Upcoming IPO: Bonfiglioli Transmissions files DRHP with SEBI, issue to be entirely OFS

Bonfiglioli Transmissions IPO: Bonfiglioli Transmissions, a premier designer and maker of gearmotors, has filed preliminary papers with the market regulator, the Securities and Exchange Board of India (SEBI), for an initial public offering.

The proposed initial share sale will be exclusively an offer for sale of 46,998,959 equity shares by promoter Bonfiglioli S.p.A., according to the draft red herring prospectus (DRHP).

Since there is no fresh issue component, the company will not receive any proceeds from the IPO, and funds raised will go to the selling promoter.

"Our company expects that the listing of the equity shares will enhance our visibility and brand image and provide liquidity and a public market for the equity shares in India," the firm said.

Last week, Bonfiglioli Transmissions appointed Ravindra Pisharody as Chairperson and Independent Director, along with Rossella Schiavini and Sundaresan Ananthanarayanan as Independent Directors to its board.

Axis Capital, ICICI Securities, Jefferies India and BNP Paribas are the issue's bookrunners' lead managers, while MUFG Intime India Pvt Ltd serves as the registrar.

The company's shares will be listed on the National Stock Exchange (NSE) and the BSE.

Under the allocation structure, 50% of the net offer is expected to be reserved for qualified institutional buyers (QIBs), while non-institutional investors (NIIs) and retail individual investors will be allotted 15% and 35%, respectively.

About Bonfiglioli Transmissions

Bonfiglioli Transmissions is among India's largest technology-led mechanical and electro-mechanical power transmission and industrial drive solution providers on the basis of revenue in the nine-month period ended September 30, 2025. It manufactures an array of mission-critical and highly precision-engineered gearboxes and drive systems utilised across diverse end-user markets.

The group serves more industries and applications than any other drives maker and is a market leader in many sectors; its three business verticals are Industry and Automation Solutions, Mobility and Wind Industries, and Selcom Group.