Bonfiglioli Transmissions IPO nears close with 22% GMP
In short
Bonfiglioli Transmissions’ Rs 2,534-crore IPO was in its final bidding day on October 19. The grey market premium fell to 22% from 30%, and the issue is an offer for sale of 4.32 crore shares.
What the reporting says
Bonfiglioli Transmissions’ Rs 2,534-crore IPO entered its final bidding day on October 19, with grey market premium easing to 22% from 30% earlier. The issue is entirely an offer for sale of 4.32 crore shares, so the company will not receive IPO proceeds. The reporting suggests moderating listing expectations, but the final subscription outcome and listing performance are not stated.
Why it matters
Bonfiglioli Transmissions’ IPO reached its final day of bidding on October 19, with the grey market premium slipping to 22% from 30% earlier. The issue is a pure offer for sale of 4.32 crore shares, meaning the company will not raise fresh money from the sale. This points to softer listing expectations, but the reporting does not confirm final demand or the post-listing price.