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Tonbo Imaging India IPO Surges 10x on Final Day as GMP Jumps 75 Percent
M
Moneycontrol•19-10-2026, 15:55
Tonbo Imaging India IPO Surges 10x on Final Day as GMP Jumps 75 Percent
- •The initial public offering of Bengaluru-based Tonbo Imaging India was subscribed over 10 times by the final day of bidding on October 19.
- •The Rs 852.18-crore IPO received bids for over 8.51 crore shares against 85.26 lakh shares on offer, with non-institutional investors leading at 21.93 times subscription.
- •In the grey market, shares commanded a strong premium of 75 percent on the morning of October 19.
- •The public issue is entirely an offer for sale of 1,21,74,046 equity shares with a price band set at Rs 665 to 700 per share.
- •Share allotment is expected to be finalised on October 21, with a likely listing on the BSE and NSE on October 23.
Key Questions Answered
By 10:15 am on October 19, the initial public offering of Tonbo Imaging India was subscribed over 10 times. In the grey market, shares were commanding an unofficial premium of 75 percent.
The price band for the Rs 852.18-crore IPO is fixed at Rs 665 to Rs 700 per share. The issue opened on October 15 and closes on October 19, with share allotment expected on October 21 and a tentative listing on BSE and NSE on October 23.
The public issue is entirely an offer for sale (OFS) of 1,21,74,046 equity shares with no fresh issue component, meaning the company will not receive any proceeds. Instead, the net proceeds will go directly to the selling promoters and existing shareholders.
