Tonbo Imaging IPO Faces Defence Demand Amid Financial Challenges
Tonbo Imaging plans to raise ₹852 crore in its IPO, aiming to capitalize on growing demand for advanced defence technologies. Despite this, the company has experienced revenue declines due to international order delays, along with reduced profit and return on equity. Its valuation shows a premium over industry peers, suggesting cautious investor sentiment amid these challenges.
ET Markets·


