Tonbo Imaging sets IPO price band at ₹665-700
In short
Tonbo Imaging has set its IPO price band at ₹665 to ₹700 a share. The offer for sale of up to 12.17 million shares opens on October 15, and the company says it has deployed more than 28,000 systems across 24 countries.
This matters because investors now have the pricing range for the deal. The report does not say how much money the company will raise in total or how the shares will trade after listing.
What the reporting says
Tonbo Imaging has fixed its IPO price band at ₹665-₹700 a share, with the offer for sale of up to 12.17 million shares set to open on October 15. The Bengaluru-based defence-tech company has deployed more than 28,000 systems across 24 countries. The reporting does not state final proceeds from the issue or how the market will react.
Why it matters
Tonbo Imaging has set a ₹665-₹700 price band for its IPO-related offer for sale, with up to 12.17 million shares opening on October 15. The Bengaluru-based defence-tech company says it has deployed more than 28,000 systems across 24 countries. The news matters to IPO investors and the defence-technology sector, but the final fundraising outcome and listing reaction are not stated.