Bonfiglioli Transmissions shares to list today: Check GMP ahead of debut

ETMarkets.com

The Rs 2,533.66 crore IPO comprised an offer for sale (OFS) of 4.32 crore shares, with no fresh issue component. As the offering was entirely an OFS, the company will not receive any proceeds from the IPO. Instead, the proceeds will go to the existing shareholders selling their stakes.

The IPO, which opened for subscription on October 15, 2026, and closed on October 19, 2026, was subscribed 46.05 times overall. The retail investor category was subscribed 5.90 times, while the qualified institutional buyer (QIB) portion, excluding anchor investors, saw 120.78 times subscription. The non-institutional investor (NII) category was subscribed 40.39 times.

Bonfiglioli Transmissions had fixed the IPO price band at Rs 558–Rs 586 per share. The shares are tentatively scheduled to list on the BSE and NSE on October 23, 2026.

Axis Capital, BNP Paribas, ICICI Securities and Jefferies India are the book-running lead managers for the issue, while MUFG Intime India is the registrar.

Bonfiglioli Transmissions IPO GMP Today

Bonfiglioli Transmissions’ latest grey market premium (GMP) was Rs 62 per share, translating into a premium of around 11% over the IPO’s upper price band of Rs 586. At this premium, the estimated listing price stands at approximately Rs 648 per share.

However, the GMP is an unofficial gauge of market sentiment and does not guarantee the actual listing price or investor returns. It may fluctuate ahead of the shares’ debut on the stock exchanges.

About Bonfiglioli Transmissions Ltd.

Bonfiglioli Transmissions Ltd. is one of India’s leading technology-driven companies offering mechanical and electromechanical power transmission and industrial drive solutions. Its product portfolio includes high-precision gearboxes, gear motors, electric motors, variable frequency drives, servo motors and precision drives for robotics and automation. The company serves three key segments: Industry and Automation Solutions, Off-Highway Mobility and Wind Industry, catering to both original equipment manufacturers (OEMs) and end-users.

As of June 30, 2026, the company had 71 customer sales and service touchpoints across India, including three manufacturing facilities, 13 sales offices, 13 authorised third-party service facilities and 44 authorised dealers operating 54 outlets. Its supplier network comprised 285 suppliers, including 215 in India and 70 overseas across countries such as Italy, China, the US and Germany. The company had 1,032 personnel, including on-roll employees and contract workers.