Bonfiglioli Transmissions Limited is one of India’s largest technology-led manufacturers of mechanical and electro-mechanical power transmission and industrial drive solutions. Established in 1998, the company manufactures precision-engineered gear motors, gearboxes and drive systems. It is part of the Italy-based Bonfiglioli Group, which operates across 80 countries.
The company manufactures low, medium and heavy-duty gear motors and gearboxes with torque capacities ranging from 13 Nm to 1,400 kNm. Its products include helical, bevel, planetary and worm gearboxes, electric motors, variable frequency drives, servo motors and precision drives for robotics and automation.
The company operates across three business segments:
- Industry & Automation Solutions: Gearboxes and drive systems for material handling, mining, pharmaceuticals, textiles, packaging and industrial automation.
- Off-Highway Mobility: Transmission systems for excavators, construction equipment, agricultural machinery and mining vehicles.
- Wind Industry: Yaw and pitch drives for wind turbines, with an estimated 67.9% domestic market share by sales value in CY2025 among domestic manufacturers.
The company operates three facilities at Thirumudivakkam, Mannur and Talegaon, which collectively produced 341,133 gear motors and gearboxes in FY2025. Its manufacturing capabilities include machining, gear cutting, heat treatment and assembly, supported by automation and digital production systems.
During the six months ended June 30, 2026, the company served 935 customers, including JCB India, GMM Pfaudler, Schwing Stetter, Suzlon Energy and Nordex India. Its distribution network comprised 13 sales offices, 44 authorised dealers operating 54 outlets and 13 third-party service facilities as of June 30, 2026.
As of June 30, 2026, the company had a total workforce of 1,032 personnel, comprising 627 on-roll employees and 405 contract labourers.
Bonfiglioli Transmissions IPO – Details
| IPO Opening Date | 15 October 2026 |
| IPO Closing Date | 19 October 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 4,32,39,042 Shares Worth ₹2533.66 Crore Offer For Sale: 4,32,39,042 Shares Worth ₹2533.66 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹558 – ₹586 per share |
| Market Lot | 25 Shares |
| Min Order | 25 Shares [1 Lot] |
| Employee Discount | ₹29 |
| Listing At | BSE, NSE |
| Register | MUFG Intime India Pvt. Ltd. |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Bonfiglioli Transmissions IPO – Date Schedule
| IPO Open Date | 15 October 2026 |
| IPO Close Date | 19 October 2026 |
| Basis of Allotment | 21 October 2026 |
| Initiation of Refund | 22 October 2026 |
| Credit of Shares to Demat Account | 22 October 2026 |
| IPO Listing Date | 23 October 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 19, 2026 |
Bonfiglioli Transmissions IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹14,650 |
| Retail (Max) | 13 | 325 | ₹1,90,450 |
| S-HNI (Min) | 14 | 350 | ₹2,05,100 |
| S-HNI (Max) | 68 | 1700 | ₹9,96,200 |
| B-HNI (Min) | 69 | 1725 | ₹10,10,850 |
Competitive Strength
- End-to-end technology-led power transmissions and industrial drive solutions provider across business verticals.
- Highly diversified offerings across business verticals and customer industries.
- Established parentage and trusted brand backed by global and local R&D capabilities.
- Deep relationships with marquee customers built through decades of collaboration, a strong sales team and dealer network and after-sales service support.
- State-of-the-art manufacturing infrastructure with embedded industry 4.0 principles supported by an efficient and localized supply chain network.
- Stable and experienced management team delivering strong financial performance.
