Tonbo Imaging India Limited, a global defence electronics original equipment manufacturer (OEM), has received approval from the Securities and Exchange Board of India (SEBI) to launch its proposed initial public offering (IPO).
The proposed IPO will comprise an offer for sale (OFS) of up to 18,085,246 equity shares with a face value of Rs 2 each. The OFS will include shares offered by the promoter selling shareholders, a promoter group selling shareholder and investor selling shareholders.