Tonbo Imaging India IPO GMP today is Rs 515. Investors can use this GMP along with price band and subscription status for a better IPO review.
Closed
Mainboard IPO
TONBO
Tonbo Imaging India IPO GMP & Allotment
Tonbo Imaging India operates as a global defence electronics original equipment manufacturer, designing and developing advanced imaging, processing, and communication systems tailored for surveillance, reconnaissance, targeting, and control. The company’s core business involves creating full-stack electro-optics systems, ranging from core sensor technology to fully integrated autonomous platforms for battlefield applications across land, air, and sea. Revenue is primarily generated through two main operating segments: tactical systems and platform systems. Tactical offerings include lightweight, weapon-mounted, and helmet-mounted electro-optical sights that provide soldiers with observation and targeting capabilities. Platform-grade optronics feature multi-sensor gimbals and infrared payloads designed for integration into armoured vehicles, airborne platforms, and naval assets. The business supplies these highly specialized combat and situational awareness systems to global militaries, homeland security agencies, and system integrators across multiple international markets through a tender-based competitive bidding and procurement model.
- IPO Price Band
- ₹665.00 - ₹700.00
- Lot Size
- 21 Shares
- Bidding Closes
- 19 Oct 2026
- Listing Date
- 23 Oct 2026
Current GMP Status
₹515
+73.57% vs upper band
Est. Listing Gain
+73.57%
Last Trend
22 Oct 2026
Listing Price
Est. ₹1,215
Retail Entry
₹14,700
IPO Details
Complete IPO information
| IPO Open Date | 15 Oct 2026 |
|---|---|
| IPO Close Date | 19 Oct 2026 |
| IPO Price Band | ₹665.00 - ₹700.00 |
| Lot Size | 21 Shares |
| Current GMP | ₹515 |
| Estimated Listing Gain | +73.57% |
| Issue Size | Approx ₹852.18 Cr |
| Fresh Issue | - |
| Issue Type | Mainboard |
| IPO Listing | BSE, NSE |
| Retail Quota | TBA |
| Registrar | Kfin Technologies Ltd. |
| Overall Subscription | 135.9x |
| Minimum Investment | ₹14,700 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 24.32 | 7139.33 | 293.56x |
| NII | 18.24 | 3118.02 | 170.94x |
| Retail | 42.56 | 1322.24 | 31.07x |
| Overall Subscription | 85.26 | 11587.19 | 135.90x |
Day-wise demand
Tonbo Imaging India IPO subscription status day-wise
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 3 (19 Oct) | 3.95x | 14.35x | 7.12x | 7.77x |
Subscription in times (x) at the end of each bidding day. Today's row updates through the day.
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Tonbo Imaging India is priced at ₹700 per share. With a minimum lot size of 21 shares, a retail investor applying for one lot would need approximately ₹14,700 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for Tonbo Imaging India stands at ₹515, implying an estimated listing gain of around 73.57% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Tonbo Imaging India's IPO was subscribed 135.9x overall, with a category-wise breakdown of Retail 31.07x, QIB 293.56x, NII 170.94x.
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
15 Oct 2026
✓
Bidding Closes
19 Oct 2026
03
Allotment Next
21 Oct 2026
04
Listing
23 Oct 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 22 Oct 2026 | ₹515.00 | - | 73.57% |
| 21 Oct 2026 | ₹515.00 | -₹5.00 | 74.28% |
| 20 Oct 2026 | ₹520.00 | - | 74.29% |
| 19 Oct 2026 | ₹520.00 | -₹5.00 | 74.29% |
| 18 Oct 2026 | ₹525.00 | - | 75.00% |
| 17 Oct 2026 | ₹525.00 | +₹25.00 | 75.00% |
| 16 Oct 2026 | ₹500.00 | - | 71.43% |
| 15 Oct 2026 | ₹500.00 | - | 71.43% |
| 14 Oct 2026 | ₹500.00 | +₹40.00 | 71.43% |
| 13 Oct 2026 | ₹460.00 | +₹85.00 | 65.71% |
| 12 Oct 2026 | ₹375.00 | +₹105.00 | TBA |
| 11 Oct 2026 | ₹270.00 | - | 0.00% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 21 | ₹14,700 |
| Retail Maximum | 13 Lot | 273 | ₹1,91,100 |
| S-HNI Minimum | 14 Lot | 294 | ₹2,05,800 |
| S-HNI Maximum | 68 Lot | 1,428 | ₹9,99,600 |
| B-HNI Minimum | 69 Lot | 1,449 | ₹10,14,300 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
Tonbo Imaging India IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 15 Oct 2026 |
| IPO Close Date | 19 Oct 2026 |
| Basis of Allotment | 21 Oct 2026 |
| Refunds | 22 Oct 2026 |
| Credit to Demat Account | 22 Oct 2026 |
| IPO Listing Date | 23 Oct 2026 |
Note: The timeline for Tonbo Imaging India IPO is tentative and subject to change.
