Bonfiglioli Transmissions IPO: DRHP Filed, Italy-Based Group Eyes NSE-BSE Listing

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Bonfiglioli Transmissions Limited has officially filed its Draft Red Herring Prospectus (DRHP) dated February 9, 2026, for its upcoming Initial Public Offering (IPO). The company is a well-established name in the industrial engineering space and operates under the globally known Bonfiglioli Group, which is headquartered in Italy. Here is DRHP
Bonfiglioli is widely recognized for its advanced engineering products used in industrial automation and heavy machinery. Over the years, the company has built a strong presence in India by supplying power transmission solutions to multiple sectors. The filing of the DRHP indicates that the company is preparing for a mainboard listing and may soon enter the Indian stock market.

Bonfiglioli Transmissions has recently made a high-level board change by appointing Ravindra Pisharody as chairperson, strengthening its leadership as it moves closer to going public. Pisharody, who has been associated with the company since 2018, brings deep industry experience and will lead the board through this critical growth phase

Bonfiglioli IPO Key Details

As per the DRHP, the IPO is a 100% Book Built Offer.
The IPO is entirely an Offer For Sale (OFS), meaning no fresh issue will be made. The promoter selling shareholder will offer shares to the public.
  • Total Shares Offered: Up to 46,998,959 Equity Shares
  • Face Value: ₹10 per equity share
  • Issue Type: 100% OFS (No Fresh Issue)
Bonfiglioli Transmissions IPO Estimate Size is 2000 Crore 
  • Stock Exchanges: Proposed listing on BSE and NSE
The selling shareholder:- Bonfiglioli S.p.A.

About Bonfiglioli Transmissions

Bonfiglioli Transmissions Limited is engaged in the business of manufacturing and supplying power transmission and drive solutions. In simple words, the company produces high-performance mechanical systems that help large machines and industrial equipment run smoothly.
The company’s product portfolio includes solutions such as gearboxes, gear motors, planetary gear systems, and industrial drive products, which are widely used in heavy industrial applications. These products are considered critical components because they transfer power from motors to machines, helping industries improve efficiency and reduce downtime.
Bonfiglioli’s solutions are used across multiple industries where reliable performance is extremely important. This includes sectors like manufacturing, steel, cement, material handling, mining, and industrial automation. As India continues to expand its industrial infrastructure and automation adoption, demand for such specialized engineering products is expected to remain strong.
One of the biggest strengths of Bonfiglioli is that it operates as part of the Italy-based Bonfiglioli Group, which has a strong global presence and a long history in the engineering industry. Being part of an international group gives the company access to advanced technology, global expertise, and high-quality manufacturing practices, which helps it maintain competitive positioning in the Indian market.

Financial Performance:-

Particulars
9M ended Sep 30, 2025 (₹ Cr)
Year ended Dec 31, 2024 (₹ Cr)
Year ended Dec 31, 2023 (₹ Cr)
Year ended Dec 31, 2022 (₹ Cr)
Total Income
1,467.95
1,871.05
1,701.98
1,570.33
Total Expenses
1,246.11
1,626.47
1,492.74
1,345.21
Restated Profit After Tax (PAT)
165.19
194.69
149.53
171.45

IPO Allocation (Investor Category Reservation)

The IPO reservation structure is mentioned in the DRHP as follows:
  • QIB (Qualified Institutional Buyers): Up to 50%
  • NII (Non-Institutional Investors): Not less than 15%
  • Retail Individual Investors (RII): Not less than 35%
This is a standard mainboard IPO allocation structure, ensuring participation from institutions, HNIs, and retail investors.

Promoters of the Company

  • Sonia Bonfiglioli
  • Luciano Bonfiglioli
  • Luisa Lusardi
  • Bon-Fi S.r.l.
  • Bonfiglioli S.p.A.

Book Running Lead Managers & Registrar

The Book Running Lead Managers (BRLMs) for the IPO are:
  • Axis Capital Limited
  • BNP Paribas
  • ICICI Securities Limited
  • Jefferies India Private Limited

The Registrar to the issue is:

  • MUFG Intime India Private Limited (formerly Link Intime India Pvt Ltd)
After filing the DRHP on 9 February 2026, the next key step for Bonfiglioli Transmissions is to obtain SEBI’s observations and approvals. Once SEBI reviews the document and the company addresses any queries, Bonfiglioli will file its Red Herring Prospectus (RHP). After the RHP is filed and cleared, the IPO will be launched with a defined price band, an offer period, and then the public bidding will open. Typically, from DRHP filing to IPO launch and listing, the process can take around 7–8 months, depending on market conditions and regulatory timelines.

Also Read – SBI Mutual Fund IPO Timeline: DRHP Soon, Listing Likely by September 2026

Also Read – DRHP Filed IPO List | DRHP Filed With SEBI Company List | Mainboard IPO