TTLTicker Tales

Tonbo Imaging India

Maker of electro-optical and thermal imaging systems for defence and security.

Upcoming
Neutral

Last updated 14 Oct 2026, 7:14 pm IST

Price band
₹665 – ₹700
Lot size
21
Issue size
Not confirmed (100% OFS)
Opens
15 Oct 2026
Closes
19 Oct 2026
Exchange
Both

The numbers

GMP
Not confirmed (sources conflict)
Subscription
Not yet available (opens 15) Oct
Listing date
23 Oct 2026
Model prediction
~flat expected -> Neutral. Upcoming; call is held neutral until the issue opens.

The Ticker Tales take

Tonbo Imaging makes thermal and electro-optical imaging systems for defence and security customers. The issue is reported as a pure offer for sale, so existing owners are cashing out and none of the money goes into the company. It opens on 15 Oct and grey market and demand data are not yet reliable. We hold a Neutral for now, with no clear edge either way; the call will be revisited once it opens and locks at 2 PM on 19 Oct.

More details

Issue type
100% Offer for Sale
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Calls here follow a set formula (GMP, subscription trends) plus Anil Singhvi's publicly shared view — not investment advice. Please do your own research before investing.