Tonbo Imaging India IPO - Price Band, GMP & Subscription Details

Tonbo Imaging India Limited was incorporated in December 2003 and is headquartered in Bengaluru, Karnataka. It works in the defence electronics sector as an original equipment manufacturer (OEM).

The company designs, develops and manufactures electro-optic and infrared (EO/IR), embedded vision, communication, guidance and surveillance systems for defence and security use. Its products include thermal imaging cores, weapon sights, handheld thermal imaging binoculars, targeting systems, missile seekers, fire control systems and missile guidance systems. It supplies to defence forces, homeland security agencies, law enforcement bodies and defence OEMs in India and overseas, with about 65% of FY25 revenue coming from overseas sales. It follows an asset-light model, retaining design, integration and testing in-house while using electronics manufacturing services partners such as Kaynes and Avalon for production. It had an order book of Rs 266.6 crore as of September 2025.

Revenue from operations was Rs 469.08 crore and profit after tax was Rs 72.76 crore in FY25, as per the DRHP. Total income fell 22% to Rs 369.94 crore in FY26 from Rs 474.39 crore in FY25. The IPO is a mainboard book-built issue proposed to be listed on the BSE and NSE, structured entirely as an offer for sale of up to 1.81 crore equity shares of face value Rs 2 each by promoters and investor selling shareholders, with no fresh issue. The DRHP was filed on 4 August 2026, and the price band and issue dates have not been announced. As the offer is entirely an offer for sale, the company will not receive any proceeds from the issue.