Tonbo Imaging gets SEBI approval for IPO

Tonbo Imaging India, a defence electronics manufacturer, has received the approval from SEBI l for its initial public offering (IPO). The IPO will comprise of an offer for sale (OFS) of up to 18,085,246 equity shares of face value Rs 2 each. The OFS includes shares offered by the promoter selling shareholders, promoter group selling shareholder and investor selling shareholders.