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Tonbo Imaging raises Rs 255 Cr from anchor investors ahead of IPO

Tonbo Imaging has raised Rs 255.36 crore from anchor investors ahead of its initial public offering (IPO), which opens for subscription on October 15.

Tarun Mottlia

Via Entrackr

·Excerpt
Tonbo Imaging raises Rs 255 Cr from anchor investors ahead of IPO
Image: Entrackr

"Bengaluru-based defence technology startup Tonbo Imaging has raised Rs 255.36 crore from anchor investors ahead of its initial public offering (IPO), which opens for subscription on October 15. The company allotted 36.48 lakh equity shares at Rs 700 per share, the upper end of its IPO price band. The anchor book saw participation from global investors such as BlackRock, Goldman Sachs, Temasek Holdings, Allianz Global Investors and Prudential, along with domestic mutual funds and insurance companies. SBI Mutual Fund, HDFC…

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