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The Economic Times

Business

Ritesh Presswala

Bonfiglioli Transmissions IPO Day 2: GMP at 24%; Check subscription status. Should you subscribe?

GMP IPO Anand Rathi

Bonfiglioli Transmissions' initial public offering (IPO) entered its second day of bidding on Friday, October 16, 2026, amid a mixed response from investors. The IPO's grey market premium (GMP) stood at 24%, down from the earlier 30%, indicating that unofficial market expectations for listing gains have moderated. However, the grey market premium is an unofficial indicator and does not guarantee the stock's actual listing performance.

On Day 1, the IPO was subscribed to 48% overall against 3.02 crore shares on offer. The Retail Individual Investors (RIIs) category witnessed relatively stronger demand, with subscriptions reaching 57% against 1.51 crore shares reserved for the segment.

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