Tonbo Imaging Sets IPO Price Band At ₹665-₹700 For ₹852 Cr Issue

Tonbo Imaging India has announced a price band of ₹665-₹700 per share for its ₹852.1 Cr OFS-only IPO. The issue, which consists of up to 1.22 Cr equity shares, values the company at ₹4,009.8 Cr at the upper end of the price band. The IPO will open for subscription on October 15 and close on October 19, with anchor investor bidding scheduled for October 14.

Tonbo, founded in 2003, has grown from a subsidiary of a research company to a defence tech company manufacturing advanced electro-optic and electronic systems, with deployments in over 24 countries as of June 30, 2026. The IPO's offer has been reduced from the initially proposed 1.81 Cr shares.

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