Tonbo Imaging gets SEBI approval for IPO centered on 1.81 crore-share OFS

Tonbo Imaging has received SEBI approval for its proposed IPO after refiling draft papers, Inc42 reports. The offering is structured entirely as an offer-for-sale of up to 1.81 crore equity shares, meaning no fresh capital will go to the company. Inc42 reports the selling shareholders include Tonbo’s three cofounders, a promoter-group shareholder and existing investors. As of March 31, 2026, the company had deployed more than 28,000 systems across 24 countries, per Inc42. Inc42 also reports Tonbo’s FY26 net profit fell 30% to ₹362.6 crore while operating revenue declined 22.7% to ₹299.9 crore.