The Tonbo Imaging India IPO, an offer for sale worth ₹852.18 crore, is closing on October 19, 2026. This IPO has a price band set between ₹665 and ₹700 per share and involves the sale of 1.22 crore shares by promoters and existing shareholders. There is no fresh issue of shares in this offering.
- The IPO subscription status as of Day 2 showed 7.77 times oversubscription.
- Non-institutional investors subscribed 14.35 times, retail investors 7.12 times, and qualified institutional buyers 3.95 times.
- Allotment status is expected by October 21, 2026.
- Listing on NSE and BSE will occur on October 23, 2026.
What is the Tonbo Imaging India IPO?
Tonbo Imaging India is a defence electronics manufacturer specializing in sensing, processing, communication, and guidance systems. These products are used in surveillance, targeting, reconnaissance, and control applications. Their portfolio includes weapon sights, thermal imaging cores, missile seekers, fire control systems, targeting systems, and missile guidance systems.
The company serves defence and security organizations in 24 countries and has more than 28,000 systems deployed in the field. The IPO is an offer for sale, meaning existing shareholders are selling their shares rather than the company issuing new shares.
How has the IPO subscription progressed?
By the end of Day 2, the IPO was subscribed 7.77 times overall, indicating strong investor interest. The non-institutional investor category was the most active, with a subscription rate of 14.35 times. Retail investors subscribed 7.12 times, and qualified institutional buyers (QIBs) subscribed 3.95 times.
The subscription status for the final day will be available after 10 am on October 19, 2026.
When will the IPO allotment and listing happen?
The allotment of shares is expected to be finalized on Wednesday, October 21, 2026. Following allotment, the shares will be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on October 23, 2026.
What does this IPO mean for investors?
Since this is an offer for sale, investors are buying shares from existing shareholders rather than from the company. The strong subscription rates suggest high demand for Tonbo Imaging India shares. Investors should check their subscription status after the IPO closes and before the allotment date.
Frequently Asked Questions
Q: What is the price band for the Tonbo Imaging India IPO?
A: The price band is set between ₹665 and ₹700 per share.
Q: Is this IPO a fresh issue or an offer for sale?
A: It is an offer for sale, with no fresh issue of shares.
Q: When will the IPO allotment status be announced?
A: The allotment status is expected to be finalized on October 21, 2026.
Q: When will the shares be listed on stock exchanges?
A: The listing on NSE and BSE will occur on October 23, 2026.
