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Bonfiglioli Tran IPO

Closing In

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WEBSITE Inc. Year: 1998 Industry: Electric Equipment

Profile
Issue Size 1774.54 Cr
Profile
Price Range 558  to  586 per share
Profile
Min Investment ₹586
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We are one of India’s largest technology-led mechanical and electro-mechanical power transmissions and industrial drive solutions providers by revenue in the nine months period ended September 30, 2025 (Source: F&S Report). We manufacture a wide range of mission-critical and highly precision engineered gearboxes and drive systems used across diverse end-user markets (Source: F&S Report). Our legacy and reputation lie in the Bonfiglioli brand, which has a worldwide presence of nearly 70 years, and which we have established in India through more than 25 years of operations. Our Corporate Promoter, Bonfiglioli S.p.A. is 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. It focuses on the development, manufacture and distribution of gearboxes and drive systems to cater to the needs of industrial processes, automation, off-highway mobility solutions and renewable energy applications. As at the date of this Draft Red Herring Prospectus, the Bonfiglioli Group has operations spanning across 80 countries through 17 production sites, seven R&D centres, a network of more than 550 distributors and resellers, and a workforce of more than 5,000 employees, with 21 patents granted under the name of Bonfiglioli S.p.A. The markets we cater to are broadly categorized into three business verticals: Industry and Automation Solutions, Off-Highway Mobility and Wind Industries, based on the end-use applications. We are among the largest manufacturers in India 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. We were also among the leading manufacturers of planetary gearboxes in India in the year ended December 31, 2024 by revenue. Read More

Basic Info

Face Value 10 per share

Price 558  to  586 per share

P/E (x) 56.9

Sales( Cr.) 1864

PAT( Cr.) 191

EPS 10.3

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Sonia Bonfiglioli Luciano Bonfiglioli Luisa Lusardi Bon-FI S.R.L Bonfiglioli S.P.A.

Pre Issue Share Holding 100%

Post Issue Share Holding --%

Listing Details:

Listing Price: --

Listing Gain: --

Current Price: --

Gain On Issue: 0 | 0%

GMP: 178

GMP %: 30.4 %

IPO Tentative Timetable

Opening Date Oct 15, 2026
Closing Date Oct 19, 2026
Allotment Oct 20, 2026
Refund Oct 21, 2026
Delivery of Shares Oct 21, 2026
Listing Date Oct 22, 2026

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 25 14,650
Retail (Max) 13 325 190,450
S-HNI (Min) 14 350 205,100
S-HNI (Max) 68 1700 996,200
B-HNI (Min) 69 1725 1,010,850

Objective of the Issue

Issue

Category Nos Bid Bid (x)
QIB 0 0 0x
NII 0 0 0x
Retail 0 0 0x
EMP 0 0 0x
Total 0 0 0x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Bonfiglioli Tran Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 TTM
Net Sales 653 778 566 977 982 987 1464 1559 1688 1864
Other Income 4 5 3 6 13 37 33 12 14 7
Total Income 657 782 569 984 995 1024 1497 1570 1702 1871
Total Expenditure 550 641 488 838 820 793 1221 1304 1443 1571
Operating Profit 107 141 80 145 175 231 276 266 259 300
Interest 7 6 3 4 5 6 7 7 13 10
Depreciation 27 29 19 26 29 34 33 34 36 45
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 73 106 58 115 141 191 236 225 209 245
Provision for Tax 25 37 21 42 44 50 63 56 62 53
Profit After Tax 48 69 37 72 98 142 173 169 148 191
Adjustments 0 0 0 0 0 0 0 3 2 4
Profit After Adjustments 48 69 37 72 98 142 173 171 150 195
Adjusted Earnings Per Share 2.5 3.7 1.9 3.8 5.1 7.4 8.8 8.6 7.5 10.2

Bonfiglioli Tran Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024
Shareholder's Funds 270 357 393 465 562 703 716 725 805 853
Minority's Interest 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities -5 -8 -18 -24 -11 -1 -3 -2 1 -3
Total Current Liabilities 182 179 218 294 297 355 413 484 572 403
Total Liabilities 447 528 593 735 848 1057 1127 1208 1378 1254
Fixed Assets 106 99 93 144 142 167 168 204 280 283
Other Non-Current Assets 9 10 20 11 41 28 35 39 36 35
Total Current Assets 332 419 480 580 666 862 924 964 1063 936
Total Assets 447 528 593 735 848 1057 1127 1208 1378 1254

