The Rs 2,533 crore Bonfiglioli Transmissions IPO crossed the halfway mark on day two. Retail investors subscribed 0.69 times, while QIB demand remained low at 0.08 times. The issue opened on October 15 and will close on October 19, 2026. Shares are set to list on the exchanges on October 23.

The retail investor category was subscribed 0.69 times, while the qualified institutional buyers (QIB) category saw a subscription of 0.08 times. The non-institutional investors (NII) category was subscribed 0.94 times.

The IPO opened for subscription on October 15 and will close on October 19, 2026. The allotment is expected to be finalised on October 21, while the shares are tentatively scheduled to list on the BSE and NSE on October 23.

Bonfiglioli Transmissions IPO is a book-built issue worth Rs 2,533.66 crore. The issue is entirely an offer for sale (OFS) of 4.32 crore shares, meaning the company will not receive any proceeds from the public offering. The funds raised will go to the selling shareholders.

The company has fixed the price band at Rs 558 to Rs 586 per share. The lot size is 25 shares, requiring a minimum investment of Rs 14,650 for retail investors applying at the upper end of the price band.

The issue also includes a reservation of up to 50,000 shares for eligible employees, who will receive a discount of Rs 29 per share to the issue price.

Axis Capital Ltd is the book-running lead manager for the IPO, while MUFG Intime India Pvt Ltd is the registrar.

The IPO comprises a total of 4,32,39,042 shares. After excluding the 50,000 shares reserved for employees, the net offer to the public stands at 4,31,89,042 shares.

Of the net offer, 50 per cent, or 2,15,94,521 shares, has been allocated to qualified institutional buyers (QIBs). Non-institutional investors (NIIs) have been allocated 15 per cent, or 64,78,356 shares, while retail individual investors (RIIs) have been allocated 35 per cent, or 1,51,16,165 shares.

The company raised Rs 759.26 crore from anchor investors ahead of the public issue. The anchor investor bidding took place on October 14, 2026.

Bonfiglioli Transmissions Ltd is a technology-driven company that provides mechanical and electro-mechanical power transmission and industrial drive solutions. It designs and manufactures high-precision gearboxes and drive systems for applications across multiple industries.

Its product portfolio includes low-, medium- and heavy-duty gear motors and gearboxes, electric motors, variable-frequency drives, servo motors and drives, and precision drives for robotics and automation. Its gearbox and gear motor offerings include helical, bevel, planetary and worm variants, with torque capacities ranging from 13 Nm to 1,400 kNm.

The company's business operates across three main segments: Industry and Automation Solutions, Off-Highway Mobility, and Wind Industry. In the Industry and Automation Solutions segment, it serves original equipment manufacturers (OEMs) and end-users.

Bonfiglioli Transmissions operates three manufacturing facilities in India. Two are located in Tamil Nadu, at Thirumudivakkam and Mannur, while the third is in Talegaon, Maharashtra. Together, these facilities produced more than 3,41,133 gear motors and gearboxes in the financial year 2025.

As of June 30, 2026, the company had 215 suppliers in India and 70 suppliers outside the country. It also provides after-sales support through in-house service engineers based at its 13 sales offices across India, including offices at its manufacturing locations.

According to the company's restated financial information, total income stood at Rs 1,139.17 crore for the period ended June 30, 2026, while profit after tax (PAT) was Rs 148.58 crore.

For the year ended December 31, 2025, the company reported total income of Rs 2,023.59 crore and PAT of Rs 237.87 crore. In 2024, total income stood at Rs 1,861.16 crore and PAT at Rs 195.16 crore, compared with total income of Rs 1,701.80 crore and PAT of Rs 148.49 crore in 2023.

The company's EBITDA stood at Rs 223.87 crore for the period ended June 30, 2026, against Rs 370.77 crore in 2025, Rs 295.07 crore in 2024 and Rs 243.89 crore in 2023.

Its net worth increased to Rs 1,034.27 crore as of June 30, 2026, from Rs 975.25 crore at the end of December 2025, Rs 860.95 crore in 2024 and Rs 801.36 crore in 2023.

Since the IPO is entirely an offer for sale, the company will not receive funds from the issue for business expansion, debt repayment or other corporate purposes. The proceeds will instead be distributed to the selling shareholders.