Bonfiglioli Transmissions IPO: Price Band, Lot Size, Dates, Financials and Valuation
The Bonfiglioli Transmissions IPO opens for subscription on October 15, 2026, and closes on October 19, with a price band of ₹558–586 per share. The ₹2,533.66 crore issue is entirely an offer for sale (OFS) of up to 4,32,39,042 shares by the promoter, Italy's Bonfiglioli S.p.A., so the company itself receives no money, Free Press Journal reported. Retail investors need at least ₹14,650 for one lot of 25 shares at the upper band.
It's the largest of the IPOs opening this week after Zetwerk. Here's everything you need to know before deciding, without the hype.
Key Takeaways
- Dates: October 15–19, 2026; anchor bidding on October 14; listing on BSE and NSE expected on October 23.
- Price band: ₹558–586; lot size: 25 shares (₹14,650 at the upper band).
- Issue size: ₹2,533.66 crore, 100% OFS by Bonfiglioli S.p.A.
- Market value at the upper band: about ₹11,017 crore.
- GoPocket calculation: the OFS is about 23% of the company, and the price implies roughly 46x calendar-2025 profit.
Bonfiglioli Transmissions IPO Details at a Glance
| Detail | Information |
|---|---|
| IPO dates | October 15–19, 2026 |
| Anchor bidding | October 14, 2026 |
| Price band | ₹558 to ₹586 per share |
| Face value | ₹10 per share |
| Lot size | 25 shares |
| Minimum retail investment | ₹13,950 (lower band) to ₹14,650 (upper band) |
| Issue size | ₹2,533.66 crore (upper band) |
| Issue type | 100% offer for sale; no fresh issue |
| Selling shareholder | Bonfiglioli S.p.A. (promoter) |
| Reservation | QIB 50%, NII 15%, Retail 35% of the net offer |
| Expected listing | October 23, 2026 on BSE and NSE |
Sources: Free Press Journal, Gear Technology India and IPO Watch, October 12–13, 2026. Dates after closing are tentative.
What Does Bonfiglioli Transmissions Do?
Bonfiglioli Transmissions is the Indian subsidiary of Italy-headquartered Bonfiglioli S.p.A. It makes mechanical and electro-mechanical power transmission products, such as gearboxes, motors and industrial drive systems, used in sectors like manufacturing, construction equipment and renewable energy. The Bonfiglioli brand has a global history of nearly 70 years, Free Press Journal noted.
What Do the Financials Show?
The company follows a calendar-year financial year. According to RHP figures reported by IPO Watch:
| Year ended December 31 | Revenue (total income) | Profit after tax |
|---|---|---|
| 2024 | ₹1,861.16 crore | ₹195.16 crore |
| 2025 | ₹2,023.59 crore | ₹237.87 crore |
| Growth | About +8.7% | About +21.9% |
Growth rates calculated by GoPocket.
Profit grew more than twice as fast as revenue in 2025, which points to better margins. Investors should check whether that margin improvement is sustainable by reading the RHP's discussion of costs, pricing and royalty payments to the parent.
GoPocket Analysis: Valuation and What the OFS Means
Using the disclosed market value of about ₹11,016.56 crore at the upper band:
- Total shares: ₹11,016.56 crore ÷ ₹586 ≈ 18.8 crore shares.
- OFS as a share of the company: 4.32 crore ÷ 18.8 crore ≈ 23%.
- Price-to-earnings on 2025 profit: ₹11,016.56 crore ÷ ₹237.87 crore ≈ 46.3x.
- Value at the lower band: about ₹10,490 crore.
One more detail stands out. When the company filed its draft papers in February 2026, the OFS was for up to about 4.70 crore shares, Business Standard reported. The final offer of 4.32 crore shares is about 8% smaller. The promoter is selling less than originally planned.
Because this is a pure OFS, all proceeds go to the Italian parent. The company's balance sheet won't change, and there's no expansion or debt-reduction story attached. Valuation becomes the main thing to judge. Our explainer on OFS vs fresh issue in an IPO covers why that matters.
Which Listed Companies Are Comparable?
The RHP lists listed peers in power transmission and bearings, including Elecon Engineering, Shanthi Gears, Schaeffler India and Timken India. You can track Shanthi Gears, Schaeffler India and Timken India on GoPocket. Business mix, size and growth differ, so peer P/E comparisons should be used carefully.
What Are the Key Risks?
- No fresh capital. The company receives nothing from the IPO.
- Parent dependence. Brand, technology and royalties link the Indian business closely to the parent.
- Industrial cycle. Demand depends on capital spending in manufacturing and infrastructure.
- Valuation. At about 46x trailing profit, expectations are high.
- Market conditions. Several large IPOs are open at the same time, which can split investor demand.
Important IPO Dates to Remember
- Anchor bidding: October 14, 2026
- Subscription opens: October 15, 2026
- Subscription closes: October 19, 2026
- Allotment (tentative): October 21, 2026
- Listing (tentative): October 23, 2026
Track this and other open issues on the GoPocket IPO page. Also see our guides to the Zetwerk IPO and Tonbo Imaging IPO, which open on the same day.
Sources
- Free Press Journal, Bonfiglioli Sets ₹558–586 IPO Price Band, ₹2,534 Crore Share Sale Opens October 15, October 2026
- Gear Technology India, Bonfiglioli Transmissions Sets IPO Price Band at ₹558–₹586, October 2026
- Business Standard, Bonfiglioli Transmissions files DRHP for IPO; promoter to reduce stake, February 12, 2026
- IPO Watch, Bonfiglioli Transmissions IPO details and financials, October 2026
Disclaimer: This article is for information and educational purposes only. IPO details are based on public filings and media reports and may change. This is not a recommendation to apply for, buy or sell any security. Read the RHP and consult a SEBI-registered investment adviser before investing.
