Business · Markets · 1 hr ago
Tonbo Imaging sets ₹665-₹700 price band for ₹852 crore IPO
Tonbo Imaging India, a defence technology company, has set a price of ₹665 to ₹700 per share for its ₹852.1 crore IPO.
The sale is made up entirely of shares from existing shareholders, so Tonbo itself will not receive money from the IPO.
At the top of the price range, the company would be valued at ₹4,009.8 crore.
The IPO opens for subscription on October 15 and closes on October 19, with bidding for anchor investors scheduled for October 14.
Tonbo began in 2003 and shifted to making defence products after its promoters bought it in 2012.
It makes systems including advanced electro-optic and electronic equipment, and had deployed more than 28,000 systems across 24 countries by June 30, 2026.
The IPO gives some existing shareholders a chance to sell their shares.
Tonbo Imaging has set a price band of ₹665 to ₹700 per share for an IPO worth ₹852.1 crore.
The offer is entirely an offer for sale, so Tonbo will receive no proceeds.
The IPO will open for subscription on October 15 and close on October 19, with bidding for anchor investors scheduled for October 14.
At the upper end of the price band, the company is valued at ₹4,009.8 crore.
The selling shareholders include Tonbo’s promoters and cofounders, as well as CEAQ Technologies and Artiman Partners.
- Who
- Tonbo Imaging India and its existing shareholders, who are selling shares.
- What
- Tonbo set a price band of ₹665 to ₹700 per share for an ₹852.1 crore IPO. The offer consists entirely of shares sold by existing shareholders.
- When
- Anchor investor bidding is scheduled for October 14; the IPO opens on October 15 and closes on October 19. The year is not stated.
- Where
- Not stated
- Why
- The IPO will provide an exit opportunity for existing shareholders.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
Tonbo’s promoters bought out the company, which then shifted to manufacturing defence products.
The company refiled its draft IPO papers; the year is not stated.
SEBI issued its observations on the draft papers; the year is not stated.
Bidding for anchor investors is scheduled to take place.
The IPO is scheduled to open for subscription on October 15 and close on October 19.
- Price band
- ₹665–₹700 per share
- IPO size
- ₹852.1 crore
- Offer structure
- Up to 1.22 crore shares; entirely an offer for sale
- Valuation
- ₹4,009.8 crore at the upper end of the price band
- Subscription dates
- October 15–19
Sources
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