Home
Charts
Search
Watchlist
Products
All IPOs
₹586 - 586Day cells show that day's addition; Now is the running total. Amounts at the upper price band.
Bonfiglioli Transmissions Ltd
EngineeringIPO
₹586 - 586
Incorporated in 1998, Bonfiglioli Transmissions Ltd manufactures precision gearboxes, gear motors, and mobile drive systems as India's leading industrial power transmission provider. It secures this position by co-engineering drive units directly into the equipment platforms of original equipment manufacturers (OEM, the manufacturer that builds the final machine) and assembling them locally.
Lot25Min Invest₹14,650Face Value₹10Issue Size₹2,534 CrOffer for Sale₹2,534 Cr
Timeline
15 Oct
Bidding opens
19 Oct
Bidding closes
21 Oct
Allotment
22 Oct
Refund & demat credit
23 Oct
Listing
Subscription · As of 7:22 PM, 19 Oct
Demand by day
CategoryDay 1Day 2Day 5Now+0.08x+0.08x+120.62x120.8x+0.78x+0.93x+38.69x40.4x+0.57x+0.58x+4.75x5.91xOverall+0.48x+0.51x+45.07x46.1x
Shares & amount
CategorySubscriptionShares OfferedShares BidAmt ₹ CrQIB120.8x2.06 Cr248.36 Cr1,45,541.61NII40.4x61.69 L24.92 Cr14,603.13Retail5.91x1.44 Cr8.50 Cr4,981.35Total46.1x4.32 Cr199.16 Cr1,11,130.80
Reports
Offer Details
Terms
Issue Size₹2,534 Cr4.32 Cr shares
Offer for Sale₹2,534 Cr
Face Value₹10
Lot Size25 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹14,6501-13 lots
sNII₹2,05,100from 14 lots
bNII₹10,10,850from 69 lots
Managers & Registrar
Lead ManagerAxis Capital Ltd
Co-ManagerBNP Paribas, ICICI Securities Ltd, Jefferies India Pvt Ltd
RegistrarMUFG Intime India Pvt Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrBonfiglioli S.p.A.PRMTR4,32,39,0422,533.81Total4,32,39,0422,533.81
Shareholding
CategoryPre IPOPost IPOPromoter Group100%77%Public0%23%
Objects of the Issue
- Listing the Equity Shares on the Stock Exchanges.
Anchor Book
Bid Price₹586Shares1,29,56,712Amount₹759 CrMutual Funds59.22% of the book30-day lock-in19-Nov-202690-day lock-in18-Jan-2027
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | Latest |
|---|---|---|---|---|---|
| RevenueCr | 1,559 | 1,688 | 1,854 | 2,014 | 2,185 |
| Operating ProfitCr | 254 | 244 | 295 | 371 | 418 |
| OPM% | 16.3 | 14.5 | 15.9 | 18.4 | 19.1 |
| PBTCr | 225 | 209 | 245 | 325 | 421 |
| PATCr | 169 | 148 | 192 | 238 | 271 |
| EPS | 9 | 8 | 10 | 13 | 0 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | Latest |
|---|---|---|---|---|---|
| Equity CapitalCr | 131 | 131 | 125 | 125 | - |
| ReservesCr | 594 | 674 | 736 | 868 | - |
| BorrowingsCr | 149 | 120 | 7 | 3 | - |
| Fixed AssetsCr | - | - | - | 300 | - |
| Total AssetsCr | 1,222 | 1,396 | 1,299 | 1,439 | - |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | Latest |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 156 | 177 | 188 | 188 | - |
| Investing Cash FlowCr | -62 | -79 | 109 | -52 | - |
| Financing Cash FlowCr | -87 | -117 | -244 | -127 | - |
| Net Cash FlowCr | 8 | -18 | 54 | 9 | - |
Strengths & Risks
Strengths · as stated in the DRHP
- End-to-end technology-led power transmissions and industrial drive solutions provider across business verticals.
- Highly diversified offerings across business verticals and customer industries.
- Established parentage and trusted brand backed by global and local R&D capabilities.
- Deep relationships with marquee customers built through decades of collaboration, a strong sales team and dealer network and after-sales service support.
- State-of-the-art manufacturing infrastructure with embedded industry 4.0 principles supported by an efficient and localized supply chain network.
- Stable and experienced management team delivering strong financial performance.
Strategies · as stated in the DRHP
- Further strengthen our market leadership position by capitalizing on industry tailwinds across Industry & Automation Solutions, Off- Highway Mobility Industry and Wind Industry.
- Broaden product portfolio and accelerate new product launches.
- Continue to strengthen manufacturing operations with increasing local sourcing.
- Continue to strengthen market access and customer relationships while remaining cost effective.
Risks · as stated in the DRHP
- The company depends on a limited number of suppliers for procurement of raw materials and components required for its manufacturing operations. The company's largest supplier is Bonfiglioli Riduttori S.p.A, a related party. Purchases from its related parties represented 15.53%, 16.75%, 15.18%, 17.00% and 19.98%, and purchases from the company's top 10 suppliers represented 40.84%, 41.74%, 41.20%, 45.62% and 47.52% of its total purchases of raw materials and components in the six months periods ended June 30, 2026 and 2025 and in Fiscals 2025, 2024 and 2023, respectively. As the company does not have definitive agreements with its suppliers, any interruption in the availability of raw materials and components on account of any disruption, breakdown or shutdown of the company's suppliers operations could adversely impact its operations.
- Any increase in the prices of raw materials and components required for the company operations or levy of duties on the materials its import for the company operations, could adversely affect its business, financial condition, results of operations, and cash flows.
- Any unscheduled, unplanned or prolonged disruption of operations at the company's manufacturing facilities could materially and adversely affect its business, financial condition, results of operations and cash flows.
- Any actual or perceived defects in the company's gearboxes and drives systems or the sales and after-sale services provided through dealers or third parties may adversely impact the company's brand, reputation, and ability to sell its products, which could have an adverse impact on the company operations.
- The company depends on BSPA, one of its Corporate Promoters, for certain aspects of the company operations, including the license to manufacture and sell products under its intellectual property including the "Bonfiglioli" trade name and trademark for which the company pay a consideration of 6% of its annual sales of the specified products (excluding sales to BSPA and net of discounts and allowances). Any adverse change in the company's relationship with BSPA could have an adverse impact on its business, financial condition, results of operations, cash flows and reputation.
- The company depends on BSPA, one of its Corporate Promoters, and other companies in the Bonfiglioli Group for certain aspects of the company operations including administrative and corporate services. Any adverse change in its relationship with BSPA and the companies in the Bonfiglioli Group could have an adverse impact on the company's business, financial condition, results of operations, cash flows and reputation.