Bonfiglioli Transmissions IPO Day 2: GMP Soars to 24%—Is Now the Time to Subscribe?

Bonfiglioli Transmissions’ IPO has entered its second day of bidding as of October 16, 2026, showcasing a mixed reception from the market. The IPO, with a size of Rs 2,533.66 crore, is entirely an offer for sale (OFS) of 4.32 crore shares. Its price band has been set between Rs 558 and Rs 586 per share, with the issue slated to close on October 19, 2026. The estimated listing date for the shares on the BSE and NSE is October 23, 2026. Currently, the overall subscription is at 48%, indicating moderate interest, particularly strong among Retail Individual Investors (RIIs) who have subscribed 57% of their reserved shares.

The grey market premium (GMP) for the Bonfiglioli Transmissions IPO has shown some fluctuation, currently standing at approximately 24%, down from an earlier 30%. This suggests a cooling of unofficial market expectations regarding listing gains, which points to a cautious sentiment. At the current GMP, the estimated listing price could reach around Rs 726 per share. Nonetheless, investors should be aware that the GMP is an unofficial measure and does not guarantee actual performance once the shares hit the market.

For Indian investors, the Bonfiglioli Transmissions IPO presents both opportunities and risks. While the company is poised in a growing sector with promising advancements in industrial automation, concerns regarding market saturation and cyclical demand could pose challenges. With its high valuation ratios, it appears fully priced, making it essential for retail investors to weigh long-term growth potential against the inherent risks. The brokerage Anand Rathi has attributed a “Subscribe for Long Term” rating, indicating confidence in the company’s future prospects despite current volatility.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)