The allotment status will allow investors to check whether they have secured equity in the initial public offer. Bonfiglioli Transmissions' shares are scheduled to list on the BSE and National Stock Exchange platforms shortly. Adding to investor interest, the IPO's grey market premium (GMP) suggests strong debut performance. Market tracking indicates unofficial demand is currently around 23%, indicating expectations of a potential listing premium. Bonfiglioli Transmissions' latest grey market premium (GMP) stood at Rs 135 per share above the offer cap. The grey trading reflects activity indicating a premium of approximately 23% over the upper end of Rs 586. Based on this premium, the estimated listing price works out to approximately Rs 721 per equity share.
Following share allotment, refund initiation for unallotted applicants and credit of equity shares to demat accounts are scheduled for October 22, 2026.
The IPO, which opened for subscription on October 15, 2026, witnessed accelerating institutional demand. Bidding concluded strongly and closed on October 19, 2026, was subscribed 46.05 times across categories. The retail investor category was subscribed 5.90 times, while the institutional book dominated demand. Bidding was driven as qualified institutional buyer (QIB) category, excluding anchor investors, saw 120.78 times subscription. High net worth demand remained elevated as The non-institutional investor (NII) category was subscribed 40.39 times. Axis Capital, BNP Paribas, ICICI Securities and Jefferies India are coordinating book-running mandates. Financial institutions managed the book-running lead managers to the issue, while MUFG Intime acts as registrar.
The Rs 2,533.66-crore issue comprises an offer for sale (OFS) without fresh dilution. The equity sale consists of 4.32 crore shares, with no fresh issue component in the prospectus. Consequently, the company will not receive any proceeds from the public offering. Bonfiglioli Transmissions had fixed the IPO price band at Rs 558 to Rs 586 per share.
Bonfiglioli Transmissions Ltd. is one of India's leading technology-driven power transmission engineering operations. Its product portfolio includes high-precision gearboxes, gear motors, electric motors, and motion control assemblies. Advanced engineering spans variable frequency drives, servo motors and precision drives for robotics applications. The company serves three key segments: Industry and Automation Solutions, Off-Highway Mobility, and Wind Power. As of June 30, 2026, the company had 71 customer touchpoints operating across domestic territories. The footprint incorporates sales and service touchpoints across India, including three manufacturing facilities in key industrial hubs. Its supplier network comprised 285 suppliers, including 215 in India and 70 overseas partners. The company had 1,032 personnel, including on-roll employees and contract personnel.
