Tonbo Imaging India Ltd

·
₹700.00 Issue Price
2026-10-15 – 2026-10-19
Open Date
2026-10-15
Close Date
2026-10-19
Listing Date
2026-10-23
Allotment Date
2026-10-21
Current Price
₹700.00
High / Low
₹— / ₹—
ROCE
-4.31 %
ROE
-3.25 %
Face Value
₹2
About
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 (…
📍 No.3 Chikkayellappa Tower-II,1st C Main Sarjapur Main Road, Jakkasandra Extensio…
📞 63 64 926 273
✉️ compliance@tonboimaging.com

Tonbo Imaging India Ltd IPO About the Company

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.Products:Tactical systems: These systems are focused on the functions of imaging, surveillance, reconnaissance and targeting.Platform systems: Two kinds of platform systems – (a) subsystems that can provide observation and fire control capabilities to a range of aerial, ground and weapon platforms and (b) end platforms that actually perform the task of threat neutralization.Directed energy systems: To counter the threat of drone swarms, they have designed a portfolio of technology components that are being assembled into a high power microwave (“HPM”) platform with the brand name - WaveStrike.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.Key StrengthsLeading defence electronics OEM with proprietary electro-optic and thermal imaging technologies.Strong in-house R&D capabilities with complete ownership of core intellectual property.Diversified portfolio of battlefield surveillance, targeting, guidance, and imaging solutions.Global presence with 28,000+ deployed systems across 24 countries and ITAR-free export capability.Asset-light, innovation-driven business model supported by healthy financial performance.Experienced management team with deep expertise in defence technology and product development.

Tonbo Imaging India Ltd IPO Analysis

Pros

  • ROE of -3.25% indicates good return on equity.
  • ROCE of -4.31% shows efficient capital usage.
  • PAT margin of -47.52%.

Cons

  • Detailed analysis available after listing.

Pros and cons are machine generated. Please exercise caution and do your own analysis.

Tonbo Imaging India Ltd IPO Subscription Status

Consolidated figures
MetricQIBNII (HNI)RetailTotal
Subscription — — — —
Shares Not more than 50% of the Offer Not less than 15% of the Offer Not less than 35% of the Offer —
Bids — — — —
▼ Category-wise Detailed Breakdown
CategorySubscriptionOffered Bid SharesAmt (₹ Cr)
QIB - Not more than 50% of the Offer — ₹0.00
NII (HNI) - Not less than 15% of the Offer — ₹0.00
Retail - Not less than 35% of the Offer — ₹0.00
Market Maker 1.00×
— — —
Total - 100 — ₹0.01 Cr
Applications: - Total Bid Amount: ₹0.01 Cr

Tonbo Imaging India Ltd IPO Profit & Loss

Figures in ₹ Crores / Amount in ₹ Crore
Metric 30 Jun 202631 Mar 202631 Mar 2025
Revenue 37.32 369.94 474.39
EBITDA -13.04 104.62 139.06
Profit After Tax -17.74 50.88 72.76
Net Worth 538.54 553.16 490.14
Total Assets 782.87 782.50 726.36
Reserves 527.08 541.70 489.41
Borrowings 129.72 116.06 78.14
Sales Growth
3 Years:1171.1%
Latest:474.39 Cr
Profit Growth
3 Years:-510.1%
Latest PAT:72.76 Cr
Return on Equity
ROE:-3.25%
ROCE:-4.31%

Tonbo Imaging India Ltd IPO Key Financial Ratios

Profitability
ROE -3.25%
ROCE -4.31%
RONW -3.25%
PAT Margin -47.52%
EBITDA Margin -36.21%
Valuation
Pre EPS 8.88
Pre P/E 78.83×
Leverage & Growth
Sales Growth (3yr) +1171.1%
Profit Growth (3yr) -510.1%
Latest Revenue 474.39 Cr
Latest PAT 72.76 Cr

Tonbo Imaging India Ltd IPO Schedule & Important Dates

IPO Open
2026-10-15
Upcoming
IPO Close
2026-10-19
Upcoming
Allotment
2026-10-21
Upcoming
Refund
2026-10-22
Upcoming
Demat Credit
2026-10-22
Upcoming
Listing
2026-10-23
Upcoming

Tonbo Imaging India Ltd IPO Lot Size & Investment Details

RETAIL MIN
₹14,700
1 lot · 21 shares
RETAIL MAX
₹14,700
1 lots · 21 shares
HNI MIN
₹205,800
14 lots
bNII MIN
₹1,014,300
69 lots
Category Lots Shares Amount (₹)
Retail (Min) 21 21 ₹14,700
Retail (Max) 1 21 ₹14,700
HNI (Min) 14 294 ₹205,800
Big HNI (bNII) 69 1449 ₹1,014,300
Pre-Issue Holding: 5,72,82,100 shares Post-Issue Holding: 5,72,82,100 shares

Tonbo Imaging India Ltd IPO Lead Managers & Market Makers

Book Running Lead Managers
JM Financial Ltd IIFL Capital Services Ltd

Tonbo Imaging India Ltd IPO Allotment Status

Allotment Date: 2026-10-21
Registrar: Kfin Technologies Ltd
Check Allotment
040-79615565
tonbo.ipo@kfintech.com
https://ipostatus.kfintech.com/