Tonbo Imaging Sets IPO Price Band At ₹665-₹700 For ₹852 Cr Issue

Defence tech company Tonbo Imaging India has set a price band of ₹665-₹700 per equity share for its ₹852.1 Cr OFS-only IPO. The IPO comprises an OFS of up to 1.22 Cr equity shares, with no fresh issue component. At the upper end of the price band, the IPO values the company at ₹4,009.8 Cr (about $480 Mn).