IPO · Government, Defense & Space

Tonbo Imaging India files for initial public offering

By Startup Enthusiast · 12 September 2026

What they do

Tonbo Imaging India Ltd designs imaging and sensor systems

The company filed for an initial public offering (IPO) involving an offer for sale of over 18 million equity shares

This listing on the National Stock Exchange (NSE) allows existing shareholders and promoters to sell a portion of their holdings

Tonbo Imaging India Ltd has filed papers for an initial public offering (IPO).
The offering consists of an offer for sale of up to 18,085,246 equity shares.
The shares have a face value of Rs.2 each.
The company plans to list its equity shares on the National Stock Exchange (NSE).
The IPO includes a reservation for employees who may receive shares at a discount.
The total monetary value of the offering remains undisclosed.

The IPO serves as an exit route for various promoters and investors.
Major selling shareholders include Ceaq Technologies Private Limited and Ceaq Technologies Pte. Ltd.
Promoters including Arvind Kondangi Lakshmikumar and Ankit Kumar are participating in the share sale.

Ceaq Technologies Private Limited (seller) — A corporate entity selling over 10 million shares in the offering.
Artiman Ventures Select 2014 Principals Fund L.P. (seller) — An investment fund participating as a selling shareholder.

Product: Thermal imaging systems, surveillance systems, high power microwave systems and other defense electronics for military applications
Customers: Defense and government organizations, including Indian military branches
How it makes money: Defense technology manufacturing and OEM services with domestic and export sales
What sets it apart: Indigenous defense technology addressing military and strategic needs with domestic manufacturing