IPO-Bound Tonbo Imaging Nets ₹255 Cr From Anchor Investors
Ahead of the commencement of the bidding for its public issue on October 15, defence tech startup Tonbo Imaging has…
Defense technology startup Tonbo Imaging has secured ₹255.4 Cr from anchor investors ahead of its public issue. The company allocated 36.5 Lakh equity shares to 43 anchor investors at ₹700 per share, which is the higher end of its IPO price band. Among these investors were 12 domestic mutual funds, with SBI Infrastructure Fund, Axis Mutual Fund, HDFC Mutual Fund and Kotak Mahindra Services Fund being among the major players.
Notable international investors included Goldman Sachs, BlackRock, WhiteOak Capital, Aranda Investments and Allianz. The IPO, expected to commence on October 15, is solely an offer for sale (OFS) with no additional share offering. Tonbo Imaging, founded in 2012, specializes in advanced imaging and sensor systems for military applications.
Its product range includes thermal imaging systems, weapon sights and driver-vision systems. The company has deployed over 28,000 systems across 24 countries as of June 2026. Despite a net loss in Q1 FY27, Tonbo Imaging aims to go public on October 15 and conclude on October 19.
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