Tonbo Imaging India IPO GMP Today
Expected Gain: 71.14%
Tonbo Imaging India IPO GMP Today, 15 October 2026
Tonbo Imaging India IPO GMP today is ₹498. Based on the latest grey-market premium figure supplied for this update, the GMP stands at ₹498 per share on 15 October 2026.
The IPO price band is ₹665 to ₹700 per share. Adding the latest reported GMP of ₹498 to the upper price band of ₹700 gives an indicative GMP-based listing price of ₹1,198 per share.
Based on the upper price band, the indicative gain is approximately 71.14%. For one lot of 21 shares, the indicative GMP-based profit is ₹10,458 before charges and taxes.
The previous day’s GMP has not been confirmed in the information supplied for this update. Therefore, the daily GMP movement cannot be calculated reliably.
Tonbo Imaging India Limited operates in defence electronics and develops electro-optical and infrared imaging, surveillance, targeting, guidance and related defence systems. Investors should review the company’s offer documents, financial performance, valuation and risk factors before making an investment decision.
The IPO is scheduled to open on 15 October 2026 and close on 19 October 2026. The tentative allotment date is 21 October 2026, and the tentative listing date is 23 October 2026.
Tonbo Imaging India IPO GMP is unofficial and does not guarantee the actual listing price or investment returns.
Tonbo Imaging India IPO Expected Listing Price
IPO Upper Price Band: ₹700
Latest GMP on 15 October 2026: ₹498
₹700 + ₹498 = ₹1,198
The indicative listing price based on the latest supplied GMP is ₹1,198 per share. The actual listing price may be different.
Estimated Gain Percentage: (₹498 ÷ ₹700) × 100 = approximately 71.14%.
Estimated Profit Per Lot: ₹498 × 21 shares = ₹10,458.
This calculation uses the upper end of the IPO price band and the latest reported GMP. GMP is unofficial and may change before the shares list.
Tonbo Imaging India IPO GMP Trend
Tonbo Imaging India IPO GMP is reported at ₹498 as of 15 October 2026, based on the latest figure supplied for this update.
The previous day’s GMP has not been confirmed in the information supplied. Therefore, the daily movement cannot be calculated reliably. Grey-market premiums are unofficial and can change frequently depending on market sentiment and demand.
| GMP Date | IPO Price Band | GMP | Estimated Listing | Estimated Gain | Estimated Profit/Lot | Status |
|---|---|---|---|---|---|---|
| 15-Oct-2026 | ₹665–₹700 | ₹498 | ₹1,198 | 71.14% | ₹10,458 | Latest GMP |
| Previous Update | ₹665–₹700 | Not Confirmed | Not Calculated | Not Calculated | Not Calculated | Previous GMP Unconfirmed |
Estimated listing price is calculated as the upper IPO price band plus GMP. Estimated gain percentage is calculated as (GMP ÷ upper IPO price band) × 100. Estimated profit per lot is calculated as GMP multiplied by the number of shares in one lot. These are indicative calculations and do not guarantee listing performance.
Tonbo Imaging India IPO Details
| IPO Name | Tonbo Imaging India IPO |
| Company | Tonbo Imaging India Limited |
| Industry | Defence Electronics, Imaging and Surveillance Systems |
| IPO Type | Book Building Issue |
| Issue Structure | Offer for Sale (OFS) Only |
| Issue Size | ₹852.18 Crore |
| Offer Shares | 1,21,74,046 Shares |
| Face Value | ₹2 per share |
| Offer Price Band | ₹665–₹700 per share |
| Lot Size | 21 Shares |
| Minimum Investment | ₹13,965 at the lower band; ₹14,700 at the upper band |
| Market Capitalisation at Upper Band | Approximately ₹4,009.75 Crore |
| Listing Exchange | NSE and BSE |
| Latest GMP | ₹498 on 15 October 2026 |
| Previous GMP | Awaiting Confirmation |
| Daily GMP Change | Awaiting Confirmation |
| Estimated Listing Price | ₹1,198 based on the upper price band |
| Estimated Gain | Approximately 71.14% |
| Estimated Profit Per Lot | ₹10,458 based on the reported GMP |
| IPO Open Date | 15 October 2026 |
| IPO Close Date | 19 October 2026 |
| Allotment Date | 21 October 2026* |
| Refund / Unblocking Date | 22 October 2026* |
| Demat Credit Date | 22 October 2026* |
| Listing Date | 23 October 2026* |
| Registrar | KFin Technologies Limited |
| Book Running Lead Managers | JM Financial Limited; IIFL Capital Services Limited |
Dates marked with an asterisk are tentative. Please verify issue details against the latest official offer documents and exchange announcements.
