Bonfiglioli Transmissions IPO Opens With 30% GMP as Investors Weigh Valuation and Long-Term Industrial Growth
Bonfiglioli Transmissions’ initial public offering opened for subscription on October 15, 2026, with the company seeking to raise Rs 2,533.66 crore through an offer for sale. The issue is priced in the Rs 558-586 range per share and is drawing attention in the grey market, where it is reportedly commanding a premium of about 30%. Brokerage view has added to the early interest, with Anand Rathi assigning a “Subscribe for Long Term” recommendation. Investors, however, are being urged to balance near-term listing sentiment against the fact that the issue is an OFS, meaning proceeds will go to existing shareholders rather than the company.
