Bonfiglioli Transmissions IPO
Updated 20 Oct 2026, 6:50 pm.
Minimum investment (Retail)
₹14,650
1 lot · 25 shares at the upper price band
Price band
₹586
Latest GMP
₹130
+22.2% of the ₹586 upper band
Est. listing price
₹716
Issue size
₹2,533.66 Cr
As NSE lists it
The exchange's own issue data, NSE symbol BONFIG · read 21 Oct 2026, 12:15 am
- Price band
- ₹558–586
- Bidding
- 15 Oct 2026 – 19 Oct 2026
- Subscribed (NSE)
- —
- Shares offered
- —
NSE's subscription counts bids on its own platform and can differ from the combined NSE + BSE figure above.
Allotment status
Check it on the registrar's page or either exchange with your PAN or application number.
- Allotment finalised21 Oct 2026(done)
- Refunds start22 Oct 2026(upcoming)
- Shares credited to demat22 Oct 2026(upcoming)
- Listing23 Oct 2026(upcoming)
GMP history
Each point is a recorded observation from the scheduled data sync.
| Observed | GMP | Est. listing price |
|---|---|---|
| 20 Oct 2026, 6:50 pm | ₹130 | ₹716 |
| 20 Oct 2026, 6:45 pm | ₹130 | ₹716 |
| 20 Oct 2026, 1:50 pm | ₹129 | ₹716 |
| 20 Oct 2026, 1:45 pm | ₹130 | ₹716 |
| 20 Oct 2026, 8:50 am | ₹129 | ₹716 |
| 20 Oct 2026, 8:45 am | ₹130 | ₹716 |
| 19 Oct 2026, 6:50 pm | ₹128 | ₹716 |
| 19 Oct 2026, 6:45 pm | ₹130 | ₹716 |
| 19 Oct 2026, 1:50 pm | ₹130 | ₹716 |
| 19 Oct 2026, 1:45 pm | ₹130 | ₹716 |
| 19 Oct 2026, 8:50 am | ₹130 | ₹716 |
| 19 Oct 2026, 8:45 am | ₹130 | ₹716 |
| 19 Oct 2026, 1:32 am | ₹130 | ₹716 |
| 17 Oct 2026, 6:50 pm | ₹131 | ₹716 |
| 17 Oct 2026, 6:45 pm | ₹130 | ₹716 |
| 17 Oct 2026, 1:50 pm | ₹131 | ₹716 |
| 17 Oct 2026, 1:45 pm | ₹130 | ₹716 |
| 17 Oct 2026, 8:50 am | ₹130 | ₹716 |
| 17 Oct 2026, 8:45 am | ₹130 | ₹716 |
| 16 Oct 2026, 6:50 pm | ₹126 | ₹711 |
| 16 Oct 2026, 6:45 pm | ₹125 | ₹711 |
| 16 Oct 2026, 1:50 pm | ₹130 | ₹711 |
| 16 Oct 2026, 1:45 pm | ₹125 | ₹711 |
| 16 Oct 2026, 8:50 am | ₹140 | ₹726 |
| 16 Oct 2026, 8:45 am | ₹140 | ₹726 |
| 15 Oct 2026, 6:50 pm | ₹156 | ₹746 |
| 15 Oct 2026, 6:45 pm | ₹160 | ₹746 |
| 15 Oct 2026, 1:50 pm | ₹177 | ₹766 |
| 15 Oct 2026, 1:45 pm | ₹180 | ₹766 |
| 15 Oct 2026, 8:50 am | ₹179 | ₹766 |
| 15 Oct 2026, 8:45 am | ₹180 | ₹766 |
| 15 Oct 2026, 12:27 am | ₹179 | ₹766 |
| 15 Oct 2026, 12:22 am | ₹179 | ₹766 |
| 14 Oct 2026, 6:50 pm | ₹181 | — |
| 14 Oct 2026, 6:45 pm | ₹180 | ₹766 |
| 14 Oct 2026, 1:50 pm | ₹183 | — |
| 14 Oct 2026, 1:45 pm | ₹180 | ₹766 |
| 14 Oct 2026, 8:50 am | ₹175 | — |
| 14 Oct 2026, 8:45 am | ₹180 | ₹766 |
| 13 Oct 2026, 6:50 pm | ₹173 | — |
| 13 Oct 2026, 6:45 pm | ₹155 | ₹741 |
| 13 Oct 2026, 1:50 pm | ₹155 | — |
| 13 Oct 2026, 1:45 pm | ₹155 | ₹741 |
| 13 Oct 2026, 8:50 am | ₹155 | — |
| 13 Oct 2026, 8:45 am | ₹155 | ₹741 |
| 12 Oct 2026, 6:50 pm | ₹144 | — |
| 12 Oct 2026, 6:45 pm | ₹150 | ₹736 |
| 12 Oct 2026, 1:50 pm | ₹156 | — |
