Tonbo Imaging India Limited has made an initial public offering of equity shares comprising an offer for sale by certain existing shareholders of the company, aggregating to approximately ₹852.092 crore.
Shardul Amarchand Mangaldas & Co advised Tonbo Imaging on this IPO.
The transaction team consisted of Nikhil Naredi (Partner), Krupa Brahmbhatt (Partner), Harsh Loonker (Principal Associate), Veronica Miranda (Senior Associate), Anoushka PV (Senior Associate), Richa Singh (Associate) and Thejaswi Melarkode (Associate).
They were supported by the disputes team comprising Shreya Gupta (Partner) and Prachi Gupta (Senior Associate).
JSA Advocates & Solicitors advised JM Financial Limited and IIFL Capital Services Limited, the book running lead managers on this IPO.
The transaction was led by Madhurima Mukherjee Saha (Partner), with support from Sagar Batra (Partner), Bhavini Mohan (Senior Associate), Associates Tamanna Kapoor, Shivani Agrawal, Badal Singh, and Zaier Ahmad.
Tonbo Imaging is a global defence electronics OEM with expertise across electro optics, infrared and embedded vision systems.
The IPO witnessed strong investor demand, with the issue subscribed over 135 times overall. The qualified institutional buyer (QIB) portion was subscribed over 293 times, the non-institutional investor (NII) portion over 170 times, the retail individual investor (RII) portion over 30 times, and the eligible employee portion over 53 times.
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