StartupsInc42about 1 hour ago
Tonbo Imaging IPO Sees 6.29x Subscription
8 min read
Tonbo Imaging's IPO garnered a 6.29x subscription by 1:30 PM on October 16, valuing the Bengaluru-based defence tech firm at around ₹4,010 Cr. The company, founded in 2003, specializes in thermal imaging and drone counter systems deployed in 24 countries, though recent revenue fell 22.7% YoY to ₹362.65 Cr in FY26.
Level
Hype check
Tap to vote and see what everyone thinks.
