Tonbo Imaging India Limited
Promoters ANKIT KUMAR · ARVIND KONDANGI LAKSHMIKUMAR · CECILIA D’SOUZA
Against an issue price of ₹700. Split- and bonus-adjusted official closes — a past move, never a forecast.
Tonbo Imaging India Limited raised ₹852 crore through a mainboard initial public offer.
The filing places it in Aerospace & Defense and names three promoters: ANKIT KUMAR, ARVIND KONDANGI LAKSHMIKUMAR and CECILIA D’SOUZA.
The book was open from 15 October 2026 to 19 October 2026.
The issue was priced at ₹700 a share, from a band of ₹665 to ₹700.
The whole offer is an offer for sale — ₹852 crore paid to existing shareholders selling down, not to the company.
The issuer reported the offer subscribed 135.0 times the shares on offer. That is its own final figure, filed with the exchange after the book closed — not a reading we took while bidding was open.
11.71 crore shares were bid at cut-off — applications that accept whatever price the issue is finally set at rather than naming one.
43 anchor investors were allotted shares before the book opened, worth ₹255 crore.
The shares listed on 23 October 2026.
The last official close on file is ₹1,530 (5 November 2026), which is 118.6% above the issue price.
It now trades as TONBO, and its filed financials are on its company page.
Shares sold in the issue at ₹700 last closed at ₹1,530.3.
See TONBO’s filed financials and price history →Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.
No fresh issue — every share in this offer is being sold by existing shareholders, so the company itself raises nothing.
- How it was priced
- Book-built — the price was discovered inside a band from the bids received
- Listing sought at
- BSE And NSE
- Designated exchange
- NSE
- Discount
- ₹65 a share
- Registered office
- Southern India
- Company website
- www.tonboimaging.com
- Registrar
- KFin Technologies Limited
- Lead managers
- JM Financial Limited
- IIFL Capital Services Limited
- Bidding opens15 Oct 2026
- Bidding closes19 Oct 2026
- Basis of allotmentnot published
Not published in the exchange feeds we ingest — we do not estimate it.
- Listing23 Oct 2026
This is the issuer’s own final figure, filed with the exchange once bidding had closed — not a reading we took while the book was open. The exchange publishes only a running cumulative figure and no history, so for an issue nobody polled live this filing is the only account of the book that exists. It covers the whole offer and carries no breakdown by category and no timestamp.
A snapshot WE took while the book was still open, not the final figure. It is earlier than the filed number above and can only be lower — never quote the two as one measurement. Taken 20 Oct 2026, 7:00 pm IST.
- Anchor investors30.0%36,48,013 sh
- Qualified institutional buyers20.0%24,32,009 sh
- Non-institutional investors15.0%18,24,007 sh
- Retail individual investors35.0%42,56,017 sh
- Reserved portion0.1%14,000 sh
No part of the offer was set aside for market maker or other.
The portion of the offer set aside for each category before bidding opened, as the issuer filed it. The anchor allocation is filed as its own line rather than inside the institutional one, so these add up to the whole offer. Shares as filed; the percentages are computed against the offer's own share count.
Every bid names a price, or accepts whatever the final price turns out to be. This shows how many shares have been bid for at each price or above it — so the bar at the top of the band counts only the bids willing to pay it.
The columns are near-identical because they are: demand falls only 0.03% between ₹665 and ₹700, so almost every bid was willing to pay the top of the band. The axis starts at zero — the flatness is the finding, not a missing scale.
These accept whatever price the issue is finally set at, so they have no place on the price axis and are not in the chart.
How much of the demand falls away between the bottom and the top of the band.
Cumulative shares bid at or above each price in the band, from the exchange's own demand schedule. Bids placed at cut-off carry no price and are counted separately.
