Tonbo Imaging’s Rs 852 Cr IPO offers investor exit
Tonbo Imaging India will open its Rs 852 crore initial public offering (IPO) on October 15, with a price band of Rs 665-700 per share. The issue comprises 1.22 crore existing shares offered for sale by promoters and investors, with no fresh issue.
Via YourStory
At the upper end, the company is valued at approximately Rs 4,010 crore, or about 79 times FY26 profit after tax. The offer closes on October 19, with listing expected on October 23.
The IPO is primarily an exit opportunity for existing shareholders. The largest sellers are CEAQ Technologies Private Limited, offering 49.98 lakh shares, and CEAQ Technologies Pte. Ltd., offering 41.55 lakh shares. Together, they account for about 75.2% of the shares on offer.
Promoters Arvind Kondangi Lakshmikumar, Ankit…
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