Bonfiglioli Transmissions IPO
UpcomingMainboardOpens 15 October 2026Closes 19 October 2026
Incorporated in 1998, Bonfiglioli Transmissions Limited is one of India's leading technology-driven manufacturers of mechanical and electro-mechanical power transmission and industrial drive solutions. The company…
Incorporated in 1998, Bonfiglioli Transmissions Limited is one of India's leading technology-driven manufacturers of mechanical and electro-mechanical power transmission and industrial drive solutions. The company designs and produces low, medium, and heavy-duty gearboxes, gearmotors, electric motors, variable frequency drives, servo drives, and precision planetary systems. It caters to three primary application verticals: Industry & Automation (I&A) Solutions, Off-Highway Mobility, and the Wind Industry. Bonfiglioli operates three integrated manufacturing facilities across Tamil Nadu (Thirumudivakkam and Mannur) and Maharashtra (Talegaon), backed by a dedicated global R&D center in Chennai.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
15 Oct 2026
IPO Closes
19 Oct 2026
Allotment
21 Oct 2026
Listing
23 Oct 2026
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 15 October 2026 |
| IPO Close Date | 19 October 2026 |
| Allotment Date | 21 October 2026 |
| Listing Date | 23 October 2026 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,650 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,90,450 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,05,100 |
SHNI (Max)Below ₹10,00,000 | 68 | ₹9,96,200 |
BHNIAbove ₹10,00,000 | 69 | ₹10,10,850 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 50.00% |
| NII (Non-Institutional Investor) | 15.00% |
| SHNI (Small Non-Institutional Investor) | 5.00% |
| BHNI (Big Non-Institutional Investor) | 10.00% |
| Retail | 35.00% |
| Total | 100.00% |
IPO Objectives
- The IPO is a 100% Offer for Sale (OFS) of up to 43,239,042 equity shares by the Promoter Selling Shareholder, Bonfiglioli S.p.A.
- The company will not receive any proceeds from the Offer, and all net proceeds will go directly to the Selling Shareholder.
Strengths
- End-to-end technology-led power transmission and industrial drive solutions provider with capabilities spanning low to heavy-duty torque capacities up to 1,400 kNm.
- Deep customer relationships across critical industrial sectors including construction equipment, wind power, solar tracking, and material handling.
- Strong brand equity and institutional support backed by Italian parentage Bonfiglioli S.p.A. and extensive international R&D capabilities.
- Three modern, automated manufacturing facilities in Chennai and Pune supported by 71 sales, dealer, and service touchpoints across India.
Weaknesses
- High reliance on corporate promoter Bonfiglioli S.p.A. for core technology licenses, trademarks, and critical components (royalty fee of 6% on eligible sales).
- Supplier concentration risk, with top 10 suppliers contributing 41.20% of purchases in FY25, led by group entity Bonfiglioli Riduttori S.p.A. (15.18%) in the absence of long-term supply contracts.
- Customer concentration, with top 10 OEM customers accounting for 36.60% of FY25 revenue from operations.
- The public offering is 100% an Offer for Sale (OFS), meaning the company will receive no fresh growth capital from the IPO.
Financial Performance
| Period Ended | 30 Jun 2026 | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 1,495.82 | 1,439.46 | 1,299.08 | 1,414.72 |
| Revenue (₹ Cr.) | 1,139.17 | 2,023.59 | 1,861.16 | 1,701.8 |
| PAT (₹ Cr.) | 148.58 | 237.87 | 195.16 | 148.49 |
| Net Worth (₹ Cr.) | 1,034.27 | 992.99 | 860.95 | 801.36 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Bonfiglioli Transmissions | 11.09 | 46.32 | 23.96% | 992.99 |
| Elecon Engineering | 4.05 | 39.56 | 14.79% | 2,306 |
| Shanthi Gears Ltd. | 9.85 | 67.91 | 17.42% | 440.06 |
| Schaeffler India Ltd. | 9.33 | 45.75 | 20.39% | 6,048 |
Subscription Details
No daily bids available.
No subscription statistics available.
Company Details
- Bonfiglioli Transmissions Limited
- Plot No. AC7-AC11, SIDCO Industrial Estate, Thirumudivakkam, Kancheepuram – 600 132, Tamil Nadu, India
- +91 63858 63934
- btl.secretarial@bonfiglioli.com
- https://www.bonfiglioli.in
Registrar Details
- MUFG Intime India Private Limited (Formerly Link Intime India Private Limited)
- +91 810 811 4949 / 022-49186000
- bonfigliolitransmissions.ipo@in.mpms.mufg.com
- https://www.in.mpms.mufg.com
Frequently Asked Questions
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Sources
We match Bonfiglioli Transmissions IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- MUFG Intime India Private Limited (Formerly Link Intime India Private Limited)Official site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.