Tonbo Imaging India IPO Day 2: Subscription Status, Timeline & Key Issue Details
Tonbo Imaging India’s ₹852.18 crore IPO entered its second day of subscription on October 16, 2026, with the price band set at ₹665 to ₹700 per share. The issue was subscribed 4.46 times as of 10:10 AM on Day 2.
Investors can bid for the IPO until October 19, 2026. The basis of allotment is expected to be finalised on October 21, while the company’s shares are scheduled to list on the BSE and NSE on October 23, 2026, subject to the proposed timeline.
Tonbo Imaging India IPO - Issue Details
- Issue Type: Book Built Issue (OFS only)
- Total Issue Size: Up to ₹852.18 crore
- Fresh Issue: Not Applicable
- Offer for Sale (OFS): Up to 1.22 crore equity shares
- Face Value: ₹2 per equity share
- Price Band: ₹665 to ₹700 per share
- Lot Size: 21 shares
- Minimum Investment Amount (Retail Investor): ₹14,700 (21 shares at the upper price)
- Listing: BSE, NSE
- Book Running Lead Managers: JM Financial Limited, IIFL Capital Services Limited
- Registrar: KFin Technologies Limited
Tonbo Imaging India IPO Timeline (Tentative)
The expected IPO schedule is as follows:
|
Event |
Date |
|
Subscription Opening Date |
15 October 2026 |
|
Subscription Closing Date |
19 October 2026 |
|
Basis of Allotment Date |
21 October 2026 |
|
Refund Initiation Date |
22 October 2026 |
|
Credit of Shares |
22 October 2026 |
|
Listing on BSE and NSE |
23 October 2026 |
Note: The allotment and listing dates are tentative and may be revised.
Explore other Upcoming IPOs on BSE and NSE.
Tonbo Imaging India IPO Day 2 Subscription Status
[October 16, 2026, 10:10 A.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
3.93x |
|
Non-Institutional Investors (NIIs) |
7.01x |
|
Retail Individual Investors (RIIs) |
3.66x |
|
Employees |
7.37x |
|
Total |
4.46x |
About Tonbo Imaging India Limited
Established in 2003, Tonbo Imaging India Limited develops and manufactures defence electronics, specialising in thermal imaging, surveillance, target acquisition and missile guidance systems. Its products use electro-optics, infrared imaging and embedded vision technologies and serve defence customers in India and international markets.
As of June 30, 2026, the company had deployed more than 28,000 systems across 24 countries. Its electro-optical and infrared (EO/IR) products are not covered by US International Traffic in Arms Regulations (ITAR), offering greater flexibility in international trade, subject to applicable export-control requirements.
Key Financial Highlights
|
Particulars |
For the three month period ended June 30, 2026 (in ₹ crore) |
FY26 (in ₹ crore) |
FY25 (in ₹ crore) |
|
Revenue from operations |
36.01 |
362.65 |
469.08 |
|
EBITDA |
(13.04) |
104.62 |
139.06 |
|
Profit After Tax (PAT) |
(17.74) |
50.89 |
72.76 |
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