4 months ago
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Global defence electronics OEM Tonbo Imaging India Ltd. has filed its Draft Red Herring Prospectus (DRHP) with marketplace regulator Securities & Exchange Board of India (SEBI) for its projected Initial Public Offering (IPO).
The contented comprises an Offer for Sale of up to 18,085,246 equity shares of look worth of ₹2 each.
The institution is India’s starring exporter of thermal imaging systems successful FY25 . It has planetary footprint crossed 24 countries.
Founded successful 2003 by technologists with anterior acquisition astatine the U.S. Department of Defense and Sarnoff Corporation, Tonbo Imaging transitioned into a defence-focused merchandise manufacturing institution successful 2012 pursuing the buyout by its promoters.
The institution is promoted by Arvind Lakshmikumar, Ankit Kumar and Cecilia D’Souza.
The investors who are invested successful the institution see Qualcomm Ventures, Artiman, Edelweiss Value, Celesta Capital II LP, HBL Engineering, Tenacity Ventures, India Exim Bank and Florintree.
The institution operates an asset-light model, retaining halfway plan and IP ownership portion outsourcing manufacturing to certified electronics manufacturing services (EMS) partners specified arsenic Kaynes Technology India Ltd and Avalon Technology and Services Private Ltd though each prototype development, strategy integration, and qualification investigating are conducted in-house.
