Bonfiglioli Transmissions India shares made a flat debut on the BSE and NSE today (Friday) at ₹586 per share, translating to a zero percent listing premium over the IPO issue price. The shares listed exactly at the IPO price, meaning investors who received allotment made no gains or losses. As per Business Standard, the listing came in below market expectations as signalled by the grey market premium (GMP), which was ₹66 or 11% ahead of the stock market debut. The IPO, which opened for subscription on October 15, 2026, and closed on October 19, 2026, was subscribed 46.06 times overall, with investors submitting bids for 1,39,46,56,825 shares against 3,02,82,330 shares on offer. Following the listing, the company's market capitalisation stood at around ₹11,016.56 crore.
Qualified Institutional Buyers (QIBs) led the subscription with their reserved portion subscribed 120.78 times, excluding anchor investors. As reported by Business Standard, the Non-Institutional Investors (NIIs) category was subscribed 40.40 times, while the Retail Individual Investors (RIIs) portion received 5.91 times subscription. The employee portion received bids for 7.43 times the shares reserved for it. The IPO opened for subscription on October 15 and closed on October 19, with the price band fixed at ₹558-586 per share. The lot size is 25 shares, making the minimum investment for retail investors ₹14,650 at the upper end of the price band.
The grey market premium (GMP) for Bonfiglioli Transmissions India stood at ₹66 or 11% in the latest updates from Business Standard, indicating expectations of a modest listing gain that were not realized in the actual listing. However, as noted by The Financial Express, the GMP is an unofficial indicator of market sentiment and does not guarantee the actual listing price or listing gains. The shares are scheduled to list on the BSE and NSE today, with the issue comprising an offer for sale of approximately 4.32 crore equity shares by promoter Bonfiglioli S.p.A.. There is no fresh issue component, so the company will not receive any proceeds from the offering, with all proceeds going to existing shareholders selling their stakes.
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 per share. Major anchor investors included 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). The issue was booked 46.06 times, as it fetched bids for 1,39,46,56,825 shares compared to 3,02,82,330 shares on offer, according to NSE data.
For the six months ended June 2026, the company reported a profit of ₹148.6 crore, up from ₹115 crore in the corresponding period of the previous year. According to CNBC TV18, revenue from operations rose 17.9 percent to ₹1,131.9 crore, compared with ₹960.4 crore in the year-earlier period. SBI Securities reported that the company delivered robust financial performance with revenue, EBITDA and PAT CAGR of 9.2%, 23.3%, and 27.4% respectively during CY23-CY25 period, while delivering RoCE and RoE of 33.5% and 24.0% respectively in CY25, which is better than its peers. The IPO was entirely an offer for sale (OFS), meaning all proceeds will go to the selling shareholder and not be received by the company.
Bonfiglioli Transmissions India is the Indian arm of Italy-based Bonfiglioli S.p.A. and provides mechanical and electromechanical power transmission and industrial drive solutions. The company operates as a wholly owned subsidiary of Bonfiglioli S.p.A. and manufactures mission-critical gearboxes, gear motors, and drive systems. According to company disclosures, Bonfiglioli Transmission India is the largest manufacturer of gearboxes and drive systems in India across industrial automation, off-highway mobility and wind energy applications by revenue. The company serves leading OEMs via direct co-engineering partnerships and a pan-India network of 44 dealers (36 exclusive) as of June 30, 2026. Its supplier network comprises 285 suppliers, including 215 in India and 70 overseas across countries such as Italy, China, the US and Germany, with 1,032 personnel including on-roll employees and contract workers.
