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Amansa Investments, SBI Mutual Fund, others invest Rs 413 Cr in Tonbo Imaging ahead of IPO

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Amansa Investments, SBI Mutual Fund, others invest Rs 413 Cr in Tonbo Imaging ahead of IPO

Amansa Investments, SBI Mutual Fund and HDFC Life Insurance Company, among others, have invested over Rs 413 crore in defence electronics maker Tonbo Imaging India Ltd through secondary share transactions, valuing the company at around Rs 4,000 crore.

This comes ahead of the company's Rs 852 crore Initial Public Offering (IPO).

The transactions, executed on September 29-30, involved existing investors CEAQ Singapore and CEAQ India transferring shares to a group of domestic and international institutional investors, according to the Red Herring Prospectus (RHP).

The buyers included Amansa Investments, Malabar India Fund, SBI Emergent India Fund, SBI Optimal Equity Fund, HDFC Life Insurance Company, Susquehanna Asia Technology, Valuequest Founders Conviction and 360 ONE Multi-Stage Defence and Space Fund, it showed.

Amansa Investments was the largest buyer, acquiring 24.32 lakh shares at Rs 700 apiece, the upper end of the IPO price band, for around Rs 170.24 crore.

Susquehanna Asia Technology Pty Ltd, Valuequest Founders Conviction LVF and 360 ONE Multi-Stage Defence and Space Fund each purchased 5.73 lakh shares for Rs 40.10 crore.

Akash Manek Bhanshali bought 5.66 lakh shares for Rs 39.59 crore, while SBI Emergent India Fund acquired 5 lakh shares worth Rs 35 crore. SBI Optimal Equity Fund and HDFC Life Insurance Company purchased shares valued Rs 20.09 crore and Rs 16.03 crore, respectively.

The company's IPO will open for public subscription on October 15 and close on October 19, with the price band of Rs 665-700 per share.

22 crore equity shares by promoters and existing investors, with no fresh issue component.


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