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The Economic Times
The Economic Times
Business
Ritesh Presswala

Bonfiglioli Transmissions shares to list today: Check GMP ahead of debut

Bonfiglioli Transmissions GMP IPO BSE NSE

Bonfiglioli Transmissions shares are set to debut on the BSE and NSE on Friday, with the grey market indicating expectations of a modest listing gain. The IPO is currently commanding a grey market premium (GMP) of around 11% over the issue price.

The Rs 2,533.66 crore IPO comprised an offer for sale (OFS) of 4.32 crore shares, with no fresh issue component. As the offering was entirely an OFS, the company will not receive any proceeds from the IPO. Instead, the proceeds will go to the existing shareholders selling their stakes.

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