Analysis
Tonbo Imaging India Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Analysis
Tonbo Imaging India Company Financials
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 431.90 Cr. | 336.94 Cr. | 68.54 Cr. | 574.68 Cr. |
| 2025 | 474.39 Cr. | 374.35 Cr. | 72.76 Cr. | 726.36 Cr. |
| 2026 | 369.94 Cr. | 299.98 Cr. | 50.88 Cr. | 782.50 Cr. |
| June 2026 | 782.87 Cr. | 61.07 Cr. | -17.74 Cr. | 782.87 Cr. |
Note: Financial numbers for Tonbo Imaging India are in ₹ Crores unless stated otherwise.
Analysis
Tonbo Imaging India Company Valuation – FY2026
| KPI | Values |
|---|---|
| ROE | 9.75% |
| ROCE | 14.54% |
| EBITDA Margin | 28.85% |
| PAT Margin | 13.75% |
| Debt to Equity Ratio | - |
| Earning Per Share (EPS) | 9.19 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 9.75% |
| Net Asset Value (NAV) | 96.57 |
Note: Valuation KPIs for Tonbo Imaging India are computed for FY2026.
Analysis
Tonbo Imaging India IPO Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Paras Defence and Space Technologies Limited | 10.93 | 117.88 | NA | 90.02 | 476.57 Cr. |
| Data Patterns (India) Limited | 48.47 | 91.41 | 16.70 | 310.08 | 924.77 Cr. |
| Astra Microwave Products Limited | 20.32 | 90.81 | NA | 138.46 | 1162.80 Cr. |
| Zen Technologies Limited | 21.52 | 77.27 | NA | 209.22 | 687.69 Cr. |
| Bharat Electronics Limited | 8.29 | 46.85 | NA | 32.82 | 27610.11 Cr. |
Note: Peer group comparisons for Tonbo Imaging India are sourced from DRHP filings.
Comparison
Compare Tonbo Imaging India IPO with similar IPOs
FAQ
Tonbo Imaging India IPO FAQs
Tonbo Imaging India IPO price band is Rs 665.00 to Rs 700.00. Check the latest issue price, lot size and GMP together before applying.
Tonbo Imaging India IPO open date is 15 Oct 2026, close date is 19 Oct 2026, and listing date is 23 Oct 2026.
Tonbo Imaging India IPO lot size is 21 shares. The minimum retail investment is Rs 14,700.
Tonbo Imaging India is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
Tonbo Imaging India IPO subscription status currently shows Retail 31.07x, QIB 293.56x, NII 170.94x, Overall 135.9x.
Tonbo Imaging India operates as a global defence electronics original equipment manufacturer, designing and developing advanced imaging, processing, and communication systems tailored for surveillance, reconnaissance, targeting, and control. The company’s core business involves creating full-stack electro-optics systems, ranging from core sensor technology to fully integrated autonomous platforms for battlefield applications across land, air, and sea. Revenue is primarily generated through two main operating segments: tactical systems and platform systems. Tactical offerings include lightweight, weapon-mounted, and helmet-mounted electro-optical sights that provide soldiers with observation and targeting capabilities. Platform-grade optronics feature multi-sensor gimbals and infrared payloads designed for integration into armoured vehicles, airborne platforms, and naval assets. The business supplies these highly specialized combat and situational awareness systems to global militaries, homeland security agencies, and system integrators across multiple international markets through a tender-based competitive bidding and procurement model.
Tonbo Imaging India IPO issue size is TBA and the expected allotment date is 21 Oct 2026.
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