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Bonfiglioli Transmissions IPOUPCOMING
Bonfiglioli Transmissions Limited manufactures precision-engineered gear motors, gearboxes and industrial drive solutions for automation, construction, agriculture and wind energy.
Opens
15 Oct 26Closes
19 Oct 26Allotment
21 Oct 26Refund
22 Oct 26Demat
22 Oct 26Listing
23 Oct 26Bidding opens
in 3 days
15 – 19 Oct
Retail bids until 5:00 PM, other categories until 4:00 PM on the closing day.
Overview
Price band
₹558-586
Lot size
25 shares
Min. investment
₹14,650
Issue size
₹2533.66 Cr
4.32 Cr shares
Offer for sale
₹2,533.66 Cr
4.32 Cr shares
Face value
₹10 / share
Issue type
Book Built Issue
Listing at
NSE, BSE
Employee discount
₹29
Reservation
Lot size & investment
| 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 |
Bonfiglioli Transmissions Live GMP
Latest GMP
₹158
All-time high
₹175
All-time low
₹150
Subscription
Live category-wise bids appear here once bidding opens on 15 Oct 26. Reserved share of the issue:
Financials
(₹ in crores)
Key performance indicators
As of 30 Jun 2026ROE
14.66%
PAT Margin
13.04%
ROCE
20.03%
EBITDA Margin
19.78%
RoNW
14.37%
Valuation vs listed peers
EPS Pre IPO
₹12.65
EPS Post IPO
₹12.65
Price-to-earnings
| Company | P/E | P/B | RoNW | Face value |
|---|---|---|---|---|
| Elecon Engineering Company Limited | 31.63 | — | — | ₹1 |
| Shanthi Gears Limited | 63.39 | — | — | ₹1 |
| Schaeffler India Limited | 53.74 | — | — | ₹2 |
| Timken India Limited | 57.66 | — | — | ₹10 |
Peer median P/E 55.7× · Ratios as disclosed in the offer document.
Buzz AI analysis
From this IPO's filings and market data · educational, not investment advice
ROCE
20.03%
- PAT margin 13.0% and ROCE 20.0%.
- 100% offer for sale — the company raises no new money.
Strengths & risks
- Strong Market Position with leadership across key drive markets in India.
- Diversified Products serving industrial, mobility and wind energy sectors.
- Global Brand Support backed by Bonfiglioli Group's technology and R&D.
- Established Customers with long-standing OEM relationships.
- Product Innovation with new products contributing 29.72% of revenue in H1 FY2026.
Buzz score · Neutral
From GMP, subscription and issue size
Objects of the issue
| Purpose | Amount (₹ Cr) |
|---|---|
| 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. | - |
Company & documents
Bonfiglioli Transmissions Limited is one of India's largest technology-led manufacturers of mechanical and electro-mechanical power transmission and industrial drive solutions. Established in 1998, the company manufactures precision-engineered gear motors, gearboxes and drive systems. It is part of the Italy-based Bonfiglioli Group, which operates across 80 countries.
The company manufactures low, medium and heavy-duty gear motors and gearboxes with torque capacities ranging from 13 Nm to 1,400 kNm. Its products include helical, bevel, planetary and worm gearboxes, electric motors, variable frequency drives, servo motors and precision drives for robotics and automation.
The company operates across three business segments:
- Industry & Automation Solutions: Gearboxes and drive systems for material handling, mining, pharmaceuticals, textiles, packaging and industrial automation.
- Off-Highway Mobility: Transmission systems for excavators, construction equipment, agricultural machinery and mining vehicles.
- Wind Industry: Yaw and pitch drives for wind turbines, with an estimated 67.9% domestic market share by sales value in CY2025 among domestic manufacturers.
The company operates three facilities at Thirumudivakkam, Mannur and Talegaon, which collectively produced 341,133 gear motors and gearboxes in FY2025. Its manufacturing capabilities include machining, gear cutting, heat treatment and assembly, supported by automation and digital production systems.
During the six months ended June 30, 2026, the company served 935 customers, including JCB India, GMM Pfaudler, Schwing Stetter, Suzlon Energy and Nordex India. Its distribution network comprised 13 sales offices, 44 authorised dealers operating 54 outlets and 13 third-party service facilities as of June 30, 2026.
As of June 30, 2026, the company had a total workforce of 1,032 personnel, comprising 627 on-roll employees and 405 contract labourers.
Registrar
MUFG Intime India Pvt. Ltd.
Phone: 022-49186000
Email: bonfigliolitransmissions.ipo@in.mpms.mufg.com
Web: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Company contact
Bonfiglioli Transmissions Ltd.
Plot No.AC7-AC11, SIDCO Industrial Estate, Thirumudivakkam, Kancheepuram, Tamil Nadu, 600132
Phone: 63858 63934
Book running lead managers
- BNP Paribas
- Axis Capital Limited
- ICICI Securities Limited
- Jefferies India Private Limited
Promoters
- Sonia Bonfiglioli
- Luciano Bonfiglioli
- Luisa Lusardi
- Bon-FI S.R.L
- Bonfiglioli S.P.A.
