Bonfiglioli Transmissions IPO Review
Bonfiglioli Transmissions Ltd, one of the world’s largest players in mechanical and electromechanical power transmission and industrial drive solutions, plans to raise ₹2,534 Cr through an IPO.
[Fresh Issue NIL + OFS ₹2,534 Cr]
Bonfiglioli transmissions ipo price: ₹558–₹586 per share
Bonfiglioli Transmissions: History
The Company was originally incorporated as Bonfiglioli Deepak Pvt Ltd., at Chennai, Tamil Nadu, India, as a private limited company under the Companies Act, 1956, on June 23, 1998.
It was then converted into a public limited company on September 1, 2025, by a special resolution passed by the shareholders.
The Company changed its name to Bonfiglioli Transmissions Limited, and the RoC issued a fresh certificate of incorporation on September 16, 2025.
Bonfiglioli Transmissions: Business
Bonfiglioli Transmissions Limited is the Indian subsidiary of the Italy-based Bonfiglioli Group and has operated in the country since 1999.
The company designs, manufactures, and services mechanical and electro-mechanical power transmission products, gear motors, gearboxes, and inverter drive systems.
The markets that Bonfiglioli caters to are broadly categorized into three business verticals –
- Industry and Automation Solutions: It caters to sectors such as chemicals, food processing, material handling, mining, metalworking, and pharmaceuticals.
- Off-Highway Mobility: It supplies specialised drives for agricultural machinery, construction equipment, excavators, and mining applications.
- Wind Industries: This division manufactures yaw and pitch drives used in wind turbines.
According to the DRHP, the company was India’s largest manufacturer of gearboxes below 15 kNm and drives across its served industrial segments by revenue as of June 30, 2026.
Manufacturing Facilities
As of September 30, 2025, the company operated three manufacturing facilities in India, two in Tamil Nadu (Thirumudivakkam and Mannur) and one in Maharashtra (Talegaon).
These three facilities manufactured a combined total of 330,057 units of gear motors and gearboxes in FY24.
Network
As of June 30, 2026, the company had 71 touchpoints for customer sales and service across India.
These include 13 authorized third-party service facilities, 13 sales offices, and 44 authorized dealers with 54 outlets.
It has a network of 285 suppliers (215 in India and 70 overseas), including in Italy, China, Germany, and the USA.
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Strategies Ahead
Strengthen market leadership position by capitalizing on industry tailwinds across three business verticals.
Broaden product portfolio and accelerate new product launches.
Strengthen manufacturing operations with increasing local sourcing.
Strengthen market access & client relationships while remaining cost-effective.
Company Promoters
- Sonia Bonfiglioli,
- Luciano Bonfiglioli,
- Luisa Lusardi,
- Bon-Fi S.R.L.,
- Bonfiglioli S.P.A.
Refer to the Bonfiglioli Transmissions Limited DRHP for more details.
IPO Detail
ipo date: 15 Oct – 19 Oct 2026
Minimum Amount: ₹14,650
Minimum Bid: 25 Shares
Face Value: INR 10 per share
Listing On: NSE, BSE
Financial
Book Running Lead Managers
Axis Capital
BNP Paribas
ICICI Securities
Jefferies India
CONCLUSION
Considering financial performance and the nature of the business, FinBlab recommends a ‘SUBSCRIBE’ rating (keeping a long-term view in mind) for the Bonfiglioli Transmissions Limited IPO.
Do come back to learn more about “upcoming IPOs”.
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Disclaimer: This article is purely for informational purposes.
While much time and effort is made to provide the information, I (Vishal Dalwadi) or FinBlab do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.