Tonbo Imaging India IPO GMP Profit Estimate
The latest reported GMP is ₹498 per share. The IPO lot size is 21 shares, and the upper end of the price band is ₹700. The following calculations are indicative and exclude charges and taxes.
| Particular | Calculation | Amount |
|---|---|---|
| IPO Investment at Upper Band | ₹700 × 21 Shares | ₹14,700 |
| Estimated Listing Price per Share | ₹700 + ₹498 GMP | ₹1,198 |
| Estimated Listing Value per Lot | ₹1,198 × 21 Shares | ₹25,158 |
| Indicative GMP-Based Gain per Lot | ₹498 × 21 Shares | ₹10,458 |
| Indicative Gain Percentage | (₹498 ÷ ₹700) × 100 | 71.14% |
These estimates use the upper price band and the latest reported GMP. The actual listing price may be higher or lower, and the realized return may differ because of market conditions, charges and taxes.
Tonbo Imaging India IPO GMP Update
GMP Date: 15 October 2026
Latest GMP: ₹498
IPO Price Band: ₹665–₹700
Upper Price Band: ₹700
Estimated Listing Price: ₹700 + ₹498 = ₹1,198
Estimated Gain: 71.14%
Estimated Profit Per Lot: ₹10,458
The reported GMP of ₹498 is an unofficial indication of grey-market sentiment. It should not be treated as a confirmed listing premium or a guaranteed return.
The previous GMP has not been confirmed, so the daily change is not shown.
What Is Tonbo Imaging India IPO GMP?
IPO GMP stands for Initial Public Offering Grey Market Premium. It refers to the unofficial premium at which IPO shares may be quoted in the grey market before their stock exchange listing.
A positive GMP means grey-market participants are quoting a premium over the issue price. However, grey-market transactions are unofficial, and the reported premium can change with demand, market conditions and investor sentiment.
Estimated Listing Price = IPO Upper Price Band + Latest GMP
₹700 + ₹498 = ₹1,198
Estimated Gain (%) = (₹498 ÷ ₹700) × 100 = 71.14%
Estimated Profit Per Lot = ₹498 × 21 shares = ₹10,458
These formulas provide indicative calculations only. The actual Tonbo Imaging India IPO listing price may be higher or lower than the GMP-based estimate. Investors should not make investment decisions based solely on GMP.
Tonbo Imaging India Company Overview
Tonbo Imaging India Limited is a defence electronics company incorporated in December 2003. It designs, develops and manufactures electro-optical and infrared imaging products, embedded vision systems, communication systems, surveillance solutions and guidance technologies for defence and security applications.
Its portfolio includes thermal imaging systems, weapon sights, missile seekers, fire-control systems, missile guidance and targeting systems, and handheld thermal imaging devices. The company develops products for tactical, platform-based and directed-energy applications.
Tonbo’s tactical systems support imaging, surveillance, reconnaissance and targeting. Its platform systems include subsystems used for observation and fire control on aerial, ground and weapon platforms, as well as systems designed for threat neutralisation.
The company also develops directed-energy systems designed for countering drone swarms. Its WaveStrike brand is associated with high-power microwave platform technology.
According to company information supplied for this IPO update, Tonbo’s systems have been deployed in 24 countries, with more than 28,000 systems deployed. The company highlights its proprietary technology, in-house research and development, fully owned intellectual property and ITAR-free products.
Tonbo also participates in India’s domestic defence manufacturing ecosystem and is an approved supplier under the Indian IDDM procurement framework. Investors should consult the official offer documents for detailed information about its business, customers, competition and risk factors.
Tonbo Imaging India IPO Key Strengths
1. Defence Electronics Expertise
The company focuses on electro-optical imaging, thermal imaging, surveillance, targeting and related defence technologies.
2. Proprietary Technology and R&D
In-house research and development and ownership of core intellectual property are important elements of its technology and product strategy.
3. Diversified Product Portfolio
Its products cover tactical imaging, platform systems, weapon sights, guidance, surveillance and directed-energy applications.
4. International Deployment
The company reports more than 28,000 deployed systems across 24 countries, supporting its international presence.
5. ITAR-Free Product Offering
The company describes its products as ITAR-free, which may support its ability to serve certain international customers, subject to applicable export laws and regulations.
6. Experienced Technology Team
Tonbo’s business depends on specialist engineering, product development, manufacturing and defence-sector experience.
Tonbo Imaging India IPO Financial Performance
The following financial figures were supplied for this IPO update. The June 2026 figures cover the period ended 30 June 2026, while the other columns represent financial years ended 31 March.
| Particulars (₹ Crore) | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Total Assets | 782.87 | 782.50 | 726.36 | 574.68 |
| Total Income | 37.32 | 369.94 | 474.39 | 431.90 |
| Profit After Tax (PAT) | -17.74 | 50.88 | 72.76 | 68.54 |
| EBITDA | -13.04 | 104.62 | 139.06 | 112.32 |
| Net Worth | 538.54 | 553.16 | 490.14 | 230.13 |
| Reserves and Surplus | 527.08 | 541.70 | 489.41 | 168.99 |
| Total Borrowings | 129.72 | 116.06 | 78.14 | 96.36 |
Total income declined from ₹474.39 crore in FY2025 to ₹369.94 crore in FY2026, a decrease of approximately 22.02%. PAT declined from ₹72.76 crore to ₹50.88 crore, a decrease of approximately 30.07%.
