Tonbo Imaging IPO Offers 18M Shares for Sale: What Retail Investors Should Know

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.