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Tonbo Imaging India Ltd IPO

Listed Mainboard BSE, NSE Bookbuilding IPO
Min Investment
₹14,700
21 shares · 1 lot

Tonbo Imaging India Ltd IPO was priced at ₹665–₹700 per share with an issue size of ₹852.18 crore. The IPO opened on Oct 15, 2026 and closed on Oct 19, 2026, with a lot size of 21 shares and a minimum investment of ₹14,700.

Open
15 Oct
Close
19 Oct
Allotment
21 Oct
Refund
22 Oct
Listing
23 Oct

Market Sentiment

Grey Market Premium

Full history →
+₹513.00 +73.3%
Est. listing: ₹1,213
Updated 21 Oct 2026
GMP is an informal, unregulated grey-market figure. It is not a guaranteed listing price and can move sharply during the bidding window.

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IPO Details

Price Band ₹665.00 - ₹700.00 per share
Lot Size21 shares
Min Investment₹14,700
Total Issue Size ₹852.18 crore
Shares Offered1,21,74,046
Issue Structure Offer for Sale
Issue TypeBookbuilding IPO
Lead Manager(s)JM Financial Ltd., IIFL Capital Services Ltd.
RegistrarKfin Technologies Ltd.
Listing AtBSE, NSE

Quick Profit Calculator

Issue price ₹700 · lot size 21 shares · estimated listing price ₹1,213 (GMP +₹513)

Category Lots Shares Investment Value at listing Profit
Retail (Min) 1 21 ₹14,700 ₹25,473 +₹10,773
Retail (Max) 13 273 ₹1,91,100 ₹3,31,149 +₹1,40,049
S-HNI (Min) 14 294 ₹2,05,800 ₹3,56,622 +₹1,50,822
S-HNI (UPI limit) 34 714 ₹4,99,800 ₹8,66,082 +₹3,66,282
S-HNI (Max) 68 1,428 ₹9,99,600 ₹17,32,164 +₹7,32,564
B-HNI (Min) 69 1,449 ₹10,14,300 ₹17,57,637 +₹7,43,337
Estimated from the grey market premium, an informal and unregulated figure that moves sharply and frequently differs from the eventual listing price. Not a forecast. Assumes full allotment, which is rarely guaranteed when an issue is oversubscribed.

Financial Analysis

EPS
₹8.88
P/E (Pre)
78.83 x
Net Worth
₹538.54 Cr
MetricLatest Reported
Total Income₹37.32 Cr
Profit After Tax₹-17.74 Cr
Net Worth₹538.54 Cr

Promoters & Holding

Promoters: Ankit Kumar, Arvind Kondangi Lakshmikumar, Cecilia D’Souza

Promoter Holding (Pre-Issue)18.58%
Promoter Holding (Post-Issue)15.72%

Strengths & Risks

Strengths

  • Leading defence electronics OEM with proprietary electro-optic and thermal imaging technologies.
  • Strong in-house R&D capabilities with complete ownership of core intellectual property.
  • Diversified portfolio of battlefield surveillance, targeting, guidance, and imaging solutions.
  • Global presence with 28,000+ deployed systems across 24 countries and ITAR-free export capability.
  • Asset-light, innovation-driven business model supported by healthy financial performance.
  • Experienced management team with deep expertise in defence technology and product development.

Risks & Concerns

  • Revenue decreased by 22% and profit after tax (PAT) dropped by 30% between the financial year ending with March 31, 2026 and March 31, 2025.
  • Dependence on government contracts and defence budgets which may be subject to change.
Summarised from the company's own DRHP/RHP disclosures. Informational only, not investment advice — always read the full prospectus before applying.

Company Information

Tonbo Imaging India Limited is a global defence electronics original equipment manufacturer (OEM) engaged in the design, development, and manufacturing of advanced electro-optic, infrared (EO/IR), embedded vision, communication, guidance, and surveillance systems for defence and security applications.

Founded2003-12-01
HeadquartersBengaluru, Karnataka
IndustryDefence Electronics
Websitehttps://tonboimaging.com/

Registrar & Allotment

RegistrarKfin Technologies Ltd.
Phone040-79615565
Email[email protected]

Resources & Documents

Frequently Asked Questions

10 answers about Tonbo Imaging India Ltd IPO — dates, pricing, allotment and listing.

Tonbo Imaging India Ltd IPO is a bookbuilding ipo of ₹852.18 crore. The issue was priced at ₹665–₹700 per share, with a lot size of 21 shares. Bidding ran from Thu, 15 Oct 2026 to Mon, 19 Oct 2026, with shares listed on BSE and NSE.

The price band was ₹665–₹700 per share.

One lot was 21 shares. Bids had to be placed in multiples of 21.

A retail investor needed at least ₹14,700 – one lot of 21 shares at ₹700, the upper end of the price band.

Tonbo Imaging India Ltd IPO opened on Thu, 15 Oct 2026 and closed on Mon, 19 Oct 2026.

Allotment was finalised on Wed, 21 Oct 2026.

Tonbo Imaging India Ltd shares were listed on Fri, 23 Oct 2026 on BSE and NSE.

JM Financial Ltd. and IIFL Capital Services Ltd. are the book running lead managers. Kfin Technologies Ltd is the registrar to the issue.

Category-wise demand from retail, NII and QIB bidders is on the Tonbo Imaging India Ltd IPO subscription page, and on the BSE and NSE websites.

From Wed, 21 Oct 2026, check the Tonbo Imaging India Ltd IPO allotment status using your PAN, application number or DP ID – also available on the registrar's website.