Tonbo Imaging IPO opens for bidding on October 15
By Abha Lohia ·
Tonbo Imaging: revenue and funding and every story →
- Tonbo Imaging is a Bengaluru-based maker of defence electronics, including imaging and sensing equipment for armed forces
- Its public issue opens on October 15, with anchor investors bidding a day earlier, and closes on October 19, with listing expected on October 23
- The issue is entirely an offer for sale of 1.21 crore shares by existing holders, so the company itself receives no money
What happened
- The IPO opens on October 15 and closes on October 19.
- Anchor investors bid on October 14.
- Allotment is due October 21 and listing October 23.
- All 1.21 crore shares are an offer for sale.
- The company gets no proceeds.
Why it matters
- Selling holders include CEAQ Technologies, Artiman Partners and promoters.
- SEBI cleared the draft papers in September 2026.
- It is one of six IPOs opening the same week.
The business
- Tonbo Imaging makes defence electronics equipment as an original equipment manufacturer (a firm that builds products for end users).
The founders
Who put in money
- CEAQ Technologies selling shareholder
- Artiman Partners selling shareholder
What happens next
- Allotment on Oct 21, listing on Oct 23.
Words to know
- Offer for sale
- Existing shareholders sell their shares to the public; the company gets no money.
Terms in this story
- IPO: An IPO, or initial public offering, is the first time a company sells its shares to the general public and gets listed on a stock exchange. In India the process is supervised by SEBI and ends with the shares trading on the NSE and BSE.
- Anchor investor: Anchor investors are large institutions that buy shares in an IPO one working day before it opens to the public. Their orders signal demand, and part of their shares stay locked in for 30 and 90 days after allotment.
- Offer for sale: In a fresh issue, the company creates new shares and receives the money. In an offer for sale (OFS), existing shareholders sell shares they already own and the company receives nothing. Most Indian IPOs are a mix of the two.
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