Financial Performance
Amounts in ₹ crore; EPS in ₹ per share. PAT is total profit for the period, including non-controlling interests. Standalone statements.
Source temporarily unavailable for this period and basis.
01 · UNDERSTAND THE BUSINESS
The company in 60 seconds
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.
What supports the business
- Owns extensive unrestricted IP in infrared imaging and target tracking.
- Offers full-stack capabilities from core sensors to autonomous platforms.
- Established global footprint across 24 countries with defence clients.
- Led by an experienced team with 21+ years in optical defence tech.
- Agile design framework enables rapid re-engineering for key components.
What could go wrong
- Vulnerable to long, unpredictable government budget and tender cycles.
- Dependent on a limited global supply chain for raw materials like Germanium.
- Highly dependent on short-term, non-recurring tenders from selected clients.
- Uses an outsourced manufacturing model, risking third-party quality or delays.
- Extended gestation cycles strain liquidity and drive high working capital needs.
Where will the IPO money go?
Use of proceeds is awaiting review.
Fresh issue proceeds go to the company. Offer-for-sale proceeds go to the selling shareholders.
Provider content · IPOALERTS · Not independently reviewed · Retrieved 18 Oct 2026, 11:00 pm IST · Data source ↗
A research starting point, not an apply/avoid recommendation.
02 · PREPARE YOUR APPLICATION
How much will be blocked?
Category rules pending · Mainboard
Applications are closed. This is a reference calculation.
Application rules are awaiting review. Check the issue prospectus or your broker.
Before you finish applying 0/5
Your personal checklist for this visit. MeraIPO cannot verify or submit an application.
All checked? This still does not guarantee allotment. If a UPI mandate is missing, contact the broker or intermediary you used. ASBA through a bank may not use UPI.
Application help from NSE ↗03 · KEEP TRACK
Dates that matter
Tentative · check for changes- Applications open15 Oct 2026
- Applications close19 Oct 2026
- Accept UPI mandate byTo be announced
- Allotment expectedTo be announced
- Unblocking startsTo be announced
- Expected listing23 Oct 2026
All times are IST. Your broker may stop accepting bids earlier. Unblocking is an initiation date; bank processing times can differ.
Add dates to calendar ↓Import these dates into your calendar. Saved dates will not update automatically if the schedule changes.
Full provider schedule
- Issue open date: 15 Oct 2026
- Issue close date: 19 Oct 2026
- UPI mandate deadline: 19 Oct 2026
- Allotment finalization: 21 Oct 2026
- Refund initiation: 22 Oct 2026
- Share credit: 22 Oct 2026
- Listing date: 23 Oct 2026
- Mandate end date: 3 Nov 2026
- Lock-in end date for anchor investors (50%): 19 Nov 2026
- Lock-in end date for anchor investors (remaining): 18 Jan 2027
Dates supplied by IPOALERTS; no deadline time was provided. Check the issue source.
Did you get shares?
The official registrar link is awaiting verification.
UPI mandate missing?
Check your UPI app and application status with the broker or bank you used. Contact that intermediary before the applicable deadline. Submitting a bid alone does not confirm that funds were blocked.
NSE application guidance ↗Market interest
Subscription
- Institutional (QIB)
- 293.56×
- Nii
- 170.94×
- Retail applicants
- 31.07×
- Employee
- 54.33×
- Total
- 135.9×
Bids received relative to shares offered. Higher subscription does not guarantee returns.
Updated 19 Oct 2026, 7:00 pm IST · NSE_CONSOLIDATED ↗
Unofficial GMP
₹510
Implied price: ₹1,210
An unofficial indication, not an exchange quote or a forecast. Listing prices may differ substantially.
19 Oct 2026, 10:55 pm IST · Stale
Financial history & source documents
BUSINESS VS PRICE
Insufficient Data / Price pending
Two comparable YoY results and EBITDA margins are required.
The quarterly journey
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Quarterly results are not available yet. The original IPO baseline is retained separately.
“—” means unavailable, not zero. Year-on-year growth requires a positive comparable period. Cash flow is shown only when reported for that period.
Annual financial history · latest four years
Separate from the original pre-IPO baseline. Amounts in ₹ crore; EPS in ₹.
No annual filings have been imported yet.
Stock journey
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Sources & further research
Filing sources & update times
Source and verification record
Rhp url ↗ · Unverified · 18 Oct 2026, 11:01 pm IST
Exchange url ↗ · Unverified · 18 Oct 2026, 11:01 pm IST
Issue size ↗ · Unverified · 18 Oct 2026, 11:01 pm IST
Lot size ↗ · Unverified · 18 Oct 2026, 11:01 pm IST
Price high ↗ · Unverified · 18 Oct 2026, 11:01 pm IST
Price low ↗ · Unverified · 18 Oct 2026, 11:01 pm IST
Listing date ↗ · Unverified · 18 Oct 2026, 11:01 pm IST
Close date ↗ · Unverified · 18 Oct 2026, 11:01 pm IST
Open date ↗ · Unverified · 18 Oct 2026, 11:01 pm IST
Status ↗ · Unverified · 18 Oct 2026, 11:01 pm IST
Exchange ↗ · Unverified · 18 Oct 2026, 11:01 pm IST
Board ↗ · Unverified · 18 Oct 2026, 11:01 pm IST
Sector ↗ · Unverified · 18 Oct 2026, 11:01 pm IST
Name ↗ · Unverified · 18 Oct 2026, 11:01 pm IST
Slug ↗ · Unverified · 18 Oct 2026, 11:01 pm IST
Rhp url ↗ · Unverified · 16 Oct 2026, 5:13 pm IST
Exchange url ↗ · Unverified · 16 Oct 2026, 5:13 pm IST
Issue size ↗ · Unverified · 16 Oct 2026, 5:13 pm IST
Lot size ↗ · Unverified · 16 Oct 2026, 5:13 pm IST
Price high ↗ · Unverified · 16 Oct 2026, 5:13 pm IST