Tonbo Imaging debuts at 66% premium
By Abha Lohia ·
Tonbo Imaging: revenue and funding and every story →
- Tonbo Imaging is a Bengaluru company that builds thermal imaging and electro-optical systems for defence and security forces
- Its shares began trading on Friday about 66% above the issue price, a strong start for the ₹852 crore offer
- The offer had drawn bids of nearly 136 times the shares on sale, so a large first-day gain was widely expected
What happened
- Tonbo shares listed with a 66% premium over the issue price.
- The public offer was worth ₹852 Cr.
- Demand reached nearly 136 times the shares offered.
- Anchor investors put in ₹255 Cr before the offer opened.
Why it matters
- It shows strong appetite for defence technology listings.
- Early backers and founders gain a public market value.
The business
- Tonbo makes thermal and night-vision imaging systems.
- Its customers are defence and security forces.
The founders
In numbers
₹852 CrIPO size · 2026
about 136xSubscription · 2026
Other articles talking about it
Everything on Tonbo Imaging → · All startup news on 23 October 2026 →
Is this Tonbo Imaging? Get your “Featured on StopDown” badge →