Bonfiglioli Transmissions IPO Opens for Bidding at ₹558–₹586 Price Band

Bonfiglioli Transmissions, India's largest power transmission and industrial drive solutions provider, opened its ₹2,533.66 crore IPO for bidding on October 15. The offer is entirely an offer for sale by promoters with a price band of ₹558 to ₹586 per share. The issue closes on October 19.

Analysts are largely bullish on the company, citing a strong dealer network and a diversified business model. SBI Securities recommends subscribing to the issue, while Anand Rathi has assigned a 'Subscribe for Long Term' rating. The company serves the Industry & Automation, Off-Highway Mobility, and Wind energy verticals.

Editor's note: The brief accurately summarizes the IPO details, pricing, and analyst sentiment provided in the source.