Tonbo Imaging sets ₹852 crore IPO price band
In short
Tonbo Imaging India set a price band of ₹665 to ₹700 per share for its ₹852.1 crore IPO.
The issue is fully an offer for sale of 12.2 million shares, so no new money is going into the company. The final demand and listing outcome are not stated in the available reporting.
What the reporting says
Tonbo Imaging India set a ₹665-₹700 per share price band for its ₹852.1 crore IPO, with the issue entirely structured as an offer for sale of 12.2 million shares by promoters and existing investors. The company is targeting a ₹4,010 crore valuation, according to publisher-supplied summaries. The reporting does not state the final subscription outcome or listing date.
Why it matters
Tonbo Imaging India set the price band for its ₹852.1 crore IPO, and the issue is entirely an offer for sale of 12.2 million shares by promoters and existing investors. The company is targeting a ₹4,010 crore valuation. This matters for the defense-tech company’s owners and prospective investors, but the reporting does not state the subscription period, listing date, or whether the valuation is fully achieved.