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Tonbo Imaging India IPO Day 2: GMP of 500 Rupees Signals Strong Listing
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CNBC TV18•16-10-2026, 07:18
Tonbo Imaging India IPO Day 2: GMP of 500 Rupees Signals Strong Listing
- •The 852 crore rupee initial public offering of Tonbo Imaging India opened for its second day of bidding on Friday, October 16.
- •The issue was fully subscribed on the first day itself, receiving bids worth nearly 2,400 crore rupees against shares worth 852 crore rupees on offer.
- •The IPO achieved an overall subscription of 3.99 times on day one, led by non-institutional investors and employees.
- •The Grey Market Premium of 500 rupees per share indicates a healthy potential listing premium of 71 percent over the issue price of 700 rupees.
- •Tonbo Imaging is a global defence electronics original equipment manufacturer specializing in electro-optics and infrared systems.
Key Questions Answered
The Tonbo Imaging India IPO is valued at ₹852 crore and is a complete Offer For Sale (OFS), meaning the company will not receive any proceeds from the issue as shares are sold by existing promoters and shareholders.
The price band for the IPO has been fixed at ₹665 to ₹700 per share. Unlisted market reports indicate a grey market premium of ₹500 per share, pointing to a potential listing premium.
On the first day of bidding, the IPO was subscribed 3.99 times overall, receiving bids worth nearly ₹2,400 crore against shares worth ₹852 crore on offer.
