Business · Companies · 2 hrs ago
Bonfiglioli Transmissions plans Rs2,534 crore IPO
Bonfiglioli Transmissions plans a Rs2,534 crore IPO in India, selling shares held by its promoter group rather than issuing new shares.
The Italian promoter group's stake is expected to fall from 100% to 77% after the offer.
The company makes gearboxes and drive systems for industries including automation, construction, mining and wind power, and runs three factories in Tamil Nadu and Maharashtra.
It has a leading position in some markets, including a 67.9% share of domestic manufacturers' yaw and pitch drives for wind turbines in 2025.
Revenue and profit have grown, and its operating margin expanded from 2023 through the six months ending June 2026.
About 30% of its raw materials come from overseas, leaving the business exposed to currency movements; it also pays royalties to its promoter for intellectual property.
The IPO may suit investors willing to take high risks, while its valuation and exposure to currency changes are factors to weigh.
Bonfiglioli Transmissions plans to raise Rs2,534 crore through an initial public offering that will be an offer for sale.
The promoter group's stake is expected to fall from 100% to 77% after the IPO.
The company makes geared motors, gearboxes and drive systems for several industries.
Its revenue from operations rose to Rs2,013.5 crore in 2025, while net profit reached Rs237.9 crore.
The company faces currency risk because nearly 30% of its raw materials come from overseas.
- Who
- Bonfiglioli Transmissions, a manufacturer of geared motors, gearboxes and drive systems.
- What
- It plans to raise Rs2,534 crore through an offer-for-sale IPO.
- When
- The plan was reported on October 16, 2026.
- Where
- The company operates manufacturing facilities in Tamil Nadu and Maharashtra.
- Why
- The stated purpose is to raise funds through an offer for sale; the sources do not state a specific use for the proceeds.
This story does not have two clearly opposing sides.
Bonfiglioli Transmissions was incorporated.
Revenue from operations increased 9.2% annually to Rs2,013.5 crore, and net profit increased 27.4% annually to Rs237.9 crore.
The company had a 67.9% share among domestic manufacturers of yaw and pitch drives for wind turbines, according to Frost & Sullivan.
Revenue rose 17.9% and net profit rose 29.2% year on year.
The Economic Times reported that the company plans an Rs2,534 crore IPO.
- IPO size
- Rs2,534 crore
- Offer type
- Offer for sale
- Promoter stake
- Expected to fall from 100% to 77%
- 2025 revenue
- Rs2,013.5 crore
- 2025 net profit
- Rs237.9 crore
- Manufacturing locations
- Tamil Nadu and Maharashtra