Bonfiglioli Transmissions IPO Day 3: Subscribed 46.05x; QIB Demand at 120.78x
Key Highlights
Bonfiglioli Transmissions IPO (₹1775 crore mainboard IPO) was subscribed 46.05x on Day 3 of 3, with QIB at 120.78x.
Last updated: Mon, Oct 19, 2026, 10:30 PM IST · mainboard · & · Day 3 of 3
- Bonfiglioli Transmissions IPO subscribed 46.05x overall on Day 3, up from 0.99x on Day 2
- Total bids: 1,39,44,35,675 shares against 3,02,82,330 shares on offer
- Category-wise: 120.78x, 40.39x, 5.90x, Employee 7.42x
- Price band: ₹558 to ₹586 per share
- The issue closes on Mon, Oct 19, 2026
The Bonfiglioli Transmissions IPO concluded its third and final day of bidding with an overall subscription multiple of 46.05x as of 10:30 PM IST on October 19, 2026. This represents an increase from the 0.99x subscription recorded on the second day. The qualified institutional buyers (QIB) category, which includes financial institutions and mutual funds, led the demand with a subscription multiple of 120.78x.
Bonfiglioli Transmissions IPO Status: Day 3
Day-wise subscription
| Day | Date | Total bids (shares) | Bid value at upper band (₹ crore) | Subscribed (x) |
|---|---|---|---|---|
| Day 1 | Thu, Oct 15, 2026 | 1,44,52,325 | 846.91 | 0.48x |
| Day 2 | Fri, Oct 16, 2026 | 3,00,45,500 | 1,760.67 | 0.99x |
| Day 3 | Mon, Oct 19, 2026 | 1,39,44,35,675 | 81,713.93 | 46.05x |
Category-wise subscription
| Category | Shares offered | Day 2 bids | Day 2 (x) | Day 3 bids | Day 3 (x) |
|---|---|---|---|---|---|
| QIB | 86,37,808 | 13,77,400 | 0.16x | 1,04,33,08,675 | 120.78x |
| NII | 64,78,357 | 1,10,72,000 | 1.71x | 26,16,36,875 | 40.39x |
| of which individual NII | — | 1,04,87,050 | — | 24,91,86,850 | — |
| of which corporate NII | — | 2,27,000 | — | 21,55,275 | — |
| of which other NII | — | 3,57,950 | — | 1,02,94,750 | — |
| Retail | 1,51,16,165 | 1,74,90,925 | 1.16x | 8,91,19,050 | 5.90x |
| Employee | 50,000 | 1,05,175 | 2.10x | 3,71,075 | 7.42x |
| Total | 3,02,82,330 | 3,00,45,500 | 0.99x | 1,39,44,35,675 | 46.05x |
All investor categories subscribed to their allocated portions by the end of the issue. The QIB category reached 120.78x, followed by non-institutional investors (NII) at 40.39x. Retail investors and employees reached 5.90x and 7.42x respectively. The rise in the overall subscription multiple on the final day followed participation from institutional and non-institutional bidders.
Intraday subscription
| As of | Total bids (shares) | Total (x) | QIB (x) | NII (x) | Retail (x) |
|---|---|---|---|---|---|
| 12:00 PM | 6,66,60,600 | 2.20x | 0.19x | 6.06x | 1.70x |
| 10:30 PM | 1,39,44,35,675 | 46.05x | 120.78x | 40.39x | 5.90x |
Bonfiglioli Transmissions IPO Offer Details
| Field | Value |
|---|---|
| IPO date | Thu, Oct 15, 2026 to Mon, Oct 19, 2026 |
| Listing date | To be announced |
| Face value | ₹10 per share |
| Price band | ₹558 to ₹586 per share |
| Lot size | 25 shares |
| Total issue size | 3,02,82,330 shares (₹1,775 crore) |
| Listing at | NSE & BSE |
| Lead managers | Axis Capital Ltd., BNP Paribas, ICICI Securities Ltd, Jefferies India Pvt Ltd. |
| MUFG Intime India Pvt Ltd. |
About Bonfiglioli Transmissions
Bonfiglioli Transmissions Ltd. manufactures gearboxes, gear motors, and drive systems for the industry and automation, off-highway mobility, and wind energy sectors. As per the DRHP, the company serves a diverse base of original equipment manufacturers through three manufacturing facilities located in Thirumudivakkam, Mannur, and Talegaon. The business leverages the global legacy of its Italian parent, Bonfiglioli S.p.A., which has operated in the power transmission and industrial drive solutions market for nearly 70 years. The company has maintained a presence in India for 25 years, focusing on mission-critical precision-engineered components.
Bonfiglioli Transmissions Financial Highlights
| Metric | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| from operations (₹ crore) | 1,864.08 | 1,687.51 | 1,558.80 |
| Total income (₹ crore) | 1,871.05 | 1,701.98 | 1,570.33 |
| Profit after tax (₹ crore) | 191.12 | 147.70 | 168.75 |
| Net worth (₹ crore) | 853.09 | 805.34 | 725.37 |
| Total borrowings (₹ crore) | — | 110.79 | 143.74 |
| (₹) | 10.25 | 7.71 | 8.85 |
Revenue from operations grew by 8.3% in FY 2022-23 and by 10.5% in FY 2023-24. Profit after tax declined by 12.5% in FY 2022-23 but grew by 29.4% in FY 2023-24. The profit after tax margin was 10.83% in FY 2021-22, 8.75% in FY 2022-23, and 10.25% in FY 2023-24.
Risk Factors as per the DRHP
- The company faces customer concentration risk, as the top 10 original equipment manufacturer customers accounted for 31.72% of revenue from operations in the six months ended June 30, 2026.
- The business is exposed to the volatility of raw material prices, specifically for steel and aluminium, and maintains a dependence on global suppliers for certain key components.
- The company is involved in various outstanding legal proceedings, which include tax claims and regulatory matters that could impact its financial position.
How to Check Bonfiglioli Transmissions IPO Subscription Status
Live bidding figures are published by NSE & BSE while the issue is open. Once it closes, allotment status is published by the registrar, MUFG Intime India Pvt Ltd. (https://in.mpms.mufg.com/).
This article is for information only and is not investment advice. Subscription figures are based on exchange data as of Mon, Oct 19, 2026, 10:30 PM IST and can change. IPO investments are subject to market risks; read the offer document carefully before investing.