Tonbo Imaging IPO Details
| IPO Open Date | October 15, 2026 |
| IPO Close Date | October 19, 2026 |
| Face Value | ₹2 Per Equity Share |
| IPO Price Band | ₹665 to ₹700 Per Share |
| Issue Size | Approx ₹852.2 Crores |
| Offer for Sale: | Approx 1,21,74,046 Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Tonbo Imaging IPO Market Lot
The Tonbo Imaging IPO minimum market lot is 21 shares with ₹14,700 application amount. The retail investors can apply up-to 13 lots with 273 shares of ₹1,91,100 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 21 | ₹14,700 |
| Retail Maximum | 13 | 273 | ₹1,91,100 |
| S-HNI Minimum | 14 | 294 | ₹2,05,800 |
| S-HNI Maximum | 68 | 1428 | ₹9,99,600 |
| B-HNI Minimum | 69 | 1449 | ₹10,14,300 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Tonbo Imaging IPO Anchor Investors
| Anchor Bidding Date | 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2026 |
| lock-in period end date 50% shares (90 Days) | 2026 |
Tonbo Imaging IPO Dates
The Tonbo Imaging IPO date is October 15 and the close date is October 19. The Tonbo Imaging IPO allotment will be finalized on October 21 and the IPO listing on October 23.
| IPO Open Date: | October 15, 2026 |
| IPO Close Date: | October 19, 2026 |
| Basis of Allotment: | October 21, 2026 |
| Refunds: | October 22, 2026 |
| Credit to Demat Account: | October 22, 2026 |
| IPO Listing Date: | October 23, 2026 |
Promoters and Holding Pattern
The promoters of the company are Ankit Kumar, Arvind Kondangi Lakshmikumar and Cecilia D’Souza.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
| Promoter and Promoter Group | 18.58% | – | 15.72% | |
| Others* | – | 81.42% | – | 84.28% |
| Total | 5,72,82,100 | 100% | 5,72,82,100 | 100% |
Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
| – | ₹- |
About Tonbo Imaging
Tonbo Imaging India, founded in December 2003, is a growing global defence electronics original equipment manufacturer (OEM). The firm is involved in the design, development, and manufacturing of advanced electro-optic, infrared (EO/IR), embedded vision, communication, guidance, and surveillance systems for defence and security use. Its product portfolio includes thermal imaging systems, weapon sights, missile seekers, fire control systems, missile guidance systems, targeting systems, and handheld thermal imaging devices.
Its products cater to defence and security organizations across 24 countries with over 28,000 field-deployed systems. Moreover, it is India’s largest manufacturer of thermal imaging systems for government and defence agencies. Furthermore, its products are developed using its own technology and are free from ITAR (International Traffic in Arms Regulations) restrictions.
Company Financials
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹431.90 | ₹336.94 | ₹68.54 | ₹574.68 |
| 2025 | ₹474.39 | ₹374.35 | ₹72.76 | ₹726.36 |
| 2026 | ₹369.94 | ₹299.98 | ₹50.88 | ₹782.50 |
| June 2026 | ₹782.87 | ₹61.07 | -17.74 | ₹782.87 |
Company Valuation – FY2026
Check Tonbo Imaging IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 9.75% |
| ROCE: | 14.54% |
| EBITDA Margin: | 28.85% |
| PAT Margin: | 13.75% |
| Debt to equity ratio: | [.] |
| Earning Per Share (EPS): | ₹9.19 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 9.75% |
| Net Asset Value (NAV): | ₹96.57 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Paras Defence and Space Technologies Limited | 10.93 | 117.88 | NA | 90.02 | 476.57 Cr. |
| Data Patterns (India) Limited | 48.47 | 91.41 | 16.70 | 310.08 | 924.77 Cr. |
| Astra Microwave Products Limited | 20.32 | 90.81 | NA | 138.46 | 1162.80 Cr. |
| Zen Technologies Limited | 21.52 | 77.27 | NA | 209.22 | 687.69 Cr. |
| Bharat Electronics Limited | 8.29 | 46.85 | NA | 32.82 | 27610.11 Cr. |
IPO Lead Managers aka Merchant Bankers
- JM Financial Ltd.
- IIFL Capital Services Ltd.
Company Address
Tonbo Imaging India Ltd.
No.3 Chikkayellappa Tower-II,1st C Main
Sarjapur Main Road, Jakkasandra Extension,
Chikkayellappa Industrial Layout
Bengaluru, Karnataka, 560034
Phone: 63 64 926 273
Email: [email protected]
Website: https://tonboimaging.com/
IPO Registrar
Kfin Technologies Ltd.
Phone: 040-79615565
Email: [email protected]
Website: https://ipostatus.kfintech.com/
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