Tonbo Imaging gets SEBI approval for IPO
Tonbo Imaging India, a defence electronics manufacturer, has received the approval from SEBI l for its initial public offering (IPO).
Via YourStory
The IPO will comprise of an offer for sale (OFS) of up to 18,085,246 equity shares of face value Rs 2 each. The OFS includes shares offered by the promoter selling shareholders, promoter group selling shareholder and investor selling shareholders.
Founded in 2003, Tonbo Imaging transitioned into a defence-focused product manufacturing company in 2012 following the buyout of its erstwhile parent by its promoters. The company is promoted by Arvind Kondangi Lakshmikumar, Ankit Kumar and Cecilia D’Souza.
The company’s investors…
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