| 12 Oct 2026, 8:50 am | ₹175 | — |
| 12 Oct 2026, 8:45 am | ₹175 | ₹761 |
| 10 Oct 2026, 6:50 pm | ₹0 | — |
| 10 Oct 2026, 6:45 pm | ₹0 | — |
| 10 Oct 2026, 1:50 pm | ₹0 | — |
| 10 Oct 2026, 1:45 pm | ₹0 | — |
| 10 Oct 2026, 8:50 am | ₹0 | — |
| 10 Oct 2026, 8:45 am | ₹0 | — |
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- Mainboard
- Price band
- ₹586
- Issue size
- ₹2,533.66 Cr
- Lot size
- 25
- Opens
- 15 Oct 2026
- Closes
- 19 Oct 2026
- Allotment
- 21 Oct 2026
- Listing
- 23 Oct 2026
- Est. listing price
- ₹716
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- MUFG Intime India Pvt.Ltd.
- Minimum investment
- ₹14,650 (1 lot · 25 shares)
- Face value
- ₹10 per share
- Issue type
- Bookbuilding IPO
- Sale type
- OFS only
- Offer for sale
- ₹2,534 Cr
- Listing at
- BSE, NSE
- Refunds
- 22 Oct 2026
- Shares credited
- 22 Oct 2026
- Promoter holding
- 100% before · 77% after
- Lead managers
- Axis Capital Ltd., BNP Paribas, ICICI Securities Ltd., Jefferies India Pvt.Ltd.
Offer documents & links
Subscription by category
As of 19 Oct 2026, 5:53 pm.
Total subscription
46.05x
Full issue details
Details as published for this issue, read 20 Oct 2026, 9:05 am. Verify against the RHP before applying.
IPO Details
| IPO Date | 15 to 19 Oct, 2026 |
|---|---|
| Listing Date | Fri, Oct 23, 2026 (tentative) |
| Face Value | ₹ 10 per share |
| Price Band | ₹558 to ₹586 |
| Lot Size | 25 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹ 29.00 |
| 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) |
| Share Holding Pre Issue | 18,79,95,834 shares |
| Share Holding Post Issue | 18,79,95,834 shares |
IPO Timetable (Tentative)
- IPO Open
- Thu, Oct 15, 2026
- IPO Close
- Mon, Oct 19, 2026
- Allotment
- Wed, Oct 21, 2026
- Refund
- Thu, Oct 22, 2026
- Credit of Shares
- Thu, Oct 22, 2026
- Listing
- Fri, Oct 23, 2026
Issue Reservation
- QIB49.94%
- NII (HNI)14.98%
- Retail34.96%
- Employee0.12%
| Investor Category | Shares | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB | 2,15,94,521 | 50.00% | 49.94% | NA |
| - Anchor Investor | 1,29,56,712 | — | 29.97% | NA |
| - QIB (Ex. Anchor) | 86,37,809 | — | 19.98% | NA |
| NII (HNI) | 64,78,356 | 15.00% | 14.98% | NA |
| - bNII > ₹10L | 43,18,904 | — | 9.99% | 12,339 |
| - sNII < ₹10L | 21,59,452 | — | 4.99% | 6,169 |
| Retail | 1,51,16,165 | 35.00% | 34.96% | 6,04,646 |
| Preferential Reservations | ||||
| Employee | 50,000 | — | 0.12% | NA |
| Total | 4,32,39,042 | 100.00% | 100.00% | — |
Bonfiglioli Transmissions IPO comprises a total issue size of 4,32,39,042 shares. The net offer to the public is 4,31,89,042 shares, after excluding 50,000 shares under a preferential allotment. Of the Net offer 2,15,94,521 (50.00%) are allocated to QIB , 64,78,356 (15.00%) allocated to NII 1,51,16,165 (35.00%) allocated to RII .
