Bonfiglioli Transmissions IPO
UPCOMINGMAINBOARDUpcoming Issue
₹2533.66 Cr
Opens
15 Oct 2026
Fresh / OFS
— / ₹2754.14 Cr
- Price Band
- ₹558 – ₹586
- Lot Size
- 25
- Lot Value
- ₹14,650
- Open Date
- 15 Oct15 Oct 2026
- Close Date
- 19 Oct19 Oct 2026
- Min Investment
- ₹14,650
About Bonfiglioli Transmissions
Bonfiglioli Transmissions is an Indian manufacturer of gearboxes and drive systems for industrial and renewable energy applications, with 25 years of operating experience in India and global R&D capabilities.
Manufactures and sells gearboxes and drive systems, including co-engineered products, to industrial customers; receives royalties from BSPA for licensed intellectual property.
Promoters
Sonia Bonfiglioli
Individual Promoter and Non-Executive Director · age 62
Luciano Bonfiglioli
Individual Promoter · age 59
Experience in manufacturing mechanical components and previously associated with Bonfiglioli S.p.A. as industrial manager
Degree of doctor of economics and commerce from the University of Bologna
Luisa Lusardi
Individual Promoter
Investment Analysis
Quick Analysis: 5 strengths · 6 risk factors· Exchange: Equity
Strengths (5)
- •Diversified customer base with no single supplier accounting for more than 20% of purchases.
- •Strong domestic sourcing commitment with 70.70% of materials from Indian market.
- •Comprehensive after-sales service network across 13 sales offices and 13 third-party facilities.
- •Majority revenue from co-engineered products demonstrating technology leadership and customer partnerships.
- •Positive net cash position indicating strong financial health and operational efficiency.
Risk Factors (6)
- •Dependence on limited suppliers for raw materials; top 10 suppliers represented 41.92-48.06% of purchases across periods, with no definitive agreements.
- •Raw material and component price increases or import duties could adversely affect business, financial condition, results of operations, and cash flows.
- •Unscheduled disruptions at manufacturing facilities could materially and adversely impact business, financial condition, results of operations, and cash flows.
- •Product defects in gearboxes and drive systems or poor after-sale services may damage brand reputation and ability to sell products.
- •No formal market exists for company equity shares; floor price, cap price, and offer price do not indicate post-listing market price.
- •Outstanding tax claims aggregating ₹35.65 million against promoters; adjudication pending for section 203 non-compliance regarding company secretary appointment delay.
Demand snapshot
Subscription and grey market data as reported. Not a recommendation.
- GMP ₹155 (+26.4%), unofficial, as of 13 Oct 2026, 02:33 AM IST
GMP Trend
Latest: ₹155 (+26.45%)Quick Profit Calculator
Pre-filled: Issue Price = ₹586, Lot Size = 25 shares
Number of Lots
| Lots | Investment | At GMP | Profit | Return |
|---|---|---|---|---|
| 1 | ₹14,650 | ₹741 | +₹3,875 | +26.5% |
| 2 | ₹29,300 | ₹741 | +₹7,750 | +26.5% |
| 3 | ₹43,950 | ₹741 | +₹11,625 | +26.5% |
| 5 | ₹73,250 | ₹741 | +₹19,375 | +26.5% |
| 10 | ₹1,46,500 | ₹741 | +₹38,750 | +26.5% |
Estimated profit based on GMP. Actual listing price may vary.
Investor Quota
Approx. shares reserved per category
Estimated from total issue size; actual reserved lots are set in the RHP.
Application Lot Sizes
Retail caps at ₹2,00,000 (13 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | 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 |
Subscription Status
Subscription data will appear once bidding begins.
Weigh your chances
IPO Timeline
Issue Opens
15 Oct 2026 · Thu
Issue Closes
19 Oct 2026 · Mon
Bidding Cut-off (UPI Mandate)
19 Oct 2026 · 5:00 PM IST
Allotment
21 Oct 2026 · Wed
Listing
23 Oct 2026 · Fri
Issue Opens
15 Oct 2026 · Thu
Issue Closes
19 Oct 2026 · Mon
Bidding Cut-off (UPI Mandate)
19 Oct 2026 · 5:00 PM IST
Allotment
21 Oct 2026 · Wed
Listing
23 Oct 2026 · Fri
IPO Details
| Registrar | — |
| Exchange | Equity |
| ISIN | — |
| Face Value | — |
| Issue Size | ₹2533.66 Cr |
| Fresh Issue | — |
| OFS Size | ₹2754.14 Cr |
| Lead Managers | Axis Capital Limited, BNP Paribas, ICICI Securities Limited, Jefferies India Private Limited |
3-Year Financial Summary
Financial data not available yet.
Check the valuation yourself
Company Fundamentals
10 sections extracted from this filingCapital Structure
| Authorised Capital | — |
| Issued Capital | — |
| Paid-up Capital | — |
| Equity Shares (Pre-Issue) | 18,79,95,834 |
| Equity Shares (Post-Issue) | 18,79,95,834 |
Source: Bonfiglioli Transmissions offer document (DRHP/RHP).
