Tonbo Imaging IPO subscribed nearly 136 times
By Abha Lohia ·
Tonbo Imaging: revenue and funding and every story →
- Tonbo Imaging is a Bengaluru-based defence electronics maker whose systems are used in 24 countries
- Its public offer closed on 19 October with total demand of about 136 times the shares on offer
- Institutional buyers bid 293.56 times, non-institutional investors 170.94 times and retail investors 31.07 times
What happened
- The IPO closed on 19 October 2026 at 135.90x subscription.
- Over 55 lakh applications were received.
- Institutional buyers bid 293.56x.
- Retail investors bid 31.07x.
- Anchor investors had put in ₹255.36 crore earlier.
Why it matters
- Heavy demand points to strong investor appetite for defence firms.
- Anchor names included large domestic and global funds.
- Earlier private share sales valued the company at a premium.
The business
- Tonbo makes defence electronics and imaging systems.
- Systems are deployed across 24 countries.
The founders
In numbers
135.90xOverall subscription · 2026
What happens next
- Share allotment and listing
Words to know
- Anchor investors
- Large institutions that buy shares a day before the public offer opens.
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.
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