Chennai: Bonfiglioli Transmissions Limited, one of India’s largest technology-led mechanical and electro-mechanical power transmissions and industrial drive solutions providers, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (Bonfiglioli Transmissions IPO).
The Bonfiglioli Transmissions IPO is being undertaken by Bonfiglioli Transmissions Limited, whose promoters include Sonia Bonfiglioli, Luciano Bonfiglioli, Luisa Lusardi, BON-FI S.r.l., and Bonfiglioli S.p.A.
The offer comprises an Offer for Sale aggregating up to 46,998,958 Equity Shares by Bonfiglioli S.p.A (Promoter Selling Shareholder). The face value of each equity share is ₹10.
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Bonfiglioli Transmissions IPO Details and Promoter Information
Bonfiglioli Transmissions Limited is part of Bonfiglioli S.p.A, headquartered in Italy.
According to the F&S Report, Bonfiglioli S.p.A is one of the largest technologically advanced players globally in the mechanical and electro-mechanical power transmissions and industrial drive solutions industry, with a revenue of Euro 1,190.9 million (₹105.91 billion) for the year ended December 31, 2024.
Bonfiglioli Transmissions IPO: Business Operations and Industry Position
Bonfiglioli Transmissions Limited manufactures a wide range of mission-critical and highly precision engineered gearboxes and drive systems used across diverse end-user markets (Source: F&S Report).
The company’s legacy and reputation are rooted in the Bonfiglioli brand, which has a worldwide presence of nearly 70 years and has been established in India through more than 25 years of operations.
The company broadly caters to three business verticals based on end-use applications:
- Industry and Automation Solutions
- Off-Highway Mobility
- Wind Industries
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According to the F&S Report, Bonfiglioli Transmissions Limited is the largest manufacturer of gearboxes and drives for original equipment manufacturers (“OEMs”) and end-users engaged in Industry & Automation Solutions (gear motors < 15 kNm), Off-Highway Mobility and Wind Industries in India as of September 30, 2025, in terms of revenue from operations.
The company is also among the largest manufacturers of planetary gearboxes in India in Fiscal 2024 by revenue (Source: F&S Report).
Financial Performance
Bonfiglioli Transmissions Limited reported revenue from operations of ₹14,601.74 million for the nine months ended September 30, 2025, and ₹18,640.79 million for the year ended December 31, 2024.
Profit after tax stood at ₹1,651.89 million for the nine months ended September 30, 2025, and ₹1,946.89 million for the year ended December 31, 2024.
Bonfiglioli Transmissions IPO: Listing and Book Running Lead Managers
The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”, and together with BSE, the “Stock Exchanges”).
Axis Capital Limited, BNP Paribas, ICICI Securities Limited and Jefferies India Private Limited are the Book Running Lead Managers to the issue.
