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Tonbo Imaging India Ltd

Tonbo Imaging India Ltd

NSE & BSE · Mainboard IPO
Closed NSE & BSE Mainboard
Issue Price
₹700
₹700
GMP (Grey Market)
+₹490
+70%
Est. Listing Price
₹1,190
Based on GMP
Min. Investment
₹14,700
1 lot × 21 shares
Subscribed
132.81x
Over-subscribed
Lists in
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Hrs
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Listing on Fri, 23 Oct 2026
IPO Details
Open Date
15 Oct 2026
Close Date
19 Oct 2026
Allotment
21 Oct 2026
Listing Date
23 Oct 2026
Exchange
NSE & BSE
Price Band
₹700
Listing Price
On listing day
Allotment Status
Price Band
₹700
Per share
Face Value
₹2 per share
 
Lot Size
21 Shares
per lot
Issue Size
1,21,74,046 shares (agg. up to ₹852 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,700
1 lot
Pre-IPO Holding
5,72,82,100 shares
Promoters
Post-IPO Holding
5,72,82,100 shares
Promoters
P/E (Pre)
78.83x
 
EPS (Pre)
₹8.88
 
UPI Deadline
5:00 PM on 19 Oct 2026
Mandate
GMP
+₹490
+70% est.
Anchor AllotmentWed, 14 Oct 2026
Basis of AllotmentWed, 21 Oct 2026
Refund InitiationThu, 22 Oct 2026
Demat CreditThu, 22 Oct 2026
Listing DayFri, 23 Oct 2026
UPI Mandate Deadline5:00 PM on 19 Oct 2026
Sale TypeOFS only
Offer for Sale1,21,74,046 shares of ₹2 (agg. up to ₹852 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Tonbo Imaging India Ltd IPO subscribed 132.81 times overall. Retail: 31.11x. QIB: 293.56x. NII: 156.36x. By 19 Oct 2026.
QIB
293.56x
Over
NII/HNI
156.36x
Over
Retail
31.11x
Over
Total
132.81x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 293.56x
2,432,010
— ₹170.24
NII / HNI
Over 156.36x
1,824,007
— ₹127.68
Retail
Over 31.11x
4,256,016
— ₹297.92
Total 132.81x
8,526,033
100% ₹596.82
IPO Shares Offered
Tonbo Imaging India Ltd IPO total issue size: ₹596.82 Cr. Retail: ₹297.92 Cr. QIB: ₹170.24 Cr. NII: ₹127.68 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
QIB 2,432,010 ₹170.24
28.52%
NII 1,824,007 ₹127.68
21.39%
Retail 4,256,016 ₹297.92
49.92%
Total 8,526,033 ₹596.82
100.00%
* Based on upper price band ₹700 per share
Basis of Allotment
QIB NII Retail Total
Ex. Anchor Anchor Total QIB Below ₹10L Above ₹10L Total NII
Allocation (shares) — — — — — 1,824,007 4,256,016 6,080,023
Allotment price (₹) 700 700 700 700 700 700 700 700
No. of applications — — — — — — — —
No. of shares applied — — — — — — — —
Amount collected (₹Cr) — — — — — — ₹297.92 ₹297.92
Times subscribed 293.56x — — — — 156.36x 31.11x 132.81x
Shares allotted — — — — — 1,824,007 4,256,016 6,080,023
No. of allottees — — — — — — — —
* Upper price band ₹700 · ** Anchor allotment excluded from public shares
Lot Size & Investment
Lot Size
21
Shares per Lot
Issue Price
₹700.00
Upper Band
Min Investment
₹14,700
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)242₹29,400
Retail (Max — 13 Lots)13273₹191,100
S-HNI (Min — 14 Lots)14294₹205,800
B-HNI (Min — 69 Lots)691,449₹1,014,300
* Issue Price ₹700 × Lot Size 21 shares
IPO Schedule
Anchor
14 Oct 2026
✓ Done
IPO Open
15 Oct 2026
✓ Done
IPO Close
19 Oct 2026
✓ Done
Allotment
21 Oct 2026
✓ Done
Refunds
22 Oct 2026
✓ Done
Demat Credit
22 Oct 2026
✓ Done
Listing Day
23 Oct 2026
Upcoming
Tonbo Imaging India Ltd — Price Chart
IPO Closed — Awaiting Listing
Chart goes live on — 23 Oct 2026
About Tonbo Imaging India Ltd
Incorporated in December 2003, 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. The company offers a diversified portfolio of battlefield solutions, including thermal imaging systems, weapon sights, missile seekers, fire control systems, missile guidance systems, targeting systems, and handheld thermal imaging devices.Products:Tactical systems: These systems are focused on the functions of imaging, surveillance, reconnaissance and targeting.Platform systems: Two kinds of platform systems – (a) subsystems that can provide observation and fire control capabilities to a range of aerial, ground and weapon platforms and (b) end platforms that actually perform the task of threat neutralization.Directed energy systems: To counter the threat of drone swarms, they have designed a portfolio of technology components that are being assembled into a high power microwave (“HPM”) platform with the brand name - WaveStrike.Tonbo serves defence and security organizations across 24 countries with over 28,000 field-deployed systems. The company is India's largest manufacturer of thermal imaging systems for government and defence agencies (FY24–FY26) and the country's largest exporter of thermal imaging systems by volume. Its products are developed using fully owned intellectual property and are free from ITAR (International Traffic in Arms Regulations) restrictions, enabling exports to global markets without geopolitical limitations.The company operates an innovation-driven business model backed by strong in-house R&D, proprietary technologies, and advanced manufacturing capabilities. As an approved supplier under India's IDDM (Indigenously Designed, Developed and Manufactured) defence procurement framework, Tonbo supports the Government's 'Make in India' and 'Atmanirbhar Bharat' initiatives.As of June 30, 2026, the company employed 339 permanent employees across product design & development, manufacturing, project management, sales, finance, HR, and management functions.Key StrengthsLeading 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.
Tonbo Imaging India Ltd Financials (Amount in ₹ Crore)
Revenue from Operations
₹474.4
31 Mar 2025
₹369.9
31 Mar 2026
₹37.3
30 Jun 2026
Profit After Tax (PAT)
₹72.8
31 Mar 2025
₹50.9
31 Mar 2026
-₹17.7
30 Jun 2026
Particulars30 Jun 202631 Mar 202631 Mar 2025
Revenue from Operations 37.32 369.94 474.39
EBITDA -13.04 104.62 139.06
Profit After Tax (PAT) -17.74 50.88 72.76
Net Worth 538.54 553.16 490.14
Total Assets 782.87 782.50 726.36
Reserves & Surplus 527.08 541.70 489.41
Borrowings 129.72 116.06 78.14
EBITDA Margin (%) -36.21 — —
PAT Margin (%) -47.52 — —
RoE
-3.25
RoCE
-4.31
RoNW
-3.25
PAT Margin
-47.52
EBITDA Margin
-36.21
Issue Structure & Shareholding
Total Shares Offered1,21,74,046
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding5,72,82,100 shares
Post-Issue Promoter Holding5,72,82,100 shares
P/BV RatioN/A
RoE-3.25
RoCE-4.31
Debt / EquityN/A
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
JM Financial Ltd
IIFL Capital Services Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Tonbo Imaging India Ltd IPO subscribed? ▲

