Business · Updated 22 Oct, 05:50 pm IST
Tonbo Imaging cofounders sell shares, pocket ₹137.2 Cr in IPO
Why it matters for readers: Explains that this IPO was about selling existing shares and that top executives cashed out while the company saw lower earnings.
- The ₹852 crore IPO was entirely an offer-for-sale that allowed early investors and promoters to sell shares.1
- CEO and cofounder Arvind Lakshmikumar sold 11.5 lakh shares at the top of the ₹665–₹700 band, realising ₹80.5 crore and retaining about 38.18 lakh shares.1
- Cofounder Ankit Kumar sold 5.8 lakh shares for about ₹40.6 crore and retains 24.6 lakh shares, while CCO Cecilia D’Souza sold about 2.3 lakh shares for ₹16.1 crore.1
- Related entities CEAQ Technologies Pvt Ltd (Bengaluru) and CEAQ Technologies Pte Ltd (Singapore) were the largest selling shareholders in the IPO.1
- Tonbo Imaging’s FY26 operating revenue fell 22.7% year-on-year to ₹362.6 crore and net profit declined to ₹50.8 crore from ₹72.8 crore in FY25.1
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