Tonbo Imaging India Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Tonbo Imaging India Ltd IPO

We are a global defence electronics original equipment manufacturer (OEM). We design, develop and manufacture sensing, processing, communication and guidance systems for surveillance, reconnaissance, targeting, and control. We have developed a diversified product portfolio including thermal imaging cores, weapon sights, hand-held thermal imaging binoculars, targeting systems, missile seekers, fire control systems, missile guidance systems amongst others to enable autonomy on the battlefield.

Tonbo Imaging India Ltd IPO Details

Total Shares Offered

TBA

Offer to Public

TBA

Retail Max (Shares)

TBA

Pre Issue Promoters Holding

TBA

Exchange

DBC

Issue size

₹ 852.18 Cr

IPO Open Date

Oct 15, 2026

Close Date

Oct 19, 2026

Lot Size

Min Investment

₹ 13,965

Issue Type

Book Building

Listing Date

Oct 23, 2026

Tonbo Imaging India Ltd IPO Dates

Oct 15, 2026

Opening date

Oct 19, 2026

Closing date

Oct 21, 2026

Basis of Allotment

Oct 22, 2026

Initiation of Refunds

Oct 22, 2026

Credit of Shares

Oct 23, 2026

Listing date

Details

Sector	Type
Sector	Electronics - Components
Sub Sector	NA
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	0x	0	0
NII	0x	0	0
Retail	0x	0	0
Employee	0x	0	0
Total	0x	0	0

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

Tonbo Imaging India Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	362.65	469.08	428.19
EBITDA	131.42	152.34	121.35
PAT	50.06	72.70	68.54
Total Assets	508.76	444.11	365.70
Share Capital	11.46	0.73	61.14
Total Borrowings	157.67	98.22	140.87
Operating Activities (Net Cash)	81.34	99.29	81.94
Investing Activities (Net Cash)	-12.40	-0.72	0.00
Financing Activities (Net Cash)	157.67	98.22	140.87
Net Cashflow	37.87	101.28	115.67

About Tonbo Imaging India Ltd

Our Company was originally incorporated as Sarnoff Innovative Technologies Private Limited as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated December 18, 2003, issued by the Registrar of Companies, Karnataka at Bengaluru (RoC). Subsequently, the name of our Company was changed to Serial Innovations India Private Limited pursuant to a certificate of incorporation dated August 14, 2008 issued by the RoC and thereafter, the name of our Company was changed to Tonbo Imaging India Private Limited pursuant to a certificate of incorporation dated May 13, 2016 issued by the RoC. Upon the conversion of our Company from a private limited company to a public limited company, pursuant to a resolution passed by the Board of Directors dated August 15, 2025, and a Shareholders' resolution dated August 15, 2025, the name of our Company was changed to Tonbo Imaging India Limited, and a fresh certificate of incorporation dated September 11, 2025 was issued by the RoC.

As per the F&S Report, India's defense budget has demonstrated steady, if incremental, year-on-year growth over the past decade, reflecting both inflationary adjustments and a broader shift toward modernization, strategic deterrence, and indigenization. India's defense spending is projected to increase steadily from USD 87.2 billion in FY2025 to USD 107.7 billion by FY2030. For FY2025-26, the Ministry of Defence has allocated Rs.6,81,210.27 crore (USD 78.9 billion) to defense, of which Rs.1,92,388 crore (USD 22.3 billion) is earmarked as capital outlay. This represents a continuation of India's gradual but deliberate pivot toward capability-building and modernization.

Peer Comparison:

Paras Defence and Space Technologies Limited
Data Patterns (India) Limited
Astra Microwave Products Limited
Zen Technologies Limited
Bharat Electronics Limited

Tonbo Imaging India Ltd Key Points

Strengths

Leading defence technology solutions provider with pioneering proprietary technologies.

Driving innovation in defence electronics through in-house R&D with an asset light business model.

Among the few defence electronics OEMs with a wide acceptability across the globe.

Diversified defence product portfolio with deployability across all domains.

Sound financials with healthy performance.

Risk

The company's business is cyclical in nature on account of it being geopolitically driven and subject to government budget cycles. Further, tender-based procurement cycle results in poor revenue visibility, which may have an adverse impact on its business, financial stability, results of operations, investor confidence, and the ability to secure financing for growth or innovation.

While the company is not dependent on a single customer and its typically have short term, non recurring contracts with a majority of the company's customers which are based on tenders, some of its customers have contributed significantly to the company's revenue from operations in the last three Fiscals. If its customers choose not to source their requirements from the company or to terminate its contracts or purchase orders or tenders, the company's business, cash flows, financial condition and results of operations may be adversely affected.

The company's top ten suppliers contributed to a significant portion of its total expenses; 68.77 %, 35.46%, and 67.49% of the company's total expenses in the Fiscals 2026, 2025 and 2024, respectively. The company is dependent on its top ten suppliers and failures to maintain the company relationship with its suppliers could adversely affect the company's business, financial condition, results of operations and prospects.

Strategy

Continued investment in R&D to achieve defence modernization through development of new products.

Continued diversification of product portfolio.

Pursue strategic partnerships with OEMs.

Increasing our customer base through expansion into new geographies.

How To Apply for Tonbo Imaging India Ltd IPO Online?

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From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Tonbo Imaging India Ltd IPO?

Tonbo Imaging India Ltd's IPO offers shares for up to 0 It begins on Oct 15, 2026 and ends on Oct 19, 2026.

What is the price of the Tonbo Imaging India Ltd IPO?

The price of Tonbo Imaging India Ltd IPO ranges between ₹665 to ₹700 per share.

What are the open and close dates for the Tonbo Imaging India Ltd IPO?

The Tonbo Imaging India Ltd IPO opens on Oct 15, 2026 and closes on Oct 19, 2026.

When will the Tonbo Imaging India Ltd IPO be allotted?

The allotment for the Tonbo Imaging India Ltd IPO will be finalised on Oct 21, 2026. The shares will be listed on BSE and NSE on Oct 23, 2026.

What is the minimum lot size required for Tonbo Imaging India Ltd IPO?

The minimum lot size for Tonbo Imaging India Ltd IPO is 21 shares, priced between ₹665 to ₹700 per share.

What is the GMP of Tonbo Imaging India Ltd IPO?

The GMP (Grey Market Premium) of Tonbo Imaging India Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Tonbo Imaging India Ltd IPO?

To check the allotment status of Tonbo Imaging India Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Tonbo Imaging India Ltd IPO getting listed?

The Tonbo Imaging India Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Oct 15, 2026, and closes on Oct 19, 2026. The allotment is finalised on Oct 21, 2026.

How do you apply for the Tonbo Imaging India Ltd IPO?

To apply for the Tonbo Imaging India Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.