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Opens
15 Oct 2026
Closes
19 Oct 2026
Allotment
21 Oct 2026
Listing
23 Oct 2026
Tonbo Imaging India IPO is a book build issue of 1.22 crore shares. The issue is entirely an offer for sale of 1.22 crore shares.
Tonbo Imaging India IPO opens for subscription on Oct 15, 2026 and closes on Oct 19, 2026. The allotment for the Tonbo Imaging India IPO is expected to be finalized on Oct 21, 2026. Tonbo Imaging India IPO will list on NSE and BSE with a tentative listing date fixed as Oct 23, 2026.
Tonbo Imaging India IPO is set issue price band at [.] to [.] per share.
JM Financial Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Tonbo Imaging India IPO RHP for detailed Information.
IPO Date
15 to 19 Oct, 2026
Listing Date
Fri, Oct 23, 2026
Face Value
₹2 per share
Sale Type
OFS only
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Offer |
| Retail | Not less than 35% of the Offer |
| NII | Not less than 15% of the Offer |
Incorporated in December 2003, Tonbo Imaging India Limited is a global defence electronics original equipment manufacturer (OEM) engaged in the design, development, and manufacturing of advanced electro-optic, infrared (EO/IR), embedded vision, communication, guidance, and surveillance systems for defence and security applications. The company offers a diversified portfolio of battlefield solutions, including thermal imaging systems, weapon sights, missile seekers, fire control systems, missile guidance systems, targeting systems, and handheld thermal imaging devices.
Tonbo serves defence and security organizations across 24 countries with over 28,000 field-deployed systems. The company is India's largest manufacturer of thermal imaging systems for government and defence agencies (FY24–FY26) and the country's largest exporter of thermal imaging systems by volume. Its products are developed using fully owned intellectual property and are free from ITAR (International Traffic in Arms Regulations) restrictions, enabling exports to global markets without geopolitical limitations.
The company operates an innovation-driven business model backed by strong in-house R&D, proprietary technologies, and advanced manufacturing capabilities. As an approved supplier under India's IDDM (Indigenously Designed, Developed and Manufactured) defence procurement framework, Tonbo supports the Government's 'Make in India' and 'Atmanirbhar Bharat' initiatives.
As of June 30, 2026, the company employed 339 permanent employees across product design & development, manufacturing, project management, sales, finance, HR, and management functions.
| Metric | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 782.87 | 782.50 | 726.36 | 574.68 |
| Total Income | 37.32 | 369.94 | 474.39 | 431.90 |
| Profit After Tax | -17.74 | 50.88 | 72.76 | 68.54 |
| EBITDA | -13.04 | 104.62 | 139.06 | 112.32 |
| NET Worth | 538.54 | 553.16 | 490.14 | 230.13 |
| Reserves and Surplus | 527.08 | 541.70 | 489.41 | 168.99 |
| Total Borrowing | 129.72 | 116.06 | 78.14 | 96.36 |
Amounts in ₹ Crore (restated)
| KPI | Jun 30, 2026 | Mar 31, 2026 |
|---|---|---|
| ROE | -3.25% | 9.75% |
| ROCE | -4.31% | 14.54% |
| RoNW | -3.25% | 9.75% |
| PAT Margin | -47.52% | 13.75% |
| EBITDA Margin | -36.21% | 28.85% |
| NAV | 94.01 | 96.57 |
Valuation Metric
Pre IPO
EPS (₹)
8.88
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 18.58% | 15.72% |
| Public | 81.42% | 84.28% |
| Total | 100% | 100% |
Registrar
Kfin Technologies Ltd.
Lead manager(s)
JM Financial Ltd., IIFL Capital Services Ltd.
Zerodha customers can apply online in Tonbo Imaging India IPO using UPI as a payment gateway. Zerodha customers can apply in Tonbo Imaging India IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in Tonbo Imaging India IPO through Zerodha Visit the Zerodha website and login to Console. Go to Portfolio and click the IPOs link. Go to the ' Tonbo Imaging India IPO ' row and click the 'Bid' button. Enter your UPI ID, Quantity, and Price. Submit IPO application form. Visit the UPI App (net banking or BHIM ) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.
The Tonbo Imaging India IPO opens on Thu, Oct 15, 2026 and closes on Mon, Oct 19, 2026.
Tonbo Imaging India IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Tonbo Imaging India IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha , Upstox , 5Paisa , Nuvama , HDFC Bank , and SBI Bank .
The finalization of Basis of Allotment for Tonbo Imaging India IPO will be done on Wednesday, October 21, 2026 , and the allotted shares will be credited to your demat account by Thu, Oct 22, 2026 . Check the Tonbo Imaging India IPO allotment status .
The Tonbo Imaging India IPO listing date is not yet announced. The tentative date of listing is Fri, Oct 23, 2026 .
Aggregated from public IPO filings. GMP is unofficial grey-market chatter, not advice.