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InvestmentsIPOBonfiglioli Transmissions IPO

Bonfiglioli Transmissions IPO

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Open Date

15 Oct 2026

Close Date

19 Oct 2026

Min Investment

₹ 13,950

Lot Size

25

Issue Size

₹ 2533.81 Cr

Price Range

₹ 558 - ₹ 586

Subscribed

0.06 x
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status

IPO Open Now.

IPO Timeline
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IPO Offer Start
15 Oct 2026
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IPO Offer Ends
19 Oct 2026
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Allotment Finalisation
21 Oct 2026
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Refund Initialisation
22 Oct 2026
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Non-Institutional Buyers (sHNI)
22 Oct 2026
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Listing of Shares
23 Oct 2026
IPO Subscription Details as on 15 Oct 2026, 10:42 AM
Qualified Instituational Buyers (QiB)
0 x
Retail
0.07 x
Employees
0.2 x
Total
0.06 x
Non-Institutional Buyer (bHNI)
0.07 x
Non-Institutional Buyer (sHNI)
0.12 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
Bonfiglioli Transmissions Limited is one of India's largest technology-led mechanical and electro-mechanical power transmission and industrial drive solutions providers, manufacturing precision-engineered gear motors, gearboxes, and drive systems across three verticals: Industry & Automation, Off-Highway Mobility, and Wind Industry. The company holds leading market shares of 25%, 32%, and 67.9% respectively in these verticals (as per F&S Report), supported by 25+ years of India operations and backed by its Italian parent, Bonfiglioli S.p.A. Operating three manufacturing facilities in Tamil Nadu and Maharashtra, the company reported revenue from operations of ₹20,135 million in FY2025, with an EBITDA margin of 18.41% and PAT margin of 11.76%, serving 930+ customers including marquee OEMs like JCB, Suzlon, and Schwing Stetter.
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Founded In

1998

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Director

Ravindra Pisharody

Financials of Bonfiglioli Transmissions IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsJun 2025Dec 2025Jun 2026
Operating Revenue960.352,013.521,131.86
Other Income6.1410.067.29
Total Income
966.492,023.581,139.16
Total Expenses
810.981,698.35939.25
Profit Before Tax155.51325.23199.91
Total Profit
114.96237.87148.58

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company intends to carry out an Offer for Sale of up to millions of Equity Shares of face value of Rs. each by the Promoter Selling Shareholder, aggregating to a specified amount in millions.-
The company aims to achieve the benefits of listing its Equity Shares on the Stock Exchanges to enhance visibility, brand image, and provide liquidity and a public market for the Equity Shares in India.-
The company will not receive any proceeds from the Offer; all Offer Proceeds will be received by the Promoter Selling Shareholder after deduction of Offer-related expenses and relevant taxes.-
The Offer expenses, estimated in millions, include listing fees, selling commission, brokerage, fees payable to BRLMs, legal counsel, Registrar, printing, advertising, and other incidental expenses for listing the Equity Shares.-
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  • End-to-end Technology-led Power Transmissions and Industrial Drive Solutions Provider: The company is recognized as the largest manufacturer of gearboxes and drives for OEMs and end-users in Industry & Automation, Off-Highway Mobility, and Wind sectors in India as of June 30, 2026 (Source: F&S Report), with capabilities spanning designing, manufacturing, and supplying products from motion control to power drives including gearboxes, gear motors, inverter controls, servo motors, and accessories.
  • Highly Diversified Offerings Across Business Verticals and Customer Industries: The company has manufactured and supplied more than 11,800 SKUs as of December 31, 2025, and is recognized as the only major gearbox supplier with a comprehensive portfolio serving Industry & Automation, Off-Highway Mobility, and Wind end-markets (Source: F&S Report), with no single end-user industry contributing more than 10% of Industry & Automation revenue.
  • Established Parentage and Trusted Brand Backed by Global and Local R&D Capabilities: The company benefits from the Bonfiglioli Group's global brand equity and R&D infrastructure, with the India R&D Centre in Chennai housing 119 engineers as of June 30, 2026, being the only test laboratory in India equipped to test yaw and pitch drives for wind turbines (Source: F&S Report); revenue from new products introduced in the preceding three years reached 29.72% in the six months period ended June 30, 2026.
  • Deep Relationships with Marquee Customers Built Through Decades of Collaboration: The company served more than 930 OEM customers directly in the six months period ended June 30, 2026, with seven of its top 10 OEM customers engaged for more than 10 years; the top 10 OEM customers accounted for less than 31.72% of revenue from operations, reflecting a well-diversified and loyal customer base.
  • Strong Sales Team, Dealer Network, and After-Sales Service Support: The company operates through a pan-India sales network of 13 sales offices and 64 sales employees, supported by 44 authorized dealers (36 exclusive) with 54 outlets as of June 30, 2026; 16 dealers have been associated for 20+ years, and after-sales services are provided through 15 in-house engineers and 13 third-party service facilities with an average next-working-day response time.
  • State-of-the-Art Manufacturing Infrastructure with Embedded Industry 4.0 Principles: The company operates three manufacturing facilities across Tamil Nadu and Maharashtra with aggregate capacity utilization improving from 64.22% in Fiscal 2023 to 75.04% in the six months period ended June 30, 2026, supported by advanced automation, IoT connectivity, robotic painting, SAP-enabled MRP, and real-time data analytics (Source: F&S Report).
  • Efficient and Localized Supply Chain Network: The company sources 68.32% of raw materials and components domestically as of the six months period ended June 30, 2026 (up from 64.12% in Fiscal 2023), supported by 285 suppliers with an average relationship tenure of approximately 12 years, with no single supplier exceeding 20% of total purchases.
  • Stable and Experienced Management Team Delivering Strong Financial Performance: The company is led by a management team with tenures ranging from 6 to 24 years, and has delivered revenue from operations of ₹11,318.69 million, EBITDA (excluding other income) of ₹2,238.74 million (19.78% margin), and restated PAT of ₹1,485.81 million in the six months period ended June 30, 2026, with ROCE of 20.03% and ROE of 14.66%.

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