
Capital Goods / Defence & Electronics · NSE / BSE
Tonbo Imaging India Limited, incorporated in 2003, is a defence technology company engaged in designing and developing advanced sensing, imaging, communication, and guidance systems used in surveillance, reconnaissance, targeting, and control applications. The company focuses on miniaturised and modular technologies and offers products across three key segments—tactical systems for soldiers and security forces, platform systems integrated into land, air, and weapon platforms, and directed energy systems such as high-power microwave solutions for counter-drone operations. Its solutions are used in applications like remote weapon stations, missile seekers, situational awareness, and armoured vehicle vision systems. Tonbo follows an asset-light model by retaining core design and intellectual property while outsourcing manufacturing to EMS partners, enabling scalability and efficiency. With a global presence, the company has supplied its products to 24 countries, including India, the USA, UAE, and South Korea, supported by a skilled workforce of 293 employees as of June 2025.
Price Band
₹665 – ₹700
Issue Size
₹852 Cr
Lot Size
21 shares
GMP
+64.6%
Est. Listing
₹1152
at current GMP
Subscribed
135.91x
overall
Open
15 Oct 2026
Close
19 Oct 2026
Allotment
21 Oct 2026
Refund
22 Oct 2026
Demat Credit
23 Oct 2026
Listing
23 Oct 2026
Overall Subscription
135.91x
Total Demand
QIB Multiplier
293.56x
Institutions & Funds
NII / HNI
170.95x
High Net-Worth
Retail (RII)
31.07x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 2,432,010 | 713,933,115 | 293.56x |
| NIB | 1,824,007 | 311,805,858 | 170.95x |
| HNIs(10L +) | 1,216,005 | 224,627,487 | 184.73x |
| HNIs (2-10L) | 608,002 | 87,178,371 | 143.39x |
| RETAIL | 4,256,016 | 132,240,780 | 31.07x |
| EMPLOYEES | 14,000 | 760,851 | 54.35x |
| Total | 10,350,040 | 1,470,546,462 | 135.91x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 202,667 | 5,072,120 | 25.03x |
| EMPLOYEES | — | 23,040 | 0.00x |
| HNIs(10L +) | 4,136 | 150,607 | 36.41x |
| HNIs (2-10L) | 2,068 | 280,757 | 135.76x |
| Total Applications | 208,871 | 5,526,524 | 26.46x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Tonbo Imaging India Limited is bringing an initial public offering (IPO) in the Capital Goods / Defence & Electronics sector with an aggregate issue size of ₹852.18 Crores. The shares are offered at a price band of ₹665 to ₹700 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 21 shares (approx. ₹14,700 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2026-10-23, while un-allotted funds or UPI block mandates will be released on 2026-10-22.
The latest Grey Market Premium (GMP) for Tonbo Imaging India Limited IPO is ₹452 per equity share. Based on the upper price band of ₹665 to ₹700 per equity share, the estimated listing price is ₹1152 (+64.6% expected listing gain).
With a lot size of 21 shares and current GMP of ₹452, the expected profit per application lot is approx ₹9,492 (+64.6% gain). Minimum application cost is approx ₹14,700.
The Tonbo Imaging India Limited IPO aggregate issue size is ₹852.18 Crores with an equity price band set at ₹665 to ₹700 per equity share. The retail lot size is 21 shares requiring a minimum capital outlay of approx. ₹14,700.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 135.91x (Retail: 31.07x, QIB: 293.56x, NII: 170.95x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2026-10-21. Investors can verify status using PAN card or application number.
Tonbo Imaging India Limited shares are scheduled to list on NSE and BSE on 2026-10-23.