Company Promoters
- Sonia Bonfiglioli
- Luciano Bonfiglioli
- Luisa Lusardi
- Bon-FI S.R.L
- Bonfiglioli S.P.A.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 December 2023 | ₹1,701.80 Cr | ₹1493.63 Cr | ₹148.49 Cr | ₹110.79 Cr |
| 31 December 2024 | ₹1,861.16 Cr | ₹1616.16 Cr | ₹195.16 Cr | – |
| 31 December 2025 | ₹2,023.59 Cr | ₹1698.36 Cr | ₹237.87 Cr | – |
| 30 June 2026 | ₹1,139.17 Cr | ₹939.25 Cr | ₹148.58 Cr | – |
Key Performance Indicator
| KPI | Values (June 30, 2026) |
|---|---|
| ROE | 14.66% |
| ROCE | 20.03% |
| RoNW | 14.37% |
| PAT Margin | 13.04% |
| EBITDA Margin | 19.78% |
| NAV | 55.02 |
| Pre IPO | Post IPO | |
| EPS (₹) | 12.65 | 12.65 |
| P/E (x) | – | – |
Object Of The Issue
- The Bonfiglioli Transmissions Ltd. IPO is a 100% Offer for Sale (OFS), so the company will not receive any funding and the entire IPO proceeds will go to the selling shareholders.
Bonfiglioli Transmissions IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 1 | Elecon Engineering Company Limited | 31.63 |
| 2 | 1 | Shanthi Gears Limited | 63.39 |
| 3 | 2 | Schaeffler India Limited | 53.74 |
| 4 | 10 | Timken India Limited | 57.66 |
✅Strengths
- Strong Market Position with leadership across key drive markets in India.
- Diversified Products serving industrial, mobility and wind energy sectors.
- Global Brand Support backed by Bonfiglioli Group’s technology and R&D.
- Established Customers with long-standing OEM relationships.
- Product Innovation with new products contributing 29.72% of revenue in H1 FY2026.
⚠️Risks
- Customer Concentration with top 10 OEMs contributing 31.72% of revenue in H1 FY2026.
- Raw Material Costs may pressure profit margins.
- Currency Fluctuations may increase imported component costs.
- Group Dependence on certain technology, services and licensing arrangements.
- Demand Risk from changes in industrial activity and capacity utilisation.
Bonfiglioli Transmissions IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 77.00% |
Bonfiglioli Transmissions IPO Prospectus
Company Contact Information
| Bonfiglioli Transmissions Ltd. Plot No.AC7-AC11, SIDCO Industrial Estate, Thirumudivakkam, Kancheepuram, Tamil Nadu, 600132 Phone: 63858 63934 Email: btl.secretarial@bonfiglioli.com Website: https://www.bonfiglioli.in/en |
Bonfiglioli Transmissions IPO Registrar
| MUFG Intime India Pvt. Ltd. Phone: 022-49186000 Email: bonfigliolitransmissions.ipo@in.mpms.mufg.com Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
Bonfiglioli Transmissions IPO Lead Manager(s)
| 1. BNP Paribas 2. Axis Capital Limited 3. ICICI Securities Limited 4. Jefferies India Private Limited |
Bonfiglioli Transmissions IPO FAQs
| What is the Bonfiglioli Transmissions IPO? Bonfiglioli Transmissions IPO is a main-board IPO. The issue is priced at ₹558 to ₹586 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will the Bonfiglioli Transmissions IPO open? The IPO is to open on 15 October 2026 for QIB, NII, and Retail Investors. |
| What is Bonfiglioli Transmissions IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Bonfiglioli Transmissions IPO Size? Bonfiglioli Transmissions IPO size is ₹2,533.66 Crore. |
| What are the Bonfiglioli Transmissions IPO Minimum and maximum lot sizes for Retail? The minimum bid is 25 Shares with ₹14,650, while the maximum bid is 325 Shares with ₹1,90,450. |
| What is the Bonfiglioli Transmissions IPO Allotment Date? Bonfiglioli Transmissions IPO allotment date is 21 October 2026. |
| What is the Bonfiglioli Transmissions IPO Listing Date? Bonfiglioli Transmissions IPO listing date is 23 October 2026. The IPO is to be listed on the BSE and the NSE. |
