Tonbo Imaging IPO Allotment Expected Today After 132.81x Subscription
- 21st October 2026
- 01:00 PM
- 4 min read
Summary
Tonbo Imaging India’s ₹852.18 crore initial public offering (IPO) allotment is expected to be finalised on October 21, 2026. The issue was subscribed 132.81x overall after bidding closed on October 19. Applicants can check their status on the registrar’s website, BSE and the National Stock Exchange (NSE). Shares are tentatively set to list on October 23.Mumbai | October 21, 2026
IPO allotment is the process of deciding which applicants receive shares in a public issue. For the Tonbo Imaging IPO, the allotment is expected to be finalised on Wednesday, October 21. The issue was subscribed 132.81x overall.
When Will the Tonbo Imaging IPO Allotment Be Finalised?
The allotment is expected to be finalised on October 21, 2026. Successful applicants will receive shares in their demat (dematerialised) accounts on October 22. Money blocked for unsuccessful applications will be refunded on the same day. The issue price is ₹700 per share, and shares are tentatively set to list on BSE and NSE on October 23.
How to Check Tonbo Imaging IPO Allotment Status?
Applicants can check their status online through KFin Technologies, the registrar of the issue, or through NSE or BSE. Each platform needs a Permanent Account Number (PAN), an application number or both.
On KFin Technologies:
- Visit the KFin Technologies IPO status page at ipostatus.kfintech.com.
- Select Tonbo Imaging India Limited from the dropdown menu.
- Enter your PAN, application number or demat account details.
- Click Submit to see your allotment status.
On NSE:
- Go to the NSE bid verification page at www.nseindia.com/invest/check-trades-bids-verify-ipo-bids.
- Click on “Equity and SME IPO bid details”, where SME stands for small and medium enterprises.
- Choose “TONBO” from the dropdown list.
- Enter your PAN and application number in the fields shown.
- Click Submit to see your allotment status.
On BSE:
- Go to the BSE application status page at www.bseindia.com/investors/appli_check.aspx.
- Select “Equity” as the issue type.
- Choose Tonbo Imaging India Limited from the list.
- Enter your application number or PAN in the fields shown.
- Click Search to see your allotment status.
How Did Investors Respond to the Tonbo Imaging IPO?
Qualified institutional buyers (QIBs) led demand, with their portion booked 293.56x by the final day of bidding on October 19. Non-institutional investors (NIIs), who bid above ₹2 lakh, subscribed 156.36x. Retail investors, who bid up to ₹2 lakh, subscribed 31.11x, and employees subscribed 54.31x.
| Category | Shares offered | Subscription (times) |
| QIBs (excluding anchor) | 24,32,010 | 293.56x |
| NIIs | 18,24,007 | 156.36x |
| NIIs bidding ₹2 lakh to ₹10 lakh | 6,08,002 | 143.37x |
| NIIs bidding above ₹10 lakh | 12,16,005 | 184.73x |
| Retail investors | 42,56,016 | 31.11x |
| Employees | 14,000 | 54.31x |
| Overall | 85,26,033 | 132.81x |
The grey market premium (GMP) stood at ₹513, or 73.29% above the issue price, on October 21, 2026.
Grey market premium is an unofficial indicator based on unregulated trading activity and does not guarantee listing-day performance.
What Are the Tonbo Imaging IPO Issue Details?
The IPO is entirely an offer for sale (OFS) of around 1.22 crore shares. In an OFS, existing shareholders sell their shares. The company receives no money from the issue, and the proceeds go to the selling shareholders.
| Detail | Value |
| Issue size | ₹852.18 crore |
| Price band | ₹665 to ₹700 per share |
| Issue price | ₹700 per share |
| Lot size | 21 shares |
| Minimum retail investment (at ₹700) | ₹14,700 |
| Market capitalisation at issue price | ₹4,009.75 crore |
| Book running lead manager | JM Financial Ltd |
| Registrar | KFin Technologies Ltd |
The company raised ₹255.36 crore from anchor investors on October 14 by offering 36,48,013 shares.
What Does Tonbo Imaging Do?
Tonbo Imaging India was incorporated in December 2003. It is a defence electronics manufacturer that designs, develops and manufactures systems for defence and security applications. Its products include:
- Thermal imaging systems and handheld thermal imaging devices.
- Weapon sights, fire control systems and targeting systems.
- Missile seekers and missile guidance systems.
- Electro-optic and infrared (EO/IR), embedded vision, communication and surveillance systems.
| Financial year ended (₹ crore) | March 31, 2025 | March 31, 2026 |
| Revenue (total income) | 474.39 | 369.94 |
| Profit after tax (PAT) | 72.76 | 50.88 |
Revenue fell 22% and PAT fell 30% between the two financial years.
Outlook
Half of the anchor investors’ shares stay locked in until November 20, 2026. The remaining anchor shares stay locked in until January 19, 2027.
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