IPO profile
Tonbo Imaging India Limited
TONBO · NSE
- Price band
- ₹665 - ₹700
- Subscription
- 96.88x
Application & Issue Details
- Minimum Quantity
- 21 shares
- Minimum Application
- ₹14,700
- Issue Size
- Rs. 852 Cr
- Face Value
- Not available
- Issue Price
- ₹700
Company Overview
Tonbo Imaging India operates as a global defence electronics original equipment manufacturer, designing and developing advanced imaging, processing, and communication systems tailored for surveillance, reconnaissance, targeting, and control. The company’s core business involves creating full-stack electro-optics systems, ranging from core sensor technology to fully integrated autonomous platforms for battlefield applications across land, air, and sea. Revenue is primarily generated through two main operating segments: tactical systems and platform systems. Tactical offerings include lightweight, weapon-mounted, and helmet-mounted electro-optical sights that provide soldiers with observation and targeting capabilities. Platform-grade optronics feature multi-sensor gimbals and infrared payloads designed for integration into armoured vehicles, airborne platforms, and naval assets. The business supplies these highly specialized combat and situational awareness systems to global militaries, homeland security agencies, and system integrators across multiple international markets through a tender-based competitive bidding and procurement model.
Important Dates
- Open Date
- 15 Oct 2026
- Close Date
- 19 Oct 2026
- Allotment Date
- Not available
- Listing Date
- 23 Oct 2026
Issue Timeline
- Issue open date
- Issue close date
- UPI mandate deadline
- Allotment finalization
- Refund initiation
- Share credit
- Listing date
- Mandate end date
- Lock-in end date for anchor investors (50%)
- Lock-in end date for anchor investors (remaining)
Subscription
- QIB
- 208.58x
- NII
- 124.25x
- Retail
- 21.52x
- Total subscribed
- 96.88x
- Shares offered
- 85,26,033
- Shares bid
- 82,60,32,942
Updated 25 Oct 2026, 8:02 pm · source: nse
IPOAlerts subscription snapshot updated 20 Oct 2026, 11:00 pm.
Actual Listing Performance
- Listing Date
- 23 Oct 2026
- Actual Listing Price
- ₹1,160
- Gain/Loss Per Share
- +₹460
- Gain/Loss Per Lot
- +₹9,660
- Listing Gain/Loss %
- +65.71%
- Measured Against
- ₹700
- Lot Size
- 21 shares
Historical result from the reported listing price, compared with the issue price. Excludes brokerage, taxes and charges.
Company Strengths & Risks
Reported strengths
- Owns extensive unrestricted IP in infrared imaging and target tracking.
- Offers full-stack capabilities from core sensors to autonomous platforms.
- Established global footprint across 24 countries with defence clients.
- Led by an experienced team with 21+ years in optical defence tech.
- Agile design framework enables rapid re-engineering for key components.
Key risks
- Vulnerable to long, unpredictable government budget and tender cycles.
- Dependent on a limited global supply chain for raw materials like Germanium.
- Highly dependent on short-term, non-recurring tenders from selected clients.
- Uses an outsourced manufacturing model, risking third-party quality or delays.
- Extended gestation cycles strain liquidity and drive high working capital needs.
Company strengths and risks are informational summaries. Review the offer document for complete disclosures.
Documents & Coverage
IPO data last updated 25 Oct 2026, 8:02 pm IST · GMP: ipoalerts · subscription: nse · listing price: NSE/BSE
This page is for informational and educational purposes only. It is not investment advice and not a recommendation to buy, sell, or apply for this IPO. GMP and subscription figures are unofficial/may change. Please make your own independent decision.