StartupsInc42about 2 hours ago
Tonbo Imaging Wins SEBI Nod for OFS IPO
4 min read
SEBI cleared Tonbo Imaging's OFS-only IPO of up to 1.81 Cr shares on September 21, after the Bengaluru defence tech startup refiled draft papers in August. All three cofounders and existing investors will sell part of their holdings, with no fresh capital raised. Tonbo reported FY26 net profit of Rs 362.6 Cr, down 30% year on year.
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