Business · India Bureau
Defence tech firm Tonbo Imaging sets IPO price band at ₹665-700
The Bengaluru-based defence startup will open its initial public offering on October 15, seeking to raise capital through the sale of up to 12.17 million shares. Tonbo Imaging has established a significant global footprint with its systems deployed across 24 countries.
LSN India ·
Tonbo Imaging, a Bengaluru-headquartered defence technology company, has fixed the price band for its maiden public offering at ₹665 to ₹700 per share. The company will commence its share sale on October 15, offering up to 12.17 million shares to investors through an offer for sale structure.
The pricing announcement marks a significant milestone for the defence startup, which has built expertise in specialized imaging and surveillance solutions. The company's technology has gained traction in both domestic and international markets, with its systems currently deployed across more than 24 countries globally.
Tonbo Imaging's decision to go public comes as India's defence sector continues to attract increased investment and entrepreneurial activity. The startup's IPO is expected to provide liquidity to existing shareholders while enabling the company to fund expansion plans and strengthen its competitive position in the global defence technology market.
The company's deployment of over 28,000 systems worldwide underscores the commercial viability of its offerings in the defence and security domain. The IPO price band reflects investor interest in homegrown defence technology firms that cater to both government and commercial customers globally.