The supplied June 2026 figures show a loss after tax of ₹17.74 crore and negative EBITDA of ₹13.04 crore for the reported period. Investors should assess the reasons for these results and review the complete audited financial statements and interim financial information in the offer documents.
Tonbo Imaging India IPO Key Performance Indicators
| KPI | 30 June 2026 | 31 March 2026 |
|---|---|---|
| Return on Equity (ROE) | -3.25% | 9.75% |
| Return on Capital Employed (ROCE) | -4.31% | 14.54% |
| Return on Net Worth (RoNW) | -3.25% | 9.75% |
| PAT Margin | -47.52% | 13.75% |
| EBITDA Margin | -36.21% | 28.85% |
| Net Asset Value (NAV) per Share | ₹94.01 | ₹96.57 |
| Price-to-Book Ratio (P/B) | Not supplied | 7.25x |
The reported June 2026 profitability and return ratios are negative. Investors should consider these figures alongside historical performance, future prospects, valuation and the risks disclosed in the offer documents.
Tonbo Imaging India IPO Valuation
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | ₹8.88 | Negative / not meaningful on supplied basis |
| Price-to-Earnings (P/E) | 78.83x | Not meaningful on supplied basis |
| Market Capitalisation at Upper Price Band | ₹4,009.75 Crore | ₹4,009.75 Crore |
| Upper Price Band | ₹700 | ₹700 |
| Share Count | 5,72,82,100 | 5,72,82,100 |
The IPO is an offer for sale, so the number of shares outstanding does not increase through a fresh issue. The market capitalisation at ₹700 per share is approximately ₹4,009.75 crore.
Valuation multiples should be interpreted carefully because the company’s reported profitability varies between periods. The figures above are based on the information supplied for this post and should be cross-checked against the final offer documents.
Tonbo Imaging India IPO Issue Objects
Issue Type: Offer for Sale (OFS) only
Total Offer: 1,21,74,046 equity shares
Offer Value at Upper Price Band: Approximately ₹852.18 crore
Fresh Issue: None
The Tonbo Imaging India IPO consists entirely of an offer for sale by existing shareholders. The company will not receive proceeds from the OFS. The proceeds, after applicable expenses and taxes, will go to the selling shareholders.
Tonbo Imaging India IPO Shareholding Pattern
| Shareholder Category | Pre-IPO Holding | Post-IPO Holding |
|---|---|---|
| Promoter and Promoter Group | 18.58% | 15.72% |
| Public Shareholders | 81.42% | 84.28% |
| Total | 100% | 100% |
The offer is an OFS, meaning existing shareholders are selling shares. The supplied shareholding figures show the promoter and promoter group holding decreasing from 18.58% before the issue to 15.72% after the issue.
Tonbo Imaging India IPO Selling Shareholders
The following is a partial list of selling shareholders and indicative offer values calculated at ₹700 per share. It is not the complete list of sellers or the full OFS allocation.
| Selling Shareholder | Category | Shares Offered | Indicative Value at ₹700 |
|---|---|---|---|
| Arvind Kondangi Lakshmikumar | Promoter | 11,50,000 | ₹80.50 Crore |
| Ankit Kumar | Promoter | 5,80,000 | ₹40.60 Crore |
| Cecilia D’Souza | Promoter | 2,30,000 | ₹16.10 Crore |
| Vinimaya Advisory LLP | Promoter | 3,39,700 | ₹23.78 Crore |
| CEAQ Technologies Private Limited | Corporate | 49,98,100 | ₹349.87 Crore |
The complete selling shareholder list, exact share allocations and final offer terms should be checked in the red herring prospectus and other official issue documents.
Tonbo Imaging India IPO Lot Size and Investment
The lot size for Tonbo Imaging India IPO is 21 shares. The following amounts are calculated at the upper price band of ₹700 per share.
| Investor Category | Lots | Shares | Investment at ₹700 |
|---|---|---|---|
| Retail Minimum | 1 | 21 | ₹14,700 |
| Retail Maximum | 13 | 273 | ₹1,91,100 |
| Small HNI Minimum | 14 | 294 | ₹2,05,800 |
| Small HNI Maximum | 68 | 1,428 | ₹9,99,600 |
| Big HNI Minimum | 69 | 1,449 | ₹10,14,300 |
The minimum retail application amount at the lower price band of ₹665 is ₹13,965. At the upper price band of ₹700, one lot requires ₹14,700. Final application rules and category limits should be verified from the offer documents.
