Tonbo Imaging India Limited
Key dates
Issue reservation
₹852 CrLot ladder — how much to bid
1 lot = 21 sharesIssue details
Share-wise
by category| Category | Book Size | Subscription | No. of Times |
|---|---|---|---|
| QIB (Ex. Anchor) | 24,32,010₹170.24 Cr | 94,59,450₹662.16 Cr | 3.89× |
| HNI | 18,24,007₹127.68 Cr | 89,82,624₹628.78 Cr | 4.92× |
| HNI (10L+) | 12,16,005₹85.12 Cr | 45,36,294₹317.54 Cr | 3.73× |
| HNI (2-10L) | 6,08,002₹42.56 Cr | 44,46,330₹311.24 Cr | 7.31× |
| Retail | 42,56,016₹297.92 Cr | 1,13,86,914₹797.08 Cr | 2.68× |
| Employee | 14,000₹0.98 Cr | 77,364₹5.42 Cr | 5.53× |
| Total | 85,26,033₹596.82 Cr | 2,99,06,352₹2,093 Cr | 3.51× |
*QIB Book Size EXCLUDES the anchor portion of 36,48,013 shares, from the actual anchor allotment.
Application-wise
| Category | Req 1× | Total | Times |
|---|---|---|---|
| HNI (10L+) | 839 | 3,008 | 3.59× |
| HNI (2-10L) | 2,068 | 13,956 | 6.75× |
| Retail | 2,02,667 | 4,27,899 | 2.11× |
| Employee | 667 | 1,864 | 2.79× |
Total applications: 4,46,727
Subscription Demand
in ₹ crore| Category | Applied |
|---|---|
| QIB | 662.16 |
| FIIs | 360.00 |
| Others | 302.16 |
| HNI | 628.78 |
| HNI (10L+) | 317.54 |
| HNI (2-10L) | 311.24 |
| Retail | 797.08 |
| Employee | 5.42 |
| Total | 2093.44 |
Amounts at the upper band (₹700). Times figures are computed from the shares this page shows so Book × Times = Subscribed always cross-checks.
Particulars | FY26 | FY25 | FY24 |
Total Assets | 782.5 | 726.36 | 574.68 |
Total Income | 369.94 | 474.39 | 431.9 |
PAT | 50.88 | 72.76 | 68.54 |
Net Worth | 553.16 | 490.14 | 230.13 |
Reserves & Surplus | 541.7 | 489.41 | 168.99 |
Total Borrowings | 116.06 | 78.14 | 96.36 |
Listing Benefits: Listing on NSE and BSE to enhance market visibility.
Shareholder Exit: Provide liquidity and an exit opportunity for existing shareholders and promoters.
No Fresh Capital: The IPO is entirely an Offer for Sale (OFS), with no proceeds going to the company for expansion, debt repayment, or working capital.
Incorporated in December 2003, Tonbo Imaging India Limited is a global defence electronics OEM specializing in the design, development, and manufacturing of advanced electro-optic and infrared (EO/IR), embedded vision, communication, guidance, and surveillance systems for defence and security applications.
The company's product portfolio includes tactical systems, platform systems, and directed energy systems, including its high-power microwave (HPM) platform, WaveStrike. Tonbo serves defence and security organizations across 24 countries, with over 28,000 systems deployed globally. It is India's largest manufacturer of thermal imaging systems for government and defence agencies (FY24–FY26) and the largest exporter of such systems by volume.
Driven by in-house R&D, proprietary technologies, and advanced manufacturing capabilities, the company develops ITAR-free products and supports India's Make in India and Atmanirbhar Bharat initiatives as an approved IDDM supplier. As of June 30, 2026, Tonbo employed 339 permanent employees across various functions.
Company strengths
Leading defence electronics OEM with proprietary EO/IR and thermal imaging technologies.
Strong in-house R&D and ownership of core intellectual property.
Diversified portfolio of surveillance, targeting, guidance, and imaging solutions.
Global presence across 24 countries with 28,000+ deployed systems and ITAR-free exports.
Asset-light, innovation-led business model with healthy financial performance.
Experienced management team with strong defence technology expertise.
Promoters
Registered office & contact
Tonbo Imaging India Limited
Address - No.3 Chikkayellappa Tower-II,1st C Main
Sarjapur Main Road, Jakkasandra Extension,
Chikkayellappa Industrial Layout
Bengaluru, Karnataka, 560034
📞 63 64 926 273
✉️ compliance@tonboimaging.com
What is the minimum investment in the Tonbo Imaging India Limited IPO?
One lot of 21 shares — ₹14,700 at the upper price band of ₹700.
How many bids can I place?
Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.
When are the funds debited?
Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.
When will the shares list?
Tentative listing on 2026-10-23 on NSE / BSE.