IPO Lot Size
| 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 | 1,700 | ₹9,96,200 |
| B-HNI (Min) | 69 | 1,725 | ₹10,10,850 |
Investors can bid for a minimum of 25 shares and in multiples thereof.
IPO Anchor Investors
| Bid Date | Wed, Oct 14, 2026 |
|---|---|
| Shares Offered | 1,29,56,712 |
| Anchor Portion (₹ Cr.) | 759.26 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Nov 20, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Jan 19, 2027 |
Bonfiglioli Transmissions IPO raises ₹ 759.26 crore from anchor investors . Bonfiglioli Transmissions IPO Anchor bid date is October 14, 2026 .
📝 Anchor Investors Letter (PDF)
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) |
About Bonfiglioli Transmissions Ltd.
Bonfiglioli Transmissions Ltd is one of India's leading technology-driven companies providing mechanical and electro-mechanical power transmission and industrial drive solutions. The company designs and manufactures high-precision, mission-critical gearboxes and drive systems that are used across a wide range of industries.
Product Portfolio: Its product portfolio includes low, medium and heavy duty gear motors and gearboxes in torque capacities ranging from 13 Nm to 1,400 kNm Helical, bevel, planetary and worm gearboxes and gear motors, electric motors; variable frequency drives, servo motors and drives, and precision drives for robotics & automation solutions.
The business serves three main market segments based on end-use applications, including Industry and Automation Solutions, Off-Highway Mobility, and Wind Industry. In the Industry and Automation Solutions segment, it is among the largest manufacturers of gearboxes and drives in India, serving both original equipment manufacturers (OEMs) and end-users.
In India, it operates three manufacturing facilities-two in Tamil Nadu (Thirumudivakkam and Mannur) and one in Maharashtra (Talegaon). Together, these facilities produced over 341,133 gear motors and gearboxes in Fiscal 2025. As of June 30, 2026, we had 215 suppliers in India and 70 suppliers outside India.
The company also offers strong after-sales support through two dedicated channels. This includes a team of in-house service engineers based at our 13 sales offices across India, with three offices located at the manufacturing sites in Thirumudivakkam, Mannur, and Talegaon.
As of June 30, 2026, the company had 71 touchpoints for customer sales and service across India, including three manufacturing facilities, 13 sales offices, 13 authorized third-party service facilities and 44 authorized dealers with 54 outlets. As of June 30, 2026 the company a network of 285 suppliers of which 215 were located in India and 70 were located overseas including in Italy, China, USA and Germany.
As of June 30, 2026, the company had 1,032 personnel involved in various aspects of our operations, which includes onroll employees and contract workers.
Competitive Strengths:
End-to-end technology-led power transmissions and industrial drive solutions provider across business verticals.
Highly diversified offerings across business verticals and customer industries.
Established parentage and trusted brand backed by global and local R&D capabilities.
Deep relationships with marquee customers.
State-of-the-art manufacturing infrastructure.
Experienced management team delivering strong financial performance
Company Financials (Restated)
Total Income
Profit After Tax
EBITDA
NET Worth
| Period Ended | 30 Jun 2026 | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
|---|---|---|---|---|
| Assets | 1,495.82 | 1,439.46 | 1,299.08 | 1,414.72 |
| Total Income | 1,139.17 | 2,023.59 | 1,861.16 | 1,701.80 |
| Profit After Tax | 148.58 | 237.87 | 195.16 | 148.49 |
| EBITDA | 223.87 | 370.77 | 295.07 | 243.89 |
| NET Worth | 1,034.27 | 975.25 | 860.95 | 801.36 |
| Reserves and Surplus | 846.27 | 867.66 | 735.62 | 670.24 |
| Total Borrowing | — | — | — | 110.79 |
| Amount in ₹ Crore |
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IPO Objects of the Issue
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.
