.68 | 55.16 |
Company information
Company profile
Bonfiglioli Transmissions Ltd is a leading technology-driven company in India providing mechanical and electro-mechanical power transmission and industrial drive solutions, designing and manufacturing high-precision, mission-critical gearboxes and drive systems for diverse industries; its product portfolio includes low, medium, and heavy-duty gear motors and gearboxes with torque capacities from 13 Nm to 1,400 kNm, Helical, bevel, planetary, and worm gearboxes, electric motors, variable frequency drives, servo motors, and precision drives for robotics and automation. The company serves three main segments—Industry and Automation Solutions, Off-Highway Mobility, and Wind Industry—and is among the largest gearbox and drive manufacturers in India for OEMs and end-users. It operates three manufacturing facilities in Tamil Nadu (Thirumudivakkam and Mannur) and Maharashtra (Talegaon), producing over 330,000 gear motors and gearboxes in FY24, and provides after-sales support through in-house service engineers across 13 sales offices, including the three manufacturing sites. In the nine months ended September 30, 2025, the company served more than 1,000 customers, including top OEMs such as ElectroMech Material Handling Systems, GMM Pfaudler, Milltec Machinery, Terex India, and Ammann India
Strengths
- End-to-End Power Transmission Solutions: The Company is India’s largest manufacturer of gearboxes and drives for OEMs across the Industry & Automation, Off-Highway Mobility and Wind sectors by revenue. It provides technology-driven power transmission systems and customised industrial drive solutions.
- Wide & Diversified Product Portfolio: Manufactures a broad range of precision-engineered gear motors, gearboxes and drive systems. As of December 31, 2025, the Company had supplied more than 11,800 SKUs across various industries and business segments.
- Strong Parentage & R&D Capabilities: Backed by Bonfiglioli S.p.A., a globally recognised company that reported consolidated revenue of €1,172.94 million for the year ended December 31, 2025. The Company benefits from global and local research and development capabilities, including the Bonfiglioli Group’s India R&D Centre in Chennai.
Risk factors
- Dependence on Limited Suppliers: The Company relies on a limited number of suppliers for raw materials and components. Its largest supplier, a related party, accounted for 15.53% to 19.98% of total purchases across recent periods. The absence of definitive supply agreements increases the risk of supply disruptions.
- Raw Material Price & Import Duty Risk: Rising raw material and component costs, along with potential import duties on materials sourced from Vietnam, Japan, China and Italy, could increase expenses and negatively affect the Company’s business, profitability, financial condition and cash flows.
- Manufacturing Facility Disruption: Unexpected or prolonged disruptions at the Company’s manufacturing facilities in Thirumudivakkam, Mannur and Talegaon due to equipment breakdowns, labour disputes or utility interruptions could delay production, affect delivery schedules and adversely impact financial performance.
Promoters
Sonia Bonfiglioli
Luciano Bonfiglioli
Luisa Lusardi
Bon-FI S.R.L.
Bonfiglioli S.P.A.
Registrar & documents
Lead manager
Axis Capital Limited, Bnp Paribas, ICICI Securities Limited, Jefferies India Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No.AC7-AC11, SIDCO Industrial Estate, Thirumudivakkam Kancheepuram, Tamil Nadu, 600132
+91 63858 63934
[email protected]Company website ↗Understanding BONFIG IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.