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Tonbo Imaging India Limited IPO
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Latest GMP
- Lead Manager
- JM Financial Limited
- IPO Registrar
- Kfin Technologies Limited
- IPO Open Date
- 15th Oct 2026
- IPO Close Date
- 19th Oct 2026
- Allotment date
- 21st Oct 2026
- Listing date
- 23rd Oct 2026
- Issue Size
- ₹ 852 Cr.
- Issue Price Band
- ₹ 665 to 700
- Lot Size
- 21 Share
- Minimum Investment
- ₹ 14700
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Tonbo Imaging India Limited
Tonbo Imaging India Limited is a defence electronics original equipment manufacturer that designs, develops and supplies sensing, processing, communication and guidance systems for surveillance, reconnaissance, targeting and control.
Its portfolio includes thermal imaging cores, weapon sights, hand-held thermal imaging binoculars, targeting and fire-control systems, missile seekers and missile guidance systems, organised mainly into tactical systems and platform systems.
The company develops core design and intellectual property in-house and follows an asset-light model in which scaled production is outsourced to certified electronics manufacturing services partners, while prototype engineering and R&D are carried out in Bengaluru. It serves government, defence and system-integrator customers in India and overseas, with more than 28,000 systems deployed across 24 countries as of June 30, 2026. Revenue is generated from sales of tactical and platform products and solutions, along with ancillary technical or post-sales support, component sales and other operating revenue.
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|---|---|---|
| QIB (Ex Anchor) | 24,32,009 (28.52%) | 71,39,33,115 | 293.56 |
| NII | 18,24,007 (21.39%) | 31,18,01,574 | 170.94 |
| bNII (> ₹10L) | 12,16,005 (14.26%) | 22,46,27,487 | 184.73 |
| sNII (< ₹10L) | 6,08,002 (7.13%) | 8,71,74,087 | 143.38 |
| Retail | 42,56,017 (49.92%) | 13,22,23,938 | 31.07 |
| Employee | 14,000 (0.16%) | 7,60,620 | 54.33 |
| Total | 85,26,033 (100.00%) | 1,15,87,19,247 | 135.90 |
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 22-10-2026 | ₹700 | ₹465 | ₹1165 ( 66.43% ) | ₹9,765.00 | 22-Oct-2026 10:22 AM |
| 21-10-2026 | ₹700 | ₹513 | ₹1213 ( 73.29% ) | ₹10,773.00 | 21-Oct-2026 09:55 AM |
| 19-10-2026 | ₹700 | ₹515 | ₹1215 ( 73.57% ) | ₹10,815.00 | 19-Oct-2026 03:41 PM |
| 17-10-2026 | ₹700 | ₹516 | ₹1216 ( 73.71% ) | ₹10,836.00 | 17-Oct-2026 10:02 AM |
| 16-10-2026 | ₹700 | ₹500 | ₹1200 ( 71.43% ) | ₹10,500.00 | 16-Oct-2026 10:08 AM |
| 15-10-2026 | ₹700 | ₹500 | ₹1200 ( 71.43% ) | ₹10,500.00 | 15-Oct-2026 10:03 AM |
Financials of Tonbo Imaging India Limited
A quick overview of the key Financial Performance of Tonbo Imaging India Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue decreased by 90%, Profit after Tax (PAT) decreased by 135% between FY2026 and FY2027 (Jun).
| Period Ended | FY2024 | FY2025 | FY2026 | FY2027 (Jun) |
|---|---|---|---|---|
| Revenue | 428.19 | 469.08 | 362.65 | 36.01 |
| Assets | 574.68 | 726.36 | 782.50 | 782.87 |
| Total Income | 431.90 | 474.39 | 369.94 | 37.32 |
| Profit After Tax | 68.54 | 72.76 | 50.88 | -17.74 |
| EBITDA | 112.32 | 139.06 | 104.62 | -13.04 |
| Net Worth | 230.13 | 490.14 | 553.16 | 538.54 |
| Reserves & Surplus | 168.99 | 489.41 | 541.70 | 527.08 |
| Total Borrowings | 96.36 | 78.14 | 116.06 | 129.72 |
IPO Lot Size
Application
Lots
Shares
Amount
Retail (Min)
1
21
₹ 14,700
Retail (Max)
13
273
₹ 1,91,100
S-HNI (Min)
14
294
₹ 2,05,800
S-HNI (Max)
68
1,428
₹ 9,99,600
B-HNI (Min)
69
1,449
₹ 10,14,300
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 21 | ₹ 14,700 |
| Retail (Max) | 13 | 273 | ₹ 1,91,100 |
| S-HNI (Min) | 14 | 294 | ₹ 2,05,800 |
| S-HNI (Max) | 68 | 1,428 | ₹ 9,99,600 |
| B-HNI (Min) | 69 | 1,449 | ₹ 10,14,300 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | -3.25 |
| ROCE (%) | -4.31 |
| RoNW (%) | -3.25 |
| PAT Margin (%) | -47.52 |
| EBITDA Margin (%) | -36.21 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
-3.2
-
|
| P/E (x) |
-
-
|
| Promoter Holding (%) |
17.43
-
|
IPO Lead Manager(s)
Lead Manager Details
- JM Financial Limited
- Contact Person: Prachee Dhuri
- SEBI Registration Number: INM000010361
- Investor Grievance Email: grievance.ibd@jmfl.com
- Website: https://www.jmfl.com
- Email: tonbo.ipo@jmfl.com
- Phone: +91 22 6630 3030
- Address: 7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025, Maharashtra, India
Lead Manager Details
- IIFL Capital Services Limited
- Contact Person: Gaurav Mittal / Pawan Kumar Jain
- SEBI Registration Number: INM000010940
- Investor Grievance Email: ig.ib@iiflcap.com
- Website: https://www.iiflcapital.com
- Email: tonbo.ipo@iiflcap.com
- Phone: +91 22 4646 4728
- Address: 24th Floor, One Lodha Place, Senapati Bapat Marg, Lower Parel (W), Mumbai 400013, Maharashtra, India
IPO Registrar
- Registrar Name
- Kfin Technologies Limited
- tonbo.ipo@kfintech.com
- Phone
- +91 40 6716 2222 / 1800 309 4001
- Contact Person
- Williams R
- SEBI Registration Number
- INR000000221
- Address
- 301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Mumbai – 400070, Maharashtra
- Website
- https://www.kfintech.com/
Company Contact Details
- Company Name
- Tonbo Imaging India Limited
- Phone
- +91 63 64 926 273
- Contact Person
- Ankita Agarwalla
- Corporate Identity Number
- U26700KA2003PLC033043
- Address
- No.3 Chikkayellappa Tower-II, 1st C Main, Sarjapur Main Road, Jakkasandra Extension, Chikkayellappa Industrial Layout, Bengaluru 560 034, Karnataka, India
- Website
- http://www.tonboimaging.com/
Tonbo Imaging India Limited FAQs
