Bonfiglioli Transmissions Limited Files DRHP for IPO with SEBI

Bonfiglioli Transmissions Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering, the company announced.

The offering comprises an Offer for Sale of up to 46,998,958 equity shares by Bonfiglioli S.p.A, the promoter selling shareholder. Each equity share has a face value of ₹10. The company has not disclosed the IPO's price band or size.

Bonfiglioli Transmissions is part of Italy-headquartered Bonfiglioli S.p.A, a global player in mechanical and electro-mechanical power transmissions and industrial drive solutions. The parent company reported revenue of Euro 1,190.9 million (₹105.91 billion) for the year ended December 31, 2024, according to the Frost & Sullivan Report cited in the filing.

The Indian subsidiary manufactures precision-engineered gearboxes and drive systems for diverse end-user markets across three business verticals: Industry and Automation Solutions, Off-Highway Mobility, and Wind Industries.

According to the Frost & Sullivan Report, Bonfiglioli Transmissions is the largest manufacturer of gearboxes and drives for original equipment manufacturers and end-users in its segments in India as of September 30, 2025, measured by revenue from operations. The company is also among the largest manufacturers of planetary gearboxes in India in Fiscal 2024 by revenue.

The company 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 and ₹1,946.89 million for the respective periods.

The Bonfiglioli brand has maintained a worldwide presence for nearly 70 years and has operated in India for over 25 years.

The promoters of Bonfiglioli Transmissions Limited are Sonia Bonfiglioli, Luciano Bonfiglioli, Luisa Lusardi, BON-FI S.r.l., and Bonfiglioli S.p.A.

The equity shares are proposed to be listed on BSE Limited and the National Stock Exchange of India Limited. Axis Capital Limited, BNP Paribas, ICICI Securities Limited, and Jefferies India Private Limited are the Book Running Lead Managers to the issue.