Bonfiglioli Transmissions IPO
Mainboard • Equity • Offer for sale only
Bonfiglioli Transmissions
About the company
Bonfiglioli Transmissions Limited makes mechanical and electro-mechanical power transmission products. These are gearboxes and drive systems used inside machines. The company says it is one of India's largest technology-led providers of such products by revenue in the nine months ended 30 September 2025 (source: Frost & Sullivan report). It was incorporated in 1998 in Chennai as Bonfiglioli Deepak Private Limited and became a public company in September 2025. The company sells to three business verticals. Industry and Automation Solutions gave 41.56% of revenue from operations in 2024. The Wind Industry gave 32.16% and the Off-Highway Mobility Industry gave 23.38%. Other sales such as components gave 2.90%. In the nine months ended 30 September 2025, customers in India gave 72.94% of revenue and customers outside India gave 27.06%. The company manufactures at Thirumudivakkam and Mannur in Tamil Nadu and at Talegaon in Maharashtra. Thirumudivakkam has a machine shop and an assembly unit, and its machine shop ran at 79.53% of available hours in 2024. Mannur started making electric motors in October 2025. The company plans a new heavy-duty gearbox plant at Talegaon, on land now held by a group company, subject to MIDC approval. The company belongs to the Bonfiglioli Group of Italy, whose brand has a worldwide presence of nearly 70 years. Bonfiglioli S.p.A. holds 100.00% of the shares through itself and six nominees. As of 30 September 2025, the company had 975 personnel, of whom 590 were on-roll employees and 385 were contract labourers. The company produced 11,517 SKUs of gearboxes and gearmotors in 2024. The reporting year is the calendar year, ending 31 December. The latest period in the draft is the nine months ended 30 September 2025. The company allotted bonus shares in the ratio of 1 for every 2 held on 25 January 2026.
Bonfiglioli Transmissions makes gearboxes and drive systems for industry, off-highway vehicles and wind turbines at plants in Tamil Nadu and Maharashtra. Total income grew from Rs 1,701.80 crore in 2023 to Rs 2,023.59 crore in 2025, and profit after tax was Rs 237.87 crore in 2025.
IPO details
- Issue price
- ₹586
- Price band
- ₹558 – ₹586
- Face value
- ₹10
- Lot size
- 25
- Min investment
- ₹14,650
- Issue size
- ₹2,533.67 Cr
- Sale type
- Offer for sale only
- Listing on
- BSE, NSE
- BSE scrip code
- 8041
- NSE symbol
- BONFIG.NS
- Employee discount
- Rs 29.00 per share
Lot size & investment by category
| 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 |
| B-HNI (Min) | 69 | 1,725 | ₹10,10,850 |
Investor reservation
| CATEGORY | RESERVED |
|---|---|
| QIB | 2,15,94,521 shares (50.00% of the Offer) |
| NII | 64,78,356 shares (15.00% of the Offer) |
| Retail | 1,51,16,165 shares (35.00% of the Offer) |
| Employee | 50,000 shares (0.12% of the Offer) |
Objects of the issue
Financials
Rs. Crore • restated| METRIC | 30 Jun 2026 | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
|---|---|---|---|---|
| Assets | 1,495.82 | 1,439.46 | 1,299.08 | 1,414.72 |
| Total Income | 1,139.17 | 2,023.59 | 1,861.16 | 1,701.80 |
| Profit After Tax | 148.58 | 237.87 | 195.16 | 148.49 |
| EBITDA | 223.87 | 370.77 | 295.07 | 243.89 |
| NET Worth | 1,034.27 | 975.25 | 860.95 | 801.36 |
| Reserves and Surplus | 846.27 | 867.66 | 735.62 | 670.24 |
| Total Borrowing | 110.79 |
Key performance indicators
✓ Strengths
⚠ Risks
Promoters & holding
Sonia Bonfiglioli, Luciano Bonfiglioli, Luisa Lusardi, BON-FI S.r.l. and Bonfiglioli S.p.A.
Bonfiglioli S.p.A. holds 100.00% of the company before the issue, which includes 10 shares held through six nominees.
Data refreshed 09 Nov 2026, 03:30 am IST. GMP is unofficial market sentiment, not investment advice.