Tonbo Imaging India IPO GMP Today – Live Grey Market Premium
No grey market premium has been reported for Tonbo Imaging India IPO yet. Kostak: not available. Subject to Sauda: not available.
Tonbo Imaging India IPO is scheduled to open for subscription on October 15, 2026. The public issue aims to raise around TBA and is offered in a price band of TBA per share, with a market lot of TBA shares. The day-wise GMP trend is below.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 11 Oct, 12:30 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| No GMP history available yet. | |||||
Tonbo Imaging India IPO dates
Key dates from opening to listing. Today is 11 October.
- Open 15 Oct 2026
- Close 19 Oct 2026
- Allotment TBA
- Refund/credit TBA
- Listing 23 Oct 2026
Tonbo Imaging India IPO expected listing price
Upper price band plus today's grey market premium.
| Issue price (upper band) | TBA |
|---|---|
| Current GMP | ₹ 0 |
| Listing date | 23 Oct, 2026 |
| GMP-based listing estimate | Not yet available |
Disclaimer: The listing price estimate above is based purely on the current grey market premium (GMP) and is not a guaranteed prediction. GMP is an unofficial, unregulated indicator and can change significantly in the 24–48 hours before listing. Do not make investment decisions based solely on GMP.
Is Tonbo Imaging India IPO GMP reliable?
Grey market premium for Tonbo Imaging India IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Tonbo Imaging India IPO full review for a fundamentals-based assessment before making any grey market trades.
Tonbo Imaging India IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Tonbo Imaging India IPO is not available. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price is not available. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Tonbo Imaging India IPO
Tonbo Imaging India Limited works in the EO/IR systems segment of defence electronics. It designs, develops and manufactures sensing, processing, communication and guidance systems used for surveillance, reconnaissance, targeting and control. The company is based in Bengaluru, Karnataka.
The products fall in two main groups. Tactical systems cover imaging, surveillance, reconnaissance and targeting, for example hand-held multi-sensor imaging systems (Bloodhound, Gazehound), driver vision systems (Minion), 360 degree situational awareness systems (WolfPack) and thermal weapon sights (Spartan, Arjun). Platform systems include subsystems such as Avenger S50, the Hummingbird gimbals, AGS30/ELPEOS fire control systems and TRAP missile seekers. The company is also investing in end platforms such as a loitering munition, and has designed a high power microwave platform called WaveStrike to counter drone swarms.
Customers include NATO forces, US Special Operations Command, law enforcement and homeland security agencies and other global defence OEMs. The company also serves the armed forces, police and paramilitary forces. It reports a single segment. In FY2026, 93.06% of revenue from operations came from India. In FY2025, Europe gave 65.34% of revenue and India gave 33.49%.
The business is asset light. The company makes pilot engineering units at its R&D centre in Bengaluru and outsources large-scale manufacturing to electronic manufacturing service partners under non-exclusive agreements. It currently works with Kaynes Technology India Limited and Avalon Technology and Services Private Limited.
The three promoters, Arvind Kondangi Lakshmikumar (Managing Director and CEO), Ankit Kumar (Executive Director and Chief Business and Revenue Officer) and Cecilia D'Souza (Executive Director and Chief Commercial Officer), each have over 21 years of experience. In FY2026 the company split revenue between tactical products (Rs 211.68 crore), platform products (Rs 144.81 crore) and others (Rs 1.20 crore).
Frequently asked
What is the GMP of Tonbo Imaging India IPO?
The current Grey Market Premium (GMP) of Tonbo Imaging India IPO is not yet started or active in the market.
What is the Kostak Price of Tonbo Imaging India IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Tonbo Imaging India IPO is not available.
What is the Subject to Sauda Price of Tonbo Imaging India IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What is the expected listing price of Tonbo Imaging India IPO based on GMP?
The listing price estimate is not yet available as GMP has not been established for Tonbo Imaging India IPO. Check back closer to the subscription date.
Is the GMP of Tonbo Imaging India IPO increasing or decreasing?
The GMP of Tonbo Imaging India IPO is currently stable. Track the day-wise GMP table above for the latest movement.
Explore Tonbo Imaging India IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
Price band, lot size, financials, objects of the issue and promoters.
Category-wise demand from QIB, NII and retail investors, updated through the day.
Before the book opens, see what analysts make of it.
Check with your PAN whether shares were credited to your demat account.
GMP is a mood, not a forecast.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
