Bonfiglioli Transmissions Subsidiary Launches IPO via Offer for Sale
- Reports
- 3
- Developments
- 1
- Repetition
- 67%
New informationRepeats or wire copies
What happened
Bonfiglioli Transmissions, the Indian subsidiary of Bonfiglioli S.p.A., announced its initial public offering (IPO) will open for public subscription on October 15. The IPO is an Offer for Sale (OFS) of 4.32 crore equity shares by the promoter, Bonfiglioli S.p.A., which is a reduction from the 4.69 crore shares previously proposed. The company is scheduled to list its equity shares on stock exchanges on October 23.
From moneycontrol.com
Why it matters
Because the IPO comprises entirely an OFS, the proceeds from the sale will accrue to the promoter, Bonfiglioli S.p.A., after accounting for issue expenses. This allows the parent company to raise capital by selling equity in its Indian subsidiary to the public market.
From moneycontrol.com
Who's involved
- Bonfiglioli S.p.A.Parent company and promoter selling equity shares in its Indian subsidiary
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Bonfiglioli S.p.A.Speculative
Bonfiglioli S.p.A. might see changes in its capital reserves or ownership structure due to the sale of equity shares in its subsidiary.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Paribas may manage Bonfiglioli Transmissions' Indian IPOParibas may gain operational involvement managing the IPO of Bonfiglioli Transmissions.Likely
- Axis Capital appointed merchant banker for Bonfiglioli Transmissions IPOAxis Capital may gain revenue managing the IPO of Bonfiglioli Transmissions.Likely
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The entities involved
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Bonfiglioli S.p.A.
manufacturing company
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