Anchor investors are institutions allotted shares one working day before public bidding opens, at a price fixed then. Their shares are locked in for a set period. At least 15 of them are domestic mutual funds; we could not classify 27 of the names either way.
| ARANDA INVESTMENTS PTE. LTD. | ₹17.5 cr |
| GOLDMAN SACHS FUNDS - GOLDMAN SACHS INDIA EQUITY PORTFOLIO | ₹17.5 cr |
| ICICI PRUDENTIAL SMALLCAP FUND | ₹17.5 cr |
| SBI INFRASTRUCTURE FUND | ₹17.5 cr |
| BLACKROCK GLOBAL FUNDS - INDIA FUND | ₹11 cr |
| PUBLIC SECTOR PENSION INVESTMENT BOARD - IIFL ASSET MANAGEMENT LIMITED | ₹11 cr |
| WHITEOAK CAPITAL EQUITY TRUST - WHITEOAK CAPITAL EQUITY FUND II | ₹11 cr |
| ADITYA BIRLA SUN LIFE MUTUAL FUND - ADITYA BIRLA SUN LIFE INFRASTRUCTURE FUNDmutual fund | ₹10 cr |
| HDFC MUTUAL FUND - HDFC DEFENCE FUNDmutual fund | ₹9.5 cr |
| NIPPON LIFE INDIA TRUSTEE LTD- A/C NIPPON INDIA VALUE FUNDmutual fund | ₹8.7 cr |
| NIPPON LIFE INDIA TRUSTEE LTD- A/C NIPPON POWER & INFRA FUNDmutual fund | ₹8.7 cr |
| AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS INDIA MANUFACTURING FUNDmutual fund | ₹8.1 cr |
| ALTIVA HYBRID LONG-SHORT FUND | ₹7 cr |
| KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK SERVICES FUNDmutual fund | ₹6.1 cr |
| MIRAE ASSET INFRASTRUCTURE FUND | ₹6 cr |
| KOTAK INFRASTRUCTURE & ECONOMIC REFORM FUND | ₹5.7 cr |
| KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK MANUFACTURE IN INDIA FUNDmutual fund | ₹5.7 cr |
| HDFC LIFE INSURANCE COMPANY LIMITED | ₹5 cr |
| HELIOS INDIA EMERGING STAR FUND | ₹5 cr |
| THE PRUDENTIAL ASSURANCE COMPANY LIMITED | ₹5 cr |
| TITANIUM HYBRID LONG-SHORT FUND | ₹5 cr |
| ALLIANZ GLOBAL INVESTORS FUND - ALLIANZ INDIA EQUITY | ₹5 cr |
| ASHOKA INDIA EQUITY INVESTMENT TRUST PLC | ₹5 cr |
| CANARA ROBECO MUTUAL FUND A/C CANARA ROBECO VALUE FUNDmutual fund | ₹5 cr |
| KOTAK MAHINDRA LIFE INSURANCE COMPANY LTD. | ₹5 cr |
| TATA AIA LIFE INSURANCE COMPANY LIMITED A/C FLEXI GROWTH FD II (ULIF 074 02/05/24 FG2 110) | ₹5 cr |
| MIRAE ASSET MULTI ASSET ALLOCATION FUND | ₹5 cr |
| ALTIVA EQUITY EX-TOP 100 LONG- SHORT FUND | ₹4 cr |
| HELIOS SMALL CAP FUND | ₹4 cr |
| HDFC MUTUAL FUND-HDFC CONSERVATIVE HYBRID FUNDmutual fund | ₹4 cr |
| HDFC MUTUAL FUND - HDFC INNOVATION FUNDmutual fund | ₹4 cr |
| HELIOS BALANCED ADVANTAGE FUND | ₹2 cr |
| AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS INNOVATION FUNDmutual fund | ₹1.8 cr |
| AXIS MAX LIFE INSURANCE LIMITED A/C - ULIF01425/03/08LIFEDYNOPP104 - DYNAMIC OPPORTUNITIES FUND | ₹1.6 cr |
| AXIS MAX LIFE INSURANCE LTD A/C UAIGF - RISING INDIA MANUFACTURING FUND | ₹1.3 cr |
| AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS EQUITY SAVINGS FUNDmutual fund | ₹1.1 cr |
| AXIS MAX LIFE INSURANCE LIMITED A/C - ULIF00525/11/05PENSGROWTH104 - PENSION GROWTH FUND | ₹1 cr |
| AXIS MAX LIFE INSURANCE LIMITED A/C - ULGF00217/04/06GRATBALANC104 - GROUP GRATUITY BALANCED FUND | ₹0.7 cr |
| ADITYA BIRLA SUN LIFE MUTUAL FUND - APEX HYBRID LONG-SHORT FUNDmutual fund | ₹0.5 cr |
| AXIS MAX LIFE INSURANCE LIMITED A/C - ULIF00625/11/05PENSBALANC104 - PENSION BALANCED FUND | ₹0.3 cr |
| ADITYA BIRLA SUN LIFE MUTUAL FUND - APEX EQUITY EX-TOP 100 LONG-SHORT FUNDmutual fund | ₹0.2 cr |
| ADITYA BIRLA SUN LIFE MUTUAL FUND - APEX EQUITY LONG-SHORT FUNDmutual fund | ₹0.2 cr |
| AXIS MAX LIFE INSURANCE LIMITED PENSION PRESERVER FUND(ULIF01815/02/13PENSPRESER10 4) | ₹0.1 cr |
From the issuer’s anchor allotment filing. A record of who was allotted what — not a recommendation.