Bonfiglioli Tran Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024
Opening Cash & Cash Equivalents 1 18 57 16 9 13 17 101 109 91
Cash Flow from Operating Activities 116 93 9 107 114 193 100 156 177 162
Cash Flow from Investing Activities -16 -18 -18 -140 -151 -152 175 -62 -79 122
Cash Flow from Financing Activities -85 -36 10 26 41 -36 -191 -87 -117 -229
Net Cash Inflow / Outflow 15 39 0 -7 4 5 84 8 -18 54
Closing Cash & Cash Equivalent 16 57 58 9 13 17 101 109 91 145

Bonfiglioli Tran Ratios

# Mar 2016 Mar 2017 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024
Earnings Per Share (Rs) 2.53 3.7 1.91 3.77 5.08 7.36 8.78 8.58 7.51 10.17
CEPS(Rs) 3.97 5.24 2.92 5.14 6.58 9.13 10.46 10.3 9.36 12.56
DPS(Rs) 0 0 0 0 0 0 9.33 11.67 0 3.67
Book NAV/Share(Rs) 14.38 18.13 20.42 24.18 29.24 36.56 36.41 36.88 40.95 45.38
Core EBITDA Margin(%) 14.83 16.54 13.3 14.22 16.47 19.65 16.58 16.32 14.47 15.72
EBIT Margin(%) 11.56 13.6 10.5 12.18 14.91 19.95 16.59 14.9 13.17 13.68
Pre Tax Margin(%) 10.54 12.83 9.98 11.75 14.4 19.36 16.11 14.44 12.4 13.12
PAT Margin (%) 6.86 8.41 6.31 7.42 9.95 14.33 11.79 10.83 8.75 10.25
Cash Profit Margin (%) 10.76 11.92 9.64 10.11 12.88 17.77 14.05 12.99 10.9 12.67
ROA(%) 10.63 14.24 6.56 10.92 12.33 14.85 15.81 14.46 11.42 14.52
ROE(%) 17.62 22.77 10.04 16.9 19.01 22.37 24.33 23.41 19.3 23.05
ROCE(%) 26.2 33.29 15.54 25.45 24.75 27.3 31.35 28.31 24.9 28.83
Receivable days 80.23 74.22 125.84 84.82 84.93 91.42 75.04 82.51 85.12 80.27
Inventory Days 59.28 54.58 96.09 67.06 65.76 63.71 55.65 62.21 64.28 62.88
Payable days 104.17 97.48 150.78 93.3 93.59 111.48 99.73 102.05 109.67 105.59
PER(x) 0 0 0 0 0 0 0 0 0 0
Price/Book(x) 0 0 0 0 0 0 0 0 0 0
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.22 0.1 0.17 0.05 -0.02 -0.17 -0.05 -0 -0.01 -0.01
EV/Core EBITDA(x) 1.35 0.56 1.18 0.33 -0.09 -0.71 -0.27 -0.01 -0.07 -0.06
Net Sales Growth(%) 0 19.14 -27.25 72.73 0.45 0.57 48.29 6.47 8.26 10.46
EBIT Growth(%) 0 40.25 -45.57 94.89 22.91 34.59 23.32 -4.41 -4.27 14.72
PAT Growth(%) 0 46.04 -47.03 97.2 34.72 44.89 22 -2.25 -12.48 29.4
EPS Growth(%) 0 46.04 -48.35 97.2 34.72 44.89 19.27 -2.25 -12.48 35.38
Debt/Equity(x) 0.13 0.04 0.06 0.11 0.18 0.11 0.08 0.2 0.14 0
Current Ratio(x) 1.83 2.34 2.2 1.97 2.24 2.42 2.23 1.99 1.86 2.32
Quick Ratio(x) 1.21 1.59 1.41 1.33 1.68 1.92 1.58 1.45 1.28 1.55
Interest Cover(x) 11.37 17.65 20.23 27.89 29.57 33.73 34.6 32.81 17.04 24.46
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 10% 8% 14% 0%
Operating Profit CAGR 16% 3% 11% 0%
PAT CAGR 29% 3% 14% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 23% 22% 22% 20%
ROCE Average 29% 27% 28% 27%

Company Contact Information

Bonfiglioli Transmissions Ltd.

Sunil Kumar

91 63858 63934

btl.secretarial@bonfiglioli.com

Plot No. A C7 - A C11 Sidco Industrial Estate Thirumudivakkam

IPO Lead Manager(s)

Bonfiglioli Transmissions Ltd.

Axis Capital Ltd.

BNP Paribas

ICICI Securities Ltd

Jefferies India Pvt Ltd.

Registrar Info

Bonfiglioli Transmissions Ltd.

MUFG Intime India Pvt Ltd.

C 101, 247 Park, LBS Marg, Vikhroli (W), Mumbai (Old Address:) C-13 Pannalal Silk Compound, L B S Marg, Bhandup Mumbai Maharashtra

+91 810 811 8484

91-022-49186060

rnt.helpdesk@in.mpms.mufg.com

https://in.mpms.mufg.com/

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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