Tonbo Imaging sets IPO price band at Rs 665-700
In short
Tonbo Imaging India has set its IPO price band at Rs 665-700 a share. The offer opens on October 15 and closes on October 19, and it is an offer for sale of 1.22 crore shares with no fresh issue.
This matters for investors watching a defence tech listing and for the selling shareholders. The amount to be raised is not stated in the available reporting.
What the reporting says
Tonbo Imaging India set an IPO price band of Rs 665-700 per share ahead of its offering opening on October 15 and closing on October 19. The issue is an offer for sale of 1.22 crore equity shares by promoters and existing investors, with no fresh issue component, according to publisher summaries. JM Financial and IIFL Capital Services are the book-running lead managers. It is not stated how much money shareholders aim to raise.
Why it matters
Tonbo Imaging India set a Rs 665-700 per share price band for an IPO that opens on October 15 and closes on October 19. The issue is an offer for sale of 1.22 crore equity shares, so proceeds go to existing investors and promoters rather than the company. JM Financial and IIFL Capital Services are the lead managers. The filing does not state demand, valuation, or final proceeds.