Bonfiglioli Transmissions fixes Rs 558-586 band for Rs 2,534-crore IPO
In short
Bonfiglioli Transmissions set a Rs 558 to Rs 586 price band for its Rs 2,534-crore IPO. The issue opens on October 15, anchor bids come on October 14, and it closes on October 19.
This matters because investors now know the pricing and timetable for the listing. The report says it is an offer for sale by promoter Bonfiglioli SpA, but final investor demand is still unknown.
What the reporting says
Bonfiglioli Transmissions set a Rs 558-586 price band for its Rs 2,534-crore IPO, with subscription opening on October 15, anchor bidding on October 14, and closing on October 19, according to publisher-supplied summaries. The issue is described as an offer for sale by promoter Bonfiglioli SpA, with allotment due October 21 and expected listing on BSE and NSE by October 23. The immediate consequence is a scheduled market debut, while final demand remains unknown.
Why it matters
Bonfiglioli Transmissions fixed a Rs 558-586 price band for a Rs 2,534-crore IPO, with the subscription window running from October 15 to October 19 and anchor bidding on October 14. The summaries say it is an offer for sale by promoter Bonfiglioli SpA, with allotment on October 21 and expected listing on BSE and NSE by October 23. The reporting does not state demand or valuation beyond the band.