Tonbo Imaging India public share offering opens with target of Rs 852 crore

Defence technology firm Tonbo Imaging India has launched its initial public offering to raise Rs 852.18 crore completely through an offer for sale. The share sale opens on October 15, 2026, and will close on October 19, 2026. Market watchers note a seventy-one percent grey market premium, though the company reported a twenty-two percent drop in total income and a thirty percent decline in profit for the 2026 financial year. ## Background Tonbo Imaging India builds advanced imaging and surveillance systems and sells its products across twenty-four countries. ## Context Initial public offerings allow private companies to raise funds from public stock markets by selling shares. Grey market trends often give a rough idea of investor demand before a company's shares officially begin trading on stock exchanges.