BAJAJ FINSERV DIRECT LIMITED
IPO-Insights

Bonfiglioli Transmissions IPO Updates

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Learn about Bonfiglioli Transmissions Limited’s Draft Red Herring Prospectus filing, its mechanical and electro-mechanical power transmission business, financial performance, and the proposed offer structure as outlined in public disclosures.

Bonfiglioli Transmissions Limited, the Indian arm of Italy-based Bonfiglioli S.p.A and a leading player in mechanical and electro-mechanical power transmission and industrial drive solutions, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an initial public offering. The proposed Bonfiglioli Transmissions IPO update reflects a pure offer for sale by the promoter shareholder, aimed at providing liquidity and creating a public market for the company's equity shares in India.

Bonfiglioli Transmissions IPO Filing (DRHP)

The DRHP provides an overview of the proposed IPO and sets out the company’s financials, governance framework, and business outlook.

Filing Overview

Bonfiglioli Transmissions Limited filed its DRHP with SEBI on February 9, 2026. The filing is currently under regulatory review, and the equity shares are proposed to be listed on both the BSE and NSE subject to necessary approvals.

Issue Structure

As per the DRHP, the proposed IPO consists entirely of an offer for sale (OFS) with no fresh issue component.

Particulars Details

Issue Type

100% Offer for Sale (OFS)

Face Value

₹10 per equity share

Issue Size

Up to 4,69,98,958 equity shares (Market estimates based on media reports indicate a potential issue size exceeding ₹2,000 crore, subject to final pricing)

Proposed Listing

NSE and BSE

Book Running Lead Managers

Axis Capital, BNP Paribas, ICICI Securities, and Jefferies India

These details reflect indicative disclosures available at the DRHP stage and are subject to change based on SEBI observations and final approvals.

About the Company

Bonfiglioli Transmissions Limited is among the largest technology-led mechanical and electro-mechanical power transmission and industrial drive solution providers in India by revenue, as cited in the DRHP’s industry report. As a wholly-owned subsidiary of Italy's Bonfiglioli S.p.A, the company supports both domestic and export markets through a robust manufacturing footprint.

The company's diverse product portfolio caters to several high-growth industrial segments, including:

  • Material handling and conveyors

  • Automotive and off-highway equipment

  • Construction and mining machinery

  • Renewable energy and process industries

IPO Objectives

As the Bonfiglioli Transmissions IPO consists entirely of an Offer for Sale (OFS), the company will not receive any proceeds from the offer. The primary objectives of the IPO are summarized below:

Objective Category Details

Offer Type

100% Offer for Sale (OFS) by the promoter and selling shareholder, Bonfiglioli S.p.A.

Proceeds Utilization

No proceeds will accrue to Bonfiglioli Transmissions Limited; all proceeds go to the selling shareholder.

Public Market Creation

To establish a public market for the company's equity shares in India.

Brand & Visibility

To enhance the visibility and brand image of both the company and the Bonfiglioli Group within the Indian capital markets and industrial ecosystem.

Promoter Liquidity

To provide liquidity and a partial exit for Bonfiglioli S.p.A, which currently maintains 100% ownership of the company.

Financial Highlights

 

Public reports drawing from the DRHP indicate that Bonfiglioli Transmissions has achieved robust revenue and profit levels.

 

Fiscal Year / Period Revenue from Operations (₹ Cr) Profit After Tax (PAT) (₹ Cr) Notes/Highlights

Year ended Dec 31, 2024

1,864.08

194.69

Performance for the financial year ended December 31, 2024 as disclosed in the DRHP

9 months ended Sept 30, 2025

1,460.17

165.19

Performance leading up to the IPO.

*Detailed year-wise financial statements, including audited figures, are available in the DRHP and should be referred to for complete financial information.

 

Bonfiglioli Transmissions IPO Timeline Summary

The table below summarises the current status of the IPO process based on publicly available regulatory filings:

Milestone/Stage Date (or Status) Details

DRHP filed with SEBI

February 9, 2026

DRHP submitted for an IPO of up to 46,998,958 equity shares via OFS.

SEBI Observations

Ongoing/Awaited

Currently under regulatory review by SEBI.

Red Herring Prospectus (RHP)

To be announced

To be filed with RoC after addressing SEBI observations.

IPO Opening Date

To be announced

Bidding window dates awaited once approvals are finalised.

Listing on NSE/BSE

To be announced

Proposed listing following completion of allotment formalities.

Note: Investors should refer to official filings for final IPO dates to learn more about the IPO listing details and price, and listing timelines.

Check other upcoming ipo’s here : Upcoming IPO

Disclaimer

This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.

Sources

  • LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo

  • Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo 

  • Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/ 

  • NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos 

  • Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner 

FAQs

When did Bonfiglioli Transmissions Limited file its DRHP?

Bonfiglioli Transmissions Limited filed its Draft Red Herring Prospectus with SEBI on 9 February 2026, formally initiating the process for its proposed mainboard public listing.

The IPO is structured entirely as an offer for sale of up to 46,998,958 equity shares by the promoter, and media estimates suggest the total issue size may exceed ₹2,000 crore depending on final pricing.

The company operates in the industrial engineering sector, manufacturing mechanical and electro-mechanical power transmission solutions such as precision gearboxes and drive systems used across multiple industrial and automation applications.

The IPO is intended to provide partial exit and liquidity to the promoter, enhance corporate visibility, and create a public market for the company’s shares through listing on Indian stock exchanges.

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Hi! I’m Nupur Wankhede
BSE Insitute Alumni
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With a Postgraduate degree in Global Financial Markets from the Bombay Stock Exchange Institute, Nupur has over 8 years of experience in the financial markets, specializing in investments, stock market operations, and project management. She has contributed to process improvements, cross-functional initiatives & content development across investment products. She bridges investment strategy with execution, blending content insight, operational efficiency, and collaborative execution to deliver impactful outcomes.

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