- Anchor investors — first trancheSEBI ICDR 2018 Reg. 32(5)(b) — 50% of the anchor allocation, 30 days from allotment22 Nov 202650% of this tranche
- Anchor investors — second trancheSEBI ICDR 2018 Reg. 32(5)(a) — the remaining 50% of the anchor allocation, 90 days from allotment21 Jan 202750% of this tranche
- All other pre-issue capitalSEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment23 Apr 2027whole tranche releases on this date
- Promoters' minimum contributionSEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment23 Apr 2028whole tranche releases on this date
Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.
Every offer document must set out the reasoning behind its own price: what the company earned in the years before it came to market, and what multiple of those earnings it is asking for. This is that chapter — the issuer’s argument for its price, not our assessment of it.
| Year | Basic | Diluted | Weight |
|---|---|---|---|
| FY2024 | ₹62.61 | ₹13.63 | 1 |
| FY2025 | ₹13.38 | ₹12.70 | 2 |
| FY2026 | ₹9.19 | ₹8.88 | 3 |
Figures as printed in the offer document's "Basis for Offer Price" chapter. A record of the case the issuer made for its own price, not our valuation of it.
Everything we extracted from this issue's offer document is the pricing justification rather than the restated statements — it is shown under how the offer was priced. The restated financial statements themselves have not been extracted for this issue.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
The offer document must name the listed companies the issuer considers comparable, and print their valuation figures beside its own. This is that list — the issuer’s choice of comparison, not ours.
| Company | P/E | P/B | RoNW | EPS | Income |
|---|---|---|---|---|---|
| Astra Microwave Products Limited | 83.9 | — | — | 20.32 | ₹11,628 cr |
| Bharat Electronics Limited | 45.7 | — | — | 8.29 | ₹2,76,101 cr |
| Paras Defence and Space Technologies Limited | 117.7 | — | — | 10.93 | ₹4,766 cr |
| Zen Technologies Limited | 73.4 | — | — | 21.52 | ₹6,877 cr |
The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.
Figures as PRINTED by the issuer in its own offer document. The comparison set is the issuer's choice, not ours.
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
IIFL Capital Services Limited 2024 – 2026 | 37 20 measurable | +21.1% | 8 of 16 | 0 of 2 | 0 of 2 |
JM Financial Limited 2021 – 2026 | 75 24 measurable | +13.3% | 10 of 21 | 2 of 5 | 0 of 3 |
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Kfin Technologies Limited 2021 – 2026 | 140 46 measurable | +8.9% | 20 of 41 | 5 of 11 | 3 of 7 |
A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.
- Prospectus· PDF · exchange archive21 Oct 2026
- Red herring prospectus (RHP)· ZIP · exchange archive
- Draft red herring prospectus (DRHP)· ZIP · exchange archive4 Aug 2026
- Draft red herring prospectus (DRHP)· PDF · exchange archive22 Dec 2025
- Abridged prospectus· PDF · exchange archive12 Oct 2026
- Anchor investor allotment· ZIP · exchange archive
- Financial ratios advertisement· ZIP · exchange archive
- In-principle approval (XBRL)· XML · exchange archive
- Listing filing (XBRL)· XML · exchange archive
Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.
Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.