Bonfiglioli Transmissions IPO
Bonfiglioli Transmissions IPO is a mainboard IPO raising ₹2,534 Cr at ₹558 – ₹586 a share. It listed on 23 Oct 2026 at ₹586, 0.0% against its issue price of ₹586, and trades at ₹614 today (+4.8% since issue). It was subscribed 46× in total.
46.1 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
100% of this issue is existing shareholders cashing out. Only ₹0 Cr reaches the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs586 + fresh by subtraction from exchange total Rs2534 Cr. Checked: exchange issue size Rs2534 Cr vs derived Rs2534 Cr (0.0% apart).
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 17% below the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Elecon Engineering Company Limited | 31.63× | 14.81% | ₹15.2 |
| Shanthi Gears Limited | 63.39× | 17.42% | ₹9.99 |
| Schaeffler India Limited | 53.74× | 19.02% | ₹73.6 |
| Timken India Limited | 57.66× | 13.68% | ₹55.16 |
| This issue | 46.3× | 23.96% | ₹12.65 |
derived: cut-off price Rs586 / stated EPS Rs12.65 (FY2025 (year ended December 31, 2025) diluted EPS from continuing operations, restated consolidated, weight 3). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.