Tonbo Imaging India IPO allotment today; GMP at 73% — check status on BSE, NSE and registrar
The allotment status of Tonbo Imaging India's initial public offering (IPO) is expected to be finalised on October 21, with the defence electronics company's shares commanding a grey market premium (GMP) of around 73% ahead of their stock market debut on October 23.
The allotment status of Tonbo Imaging India's initial public offering (IPO) is expected to be finalised today, on October 21, with the defence electronics company's shares commanding a grey market premium (GMP) of around 73% ahead of their stock market debut on October 23. The Rs 852.18-crore IPO closed for subscription on October 19, attracting bids for 1,15,86,91,464 shares against 85,26,033 shares on offer.
The issue was subscribed 135.9 times, according to data from the National Stock Exchange (NSE). The latest available grey market indications put the premium at around Rs 513 per share, according to InvestorGain. Against the upper end of the IPO price band of Rs 700, this implies an indicative listing price of Rs 1,213, representing a potential gain of 73.29%. However, the grey market premium is an unofficial indicator of investor sentiment and does not guarantee listing gains.
The actual listing price may differ from these estimates. Tonbo Imaging India IPO allotment status: How to check Investors can check their allotment status once the basis of allotment is finalised through the BSE website, NSE website or the IPO registrar, KFin Technologies. Step 1. Visit the BSE IPO application status page at https://www.bseindia.com/investors/appli_check Step 2. Select Tonbo Imaging India from the issue name list, once available.
Step 3. Enter the application number or PAN details as requested. Step 4. Submit the details to view the allotment status. 1. Go to the NSE IPO bid verification page at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids 2. Select the relevant IPO and enter the required application details. 3. Submit the information to check the status. Through KFin Technologies: Step 1. Visit the KFin Technologies IPO allotment status portal at https://ipostatus.kfintech.com/
Step 2. Select Tonbo Imaging India IPO. Step 3. Enter the required details, such as PAN, application number or Demat account details. Step 4. Submit the form to view the result. Refunds for unsuccessful applicants and credit of shares to successful applicants' Demat accounts are scheduled for October 22, while the shares are expected to list on the BSE and NSE on October 23. The IPO saw strong demand across investor categories on the final day of bidding.
Qualified Institutional Buyers (QIBs) subscribed to their reserved portion 293.56 times, while the Non-Institutional Investors (NIIs) category was subscribed 170.94 times. The Retail Individual Investors (RIIs) portion received 31.06 times subscription. The company fixed the IPO price band at Rs 665-700 per share. The lot size was 21 shares, requiring a minimum investment of Rs 14,700 for retail investors applying at the upper end of the price band.
The public issue comprised an offer for sale (OFS) of 1,21,74,046 equity shares, with no fresh issue component. At the upper end of the price band, the issue was valued at Rs 852.18 crore, implying a market capitalisation of around Rs 4,010 crore. Since the IPO is entirely an OFS, Tonbo Imaging India will not receive proceeds from the share sale. The proceeds, after applicable expenses, will go to the existing shareholders selling their stakes.
Promoters Arvind Kondangi Lakshmikumar, Ankit Kumar and Cecilia D'Souza, along with existing investors including CEAQ Technologies, Timothy Guy Mitchell, Artiman Partners LLC and Ramesh Radhakrishnan, are among the shareholders offloading their holdings. JM Financial and IIFL Capital Services are the book-running lead managers, while KFin Technologies is the registrar to the issue. Tonbo Imaging reported a net loss of Rs 17.74 crore on revenue of Rs 36 crore in the April-June quarter of FY27.
For FY26, its profit after tax declined 30% to Rs 50.88 crore from Rs 72.76 crore in FY25. Total income fell around 22.1% to Rs 369.94 crore in FY26 from Rs 474.39 crore in the previous financial year. About Tonbo Imaging India Incorporated in 2003, Tonbo Imaging India designs and manufactures electro-optic and electronic systems for defence applications. Its product portfolio includes thermal imaging systems, weapon sights, handheld thermal imaging binoculars, targeting systems, missile seekers, fire-control systems and missile-guidance systems. The company supplies technologies used in surveillance, reconnaissance, targeting and other military applications.