Defence-tech co. Tonbo Imaging raises Rs.255-Cr via anchor placement

Bengaluru-based Tonbo Imaging has raised INR 255.36 crore from anchor investors, including BlackRock and Aranda Investments, a unit of Singapore-based Temasek Holdings, ahead of its INR 852 crore initial public offering (IPO). The company allotted 36.48 lakh equity shares to these investors at INR 700 per share.Other investors participating in the anchor round included Goldman Sachs, The Prudential Assurance Company, and Allianz Global Investors. Several mutual funds and insurance firms also participated in the anchor book.Founded in 2012 by Arvind Kondangi Lakshmikumar, Ankit Kumar and Cecilia D'Souza, Tonbo Tonbo is a global defence electronics original equipment manufacturer (OEM) that designs, develops, and manufactures advanced electro-optics, infrared (EO/IR) imaging, and embedded vision systems. The firm’s product portfolio includes thermal imaging cores, weapon sights, targeting systems, missile seekers, fire control systems, and missile guidance systems.The IPO, which opens on October 15, consists entirely of an offer for sale of 1.22 crore equity shares by promoters and existing shareholders.