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 SEBI for an Initial Public Offering (IPO).
Sonia Bonfiglioli, Luciano Bonfiglioli, Luisa Lusardi, BON-FI S.r.l., and Bonfiglioli S.p.A are the promoters of the company.
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.
Bonfiglioli Transmissions Limited is a part of Bonfiglioli S.p.A headquartered in Italy, and according to the F&S Report, 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.
The company 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). Their legacy and reputation lie in the Bonfiglioli brand, which has a worldwide presence of nearly 70 years, and which has established in India through more than 25 years of operations.
The company broadly caters to three business verticals: Industry and Automation Solutions, Off-Highway Mobility and Wind Industries, based on the end-use applications.
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, according to the F&S Report. The company is also among the largest manufacturers of planetary gearboxes in India in Fiscal 2024 by revenue. (Source: F&S Report).
The company’s revenue from operations stood at ₹14,601.74 million for the nine months ended September 30, 2025, and ₹18,640.79 million for the year ended December 31, 2024, while profit after tax was ₹1,651.89 million and ₹1,946.89 million, respectively.
The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on the stock exchanges being the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”, and together with the 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.
DRHP Link: https://www.axiscapital.co.in/contents/Bonfiglioli%20Transmissions%20Limited-DRHP-1770695579.pdf
