Upcoming IPO: Bonfiglioli Transmissions' ₹2,534-crore issue to open this week; check price band, other details

Bonfiglioli Transmissions, the Indian subsidiary of Italy-based Bonfiglioli SpA, on Monday, October 12, fixed a price band of ₹558-586 per share for its ₹2,534 crore initial public offering (IPO).

In a public announcement, the power transmission component maker said the issue will open for public subscription on October 15 and conclude on October 19, while the bidding for anchor investors will take place on October 14.

The company’s IPO is entirely an OFS of up to 4.32 crore equity shares by promoter Bonfiglioli S.p.A., with no fresh issue component. Consequently, the company will not receive any proceeds from the public offering, with the entire amount going to the selling shareholder.

Under the allocation structure, 50% of the net offer is expected to be reserved for qualified institutional buyers (QIBs), while non-institutional investors (NIIs) and retail individual investors will be allotted 15% and 35%, respectively.

“Our company expects that the 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 company had said in its DRHP filing.

The equity shares are proposed to be listed on the BSE and the National Stock Exchange (NSE) on October 23.

Axis Capital, BNP Paribas, ICICI Securities and Jefferies India are the book-running lead managers for the issue.

Earlier this year, Bonfiglioli Transmissions had appointed Ravindra Pisharody as Chairperson and Independent Director, along with Rossella Schiavini and Sundaresan Ananthanarayanan as Independent Directors to its board.

About Bonfiglioli Transmissions

Bonfiglioli Transmissions is among India’s largest technology-led mechanical and electro-mechanical power transmission and industrial drive solution providers on the basis of revenue in the nine-month period ended September 30, 2025. It manufactures an array of mission-critical and highly precision-engineered gearboxes and drive systems utilised across diverse end-user markets.

The group serves more industries and applications than any other drives maker and is a market leader in many sectors; its three business verticals are Industry and Automation Solutions, Mobility and Wind Industries, and Selcom Group.