Defence Tech Firm Tonbo Imaging Fixes ₹852 Crore IPO Price Band

12 Oct 2026, 10:53 am · 3h ago · 1 min read · Inc42New

Amount

₹852 Cr

Stage

IPO

Bengaluru-based defence tech company Tonbo Imaging has set its IPO price band at ₹665 to ₹700 per share, targeting a valuation of ₹4,009.8 crore ($480 million). The ₹852.1 crore public issue is entirely an offer for sale of up to 1.22 crore equity shares, opening on October 15 and closing October 19. Cofounders Arvind Lakshmikumar, Ankit Kumar, and Cecilia D’Souza, along with investors CEAQ Technologies and Artiman Partners, are offloading shares. Tonbo manufactures electro-optic systems deployed across 24 countries, posting ₹36 crore revenue and a ₹17.7 crore net loss in Q1 FY27.