Tonbo Imaging India’s IPO will open for bidding on October 15, 2026, and close on October 19. The ₹852.18 crore public issue, as detailed in the company’s Red Herring Prospectus (RHP), is structured entirely as an offer for sale (OFS), involving 1.22 crore equity shares, with no fresh shares being issued.

The allotment status is expected to be finalised on October 21, 2026. Following this, the company’s shares are provisionally set to debut on the BSE and NSE on October 23, 2026.

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 Category-wise Investment Limits

The application size for each category is as follows -

Category	Investment Range
Qualified Institutional Buyers (QIBs)	Not more than 50% of the Net Issue
Non-Institutional Investors (NIIs)	Not less than 15% of the Net Issue
Retail Individual Investors (RII)	Not less than 35% of the Net Issue

The minimum investment amount for each category, based on the upper price band of ₹700 per share, is as follows -

Investor Category	Lots	Shares	Investment Amount (Approx.)
Retail (Minimum)	1	21	₹14,700
Retail (Maximum)	13	273	₹1,91,100
sNII (Minimum)	14	294	₹2,05,800
bNII (Minimum)	69	1449	₹10,14,300

About Tonbo Imaging India Limited

Incorporated in 2003, Tonbo Imaging India Limited is a defence electronics manufacturer specialising in thermal imaging, surveillance, targeting and missile guidance systems. Its portfolio serves Indian and international defence customers through electro-optical, infrared and embedded vision technologies.

As of June 30, 2026, the company had deployed more than 28,000 systems across 24 countries. Its EO/IR products are not subject to US International Traffic in Arms Regulations (ITAR), offering greater flexibility in serving international markets with 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