Bonfiglioli Transmissions is looking at raising up to ₹2,533.66 crore through its initial public offering (IPO), which opens for subscription on Thursday, October 15 and closes on Monday, October 19.
The company intends to sell shares in a price band of ₹558 to ₹586 per share. Each share carries a face value of ₹10 each.
The IPO will be a complete Offer For Sale (OFS) of 4.32 crore shares and no fresh issue, meaning the company will not receive any proceeds from the same.
One lot of Bonfigioli Transmissions’ IPO will comprise of 25 shares. Retail investors can bid for a minimum of 25 shares and then in multiples of 25 thereafter. The minimum investment that retail investors will have to make for one lot of shares is ₹14,650.
Half of the issue is reserved for qualified institutional buyers, including anchor investors, that is 50% or 2.15 crore shares worth ₹1,265.44 crore.
Retail investors have the second-highest reservation of 1.51 crore shares or 35% of the offer worth ₹885.81 crore.
High net-worth individuals (HNI) can subscribe to 15% of the offer or 64.78 lakh shares worth ₹379.63 crore.
Of them, 5% or 21.59 lakh shares worth ₹126.54 crore are reserved for small HNIs and 10% or 43.18 lakh shares worth ₹253.09 crore are reserved for large HNIs. Small HNIs can bid for a minimum of 350 shares, amounting to ₹2.05 lakh, while big HNIs can bid for a minimum of 1,725 shares of ₹10.10 lakh.
The company’s market capitalisation pre and post the issue would remain unchanged at ₹11,016.56 crore while promoter holding declines from 100% to 77% after the completion of the IPO.
As per the indicative timeline, the basis of allotment will be finalised on October 21 and equity shares will be credited to demat accounts and the remaining funds will be unblocked or refunded on October 22. The shares are likely to list on the National Stock Exchange and Bombay Stock Exchange on October 23, 2026.
Axis Capital, BNP Paribas, ICICI Securities and Jefferies India are the book running lead managers for the issue.
Bonfiglioli Transmissions is the manufacturer and distributor of gearmotors, gearboxes for mobile machinery, industrial processes, wind turbines. The company’s first facility was in Chennai which was later expanded. The Pune facility caters to various industries such as packaging, food, steel, cement, pharma, material handling, textile, power generation, sugar, paper and water treatment.