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Tonbo Imaging India IPO
Tonbo Imaging India IPO
Overview
Tonbo Imaging India IPO is a book build issue of ₹852.18 crores. The issue is entirely an offer for sale of 1.22 crore shares of ₹852.18 crore. Tonbo Imaging India IPO opens for subscription on Oct 15, 2026 and closes on Oct 19, 2026. The allotment for the Tonbo Imaging India IPO is expected to be finalized on Oct 21, 2026. Tonbo Imaging India IPO will list on NSE and BSE with a tentative listing date fixed as Oct 23, 2026. Tonbo Imaging India IPO is set issue price band at ₹665 to ₹700 per share. The lot size for an application is 21 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,700 (21 shares) (based on upper price). JM Financial Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Total Shares
1,21,74,046
Issue Size
₹852 Cr
Price Band
₹665 – ₹700
Lot Size
21 shares
Min. Investment
₹14,700
Max. Investment
₹1,91,100
Open Date
15 Oct, 2026
Close Date
15 Oct, 2026
Allotment
21 Oct, 2026
Listing
23 Oct, 2026
Max. Investment
₹1,91,100
Announced
15 Oct, 2026
Opening Date
15 Oct, 2026
Closing Date
15 Oct, 2026
Basis of Allotment
21 Oct, 2026
Initiation of Refunds
22 Oct, 2026
Credit of Shares
22 Oct, 2026
Listing Date
23 Oct, 2026
Live GMP
Est. Listing: ₹970
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About Tonbo Imaging India IPO
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, missi
Tonbo Imaging India IPO Share Price
Issue Breakdown
Shareholding
Dilution: 0.0% increase in shares
Tonbo Imaging India IPO Financial Health
Tonbo Imaging India Ltd.'s 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.
Tonbo Imaging India IPO Lot Size
Investors can bid for a minimum of 21 shares and in multiples thereof.
| 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 | 1428 | ₹9,99,600 |
| B-HNI (Min) | 69 | 1449 | ₹10,14,300 |
(All values in CR)
Tonbo Imaging India IPO Valuations
| Metric | Value |
|---|---|
| ROE | -3.25 |
| ROCE | -4.31 |
| RoNW | -3.25 |
| PAT Margin | -47.52 |
| EBITDA Margin | -36.21 |
| NAV | 94.01 |
(All values in CR)
Tonbo Imaging India IPO Strength & Risk
Tonbo Imaging India IPO Strength
Strong expertise in defence electronics, thermal imaging and electro-optical systems.
Proprietary technology and intellectual property in advanced imaging, surveillance and targeting solutions.
Diversified product portfolio serving armed forces, security agencies and defence manufacturers.
Established international presence, with products deployed across multiple countries.
Healthy EBITDA margin of 28.85% in FY2026, reflecting its technology-led business model.
Confirmed order book of approximately ₹279 crore as of March 2026, supporting potential future revenue visibility.
Asset-light manufacturing model that uses external manufacturing partners while retaining core design and engineering capabilities.
Tonbo Imaging India IPO Risk
Revenue declined 22.69% to ₹362.65 crore in FY2026 compared with FY2025.
Profit after tax fell from ₹72.76 crore in FY2025 to ₹50.88 crore in FY2026.
High customer concentration, with the top five customers contributing approximately 53% of FY2026 revenue.
Negative operating cash flow of approximately ₹63.22 crore in FY2026.
Working capital days increased significantly to 517 days in FY2026, raising concerns about cash conversion.
Tonbo Imaging India IPO GMP
Tonbo Imaging India IPO last recorded Grey Market Premium (GMP) is ₹270, updated on Oct 12, 2026 09:37:04 AM. With an upper price band of ₹700.00, the estimated listing price for Tonbo Imaging India IPO is ₹970 (cap price + today's GMP). The expected percentage gain/loss per share is 38.57%. • Tonbo Imaging India IPO Retail Subject to Sauda: ₹4300 • Tonbo Imaging India IPO Small HNI Subject to Sauda: ₹60200 Grey market trading for Tonbo Imaging India IPO has commenced over the past 2 sessions. Due to limited historical data, initial trends are forming. Stay tuned for daily Tonbo Imaging India IPO GMP updates, price trends, and expected listing estimates.
Last updated 12 Oct, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 12 Oct, 2026 | 0 | ₹270 | - | ₹970 (38.57%) | 5670 | 12 Oct, 2026 |
| 11 Oct, 2026 | 0 | ₹270 | - | ₹270 (0.00%) | - | 11 Oct, 2026 |
| 11 Oct, 2026 | 0 | ₹270 | - | ₹270 (0.00%) | - | 11 Oct, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Tonbo Imaging India IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Tonbo Imaging India IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.
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