Key Performance Indicator (KPI)
ROE
ROCE
RoNW
PAT Margin
EBITDA Margin
| KPI | Jun 30, 2026 | Dec 31, 2025 |
|---|---|---|
| ROE | 14.66% | 25.66% |
| ROCE | 20.03% | 18.62% |
| RoNW | 14.37% | 23.96% |
| PAT Margin | 13.04% | 11.90% |
| EBITDA Margin | 19.78% | 18.37% |
| NAV | 55.02 | 52.82 |
| P/B (x) | 10.65 | 11.09 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 12.65 | 15.81 |
| P/E (x) | 46.32 | 37.07 |
| Market Cap at Offer Price | ₹11,016.56 Cr. | ₹11,016.56 Cr. |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of December 31, 2025 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2026 available in RHP.
Shareholding Structure
Pre IPO
- Promoter and Promoter Group100%
Post IPO
- Promoter and Promoter Group77%
- Public23.00%
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 100% | 77% |
| Public | — | 23.00% |
| Total | 100% | 100% |
Company Promoters: Sonia Bonfiglioli, Luciano Bonfiglioli, Luisa Lusardi, Bon-FI S.R.L and Bonfiglioli S.P.A.
Offer For Sale - Selling Shareholder
| Name | Category | No. of Shares Offered | Amount (₹ cr.) |
|---|---|---|---|
| Bonfiglioli SPA | Promoter | 4,32,39,042 | 2,533.81 |
| Total | — | 4,32,39,042 | 2,533.81 |
Bonfiglioli Transmissions IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 12 | 1 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Subscription Status
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 120.78 | 86,37,809 | 1,04,33,08,675 |
| NII | 40.39 | 64,78,356 | 26,16,37,925 |
| bNII (> ₹10L) | 46.44 | 43,18,904 | 20,05,62,075 |
| sNII (< ₹10L) | 28.28 | 21,59,452 | 6,10,75,850 |
| Retail | 5.90 | 1,51,16,165 | 8,92,28,450 |
| Employee | 7.42 | 50,000 | 3,71,075 |
| Total | 46.05 | 3,02,82,330 | 1,39,45,46,125 |
The Bonfiglioli Transmissions IPO is subscribed 46.05 times on October 19, 2026 5:53:00 PM (Day 3). The public issue subscribed 5.90 times in the retail category, 120.78 times in the QIB category, and 40.39 times in the NII category. Check Day by Day Subscription Details (Live Status)
Reload
Total Applications: 34,45,965
IPO Registrar
MUFG Intime India Pvt.Ltd.
022-49186000
bonfigliolitransmissions.ipo@in.mpms.mufg.com
IPO Lead Manager(s)
Axis Capital Ltd.
BNP Paribas
ICICI Securities Ltd.
Jefferies India Pvt.Ltd.
Contact Details
Bonfiglioli Transmissions Ltd. Address
Plot No.AC7-AC11,
SIDCO Industrial Estate,
Thirumudivakkam
Kancheepuram, Tamil Nadu , 600132
63858 63934
btl.secretarial@bonfiglioli.com
Bonfiglioli Transmissions IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
Bonfiglioli Transmissions IPO Oversubscribed Over 46 Times
Lokmat Times · 19 Oct 2026
Bonfiglioli Transmissions IPO Subscription Status Day 3: Issue Subscribed 46.04 Times
HDFC Sky · 19 Oct 2026
Bonfiglioli Transmissions IPO subscribed 99% on day two, issue closes October 19
Prop News Time · 19 Oct 2026
Bonfiglioli Transmissions IPO subscribed over 2x on Day 3; latest GMP update
Motilal Oswal · 19 Oct 2026
Sahajanand Medical IPO vs Tonbo IPO vs Bonfiglioli IPO vs Zetwerk IPO: Compare GMP, Subscription Status & More
Goodreturns · 19 Oct 2026
IPO GMP Race: Zetwerk, Sahajanand, Bonfiglioli, Tonbo View
Univest · 19 Oct 2026
Bonfiglioli Transmissions IPO booked over 2x so far on Day 3; check latest GMP
Moneycontrol.com · 19 Oct 2026
Bonfiglioli Transmissions IPO Last Day: Rs 2,533.66 crore issue subscribed 2.80 times so far
Zee Business · 19 Oct 2026
Bonfiglioli Transmissions: common questions
Answered from this issue's own record.