Bonfiglioli Transmissions IPO Day 1: Check subscription status, price band, lot size and key dates

The initial share sale is solely an offer for sale of 4.32 crore shares by promoter Bonfiglioli S.p.A., with no fresh issue component.

"Our company expects that listing of the equity shares will enhance our visibility and brand image and provide liquidity and a public market for the equity shares in India," the firm said in its red herring prospectus.

Bonfiglioli Transmissions IPO Day 1: Subscription status

The subscription details for the first day of the issue will be available post 10 am.

Bonfiglioli Transmissions IPO: Lot size

The minimum investment for retail investors is 25 shares and in multiples thereafter.

Bonfiglioli Transmissions IPO: Allotment and listing date

The company's equity shares will be listed on the BSE and the NSE.

Prior to the IPO, the company raised ₹759.26 crore from anchor investors, including Goldman Sachs Asset Management, BlackRock, and Abu Dhabi Investment Authority. It allotted 1.30 crore shares to anchor investors at ₹586 apiece.

SBI Mutual Fund, ICICI Prudential Mutual Fund, Nippon India Mutual Fund, HDFC Mutual Fund, Axis Mutual Fund, Aditya Birla Sun Life Mutual Fund, Mirae Asset Mutual Fund, Allianz Global Investors, Amundi and Canada's Public Sector Pension Investment Board (PSP Investments) were also also among the anchor investors.

Bonfiglioli Transmissions, the Indian unit of Italy-based Bonfiglioli S.p.A., makes mechanical and electro-mechanical power transmission products and industrial drive solutions, including gear motors, gearboxes and drive systems.

Its products cater to industry and automation, off-highway mobility and wind applications.