Bonfiglioli Transmission India lists in India today with grey market premium near 11%
Shares of Bonfiglioli Transmission India begin trading on Friday. The IPO drew 46 times subscription, and the unofficial grey market premium is around 11%.
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what happened
Shares of Bonfiglioli Transmission India Ltd. are set to start trading on the stock market on Friday, October 23, according to TradingView. The initial public offering worth 2,533.66 crore rupees was subscribed 46.05 times overall.
The subscription ran from October 15 to October 19. The qualified institutional buyers segment, excluding anchor investors, was subscribed 120.78 times, non-institutional investors 40.39 times, and retail investors 5.90 times. The offering was entirely an offer for sale, so the company receives no proceeds. The price band was 558–586 rupees per share, with a post-issue market capitalisation target of around 11,017 crore rupees.
For the six months ended June 2026, the company reported profit of 148.6 crore rupees versus 115 crore a year earlier, while revenue rose 17.9% to 1,131.9 crore rupees.
why it matters
The grey market premium (GMP) is an unofficial indicator that is not regulated by exchanges and does not guarantee the actual listing price. SBI Securities' 'Subscribe' rating cites the diversified business model and industry tailwinds in automation, off-highway mobility and wind energy.
market impact
Indian equity market: a heavily oversubscribed new listing, with interest in the industrial machinery sector
tags
instruments
sources
- Bonfiglioli Transmission IPO listing today: GMP at 11%; issue subscribed 46 times — TradingView, 23 October 2026 at 02:31 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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