Linklaters advises on Bonfiglioli Transmissions’ INR 25.34bn IPO in India

Linklaters has advised the book running lead managers on Bonfiglioli Transmissions Limited’s initial public offering (IPO), raising approximately INR 25.34bn. The company’s equity shares are listed on the BSE and the National Stock Exchange of India.

The IPO, which was approximately 46 times subscribed, comprised an offer for sale by the company’s Italian parent, Bonfiglioli S.p.A. Bonfiglioli Transmissions is a leading provider of power transmission and drive solutions in India.

The Linklaters team was led by partner and Head of India Practice Amit Singh and capital markets counsel Joseph Wolpin, with support from Anandee Banerji, Sanketh Hareesh Kumar and Anoushka Kothari.

Amit Singh, partner and Head of India Practice at Linklaters, commented:

“Bonfiglioli Transmissions’ successful listing highlights continued strong demand for Indian equity offerings and the depth of India’s capital markets We are pleased to have supported the book running lead managers on the transaction. Congratulations to Bonfiglioli Transmissions and everyone involved.”

With more than 50 years of on-the-ground experience in Asia, Linklaters has an established reputation as a leading adviser on India-related capital markets transactions. The firm regularly advises issuers, financial institutions and investors on significant equity offerings across a diverse range of sectors.