Stories
Tonbo Imaging India IPO Sees Strong Demand With 7.77x Subscription On Day Two
N
News18•16-10-2026, 18:30
Tonbo Imaging India IPO Sees Strong Demand With 7.77x Subscription On Day Two
- •The initial public offer of defence electronics maker Tonbo Imaging India Ltd was subscribed 7.77 times on the second day of bidding on Friday.
- •The Rs 852.18-crore IPO received bids for 6,62,65,605 shares against 85,26,033 shares on offer according to NSE data.
- •The non-institutional investors portion was subscribed 14.35 times, retail investors received 7.12 times subscription, and qualified institutional buyers subscribed 3.95 times.
- •The IPO price range is set at Rs 665-700 per share, and the bidding will officially close on October 19.
Key Questions Answered
On the second day of bidding, the initial public offering of Tonbo Imaging India Ltd was subscribed 7.77 times overall, receiving bids for 6,62,65,605 shares against the 85,26,033 shares on offer.
The Rs 852.18-crore public issue consists entirely of an offer for sale (OFS) of 1.22 crore equity shares by promoters and existing shareholders, meaning the company will not receive any proceeds from the issue.
Tonbo Imaging India Ltd raised Rs 255.36 crore from anchor investors prior to the public opening of its initial public offering.
