Bonfiglioli Transmissions IPO

Bonfiglioli Transmissions IPO is a book-built issue consisting entirely of an offer for sale of up to 4.70 crore equity shares. The equity shares are proposed to be listed on BSE and NSE.

Axis Capital Limited, BNP Paribas, ICICI Securities Limited and Jefferies India Private Limited are the book-running lead managers to the issue, and MUFG Intime India Private Limited is the registrar. For detailed information on the company's financials, business operations, and associated risks, investors are advised to refer to the Bonfiglioli Transmissions IPO DRHP.

About Bonfiglioli Transmissions Limited

Bonfiglioli Transmissions Limited was originally incorporated as Bonfiglioli Deepak Private Limited on June 23, 1998, under the Companies Act, 1956. The company subsequently changed its name to Bonfiglioli Transmissions Private Limited in September 1998 and was later converted into a public limited company as Bonfiglioli Transmissions Limited on September 16, 2025.

The company is one of India’s largest technology-led manufacturers of mechanical and electro-mechanical power transmission systems and industrial drive solutions. It designs and manufactures a broad portfolio of precision-engineered gearboxes, gear motors, drive systems, electric motors, servo drives, robotic drives, and wind turbine drive solutions that are used across a wide range of industrial applications.

Bonfiglioli serves three key business verticals: Industry & Automation Solutions, Off-Highway Mobility, and Wind Industry Solutions. Its products support sectors such as material handling, chemicals, pharmaceuticals, mining, food processing, metal processing, machine tools, construction equipment, agriculture, road construction, and renewable energy. The company has developed long-standing relationships with several leading original equipment manufacturers (OEMs) across these segments.

The company benefits from its association with the global Bonfiglioli Group, headquartered in Italy, which has a presence across multiple countries through manufacturing facilities, research and development centres, distributors, and resellers. Leveraging global technology, engineering expertise, and local manufacturing capabilities, Bonfiglioli has established a strong position in India's industrial transmission and drive systems market.

Bonfiglioli’s growth strategy focuses on expanding its manufacturing capabilities, enhancing localisation, strengthening research and development, increasing penetration across high-growth industrial sectors, and capitalising on opportunities arising from automation, infrastructure development, renewable energy expansion, and the growing adoption of advanced motion and power transmission technologies across industries.

Industry Outlook

• India’s industrial power transmission and drive solutions market is expected to benefit from increasing investments in manufacturing, infrastructure development, industrial automation, and renewable energy projects.
• Government initiatives such as Make in India, the Production Linked Incentive (PLI) schemes, and the National Manufacturing Mission are supporting domestic manufacturing growth and encouraging industrial capacity expansion.
• Rising automation across industries is driving demand for advanced gearboxes, precision drives, servo systems, and motion control solutions that improve operational efficiency and productivity.
• The construction, mining, agriculture, and material handling sectors continue to generate significant demand for off-highway mobility solutions as infrastructure and capital expenditure activities accelerate.
• India’s wind energy sector is witnessing sustained growth, supported by renewable energy targets, increasing installation activity, and the expansion of domestic wind turbine manufacturing capacity.
• Localisation of manufacturing and supply chains is becoming increasingly important as companies seek to improve cost competitiveness, reduce import dependence, and shorten delivery timelines.
• Industry participants with strong technology capabilities, diversified product portfolios, established OEM relationships, and extensive service networks are expected to benefit from the sector’s long-term growth opportunities.

Bonfiglioli Transmissions IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

• Carry out the Offer for Sale of up to 46,998,959 equity shares by the Promoter Selling Shareholder.
• Achieve the listing of the company’s equity shares on the stock exchanges.
• Enhance the company’s visibility and brand recognition among customers, suppliers, investors, and business partners.
• Improve market credibility through a publicly listed status.
• Provide an exit and liquidity opportunity for the Promoter Selling Shareholder through the Offer for Sale.
• Broaden the company’s shareholder base and facilitate participation from institutional and retail investors.
• Create a public market for the company’s equity shares and improve overall share liquidity.

Financial Performance of Bonfiglioli Transmissions Limited

Bonfiglioli Transmissions Limited Peer Details Comparison

Strengths and Opportunities of Bonfiglioli Transmissions IPO

1. One of India’s largest technology-led mechanical and electro-mechanical power transmission and industrial drive solution providers.
2. Strong association with the globally recognised Bonfiglioli Group, which possesses extensive industry expertise and technological capabilities.
3. Diversified presence across Industry & Automation, Off-Highway Mobility, and Wind Industry segments.
4. Broad portfolio of mission-critical and precision-engineered products catering to multiple end-user industries.
5. Leading market position in key business verticals, including the wind industry segment.
6. Long-standing relationships with several leading OEM customers, many of whom have been associated with the company for more than a decade.
7. Strong manufacturing capabilities supported by localisation initiatives and advanced engineering expertise.
8. Well-positioned to benefit from growth in automation, infrastructure development, manufacturing expansion, and renewable energy investments.
9. Backed by global research and development capabilities, established distribution networks, and a strong industry reputation built over more than 25 years in India.

Risks and Threats of Bonfiglioli Transmissions IPO

1. Revenue concentration in industrial, off-highway mobility, and wind energy sectors may expose the business to slowdowns in these industries.
2. Dependence on key OEM customers could adversely impact revenue if customer relationships weaken or orders decline.
3. Exposure to fluctuations in raw material prices may affect profitability and operating margins.
4. Intense competition from domestic and international power transmission and industrial drive solution providers.
5. Dependence on the Bonfiglioli brand and group technology may create business risks if group support or brand value is adversely affected.
6. Cyclical demand patterns in manufacturing, construction, mining, agriculture, and renewable energy sectors may affect business performance.
7. Foreign exchange fluctuations may impact earnings due to imports, exports, and global group transactions.
8. Any delays or disruptions in supply chains, component sourcing, or manufacturing operations could affect production schedules and customer deliveries.
9. Changes in regulatory policies, environmental requirements, labour regulations, or economic conditions could adversely impact operations and future growth prospects.

Bonfiglioli Transmissions IPO Reservation

Bonfiglioli Transmissions IPO Promoter Holding

The promoters of the company are Sonia Bonfiglioli, Luciano Bonfiglioli, Luisa Lusardi, Bon-FI S.R.L and Bonfiglioli S.P.A.

Bonfiglioli Transmissions IPO Prospectus

• Bonfiglioli Transmissions IPO DRHP

Bonfiglioli Transmissions IPO Registrar and Lead Managers

Bonfiglioli Transmissions IPO Lead Managers

• Axis Capital Limited
• BNP Paribas
• ICICI Securities Limited
• Jefferies India Private Limited

Registrar for Bonfiglioli Transmissions IPO

MUFG Intime India Private Limited

• Contact Number: 49186000
• Email Address: ipo@in.mpms.mufg.com

Bonfiglioli Transmissions IPO Registrar

How To Apply for Bonfiglioli Transmissions IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Bonfiglioli Transmissions IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How To Check the Allotment Status of the Bonfiglioli Transmissions IPO?

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2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
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Contact Details of Bonfiglioli Transmissions IPO

Registered Office: Plot No. AC7-AC11, SIDCO Industrial Estate, Thirumudivakkam, Kancheepuram, Tamil Nadu, 600132.

Phone: +91 63858 63934

E-mail: btl.secretarial@bonfiglioli.com