Tonbo Imaging India IPO
Grey Market Premium (GMP)
Last updated: 12 Oct 2026, 11:00 am IST
GMP trend over the last 42 readings: rising, from ₹0 to ₹270 (range ₹0 to ₹310).
GMP is an unofficial figure from grey market dealers and is not a guarantee of listing price.
Subscription Status
Subscription data appears once bidding opens.
IPO Details
- Open Date
- 15 Oct 2026
- Close Date
- 19 Oct 2026
- Listing Date
- 23 Oct 2026
- Face Value
- ₹2
- Fresh Issue
- ₹0 Cr
- OFS
- ₹0 Cr
- Listing On
- NSE, BSE
- Registrar
- KFin Technologies (KFintech)
The fresh issue is money for the company; the OFS goes to selling shareholders. Fresh issue vs offer for sale, explained
Financials (₹ Cr)
| Period Ended | Revenue | PAT | EBITDA | Net Worth | Total Assets | Borrowings | EPS (₹) |
|---|---|---|---|---|---|---|---|
| FY 2024 | 431.9 | 68.54 | 112.32 | 230.13 | 574.68 | 96.36 | — |
| FY 2025 | 474.39 | 72.76 | 139.06 | 490.14 | 726.36 | 78.14 | — |
| FY 2026 | 369.94 | 50.88 | 104.62 | 553.16 | 782.5 | 116.06 | — |
| Jun 2026 (interim) | 37.32 | -17.74 | -13.04 | 538.54 | 782.87 | 129.72 | 8.88 |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March. Interim periods cover part of a year and are not comparable to the full-year rows.
KPIs & Valuation
- RoNW
- -3.25%
- RoE
- -3.25%
- RoCE
- -4.31%
- EPS (pre-issue)
- ₹8.88
- EPS (post-issue)
- ₹8.88
- EBITDA Margin
- -36.21%
- PAT Margin
- -47.52%
- NAV / share
- ₹94.01
As of 30 Jun 2026 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.
Promoters & Shareholding
Promoters: <p>Ankit Kumar, Arvind Kondangi Lakshmikumar, Cecilia D’Souza</p>
- Holding (pre-issue)
- 18.58%
- Holding (post-issue)
- 15.72%
- Dilution
- 2.86%
Documents
Peer Comparison
| Company | EPS (₹) | NAV (₹) | P/E | RoNW | P/BV | Statements |
|---|---|---|---|---|---|---|
| Tonbo Imaging India | 9.19 | 96.57 | — | 9.75% | — | Consolidated |
| Astra Microwave Products Ltd | 20.32 | 138.46 | 83.92x | — | 12.33x | Consolidated |
| Bharat Electronics Ltd | 8.29 | 32.82 | 45.7x | — | 11.81x | Consolidated |
| Data Patterns (india) Ltd | 48.47 | 310.08 | 87.29x | 17% | 13.65x | Standalone |
| Paras Defence And Space Technologies Ltd | 10.93 | 90.02 | 117.88x | — | 14.29x | Consolidated |
| Zen Technologies Ltd | 21.52 | 209.22 | 73.44x | — | 7.56x | Consolidated |
Peer group as disclosed in the offer document, figures as of 31 Mar 2026. The issuer’s P/E is computed at the upper price band.
Lead Managers (BRLMs)
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About the Tonbo Imaging India IPO
The Tonbo Imaging India mainboard IPO runs from 15 Oct 2026 to 19 Oct 2026, offered at an issue price of ₹700 per share, and is set to list on NSE and BSE. The company is looking to raise ₹852.18 crore through the offer. Retail investors bid in lots of 21 shares.
Financials
In FY2026, Tonbo Imaging India reported revenue of ₹37.32 crore and a net loss of ₹17.74 crore. Revenue declined from ₹431.9 crore in FY2024 to ₹37.32 crore in FY2026 (-91.0%). Net worth stood at ₹538.54 crore at the end of FY2026. At the upper band, that puts the issue at roughly 78.8× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.
Peer comparison
The offer document names listed peers including Astra Microwave Products Ltd and Bharat Electronics Ltd, with a median peer P/E of about 83.9×.
Promoters
The promoters of the company are <p>Ankit Kumar, Arvind Kondangi Lakshmikumar, Cecilia D’Souza</p>. Promoter holding stands at 18.58% before the issue and comes down to 15.72% after listing.
Grey market premium (GMP)
In the unofficial grey market, Tonbo Imaging India shares are quoted at a premium of ₹270 implying an expected listing around ₹970, about +38.6% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.
What to weigh
When evaluating the Tonbo Imaging India IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.
Tonbo Imaging India — Contact Details
- Registered office
- No.3 Chikkayellappa Tower-II,1st C Main, Sarjapur Main Road, Jakkasandra Extension,, Chikkayellappa Industrial Layout, Bengaluru, Karnataka, 560034
- Phone
- 63 64 926 273
- Website
- tonboimaging.com/
- Registrar (IPO queries)
- tonbo.ipo@kfintech.com
Frequently asked questions
- What is the Tonbo Imaging India IPO price band?
- The Tonbo Imaging India IPO price band is ₹700 per share, with a lot size of 21 shares.
- What is the Tonbo Imaging India IPO GMP today?
- The latest grey market premium for the Tonbo Imaging India IPO is ₹270, implying an expected listing near ₹970. GMP is an unofficial figure and not a guarantee of the listing price.
- When does the Tonbo Imaging India IPO open and close?
- The Tonbo Imaging India IPO opens on 15 Oct 2026 and closes on 19 Oct 2026.
- When is the Tonbo Imaging India IPO allotment and listing date?
- Allotment is expected on 21 Oct 2026. The shares are scheduled to list on 23 Oct 2026 on NSE and BSE.
- Who are the promoters of Tonbo Imaging India and what is their holding?
- The promoters are <p>Ankit Kumar, Arvind Kondangi Lakshmikumar, Cecilia D’Souza</p>. Promoter holding is 18.58% before the issue and 15.72% after listing.
- Who are the lead managers and registrar of the Tonbo Imaging India IPO?
- The book-running lead managers are JM Financial Ltd., IIFL Capital Services Ltd.. KFin Technologies (KFintech) is the registrar to the issue.
- Is Tonbo Imaging India a Mainboard or SME IPO?
- Tonbo Imaging India is a Mainboard IPO, listing on NSE and BSE.