Shardul Amarchand Mangaldas, Khaitan & Co act on Bonfiglioli ₹2,533 crore IPO

Bonfiglioli Transmissions Limited has made an initial public offering of equity shares comprised of an offer for sale by Bonfiglioli S.p.A., the company’s promoter, aggregating to ₹2,533.66 crore.

Shardul Amarchand Mangaldas & Co (SAM) advised Bonfiglioli Transmissions and its promoter, Bonfiglioli S.p.A., on this IPO.

The transaction team consisted of Nikhil Naredi (Partner), Karun Prakash (Partner), Trishita Dasgupta (Partner), Harini Jambunathan (Senior Associate), Anaya Jain (Associate) and Gouri Mahabalshetti (Associate).

Ritika Khare (Principal Associate) provided assistance.

Khaitan & Co advised the Book Running Lead Managers i.e., Axis Capital Limited, BNP Paribas, ICICI Securities Limited, and Jefferies India Private Limited, on this IPO.

The transaction team consisted of Abhimanyu Bhattacharya (Partner), Vijayaraghavan (Partner), Anshul Mordia (Senior Associate), Associates Hrishi Kapadia, Kaushlendra Palawat, Sakshi Verma and Siddharth Jain.

Bonfiglioli is a technology-led provider of mechanical and electro-mechanical power transmission and industrial drive solutions, manufacturing gear motors, gearboxes and drive systems. The Bonfiglioli group has a global presence spanning nearly 70 years and has operated in India for over 25 years.

The IPO witnessed strong investor demand, with the issue subscribed over 46 times overall and the qualified institutional buyer (QIB) portion was subscribed over 120 times.

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