Upcoming IPO: Tonbo Imaging India files draft papers with SEBI to raise funds via public offer

Tonbo Imaging India IPO: Global defence electronics original equipment manufacturer Tonbo Imaging India Ltd has filed draft papers with the market regulator, the Securities and Exchange Board of India, to mobilise funds through an initial public offering.

The proposed initial share sale is only an offer for sale (OFS) of 18,085,246 equity shares without a fresh issue component.

Under the OFS, promoters Arvind Kondangi Lakshmikumar, Cecilia D’Souza, Ankit Kumar and Vinimaya Advisory LLP, along with CEAQ Technologies Private Limited, CEAQ Technologies Pte Ltd, Artiman Partners LLC, Timothy Guy Mitchell, Ramesh Radhakrishnan and Amit Dilip Shah will offload their stake.

In its draft red herring prospectus, the firm said, "Our company expects that the proposed listing of its equity shares will enhance our visibility and brand image and provide liquidity to its existing shareholders. Listing will also provide a public market for the equity shares in India."

JM Financial and IIFL Capital Services are the IPO's book-running lead managers, while KFin Technologies is the registrar.

The company's shares are expected to be listed on the National Stock Exchange (NSE) and the BSE (formerly the Bombay Stock Exchange).

About Tonbo Imaging India

Tonbo Imaging India is a global defence electronics original equipment manufacturer engaged in designing, developing and manufacturing sensing, processing, communication and guidance systems used for surveillance, reconnaissance, targeting and control.

It has developed a diversified product portfolio, including weapon scopes, helmet-mounted sights, surveillance and reconnaissance, target acquisition, fire control systems, observation systems, video boresight tools, EOIR search & track, situational awareness, driver vision, missile systems, long-range surveillance and targeting payloads and enhanced vision systems, amongst others, to enable autonomy on the battlefield.

It holds an expertise in design capabilities across embedded vision systems and electro-optics and infrared systems, serving both domestic and global companies. As of June 2025, the company has deployed more than 20,000 systems across 24 countries.