Shardul Amarchand Mangaldas & Co (SAM) and Khaitan & Co advised on Bonfiglioli Transmissions’ ₹2,533.66 crore IPO.
Bonfiglioli Transmissions Limited, a technology-led provider of mechanical and electro-mechanical power transmission and industrial drive solutions, manufacturing gear motors, gearboxes and drive systems, completed its initial public offering (IPO) aggregating to ₹2,533.66 crore (approximately US$268.27 million). The IPO was undertaken entirely through an offer for sale of 43,239,042 equity shares by its promoter, Bonfiglioli S.p.A.
The Bonfiglioli group has a global presence spanning nearly 70 years, operates in 80 countries and has been present in India for over 25 years. The offering marks the first public listing within the Bonfiglioli group. The IPO witnessed strong investor demand, with the issue subscribed over 46 times overall and the qualified institutional buyer (QIB) portion subscribed over 120 times. The equity shares of Bonfiglioli were listed on the BSE and NSE on October 23, 2026.
Shardul Amarchand Mangaldas & Co (SAM) advised Bonfiglioli Transmissions Limited (Bonfiglioli) and its promoter, Bonfiglioli S.p.A., on the Indian law aspects of the company’s initial public offering (IPO).
The transaction team comprised Partner Nikhil Naredi, Partner Karun Prakash, Partner Trishita Dasgupta, Senior Associate Harini Jambunathan, Associate Anaya Jain and Associate Gouri Mahabalshetti with assistance from Principal Associate Ritika Khare.
Khaitan & Co advised the book-running lead managers — Axis Capital, BNP Paribas, ICICI Securities and Jefferies India Private Limited on the INR 2,533 crore IPO of Bonfiglioli Transmission.
The deal team comprised Abhimanyu Bhattacharya, Vijayaraghavan Raman, Anshul Mordia, Kaushlendra Singh Palawat, Siddharth Jain, Hrishi Kapadia, Sakshi Verma and Debarshi Dastidar.