Shareholding Pattern
Pre-Issue
Pre-Issue not disclosed in this filing.Not separately disclosed in Bonfiglioli Transmissions's filing.
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in Bonfiglioli Transmissions's filing.
Source: Bonfiglioli Transmissions offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
- QIB50.00%
- NII / HNI15.00%
- Retail35.00%
OFS Selling Shareholders
- Bonfiglioli S.p.A.4,69,98,959 sh
Source: Bonfiglioli Transmissions offer document (DRHP/RHP).
Board & Management
Board of Directors (8)
- Ravindra Pisharody₹0.20 Cr p.a.
Chairperson and Independent Director
- Sonia Bonfiglioli
Non-Executive and Non-Independent Director
- Massimo Sarti
Non-Executive and Non-Independent Director
- Marco Mossuto
Non-Executive and Non-Independent Director
- Kennady V Kaippally₹1.97 Cr p.a.
Managing Director
Bachelor's degree in production engineering from University of Madras; post-diploma in foremanship; executive general management programme from IIM Bangalore; advanced management program from IESE University of Navarra
over 30 years of experience in production, manufacturing, sales, and operations
- Gatham Anandhan Balaji₹1.39 Cr p.a.
Whole-Time Director and Chief Financial Officer
Bachelor's degree in commerce from Faculty of Commerce, University of Madras; qualified chartered accountant
over 26 years of experience in finance, accounts, and tax functions
- Rossella Schiavini
Independent Director
Master's of science in politics of the world economy from London School of Economics and Political Science
member of board of directors of various companies for a period of seven years
- Ananthanarayan Sundaresan
Independent Director
Diploma in mechanical engineering and diploma in electrical engineering from SVKM's Shri Bhagubhai Mafatlal Polytechnic College, Mumbai; membership at Institution of Mechanical Engineers (India)
over 24 years of experience as a director on the board of directors of these companies
Key Managerial Personnel (1)
- Sunil Kumar₹0.14 Cr p.a.
Company Secretary and Compliance Officer
Bachelor's of science, bachelor's of law degree, master's of law degree; qualified company secretary
over six years of experience in secretarial and compliance functions
Source: Bonfiglioli Transmissions offer document (DRHP/RHP).
Industry & Market
Leader in India wind turbine drives with 68.3% market share; 14.0% of global off-highway mobility solutions market; top 1-2 position in India industrial gear motors
Per Frost & Sullivan (F&S Report), a report commissioned by the company (not independent).
Peer Comparison
| Company | P/E | EPS | RoNW % | NAV |
|---|---|---|---|---|
| Our Company | — | 10.06 | 22.4 | 45.38 |
| Elecon Engineering Company Limited | 26.02 | 18.5 | 20.77 | 89.07 |
| Shanthi Gears Limited | 37.58 | 12.52 | 23.83 | 52.53 |
| Schaeffler India Limited | 64.54 | 60.1 | 17.6 | 341.29 |
| Timken India Limited | 50.49 | 59.48 | 15.73 | 378.21 |
Lead Managers (BRLMs)
Click any merchant banker for their full IPO track record (positive listing rate, average gain, IPOs managed).
Documents
Frequently Asked Questions
When is the Bonfiglioli Transmissions IPO opening?
The Bonfiglioli Transmissions IPO opens on 15 Oct 2026 and closes on 19 Oct 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the Bonfiglioli Transmissions IPO?
The price band for the Bonfiglioli Transmissions IPO is ₹558 to ₹586. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the Bonfiglioli Transmissions IPO?
The minimum lot size is 25 shares with a minimum investment of ₹14,650. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of Bonfiglioli Transmissions IPO today?
The latest Grey Market Premium for Bonfiglioli Transmissions is ₹155 (+26.45%). GMP is unofficial data and is not a guarantee of listing price.
When will the Bonfiglioli Transmissions IPO list on NSE and BSE?
The Bonfiglioli Transmissions IPO is expected to list on 23 Oct 2026 on Equity. Actual listing day trading begins at the start of the normal market session.
How can I check the Bonfiglioli Transmissions IPO allotment status?
You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the Bonfiglioli Transmissions IPO a mainboard or SME issue?
Bonfiglioli Transmissions is a mainboard IPO that will list on the main NSE and BSE boards. Mainboard IPOs are open to retail investors with a minimum application of one lot.
How do I apply for the Bonfiglioli Transmissions IPO?
You can apply for the Bonfiglioli Transmissions IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA while the issue is open for bidding.
What is the GMP-implied price of Bonfiglioli Transmissions IPO?
The GMP-implied price (unofficial, not a forecast) is ₹741: the upper price band of ₹586 plus the latest grey market premium of ₹155, as of 13 Oct 2026, 02:33 AM IST. GMP is unofficial grey market data, and the actual listing price can differ from it.
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