Tonbo Imaging Secures IPO Nod After Refiling Draft Papers

by · Inc42

SUMMARY

  • SEBI issued its observations on Tonbo Imaging’s OFS-only IPO of up to 1.81 Cr shares on September 21, following its fresh DRHP filing in August.
  • The IPO will give Tonbo’s cofounders and existing investors an opportunity to pare their holdings, without bringing fresh capital into the defence tech startup.
  • Backed by Qualcomm Ventures, Artiman, Celesta, and Florintree, Tonbo had deployed more than 28,000 defence electronics systems across 24 countries as of March 31, 2026.