Gearboxes and drive systems maker Bonfiglioli Transmissions, the wholly-owned subsidiary of Italy-based Bonfiglioli S p A, has filed a draft document with the Securities and Exchange Board of India on February 9 to raise funds via initial public offering (IPO).
The IPO comprises of entirely an offer-for-sale of 4.69 crore equity shares by promoter Bonfiglioli S p A, with no fresh issue component. This means the entire IPO proceeds will be received by the selling shareholder, and the company will not receive any funds from the IPO.
Bonfiglioli Transmissions expects that listing of its equity shares will enhance visibility and brand image and provide liquidity and a public market for the equity shares in India.
The company that claims to be one of India’s largest technology-led mechanical and electro-mechanical power transmissions and industrial drive solutions providers manufactures precision engineered gearboxes and drive systems catering to the needs of industrial processes, automation, off-highway mobility solutions and renewable energy applications.
The Bonfiglioli Group has operations spanning across 80 countries through 17 production sites, seven R&D centres, and a network of more than 550 distributors and resellers. It has 21 patents granted under the name of Bonfiglioli S p A.
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With three manufacturing facilities in Tamil Nadu, and Maharashtra, and R&D centre, Bonfiglioli Transmissions that competes with listed peers like Elecon Engineering Company, Shanthi Gears, Schaeffler India, and Timken India has recorded profit of Rs 165.1 crore on revenue of Rs 1,460.1 crore for six months period ended September 2025.
Profit in the financial year ended March 2025 grew by 30.2 percent to Rs 194.7 crore, up from Rs 149.5 crore in previous fiscal. Revenue during the same period increased 10.5 percent to Rs 1,864 crore, from Rs 1,687.5 crore.
The Tamil Nadu-based company majorly divides its business in three segments - industry & automation solutions, off-highway mobility industry, and wind industry which contributed around 42 percent, 25 percent, and 32 percent to topline, respectively.
Axis Capital, BNP Paribas, ICICI Securities, and Jefferies India are appointed as the merchant bankers for managing the Bonfiglioli Transmissions IPO.
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