Bonfiglioli Transmissions IPO reaches Day 2 with 48% subscription
In short
Bonfiglioli Transmissions’ IPO moved into Day 2 after getting 48% subscription on Day 1 and a 24% grey market premium.
The offer is a Rs 2,533.66-crore offer for sale at Rs 558-586 per share. It matters because investors are watching demand, but the final subscription and listing outcome are still unknown.
What the reporting says
Bonfiglioli Transmissions’ IPO entered Day 2 with a 24% grey market premium and 48% overall subscription on Day 1, according to an Economic Times summary. The Rs 2,533.66-crore offer for sale is priced at Rs 558-586 per share, and Anand Rathi recommended it for the long term. The reporting does not state the final issue outcome or listing date.
Why it matters
Bonfiglioli Transmissions’ IPO entered Day 2 with a 24% grey market premium and 48% subscription on Day 1, according to an Economic Times summary. The Rs 2,533.66-crore offer for sale is priced at Rs 558-586 per share, and Anand Rathi gave it a long-term subscribe rating. The report does not say the final subscription level or listing performance.