Logo
search
  • Analytics
  • Backtesting
  • Options
  • Resources
  • Menu
  • Menu
MAINBOARD · NSE + BSE
Tonbo Imaging India IPO

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

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

₹270

Apply via UPI in 5 minutes

Choose your broker • Zero commission on IPO

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

Total Issue1,21,74,046 shares₹852 Cr
Fresh Issue0 shares
Offer for Sale1,21,74,046 shares₹852 Cr

Shareholding

Pre-Issue5,72,82,100
Post-Issue5,72,82,100

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.

ApplicationLotsSharesAmount
Retail (Min)121₹14,700
Retail (Max)13273₹1,91,100
S-HNI (Min)14294₹2,05,800
S-HNI (Max)681428₹9,99,600
B-HNI (Min)691449₹10,14,300

(All values in CR)

Tonbo Imaging India IPO Valuations

MetricValue
ROE-3.25
ROCE-4.31
RoNW-3.25
PAT Margin-47.52
EBITDA Margin-36.21
NAV94.01

(All values in CR)

Tonbo Imaging India IPO Strength & Risk

+Strengths

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.



!Risks

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.

+₹2700

Last updated 12 Oct, 2026 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
12 Oct, 20260₹270-₹970 (38.57%)567012 Oct, 2026
11 Oct, 20260₹270-₹270 (0.00%)-11 Oct, 2026
11 Oct, 20260₹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

1

Login to Your Trading App

Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.

2

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).

3

Enter UPI ID and Submit

Provide your UPI ID linked to your bank account and submit the application.

4

Approve Mandate on UPI App

Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.

5

Application Confirmed

Your funds will be blocked in your account until the IPO allotment process is completed.

NiftyTrader

India's most-trusted pre-market & options analytics platform.

  • social icon
  • social icon
  • social icon
  • social icon
  • social icon

Subscribe to our newsletter

Sign up & receive the latest tips via email.