India, Oct. 22 -- Tonbo Imaging's promoters and investors have realised substantial gains from the company's IPO, which closed earlier this week post witnessing an overwhelming demand from investors.

The company's three cofounders - CEO Arvind Lakshmikumar, CBO Ankit Kumar and chief commercial officer (CCO) Cecilia D'Souza - collectively pocketed Rs.137.2 Cr from the defence tech company's Rs.852 Cr IPO.

CEO Lakshmikumar raked in Rs.80.5 Cr by offloading 11.5 Lakh shares at the upper end of the Rs.665-700 price band. He continues to hold around 38.18 Lakh shares, making him one of the largest shareholders of Tonbo Imaging.

Cofounder Kumar, who serves as the CBO and CRO of Tonbo, offloaded 5.8 Lakh shares worth Rs.40.6 Cr and continues ...