From The Economic Times · Ritesh Presswala · · 1m 10s
Bonfiglioli Transmissions IPO Day 3: GMP at 22%
Bonfiglioli Transmissions IPO hits 22% grey market premium as subscription nears completion.
In brief
Bonfiglioli Transmissions IPO hits 22% grey market premium as subscription nears completion. Bonfiglioli Transmissions IPO achieved 99% subscription with 22% grey market premium, valued at 47.7x P/E ratio but rated 'Subscribe for Long Term' by Anand Rathi. Originally reported by The Economic Times.
IPO Day 3 Update
Bonfiglioli Transmissions IPO entered its third day of bidding on Monday, October 19, 2026.
Grey Market Premium
The IPO’s grey market premium stood at 22%, down from 30% earlier.
Subscription Status
The IPO was subscribed 99% overall against 3.02 crore shares on offer.
Retail Investor Demand
Retail Individual Investors subscribed 1.16 times their allotted portion.
IPO Structure
The Rs 2,533.66-crore IPO comprises an offer for sale of 4.32 crore shares with no fresh issue.
Price Band and Listing
The IPO price band is fixed at Rs 558, 586 per share with tentative listing on BSE and NSE on October 23, 2026.
Market Valuation
Anand Rathi values the company at 47.7 times CY26 P/E ratio and 60.7 times CY26 EV/EBITDA.
Investment Rating
Anand Rathi assigned a 'Subscribe for Long Term' rating to the IPO despite cyclical risks.
What it means
Bonfiglioli Transmissions IPO achieved 99% subscription with 22% grey market premium, valued at 47.7x P/E ratio but rated 'Subscribe for Long Term' by Anand Rathi.
