[Update] Tonbo Imaging IPO Subscribed 4X On Day 1, NIIs Lead Demand

by · Inc42

SUMMARY

  • Tonbo Imaging’s ₹852 Cr IPO was subscribed 4X on Day 1, getting bids for 3.41 Cr shares against 85.26 Lakh shares on offer.
  • Demand exceeded allocations across all investor categories, with NIIs leading subscription at 5.96X, followed by QIBs at 3.92X and retail investors at 3.2X.
  • Within the NII category, the portion for bids above ₹2 Lakh and up to ₹10 Lakh was subscribed 8.74X, while bids above ₹10 Lakh saw 4.57X subscription.