Tonbo Imaging, a leading Indian defence technology company, has filed its IPO prospectus and is putting 18 million shares up for sale.
What the IPO Involves
Tonbo Imaging has filed a draft red‑herring prospectus with SEBI. The company is not raising new money; it is selling existing shares.
- Total shares offered: 18,085,246
- Face value: Rs 2 per share
- Shares from promoters: 1,960,000
- Shares from promoter group: 339,700
- Shares from other investors: 15,635,046
Company Background
Founded as a sensor and imaging specialist, Tonbo switched to defence products after a promoter buyout in 2012. It now makes thermal imagers, weapon sights, missile seekers and other smart battlefield gear.
Growth Highlights
- Fastest‑growing defence tech firm in India (FY23‑FY25) by revenue and profit margins.
- Largest Indian exporter of thermal imaging systems, accounting for about 93% of the country’s exports in FY25.
- Products used by militaries, police and security agencies in 24 countries.
Financial Snapshot (FY25)
- Revenue: Rs 469.08 crore, with Europe contributing over 65%.
- Profit after tax: Rs 72.76 crore (PAT margin >15%).
- Order book: Rs 266.57 crore, plus new orders worth Rs 71.68 crore in Oct‑Nov 2025.
Why It Matters to Investors
The share sale gives current shareholders a way to cash out, while the company’s strong export growth and solid order pipeline could support the share price. Retail investors get a chance to own a piece of a company that is expanding rapidly in the global defence market.
Disclaimer
Remember, this is just an overview, not a recommendation. Do your own research and consider your risk tolerance before investing.