Any Bonfiglioli Transmissions IPO review has to start with the size. At up to ₹2,533.66 crore, it’s the biggest issue opening this week. The gearbox and gearmotor maker takes bids from Thursday, 15 October to Monday, 19 October 2026, in a price band of ₹558–586 per share, CNBC-TV18 reported.
In this article
Bonfiglioli Transmissions IPO review: the essentials
- Issue size: up to ₹2,533.66 crore
- Structure: entirely an offer for sale (OFS) of 4.32 crore shares; there’s no fresh issue
- Price band: ₹558 to ₹586 per share, face value ₹10
- Lot size: 25 shares, so a retail investor needs at least ₹14,650 at the upper band
- Small HNI minimum: 350 shares (about ₹2.05 lakh); big HNI minimum: 1,725 shares (about ₹10.10 lakh)
- Market cap: about ₹11,016.56 crore, and it stays the same after the issue since no new shares are created
- Lead managers: Axis Capital, BNP Paribas, ICICI Securities and Jefferies India
Who gets how much
- QIBs (including anchors): 50%, or 2.15 crore shares worth roughly ₹1,265.44 crore
- Retail: 35%, or 1.51 crore shares worth roughly ₹885.81 crore
- HNIs/NIIs: 15%, or 64.78 lakh shares worth roughly ₹379.63 crore, split 5% for small HNIs and 10% for large HNIs
Key dates
On the indicative timetable, allotment gets finalised on 21 October. Shares hit demat accounts and refunds go out on 22 October, with listing on NSE and BSE expected on 23 October 2026. When the time comes, our IPO allotment status guide shows the ways to check whether you got shares.
What the business does
Bonfiglioli Transmissions makes and sells gearmotors and gearboxes used in mobile machinery, industrial processes and wind turbines. Chennai was home to its first plant. The Pune unit supplies a long list of industries: packaging, food, steel, cement, pharma, material handling, textiles, power generation, sugar, paper and water treatment.
With promoter holding falling from 100% to 77%, this IPO is about the parent selling down and creating a listed market for its Indian unit, not about raising growth capital.
What it means for investors
Since the whole thing is an OFS, the company itself gets nothing from the money raised. So the question is simple. Do the business’s earnings justify a market cap of around ₹11,000 crore? Put it side by side with Tonbo Imaging’s IPO, which runs on the same dates, and go through our IPO investing guide before you decide.
Source: CNBC-TV18, 12 October 2026. This is not a recommendation to subscribe.
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