Bonfiglioli Transmissions IPO Day 2: GMP ₹160 (₹-21)
Welcome back, investors! It’s Day 2 of the Bonfiglioli Transmissions IPO, and we’re here to give you the latest on how the issue is performing. As of today, October 16, 2026, the subscription numbers are still holding steady at zero across all categories. While this might sound concerning at first glance, it’s not entirely unusual for IPOs, especially early on. Let’s dive deeper into what this means.
| Date | GMP | Est. Listing |
|---|---|---|
| 22 Oct | +₹66 | ₹652 |
| 21 Oct | +₹115 | ₹701 |
| 20 Oct | +₹138 | ₹724 |
| 19 Oct | +₹125 | ₹711 |
| 18 Oct | +₹132 | ₹718 |
Subscription Status
The subscription figures for Bonfiglioli Transmissions on Day 2 are currently showing 0x for Retail, 0x for NII (Non-Institutional Investors), 0x for QIB (Qualified Institutional Buyers), and consequently, a total subscription of 0x. This is a common scenario in the initial days of an IPO. Most of the action, particularly from institutional investors like QIBs, often picks up pace towards the latter half of the subscription period. Retail investors and HNIs (High Net Worth Individuals) might also wait to gauge the initial interest before committing. The fact that there’s no rush yet doesn’t necessarily signal a lack of interest, but it does mean that the real test of investor appetite is yet to come. We’ll be watching closely as we move into Day 3 and beyond to see if this changes.
| Category | Subscription | Progress |
|---|---|---|
| Retail | 5.90x | |
| NII / HNI | 40.39x | |
| QIB | 120.78x | |
| Total | 120.78x |
GMP Update
Now, let’s talk about the Grey Market Premium (GMP). Yesterday, the GMP for Bonfiglioli Transmissions was at ₹181. Today, it has seen a slight dip and is currently standing at ₹160. This represents a decrease of ₹21. While a decrease in GMP can sometimes be a red flag, it’s important to remember that GMP is a dynamic indicator and can fluctuate based on market sentiment and early subscription trends. A ₹21 drop isn’t drastic, and the GMP still suggests an expected listing price of around ₹746 (Issue Price of ₹586 + GMP of ₹160). This indicates that the market still anticipates a healthy premium on listing. However, this downward trend is something to keep an eye on.
Should You Apply?
So, the big question: should you be applying for the Bonfiglioli Transmissions IPO at this stage? Based on the current data, it’s a mixed bag. The zero subscription numbers on Day 2, while typical, don’t offer much to go by. However, the GMP, despite its slight dip, still points towards a potentially profitable listing. It’s crucial to remember that the IPO period runs from October 15 to October 19, 2026, giving investors ample time to make a decision. We’re still early in the game, and a lot can change in the remaining days. As per SEBI advisor guidelines, it’s always prudent to conduct your own research and consider your risk appetite. The lot size is 25 shares, so keep that in mind for your investment calculations. The bottom line is, don’t make a hasty decision. Wait for more subscription data to emerge, especially from the institutional segment, and monitor the GMP’s movement. You can View Full Bonfiglioli Transmissions IPO Details for a comprehensive overview.