Tonbo Imaging India’s IPO opened for subscription October 15, 2026, aiming to raise Rs 852.18 crore through an offer for sale. With a 71% grey market premium, listing gains are anticipated. The IPO is entirely an offer for sale (OFS) of 1.22 crore shares, meaning the company will not receive any proceeds from the issue. The defence technology company operates across 24 countries, specialising in advanced imaging and surveillance systems.
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