Bonfiglioli Transmissions sets ₹558-586 price band for ₹2,534-cr IPO
The issue will open for public subscription on October 15 and conclude on October 19, while the bidding for anchor investors will take place on October 14
Indian transmission components manufacturer Bonfiglioli Transmissions Ltd has announced a price range of ₹558 to ₹586 per share for its ₹2,534 crore public offering. The IPO will be open for subscription from October 15 to October 19, with anchor investor bidding commencing on October 14. The offering consists entirely of shares owned by parent company Bonfiglioli S.p.A., with no additional issuance component.
Consequently, the company will not receive any funds from the public sale, as the proceeds will go to the selling shareholder. Bonfiglioli Transmissions specializes in precision-engineered mechanical and electro-mechanical power transmission and industrial drive solutions, catering to various end-user markets. The company, operating under the Bonfiglioli brand, has a global presence dating back nearly 70 years in business, with operations in India lasting over a quarter of a century.
The shares are set to be listed on both the BSE and NSE on October 23, with Axis Capital, BNP Paribas, ICICI Securities, and Jefferies India serving as the lead managers for the issue.
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