# Bonfiglioli Transmissions IPO Day 3: GMP at 22%

> Bonfiglioli Transmissions IPO hits 22% grey market premium as subscription nears completion.
- Title: Bonfiglioli Transmissions IPO Day 3: GMP at 22% | Shortify
- Summary: Bonfiglioli Transmissions IPO hits 22% grey market premium as subscription nears completion. Bonfiglioli Transmissions IPO achieved 99% subscription with 22%…
- Keywords: bonfiglioli transmissions, ipo, gmp, anand rathi, rs 253366 crore, bse, nse, retail individual investors, qualified institutional buyers, money, business, Bonfiglioli
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/ipos/fpos/bonfiglioli-transmissions-ipo-day-3-gmp-at-22-issue-subscribed-99-should-you-apply/articleshow/135039410.cms
- Author: Ritesh Presswala
- Published: 2026-10-19T04:12:00+00:00
- Read time: 1 min
- Topics: bonfiglioli transmissions, ipo, gmp, anand rathi, rs 253366 crore, bse, nse, retail individual investors, qualified institutional buyers, money, business
## 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.
## Key takeaway

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.