Tonbo Imaging India IPO Investor Reservation
| Investor Category | Reservation | Application Notes |
|---|---|---|
| Qualified Institutional Buyers (QIB) | Not more than 50% | As per issue allocation rules |
| Non-Institutional Investors (NII) | Not less than 15% | Includes applicable NII subcategories |
| Retail Individual Investors (RII) | Not less than 35% | Cut-off bidding available, subject to issue rules |
The final allocation and reservation conditions are subject to the official offer documents and applicable regulations.
Tonbo Imaging India IPO Important Dates
| IPO Event | Date |
|---|---|
| IPO Opens | 15 October 2026 |
| IPO Closes | 19 October 2026 |
| Basis of Allotment | 21 October 2026* |
| Refund / ASBA Unblocking | 22 October 2026* |
| Shares Credited to Demat | 22 October 2026* |
| Listing | 23 October 2026* |
Dates marked with an asterisk are tentative. Investors should check the latest official IPO schedule and exchange announcements for any changes.
Tonbo Imaging India IPO GMP: Advantages and Risks
Potential Strengths
- Specialisation in defence electronics and electro-optical systems.
- Proprietary technology and in-house research and development.
- Products across surveillance, targeting, imaging and guidance.
- Reported international deployment across 24 countries.
- Participation in India’s domestic defence manufacturing ecosystem.
Important Risks to Consider
- The IPO is entirely an OFS, so the company will not receive issue proceeds.
- Reported total income and PAT declined in FY2026 compared with FY2025.
- The supplied June 2026 figures show negative PAT and EBITDA.
- Defence-sector businesses may depend on procurement cycles, contracts and regulatory requirements.
- A high GMP can fall sharply and may not translate into actual listing gains.
- Investors should evaluate valuation, customer concentration, cash flow and other disclosed risks.
Tonbo Imaging India IPO GMP FAQs
What is Tonbo Imaging India IPO GMP today?
The latest GMP supplied for this post is ₹498 on 15 October 2026.
This is an unofficial grey-market indication.
What is the expected listing price of Tonbo Imaging India IPO?
Based on the upper price band of ₹700 and a GMP of ₹498,
the indicative listing price is ₹1,198 per share.
What is the expected gain from Tonbo Imaging India IPO GMP?
The indicative gain is approximately 71.14%, calculated as
₹498 divided by ₹700 and multiplied by 100.
What is the estimated profit per lot?
For a lot of 21 shares, the indicative GMP-based gain is
₹498 × 21 = ₹10,458 before charges and taxes.
What is the Tonbo Imaging India IPO price band?
The price band is ₹665 to ₹700 per share.
What is the Tonbo Imaging India IPO lot size?
The lot size is 21 shares.
What is the minimum investment in Tonbo Imaging India IPO?
At the upper price band of ₹700, one lot of 21 shares requires
an investment of ₹14,700.
When will Tonbo Imaging India IPO open?
The IPO is scheduled to open on 15 October 2026.
When will Tonbo Imaging India IPO close?
The IPO is scheduled to close on 19 October 2026.
When will Tonbo Imaging India IPO allotment take place?
The tentative allotment date is 21 October 2026.
When will Tonbo Imaging India IPO list?
The tentative listing date is 23 October 2026.
Who is the registrar of Tonbo Imaging India IPO?
KFin Technologies Limited is the registrar listed in the
supplied issue information. Check the official registrar portal
and issue documents for final confirmation.
Who are the lead managers of Tonbo Imaging India IPO?
JM Financial Limited and IIFL Capital Services Limited are
listed as the book-running lead managers in the supplied details.
Is Tonbo Imaging India IPO GMP reliable?
GMP is an unofficial market indication. It can fluctuate
significantly and does not guarantee the actual listing price
or investment returns.
Will the company receive money from this IPO?
No. The issue is entirely an offer for sale. The proceeds from
the shares sold go to the selling shareholders, not to the company.
Tonbo Imaging India IPO GMP is based on the unofficial grey-market premium figure supplied for informational purposes. The reported GMP of ₹498 on 15 October 2026 is not an official exchange price or a guaranteed profit. The estimated listing price of ₹1,198, estimated gain of 71.14% and estimated profit per lot of ₹10,458 are calculations based on the upper price band of ₹700 and a lot size of 21 shares. Actual listing performance may differ. GMP can change at any time and does not guarantee investment returns. IPO dates, price band, lot size, issue terms, registrar, lead managers and other details should be verified against the official offer documents and exchange announcements. Financial information and company disclosures should also be reviewed before making an investment decision. This content is for informational and educational purposes only and is not investment advice.