Bonfiglioli Transmissions shares list at par with IPO issue price on NSE, BSE

The listing is at par with the IPO issue price of ₹586 per share.

Bonfiglioli Transmissions share price: Here's how much investors per per lot

The ₹2,533.66 crore IPO was excusively an offer for sale (OFS) of 4.32 crore shares by promoter Bonfiglioli S.p.A., with no fresh issue component.

Since there is no fresh issuance of shares. The company will not receive any proceeds from the IPO, with the entire amount going to the selling shareholder.

"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," according to the red herring prospectus.

The issue was booked 46.06 times, as it fetched bids for 1,39,46,56,825 shares compared 3,02,82,330 shares on offer, according to the NSE data.

The quota kept aside for qualified institutional buyers (QIBs) got 120.78 times subscription, and the category for non-institutional investors (NIIs) received 40.40 times subscription. The retail investors portion was subscribed 5.91 times.

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

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

Bonfiglioli Transmissions, the Indian arm of Italy-based Bonfiglioli S.p.A., manufactures mechanical and electro-mechanical power transmission products and industrial drive solutions such as gear motors, drive systems and gearboxes.a

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