BlackRock, SBI MF lead Tonbo Imaging’s Rs 255 crore anchor spherical forward of IPO
Tonbo Imaging’s IPO will open for subscription on Thursday, October 15, 2026, and shut on Monday, October 19, 2026. The firm has fastened a worth band of Rs 665-700 per share. Investors can bid for at least 21 shares and in multiples of 21 shares thereafter.
The IPO is fully a proposal on the market of as much as 1,21,74,046 fairness shares. At the higher finish of the value band, the difficulty measurement works out to about Rs 852 crore. Since the difficulty is a proposal on the market, the proceeds will go to the promoting shareholders and to not the corporate.
Tonbo Imaging is described as a world defence authentic gear producer and India’s largest producer of thermal imaging programs provided to authorities and defence companies by gross sales throughout the interval from April 2024 to March 2026, in accordance with IPO paperwork.
The anchor e book noticed sturdy participation from home mutual funds, insurance coverage firms and international institutional traders. Out of the whole anchor allocation, 21,05,565 shares, or 57.72% of the anchor portion, have been allotted to 12 home mutual funds by 25 schemes.
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Domestic institutional traders that participated within the anchor e book included SBI Infrastructure Fund, ICICI Prudential Smallcap Fund, HDFC Mutual Fund, Kotak Mahindra Mutual Fund, Nippon India Mutual Fund, Aditya Birla Sun Life Mutual Fund, Axis Mutual Fund, Mirae Asset, Canara Robeco, Helios and WhiteOak Capital.Insurance firms additionally participated within the anchor spherical. The listing included HDFC Life Insurance Company, Axis Max Life Insurance, Kotak Mahindra Life Insurance Company and Tata AIA Life Insurance Company.
The firm additionally drew curiosity from international traders. The anchor e book included participation from Goldman Sachs, BlackRock, Aranda Investments, Ashoka India Equity Investment Trust, Public Sector Pension Investment Board, The Prudential Assurance Company and Allianz Global Investors.
Tonbo Imaging is coming to the market at a time when defence, aerospace and manufacturing-linked themes have remained in focus amongst traders. The firm’s positioning in thermal imaging programs and defence know-how locations it in a sector the place order visibility, authorities spending and export alternatives can be intently watched.
Thermal imaging programs are utilized in surveillance, concentrating on, border safety and different defence purposes. Tonbo Imaging’s buyer base consists of authorities and defence companies, making the corporate a part of India’s broader defence know-how and indigenisation theme.
JM Financial and IIFL Capital Services are the book-running lead managers to the difficulty. The firm’s shares are proposed to be listed on the inventory exchanges after completion of the IPO course of.
Disclosure: This article has been written by Podishetti Akash, who isn’t a SEBI-registered Research Analyst or an Investment Adviser. Podishetti Akash and his ‘relative(s)’ (as outlined below Section 2(77) of the Companies Act, 2013) don’t maintain any monetary curiosity within the firms talked about on this article as of the date of publication. The views/suggestions talked about on this article, wherever relevant, are these of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They shouldn’t be construed because the views or suggestions of The Economic Times Digital or the journalist. Readers are suggested to think about the unique analysis report and make their asset placement selections based mostly on their very own evaluation. Brokerage disclosures here
