Tonbo Imaging India Limited has filed draft IPO papers with SEBI, proposing an Offer for Sale of 18,085,246 equity shares by existing shareholders. According to the DRHP, the company operates an asset-light model, retaining ownership of its intellectual property across optics, electronics and embedded software, while outsourcing manufacturing to certified EMS partners such as Kaynes Technology India Limited and Avalon Technology and Services Private Limited. All prototype development and system integration are conducted in-house.
For the quarter ended June 30, 2025, revenue from operations stood at ₹686.77 million, with India contributing 92.15% of total revenue. Profit after tax for the period was ₹54.31 million, with a PAT margin of 7.68%.
In FY25, revenue from operations rose to ₹4,690.80 million, with overseas markets contributing 65.52% of total revenue and PAT reaching ₹727.60 million.