Tonbo Imaging India Ltd IPO is subscribed 132.81 times by Oct 19, 2026. Retail: 31.11x. QIB: 293.56x. NII: 156.36x.

Investor CategorySubscription
Qualified Institutional (QIB)293.56x
Non Institutional (NII/HNI)156.36x
Retail Individual31.11x
Total Subscription132.81x
What is Tonbo Imaging India Ltd IPO retail subscription status? ▼

The Tonbo Imaging India Ltd IPO retail category is subscribed 31.11 times as of 19 Oct 2026. The retail portion is oversubscribed.

How to subscribe Tonbo Imaging India Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 15 Oct 2026 and closes 19 Oct 2026. Min investment: ₹14,700 (1 lot = 21 shares). UPI mandate: 5:00 PM on 19 Oct 2026.

How many times Tonbo Imaging India Ltd IPO subscribed? ▼

The Tonbo Imaging India Ltd IPO subscribed 132.81x overall. QIB: 293.56x, NII: 156.36x, Retail: 31.11x. Applications: from NSE/BSE.

How to check Tonbo Imaging India Ltd IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 21 Oct 2026. Refunds: on 22 Oct 2026.

When Tonbo Imaging India Ltd IPO will be listed? ▼

The Tonbo Imaging India Ltd IPO listing date is 23 Oct 2026, Friday. Listed on: NSE & BSE. Issue price: ₹700. Estimated listing: ₹1,190. GMP: +₹490.

When Tonbo Imaging India Ltd IPO close? ▼

The Tonbo Imaging India Ltd IPO closes on 19 Oct 2026, Monday. UPI mandate: 5:00 PM on 19 Oct 2026. Allotment: 21 Oct 2026. Listing: 23 Oct 2026.