Overview
Updated 2 hr agoBonfiglioli Transmissions Limited is a technology-led provider of mechanical and electro-mechanical power transmission and industrial drive solutions in India. The company manufactures a wide range of precision-engineered gear motors, gearboxes, and drive systems for the industry and automation, off-highway mobility, and wind energy sectors.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 25 | ₹14,650 |
| Retail (max) | 13 | 325 | ₹1,90,450 |
| sNII (min) | 14 | 350 | ₹2,05,100 |
| bNII (min) | 69 | 1,725 | ₹10,10,850 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 12 Nov, 18:33 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 5 hr ago.
Issue details
| Status | Listed |
| Exchange | BSE, NSE |
| Segment | Mainboard |
| Price band | ₹558–586 |
| Final issue price | ₹586.00 |
| Face value | ₹10 per share |
| Lot size | 25 shares |
| Minimum investment | ₹14,650 |
| Issue size | ₹2,534 Cr |
| Fresh issue | ₹0.00 Cr |
| P/E at upper band | 46.3x |
| Registrar | MUFG Intime India Private Limited |
| NSE symbol | BONFIG |
| ISIN | INE28SO01013 |
Fresh issue vs offer for sale
Shareholder quota and promoter holding
Company & business
Incorporated in 1998, Bonfiglioli Transmissions Limited is a subsidiary of the Italian-based Bonfiglioli S.p.A. The company operates three manufacturing facilities in Tamil Nadu and Maharashtra, supported by a strong R&D ecosystem. It serves a diverse customer base, including OEMs in material handling, mining, construction, and renewable energy. The company's product portfolio includes gear motors, gearboxes, inverters, and servo drives, often co-engineered with customers to meet specific application requirements. With over 25 years of operations in India, the company leverages its parent's global expertise to provide localized, high-precision industrial solutions, maintaining a significant market share across its three primary business verticals.
Objects of the issue — how the money will be used
- Carry out the Offer for Sale
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges
Key strengths
- End-to-end technology-led power transmission and industrial drive solutions provider
- 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
- State-of-the-art manufacturing infrastructure with industry 4.0 principles
- Strong sales team and dealer network with after-sales service support
Key risks
- Reliance on information from the F&S Report commissioned by the company
- Non-availability of certain educational qualification records of an individual promoter
- Use of non-GAAP financial measures which may not be comparable across the industry
- Dependence on the Bonfiglioli Group for technology and R&D support
- Potential impact of industry-specific slowdowns despite diversification
- Risks associated with the manufacturing and supply chain operations
Promoters
Sonia Bonfiglioli, Luciano Bonfiglioli, Luisa Lusardi, BON-FI S.r.l., Bonfiglioli S.p.A.
Decoded from the RHP with AI on 31-Oct-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY23 | 1,687.33 | -- | 148.49 | 1,414.72 | 801.36 | 110.79 |
| FY24 | 1,854.18 | -- | 195.16 | 1,299.08 | 860.95 | 0.00 |
| FY25 | 2,013.53 | -- | 237.87 | 1,439.46 | 992.99 | 0.00 |
Key performance indicators · FY25
Peers & valuation
Listed peers as chosen by the issuer in the offer document (Basis for Issue Price).
| Company | Revenue (₹ Cr) | EPS (₹) | P/E | RoNW % | NAV (₹) |
|---|---|---|---|---|---|
| Bonfiglioli Transmissions this issue | 2,013.5 | 12.65 | 46.3x | 23.96 | 52.82 |
| Elecon Engineering Company Limited | 2,366.1 | 15.20 | 31.6 | 14.81 | 102.65 |
| Shanthi Gears Limited | 518.7 | 9.99 | 63.4 | 17.42 | 57.36 |
| Schaeffler India Limited | 9,685.9 | 73.60 | 53.7 | 19.02 | 386.94 |
| Timken India Limited | 3,478.0 | 55.16 | 57.7 | 13.68 | 403.31 |
This issue is priced at 46.3x P/E against a peer median of 55.7x: a discount of 17%. A measurement, not a verdict.
Documents and resources
Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.