Ahead of IPO, Tonbo Imaging garners ₹255 cr from anchor investors
Investors participating in the anchor round included Goldman Sachs, BlackRock, Aranda Investments, The Prudential Assurance Company and Allianz Global Investors
Tonbo Imaging India Ltd successfully raised ₹255.36 crore from anchor investors in the lead-up to its ₹852-crore initial public offering (IPO). The anchor round, which took place at ₹700 per share, saw participation from prominent investors such as Goldman Sachs, BlackRock, and various mutual funds and insurance firms. The IPO is set to open for subscription on October 15 and will close on October 19.
Tonbo Imaging specializes in designing and manufacturing sensing, processing, communication, and guidance systems for defense applications, with a focus on thermal imaging cores, weapon sights, and missile seekers.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
