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