The Economic Times

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

Bonfiglioli Transmissions IPO entered Day 2 with a 24% GMP and 48% overall subscription on Day 1. The Rs 2,533.66-crore offer for sale is priced at Rs 558-586 per share. Anand Rathi assigned a Subscribe for Long Term rating, citing growth in automation despite fully valued pricing metrics.