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Bonfiglioli Transmissions Limited is the Indian arm of Italy's Bonfiglioli Group, a global leader in mechanical/electro-mechanical power transmission — gearboxes, gear motors, electric motors, variable frequency and servo drives (13 Nm to 1,400 kNm torque range) — serving Industry & Automation, Off-Highway Mobility, and Wind segments. IPO is entirely an Offer for Sale of 4.7 crore shares by promoter Bonfiglioli S.p.A, no fresh issue; estimated issue size >₹2,000 Cr. DRHP filed February 2026; SEBI observation received June 11-12, 2026. Price band and dates TBA.