Neutral impactCorporate Action
Defence tech firm Tonbo Imaging sets IPO price band at Rs 665-700; issue to open on Oct 15
Economic Times 2 hrs ago·12 Oct 2026, 4:43 am
Tonbo Imaging, a defence technology company, has announced its Initial Public Offering (IPO) with a price band of Rs 665-700 per share. The issue will open for subscription on October 15 and close on October 19. This is an Offer for Sale (OFS), meaning no new capital will be raised by the company. Instead, existing shareholders, including promoters and early investors, will sell their shares to the public.
This move allows the company's early backers to partially exit their investment. For investors, the IPO presents an opportunity to buy into a firm focused on defence and surveillance technologies. The stock will be listed on the NSE SME platform. Investors should watch the grey market premium and the company's financial performance to gauge investor sentiment.
Investors should note that this is a pure OFS, so the company's financial health is not directly impacted by the funds raised. The price band will determine the final issue price, which will be decided after the subscription period closes.
Excerpt from Economic Times
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Key takeaways
- Concerns IIFL Finance (IIFL).
- Category: Corporate Action.
- Also mentions IIFLCAPS, JMFINANCIL.
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