India, May 17 -- Defence tech startup Tonbo Imaging is readying to file its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) within three months to raise INR 800 Cr to INR 1,000 Cr in its initial public offering (IPO).

Speaking to Inc42, Tonbo founder and CEO Arvind Lakshmikumar said that the startup will file the draft papers in July or August this year.

Tonbo has appointed IIFL Securities and JM Financial as the book running lead managers for its public issue and is expected to begin its full-fledged IPO preparations next week.

The CEO refused to give the breakup of the fresh issue and the offer for sale in the IPO.

Founded in 2012 by Lakshmikumar, Ankit Kumar, and Cecilia D'Souza, Tonbo is ...