Tonbo Imaging IPO Oversubscribed Nearly 7X On Day 2 So Far

by · Inc42

SUMMARY

  • Tonbo’s IPO was subscribed 6.87X so far on day 2, getting bids for 5.86 Cr shares against 85 Lakh shares on offer
  • NIIs oversubscribed 12.2X, retail individual investors bid for 6.25X of their allocation, and QIBs subscribed to 3.94X of the shares reserved for them
  • Tonbo is seeking to raise ₹852.1 Cr from its IPO which values the company at ₹4,009.8 Cr at the upper end of the price band