Bonfiglioli Transmissions Limited IPO
Offer terms, application timeline, financial context and company details in one place.
Issue at a glance
- Issue size
- ₹2,533.81 crore
- Face value
- ₹10
- Issue method
- Book Building
- Symbol
- BONFIG
- ISIN
- INE28SO01013
Subscription
31.77×overall subscribed
Demand by bid price
About the company
Bonfiglioli Transmissions Ltd is one of India’s leading technology-driven companies providing mechanical and electro-mechanical power transmission and industrial drive solutions. The company designs and manufactures high-precision, mission-critical gearboxes and drive systems that are used across a wide range of industries. Product Portfolio: Its product portfolio includes low, medium and heavy duty gear motors and gearboxes in torque capacities ranging from 13 Nm to 1,400 kNm Helical, bevel, planetary and worm gearboxes and gear motors, electric motors; variable frequency drives, servo motors and drives, and precision drives for robotics & automation solutions. The business serves three main market segments based on end-use applications, including Industry and Automation Solutions, Off-Highway Mobility, and Wind Industry.
Financial snapshot
| KPI | Jun 30, 2026 | Dec 31, 2025 |
|---|---|---|
| ROE | 14.66% | 25.66% |
| ROCE | 20.03% | 18.62% |
| RoNW | 14.37% | 23.96% |
| PAT Margin | 13.04% | 11.90% |
| EBITDA Margin | 19.78% | 18.37% |
| NAV | 55.02 | 52.82 |
| P/B (x) | 10.65 | 11.09 |
What to consider
Use of proceeds
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.
Business strengths
- End-to-End Power Transmission Solutions ProviderThe company is the largest manufacturer in India of gearboxes and drives for OEMs across Industry & Automation, Off-Highway Mobility and Wind sectors by revenue, offering end-to-end technology-led power transmission and co-engineered industrial drive solutions.
- Highly Diversified Product OfferingsThe company manufactures a wide range of precision-engineered gear motors, gearboxes and drive systems, having supplied more than 11,800 SKUs as of December 31, 2025, across diverse end-user industries and business verticals.
- Established Parentage and R&D BackingBacked by Bonfiglioli S.p.A., a globally recognized player with consolidated revenues of Euro 1,172.94 million for the year ended December 31, 2025, the company leverages global and local R&D capabilities, including the Bonfiglioli Group's India R&D Centre in Chennai.
Key risks
- Dependence on Limited SuppliersThe company depends on a limited number of suppliers for raw materials and components, with its largest supplier, a related party, accounting for 15.53% to 19.98% of total purchases across recent periods, exposing it to supply disruption risk given the absence of definitive supply agreements.
- Raw Material Price and Duty RiskIncreases in prices of raw materials and components, or levy of import duties on materials sourced from countries such as Vietnam, Japan, China and Italy, could adversely affect the company's business, financial condition, results of operations and cash flows.
- Manufacturing Facility DisruptionAny unscheduled or prolonged disruption at the company's manufacturing facilities in Thirumudivakkam, Mannur and Talegaon, due to factors such as equipment breakdown, labour disputes or utility interruptions, could adversely affect production schedules and financial performance.