Bonfiglioli Transmissions IPO Enters Day 2 With 24% GMP as Subscription Builds
Bonfiglioli Transmissions’ Rs 2,533.66-crore initial public offering moved into its second day with a grey market premium of about 24% and 48% subscription on the opening day, signaling steady investor interest in the industrial automation play. While the issue is fully priced, brokerages remain constructive on the company’s long-term prospects, with Anand Rathi recommending a subscribe-for-long-term approach.
