Bonfiglioli Transmissions Limited IPO totals ₹2,533.66 crore
Key highlights
- The ₹2,533.66 crore IPO was entirely an offer for sale of about 4.32 crore shares.
- Bonfiglioli Transmissions reported 6M FY2026 revenue of ₹1,131.87 crore, up 17.86% year-on-year.
- 6M FY2026 profit after tax rose 29.24% year-on-year to ₹148.58 crore.
- The IPO price band was ₹558 to ₹586 per share, with a minimum application amount of ₹14,650.
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Bonfiglioli Transmissions Limited's ₹2,533.66 crore initial public offering was entirely an offer for sale at an offer price of ₹586 per share, while its revenue from continuing operations rose 17.86% year-on-year to ₹1,131.87 crore in the first half of FY2026. The shares were scheduled to list on the BSE and NSE on 23 October 2026.
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What happened with the Bonfiglioli Transmissions IPO?
Bonfiglioli Transmissions Limited opened its mainboard IPO on 15 October 2026 and closed it on 19 October 2026, with share allotment scheduled for 21 October 2026. The issue involved up to 43,239,042 equity shares, equivalent to about 4.32 crore shares, with a face value of ₹10 each.
The price band was fixed at ₹558 to ₹586 per share, and the upper-end offer price valued the issue at ₹2,533.66 crore. The minimum application lot was 25 shares, requiring an investment of ₹14,650 at the upper price band. The company also disclosed an intimation for an analyst and institutional investor meet under Regulation 30 of the Listing Obligations and Disclosure Requirements regulations on 23 October 2026.
How does Bonfiglioli Transmissions operate in India?
Bonfiglioli Transmissions designs, manufactures, repairs and distributes mechanical and electro-mechanical power transmission products and industrial drive solutions. Its product portfolio includes gear motors, gearboxes, motors and drive assemblies used in industrial applications.
The company operates across three end-use verticals: Industry & Automation Solutions, Off-Highway Mobility and Wind Industry. It has three manufacturing facilities in India at Thirumudivakkam and Mannur in Tamil Nadu, and Talegaon in Maharashtra. Bonfiglioli Transmissions was incorporated in Chennai on 23 June 1998 and is part of Italy-based Bonfiglioli S.p.A.
The company reported more than 11,800 stock-keeping units as of 31 December 2025. It also had a pan-India network of 44 dealers, including 36 exclusive dealers, as of 30 June 2026. Its customer model includes direct co-engineering partnerships with original equipment manufacturers.
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What financial figures did Bonfiglioli Transmissions report?
Bonfiglioli Transmissions reported revenue from continuing operations of ₹1,131.87 crore for the first half of FY2026, up 17.86% year-on-year. EBITDA was ₹223.87 crore, translating into an EBITDA margin of 19.78%, while profit after tax rose 29.24% year-on-year to ₹148.58 crore.
The reported profit after tax margin for the six-month period was 13.04%. These figures provide the financial context for the IPO, although the source does not provide a full-year FY2026 forecast, a subscription breakdown or post-listing financial guidance.
What does the offer structure mean for investors?
The offer structure means the ₹2,533.66 crore issue was an offer for sale by Bonfiglioli S.p.A., rather than a fresh issue of shares by Bonfiglioli Transmissions. The disclosed offer documents identify Bonfiglioli S.p.A. as the selling shareholder for the entire offer.
This distinction matters because an offer for sale does not add the stated IPO proceeds to the issuer's balance sheet. Investors assessing the company therefore have to consider the operating data, product coverage and manufacturing footprint alongside the ownership sale structure. The supplied market data showed a share price of ₹717.10, but did not provide the date or trading volume associated with that price.
The listing was planned on both the BSE and NSE, under the symbols and codes disclosed for Bonfiglioli Transmissions, including NSE symbol BONFIG and BSE code 544996. The source does not provide post-listing shareholding details, institutional allocation data or a confirmed market-close performance measure.
Conclusion
Bonfiglioli Transmissions entered the public market with a ₹2,533.66 crore offer for sale, supported by reported first-half FY2026 revenue of ₹1,131.87 crore and profit after tax of ₹148.58 crore. Its operations span industrial automation, off-highway mobility and wind applications, supported by three Indian plants and a dealer network across the country.
The next disclosed milestones were allotment on 21 October 2026 and listing on 23 October 2026. Investors will need to monitor subsequently disclosed ownership changes, trading activity, future financial results and management commentary from analyst and institutional investor interactions.